FL ARCHIVED August 2017 | Page 132

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

City : West 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
$ 250,000
0 %
13 %
Average List Price of all Current Listings
$ 510,846
0 %
38 %
August Median Sales Price
$ 207,000
0 %
1 %
7 %
22 %
$ 185,000
10 %
9 %
August Average Sales Price
$ 252,274
3 %
3 %
11 %
12 %
$ 245,418
9 %
9 %
Total Properties Currently for Sale ( Inventory )
1,887
-2%
-16%
August Number of Properties Sold
333 -10%
-13%
3,077
1 %
August Average Days on Market ( Solds )
88
16 %
4 %
-1%
4 %
85
-1%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 178
3 %
5 %
12 %
5 %
$ 179
14 %
6 %
August Sold Price per Square Foot
$ 153
1 %
1 %
9 %
11 %
$ 148
9 %
8 %
August Month ' s Supply of Inventory
5.7
8 %
8 %
-4%
-13%
5.8
-11%
-10%
August Sale Price vs List Price Ratio
92.5 %
-. 2 % -. 3 % -. 9 %
-. 6 %
92.7 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
August Property sales were 333 , down 12.8 % from 382 in
August of 2016 and 9.8 % lower than the 369 sales last month .
Property
August 2017 Sales sales were at their lowest level compared to August
600
500
August of 2016 Property and 2015 sales . August were 333 YTD , down sales 12.8 of 3,077 % from are 382 running 0.7 %
August ahead of of 2016 last year and ' 9.8 s year-to-date % lower than sales the 369 of 3,057 sales . last month .
500
August 2017 sales were at their lowest level compared to August
400
of 2016 and 2015 . August YTD sales of 3,077 are running 0.7 % ahead of last year ' s year-to-date sales of 3,057 .
400
300
300
200
Agent Name

West Palm Beach Title

Phone Website Other

Community Information | School District

200 100
359 403 308 397 287 350
Number of Properties Sold
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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in August was $ 207,000 , up 7.0 % from 300
Prices $ 193,450 in August of 2016 and up 0.0 % from $ 206,900 last Median Sales Price and Average Sales Price
3 Mo Avg The month Median . The Sales Average Price Sales in August Price was in August $ 207,000 was , up $ 252,274 7.0 % from , up
280
300 $ 11.5 193,450 % from in August $ 226,316 of 2016 in August and up of 0.0 2016 % from and $ up 206,900 3.4 % from last 260 month . The Average Sales Price in August $ 252,274 , up
280
$ 243,861 last month . August 2017 ASP was at the highest level 240 11.5 % from $ 226,316 in August of 2016 and up 3.4 % from 260 compared to August of 2016 and 2015 .
220
$ 243,861 last month . August 2017 ASP was at the highest level 240 200 compared to August of 2016 and 2015 . 220
180 200
160 180
140 160
120
140 120
100
100 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
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
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 1,887 Inventory , down 2.5 of % Properties from 1,935 available last month for sale and as down of August 16.0 % 3,000
10.0 was from 1,887 2,246 , down in August 2.5 % from of last 1,935 year last . August month and 2017 down Inventory 16.0 % was 3,000 at 10.0
2,500 8.0 from its lowest 2,246 level in August compared of last with year . August of 2017 2016 Inventory and 2015 was . at 2,500 8.0 its lowest level compared with August of 2016 and 2015 .
2,000 2,000
6.0
1,500 6.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The August 2017 MSI of 5.7 higher months MSI was is better at its lowest for buyers level . The compared August with 2017 August MSI of 5.7
500 2.0 of 2016 500
2.0 months and 2015 was . at its lowest level compared with August of 2016
0 0.0 and 2015 . 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
451 451 447 430
359 403 308 397 287 350 451 451 447 430 478 362 385 398 340 411 266 295 443 478 402 427 364 382 404 344 367 349 327 329 436 408 436 439 369 333
2,592 2,634 2,605 2,545 2,680 2,744 2,657 2,535 2,455
2,592 2,634 2,605 2,545 2,680 2,744 2,657 2,535 2,455 2,363 2,311 2,239 2,198
478
Number of Properties Sold
362 385 398 340 411 266 295 443 478
2,363 2,311 2,239 2,198 2,299 2,308 2,250 2,398 2,540 2,493 2,550 2,439 2,391 2,319 2,246 2,330 2,290 2,363 2,271 2,392 2,430 2,389 2,319
402
2,299 2,308 2,250 2,398 2,540 2,493 2,550 2,439 2,391 2,319 2,246 2,330 2,290 2,363 2,271 2,392 2,430 2,389 2,319 2,151 2,108 1,935 1,887
427 364 382 404 344 367 349 327 329
3 Mo Avg
436 408
2,151 2,108
436
3 Mo Avg
439
1,935
1,887 369 333
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
132 | 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 .