FL ARCHIVED December 2017 | Page 118

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

City : Boca Raton

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
$ 449,000
0 %
6 %
Average List Price of all Current Listings
$ 986,966
2 %
12 %
December Median Sales Price
$ 375,000
12 %
12 %
31 %
23 %
$ 327,500
7 %
7 %
December Average Sales Price
$ 505,334
-5%
5 %
24 %
11 %
$ 473,919
4 %
4 %
Total Properties Currently for Sale ( Inventory )
2,435
-1%
-8%
December Number of Properties Sold
335
24 %
-11%
4,645
-7%
December Average Days on Market ( Solds )
83
5 %
-1%
4 %
0 %
83
0 %
0 %
Asking Price per Square Foot ( based on New Listings )
$ 244
-1%
0 %
16 %
9 %
$ 236
6 %
6 %
December Sold Price per Square Foot
$ 214
1 %
4 %
13 %
11 %
$ 200
4 %
4 %
December Month ' s Supply of Inventory
7.3 -20%
-9%
2 %
3 %
6.9
-2%
-2%
December Sale Price vs List Price Ratio
91.5 %
-. 3 %
. 2 %
-. 7 %
-. 6 %
91.5 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700 December Property sales were 335 , down 10.7 % from 375 in
December of 2016 and 23.6 % higher than the 271 sales last 600 Property month . December Sales 2017 sales were at their lowest level 700
December compared Property to December sales were of 2016 335 , and down 2015 10.7 . % December from 375 YTD in sales 500 December of 4,645 are of 2016 running and 23.6 7.3 % behind higher than last year the 271 ' s year-to-date sales last sales 600 month of 5,010 . December . 2017 sales were at their lowest level
400 compared to December of 2016 and 2015 . December YTD sales 500 of 4,645 are running 7.3 % behind last year ' s year-to-date sales 300 of 5,010 .
400 200
300 100
200
Agent Name

Boca Raton Title

Phone Website Other

Community Information | School District

Number of Properties Sold
100
0
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
0
15
16
17
Prices
The Median Sales Price in December was $ 375,000 , up 31.1 %
Prices from $ 286,000 in December of 2016 and up 11.9 % from
The
$ 335,000 Median last Sales month Price . in The December Average was Sales $ 375,000 Price in , up December 31.1 % was
600 from
$ 505,334 $ 286,000 , up 24.0 in December % from $ of 407,527 2016 and in December up 11.9 % from of 2016 and
$ down 335,000 5.5 last % from month $ 534,531 . The Average last month Sales . Price December in December 2017 ASP was was
550
J
F M A M J
15
600
550
500
J
A S
OMedian N D
J FSales M A MPrice J
J Aand S OAverage N D
J
F Sales M A MPrice J
J
A S O N D
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ at 505,334 the highest , up 24.0 level % from compared $ 407,527 to December in of 2016 of 2016 and and 2015 .
500 down 5.5 % from $ 534,531 last month . December 2017 ASP was
450
at the highest level compared to December of 2016 and 2015 .
450
400
400 350
350 300
305 362 502 474 490 581
Number of Properties Sold
305 362 502 474 490 581 452 420 455 424 312 456 313 355 415 491 503 522 446 493 435 359 303 375 331 366 493 418 498 515 412 433 258 315 271 335
300 250 250
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 15
16
17
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 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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The December Total Inventory was 2,435 of , Properties down 0.9 available % from 2,456 for sale last as month of and
3,500 10.0
December down 8.5 was % from 2,435 2,661 , down in 0.9 December % from 2,456 of last last year month . December and 2017 3,5003,000 10.0
8.0 down Inventory 8.5 % from was at 2,661 its lowest in December level compared of last year with . December 2017 of 3,0002,500
8.0
Inventory 2016 and was 2015 at . its lowest level compared with December of 2,500 2016 and 2015 .
2,000 6.0
2,000 6.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while 1,500 a 1,000 4.0
A higher comparatively MSI is better lower for MSI buyers is more . The beneficial December for sellers 2017 while MSI of a 7.31,000 2.0 higher months MSI was is better at its highest for buyers level . The compared December with 2017 December MSI of 7.3 500 of
2.0 500 months 2016 and was 2015 at its . highest level compared with December of 0
0.0
2016 and 2015 . 0
0.0 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 S O N D 15
16 17
15 16
17
452 420 455 424 312 456
2,896 2,841 2,819 2,759 2,679 2,645 2,655 2,638 2,638 2,767 2,839 2,810
313
2,896 2,841 2,819 2,759 2,679 2,645 2,655 2,638 2,638 2,767 2,839 2,810 2,950 3,087 3,100 3,058 2,966 2,940 2,864 2,704 2,667 2,652 2,722 2,661 2,796 2,828 2,782 2,729 2,613 2,516 2,443 2,454
355 415 491 503 522 446 493 435 359 303 375 331 366 493
2,950 3,087 3,100 3,058 2,966 2,940 2,864 2,704 2,667 2,652 2,722 2,661 2,796 2,828 2,782 2,729 2,613 418 498 515
2,379 2,440 2,456 2,435
3 Mo Avg
412 433 258 315
2,516 2,443 2,454 2,379 2,440 2,456 2,435
3 Mo Avg
271
335
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
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 Assoc
118 | c o l d w e l l b a n k e r h o m e s . c o m 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 .