FL ARCHIVED August 2017 | Page 128

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

City : Palm Beach Gardens

Price Range : All | Properties : SFH - Con
Agent Name

Palm Beach Gardens Title

Phone Website Other

Community Information | School District

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
$ 583,000
-1%
6 %
Average List Price of all Current Listings
$ 999,017
1 %
5 %
August Median Sales Price
$ 397,500
-2%
-1%
2 %
7 %
$ 400,000
12 %
8 %
August Average Sales Price
$ 525,095
-9% -11% 13 %
2 %
$ 599,470
21 %
17 %
Total Properties Currently for Sale ( Inventory )
675
-5%
-17%
August Number of Properties Sold
132
10 %
-12%
1,050
0 %
August Average Days on Market ( Solds )
83
-6% -11% -27% -15%
99
1 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 263
9 %
7 %
9 %
8 %
$ 250
6 %
3 %
August Sold Price per Square Foot
$ 212
-0%
-3%
8 %
4 %
$ 222
12 %
9 %
August Month ' s Supply of Inventory
5.1 -13% -7%
-6%
-26%
6.5
-4%
-6%
August Sale Price vs List Price Ratio
92.8 %
. 0 %
. 7 %
. 2 %
. 0 %
92.3 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
180
August Property sales were 132 , down 12.0 % from 150 in August of 2016 and 10.0 % higher than the 120 sales last month . August
160
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to August of 2016
180
140
August and 2015 Property . August sales YTD were sales 132 , of down 1,050 12.0 are % running from 1500.1 in % August ahead of of 2016 and 10.0 % higher than the 120 sales last month . August
160 last year ' s year-to-date sales of 1,049 .
120
2017 sales were at their lowest level compared to August of 2016
140
100
and 2015 . August YTD sales of 1,050 are running 0.1 % ahead of last year ' s year-to-date sales of 1,049 .
120
80
100
60
80
40
60
20
40
0
20
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 $ 397,500 , up 1.9 % from
Prices
$ 390,000 in August of 2016 and down 2.5 % from $ 407,500 last
The month Median . The Sales Average Price Sales in August Price was in August $ 397,500 was , up $ 1.9 525,095 % from , up
700
$
12.6 390,000 % from in August $ 466,526 of 2016 in August and down of 2016 2.5 % and from down $ 407,500 8.9 % from last month
$ 576,625 . The last Average month Sales . August Price in 2017 August ASP was $ at 525,095 the highest , up level
650
12.6 compared % from $ to 466,526 August in of August 2016 and of 2016 2015 and . down 8.9 % from
600
S
O N D
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
J
A
14
15
16
17
700
Median Sales Price and Average Sales Price
3 Mo Avg
650
600
550
3 Mo Avg
$ 576,625 last month . August 2017 ASP was at the highest level compared to August of 2016 and 2015 .
550
500
500
450
450
400
400
350
120 108 92 129 85 84
120 108 92 129 85 84 139 164 155 150 142 142 117 124 96 115 104 93 138 124 151 154 135 150 112 123 103 133 98 100 133 150 168 149 120 132
350
300
300
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
15 M 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 675 , Inventory down 4.8 of % Properties from 709 last available month for and sale down as of 16.9 August % from
1,000 was 812675 in , August down 4.8 of % last from year 709 . August last month 2017 and Inventory down 16.9 was % from at its
1,000
800
812 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its
800 lowest level compared with August of 2016 and 2015 .
600
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
12.0
10.0
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial August for 2017 sellers MSI while of 5.1 a higher months MSI was is better at a mid for level buyers compared . The August with 2017 August MSI of of 2016 5.1 and
200 months
2015 . was at a mid level compared with August of 2016 and
2015 .
0
400
6.0
4.0
200
2.0
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 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
15
16
17
14
15
16
17
4.0
2.0
0.0
779 831 808
139 164 155 150
779 831 808 778 864 909 870 816 817 795 756 699 699
142
778 864 909 870 816 817 795 756
Number of Properties Sold
142 117 124
699 699 745
745 738 727
824 96 115 104 93 138 124 151 154 135 150 112 123 103 133 98
738 874
727 901 923 883 856 828 812 820 824 830 817 850
905 928 901 811 803 100 133
709 675
150
824 874 901 923 883 856 828 812 820 824 830 817 850 905 928 901 811 803
168
3 Mo Avg
149
709
675 120 132
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128 | 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 .