FL ARCHIVED August 2017 | Page 126

Market Action Report August 2017
Community Information | School District
Market Action Report August 2017

City : Palm Beach

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,175,000
-2%
15 %
Average List Price of all Current Listings
$ 3,577,448
-1%
-1%
August Median Sales Price
$ 577,500
-32% -25% -38%
-2%
$ 801,000
36 %
36 %
August Average Sales Price
$ 2,013,386
-6%
1 %
30 %
11 %
$ 2,196,698
24 %
22 %
Total Properties Currently for Sale ( Inventory )
339
-1%
-1%
August Number of Properties Sold
28
0 %
-13%
301
-0%
August Average Days on Market ( Solds )
247
43 %
25 %
89 %
67 %
174
20 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 696
25 %
2 %
-24% -11%
$ 749
-5%
-4%
August Sold Price per Square Foot
$ 592
-9%
-9%
-7%
4 %
$ 658
18 %
15 %
August Month ' s Supply of Inventory
12.1
-1%
13 %
13 %
-19%
12.6
-1%
-16%
August Sale Price vs List Price Ratio
80.3 % -8.9% -6.2% -3.8% -7.8%
86.6 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Palm Beach Title

Phone Website Other

Community Information | School District

Number of Properties Sold
3 Mo Avg
Property Sales
80
August Property sales were 28 , down 12.5 % from 32 in August of 2016 and the same as the 28 sales last month . August 2017
70
Number of Properties Sold
3 Mo Avg
Property sales were Sales at their lowest level compared to August of 2016 and
80
August
2015 . Property August YTD sales sales were of 28301 , down are 12.5 running % from 0.332 % in behind August last of 2016 and the same as the 28 sales last month . August 2017
70 year ' s year-to-date sales of 302 . sales were at their lowest level compared to August of 2016 and
60
2015 . August YTD sales of 301 are running 0.3 % behind last
60
50
40
year ' s year-to-date sales of 302 .
50
30
40
20
30
10
20
0
10
S
O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A
0
14
15
16
17
Prices
The Median Sales Price in August was $ 577,500 , down 38.4 %
S
O N D
J
F M A M
JMedian
J A S OSales N D JPrice
F M Aand M J Average
J
A S O Sales N D
J Price
F M A M J
14
15
16
17
J
A
3 Mo Avg
Prices from $ 937,500 in August of 2016 and down 32.1 % from
The
$ 850,000 Median last Sales month Price . in The August Average was $ Sales 577,500 Price , down in August 38.4 % was
3,200
Median Sales Price and Average Sales Price
3 Mo Avg
from
$ 2,013,386 $ 937,500 , up in 30.1 August % from of 2016 $ 1,548,086 and down in 32.1 August % from of 2016 and
$ down 850,000 5.6 last % from month $ 2,133,892 . The Average last month Sales Price . August in August 2017 was ASP was
3,2002,700
$ at 2,013,386 a mid range , up 30.1 compared % from $ to 1,548,086 August of in 2016 August and of 2015 2016 . and down 5.6 % from $ 2,133,892 last month . August 2017 ASP was
2,7002,200
at a mid range compared to August of 2016 and 2015 .
2,2001,700
1,200
32 37 18 40 44 33 53 73 55 66 33 31 46 39 30 33 28 25 50 48 46 47 26 32 28 15 22 24 22 30 48 43 54 48 28 28
1,7001,200
700
200
200
S
S
O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
O
14 N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
A
J
A
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of August
The was Total 339 , Inventory down 1.2 % of from Properties 343 last available month for and sale down as of 1.5 August % from was 344339 in , August down 1.2 of % last from year 343 . August last month 2017 and Inventory down 1.5 was % from at its
600
600
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
30.0
25.0
344 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its lowest level compared with August of 2016 and 2015 .
500
400
25.0
20.0
400
300
20.0
15.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The August 2017 MSI of 12.1 higher months MSI was is better at a mid for level buyers compared . The August with 2017 August MSI of of 2016 12.1 and
100 months
2015 . was at a mid level compared with August of 2016 and
2015 .
0
15.0
200
10.0
100
5.0
0
0.0
S
O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A
S
O N D J
F M A J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J A
14
15
16
17
14
15
16
17
10.0
5.0
0.0
448
700
32 37
468
489 448
480 468 18 40 44 33
519 489
480 547
522 519
494 547 53 522 437
73 494 424
55 437
415 66 424
398
397 33 31 46 39 30 33 28 25 50 48 46
415 442 398 470 397 471 442 505 519
470
490 471
483 505
433 519
391 490
366 483
344 433
359 391
390 366
344 428
359 459
390
486 503 428 502 459
473 486
423 503
379 502
343 473
339 423
47 26 32 28 15 22 24 22 30 48 43
379 54
343 48
339 28 28
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
126 | c o l d w e l l b a n k e r h o m e s . c o m
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .