FL ARCHIVED December 2017 | Page 132

Market Action Report December 2017
Community Information | School District
Market Action Report December 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
$ 247,000
1 %
3 %
Average List Price of all Current Listings
$ 486,003
-6%
13 %
December Median Sales Price
$ 198,250
-3%
-2%
9 %
17 %
$ 187,950
11 %
11 %
December Average Sales Price
$ 325,522
31 %
23 %
40 %
44 %
$ 248,434
11 %
10 %
Total Properties Currently for Sale ( Inventory )
2,005
-6%
-10%
December Number of Properties Sold
298
7 %
-15%
4,324
-4%
December Average Days on Market ( Solds )
69 -12%
-5%
-7%
-4%
74
3 %
3 %
Asking Price per Square Foot ( based on New Listings )
$ 181
1 %
-3%
3 %
8 %
$ 180
7 %
7 %
December Sold Price per Square Foot
$ 209
38 %
26 %
47 %
53 %
$ 151
11 %
10 %
December Month ' s Supply of Inventory
6.7 -12%
-6%
5 %
10 %
6.2
1 %
1 %
December Sale Price vs List Price Ratio
93.2 %
. 1 %
-. 1 %
-. 3 %
. 2 %
92.9 %
-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
December Property sales were 298 , down 14.6 % from 349 in
December of 2016 and 7.2 % higher than the 278 sales last
Property month . December Sales 2017 sales were at their lowest level
600
500
December compared Property to December sales were of 2016 298 , and down 2015 14.6 . % December from 349 YTD in sales
December of 4,324 are of 2016 running and 7.2 4.4 % higher behind than last the year 278 ' s year-to-date sales last sales
500 month of 4,524 . December . 2017 sales were at their lowest level compared to December of 2016 and 2015 . December YTD sales
400 of 4,324 are running 4.4 % behind last year ' s year-to-date sales
400
300
of 4,524 .
300
200
Agent Name

West Palm Beach Title

Phone Website Other

Community Information | School District

Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in December was $ 198,250 , up 8.9 %
Prices from $ 182,000 in December of 2016 and down 2.7 % from The $ 203,750 Median last Sales month Price . in The December Average was Sales $ 198,250 Price in , up December 8.9 % was
350 from $ 325,522 $ 182,000 , up 40.2 in December % from $ of 232,115 2016 and in December down 2.7 % of from 2016 and up $ 30.9 203,750 % from last month $ 248,729 . The last Average month Sales . December Price in 2017 December ASP was at $ 325,522 , up 40.2 % from $ 232,115 in December of 2016 and up
300 the highest level compared to December of 2016 and 2015 . 30.9 % from $ 248,729 last month . December 2017 ASP was at
the highest level compared to December of 2016 and 2015 . 250
200
100
0
100
0
287 350
300
250
200
287 350 453 451 447 431 479 362 385 398 340 411 266 295 443 478 402 427 365 382 404 345 368 349 329 331 444 414 441 456 393 379 262 299 278 298
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
453 451 447 431 479 362 385 398 340 411 266 295 443 478 402 427 365 382
J F M A M J 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
15 16
17 3 Mo Avg
350 Median Sales Price and Average Sales Price
3 Mo Avg
404 345 368 349 329 331 444 414 441 456 393 379 262 299 278 298
200 150
150
100
100
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 2,005 of Properties , down 6.0 available % from 2,133 for sale last as month of and
3,000
December down 10.0 was % from 2,0052,229 , down in 6.0 December % from 2,133 of last last year month . December and
3,000
2,500 down 201710.0 Inventory % from was 2,229 at in its December lowest level of last compared year . December with December
2,500
2017 of 2016 Inventory and 2015 was . at its lowest level compared with December
2,000 of 2016 and 2015 .
2,000
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
10.0
8.0
6.0
1,500
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 December 2017 MSI of 6.7
500 higher months MSI was is better at its highest for buyers level . The compared December with 2017 December MSI of 6.7 of
500
2.0 months
2016 and was 2015 at its . highest level compared with December of
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
4.0
2.0
0.0
2,532 2,549 2,468 2,329 2,270 2,171 2,140
2,532 2,549 2,468 2,329 2,270 2,171 2,140 2,077
2,077 2,082 2,135 2,197 2,160 2,275 2,359 2,327 2,361 2,291 2,233 2,161 2,104 2,176 2,203 2,314 2,229 2,361 2,357 2,330 2,289 2,166 2,146 2,075 2,056 2,048 2,088 2,133 2,005
2,082 2,135 2,197 2,160 2,275 2,359 2,327 2,361 2,291 2,233 2,161 2,104 2,176 2,203 2,314 2,229 2,361 2,357 2,330 2,289 2,166 2,146 2,075 2,056 2,048 2,088 2,133 2,005
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
132 | 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 .