Palm Beach Community Information | School District
Palm Beach Community Information | School District
Days On Market for Sold Properties |
3 Mo Avg |
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for August was 247 , up 42.8 % from 173 days last month and up 88.5 % from 131 days in August of last year . The August 2017 DOM was at a mid level compared with August of 2016 and 2015 . |
300
250
200
150
100
|
125 131 |
247 |
|
50 |
|
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Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The August 2017 Selling Price per Square Foot of $ 592 was down 9.1 % from $ 651 last month and down 7.2 % from 638 in August of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The August 2017 Selling Price vs Original List Price of 80.3 % was down from 88.1 % last month and down from 83.5 % in August of last year .
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in August 2017 was 50 , up 47.1 % from 34 last month and down 15.3 % from 59 in August of last year .
0
850 800 750 700 650 600 550 500 450 400 350
94 % 92 % 90 % 88 % 86 % 84 % 82 % 80 % 78 % 76 % 74 %
600 500 400 300
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 |
14 |
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15 |
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16 |
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17 |
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Selling Price per Square Foot |
3 Mo Avg |
624
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 |
14 |
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15 |
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16 |
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17 |
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638
Selling Price versus Listing Price Ratio
88.5 %
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 |
14 |
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15 |
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16 |
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17 |
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Inventory / New Listings / Sales |
448 468 489 480
519 547 522
Avg Selling Price divided by Avg Listing Price for sold properties during the month
494
437 424 415 398 397
442 470 471 505 519 490 483
433 391 366
83.5 %
344 359
390 428
459 486 503 502
473
3 Mo Avg
423 379
343
592
80.3 %
339
200 100
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 |
14 |
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15 |
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16 |
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17 |
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c o l d w e l l b a n k e r h o m e s . c o m | 127