FL ARCHIVED December 2017 | Page 126

Market Action Report December 2017
Community Information | School District
Market Action Report December 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
$ 1,237,500
-7%
13 %
Average List Price of all Current Listings
$ 3,819,574
-1%
0 %
December Median Sales Price
$ 566,204
36 %
11 % -39%
-4%
$ 700,000
13 %
19 %
December Average Sales Price
$ 3,789,384
107 % 66 % 180 % 110 %
$ 2,179,953
20 %
21 %
Total Properties Currently for Sale ( Inventory )
414
-3%
-11%
December Number of Properties Sold
27
8 %
13 %
398
2 %
December Average Days on Market ( Solds )
218
55 %
22 %
15 %
59 %
166
19 %
21 %
Asking Price per Square Foot ( based on New Listings )
$ 939
-7%
-2%
26 %
21 %
$ 816
5 %
5 %
December Sold Price per Square Foot
$ 645
6 %
5 %
-7%
13 %
$ 645
13 %
13 %
December Month ' s Supply of Inventory
15.3 -10% -17% -21%
4 %
14.5
-1%
-1%
December Sale Price vs List Price Ratio
87.7 %
1.5 %
. 7 %
. 7 %
. 7 %
86.8 %
-0%
-0%
* 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

Property Sales
80
December Property sales were 27 , up 12.5 % from 24 in
December of 2016 and 8.0 % higher than the 25 sales last
70
Number of Properties Sold
3 Mo Avg
Property month . December Sales 2017 sales were at a mid level compared to
80
December Property of 2016 sales and were 2015 . 27 December , up 12.5 % YTD from sales 24 in of 398 are
December of 2016 and 8.0 % higher than the 25 sales last
70 running 1.8 % ahead of last year ' s year-to-date sales of 391 .
60
50
month . December 2017 sales were at a mid level compared to
December of 2016 and 2015 . December YTD sales of 398 are
60
40
running 1.8 % ahead of last year ' s year-to-date sales of 391 .
50
30
40
20
30
10
20
0
10
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 $ 566,204 , down
J
F M A M J
15
J
A
S
OMedian N D
J FSales M A MPrice J J Aand
S OAverage N D
J
F Sales M A M Price J
J
A
16
17
S O N D
3 Mo Avg
Prices
39.0 % from $ 927,500 in December of 2016 and up 36.4 % from
3,700
The
$ 415,000 Median last Sales month Price . in The December Average was Sales $ 566,204 Price in , down December was
3,200
39.0
$ 3,789,384 % from $ , 927,500 up 180.2 in % December from $ 1,352,531 of 2016 in and December up 36.4 % of from 2016
3,700
Median Sales Price and Average Sales Price
3 Mo Avg
$ and 415,000 up 106.9 last month % from . The $ 1,831,732 Average last Sales month Price . in December 2017 was
2,700
3,200
$
ASP 3,789,384 was at , up the 180.2 highest % from level $ 1,352,531 compared in to December of of 2016 2016 and and up 106.9 % from $ 1,831,732 last month . December 2017
2,7002,200
2015 .
ASP was at the highest level compared to December of 2016 and
2,2001,700
2015 .
1,7001,200
1,200
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 55 50 32 30 19 17 25 27
700
700
200
200
J
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
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
The
December Total Inventory was 414 of , down Properties 3.3 % available from 428 for last sale month as of and down
December
10.8 % from was 464 414 , in down December 3.3 % from of last 428 year last . month December and down 2017
600
10.8
Inventory % from 464 was in at December its lowest level of last compared year . December with December 2017 of
500
Inventory
2016 and was 2015 at . its lowest level compared with December of
2016 and 2015 .
400
600
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
30.0
25.0
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 December 2017 MSI of 15.3 higher months MSI was is better at a mid for level buyers compared . The December with December 2017 MSI of of 2016 15.3
100 months and 2015 was . at a mid level compared with December of 2016 and 2015 .
0
15.0
200
10.0
100
5.0
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 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
10.0
5.0
0.0
499 515
44 499
33 515
502 468
53 502 427
73 468
55 427
408 398
66 408
33 398
390 395
31 390
433 460
46 395
39 433
30 460
455 482 500
33 455
Number of Properties Sold
28
482
475 463
25
500 475
50
423 383
463 48
423 46
362 345
383 47 362
351
393 26 32
345 432 351
28
464 496
393 15 22 464
432 499 495
24 496
22 499
462 431
30 495
48 462
394 368 370
43 431
55
394
361 386
50
368 32
428 370 414 361
30 386
19 428
3 Mo Avg
17
414 25 27
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
126 | 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 .