FL ARCHIVED February 2018 | Page 116

Market Action Report
February 2018
Palm
Beach
County
Market Action Report
County: Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$375,000
0%
4%
Other
$889,204 Trending
0% versus*: 7%
Month
LM 8%
L3M 4%
PYM 14%
LY
$285,000
$375,000
0% -1% 5%
4% 5%
$459,574
$889,204
0% 2%
7% -8%
13,642
$285,000 1,780
8% 3%
4% 14% -10%
6%
$459,574 -1%
5%
5%
14%
79 4% 4% 0%
13,642 2%
-8%
$244 0% 1% 10%
1,780 3%
-10%
$199 -2% 3% 8%
79 4% 4% 0% 4%
7.7 -1% 8% 2%
$244 0% 1% 10% 9%
92.5% -.1% -.2% -.2%
$275,000 3,505
11%
$461,951
13%
4%
77
9%
7%
27%
-.0%
-9% 3%
-1% 15%
9%
11%
1%
-0%
8%
0%
$243
1%
8%
9%
28%
0%
3,505
-9%
February Sold Price per Square Foot
$201
February Average Days on Market (Solds)
77
-1%
February Month's Supply of Inventory
7.7
Asking Price per Square Foot (based on New Listings)
$243
9%
February Sale Price vs List Price Ratio
92.6%
February Sold Price per Square Foot
$199
-2%
3%
8%
7%
$201
11%
9%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
February Month's Supply of Inventory
7.7 -1% 8% 2% 27%
7.7
-0%
28%
of 92.6%
Properties
February Sale Price vs List Price Ratio
92.5% -.1% -.2% -.2% Number
-.0%
0% Sold 0%
3 Mo Avg
1,000
2,699
2,754
2,133
2,436
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
15
16
17
18
M A M J J A S O N Median
D J F M Sales
A M J Price
J A S and
O N D Average
J F M A Sales
M J J Price
A S O N D J F
3 Mo Avg
15
16
17
18
3 Mo Avg
93%
92.7%
92.5%
92.4%
93%
Inventory / New Listings / Sales
Inventory / New Listings / Sales
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
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
18
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
10,000
12,000
14,000
Total Inventory & Month's Supply of Inventory (MSI)
16,000
Total Inventory & Month's Supply of Inventory (MSI)
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2018 was 3,869, down 11.7% from 4,383 last month
and down 3.9% from 4,025 in February of last year.
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
18
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
15
16
17
15
16
17
18
.
94%
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
15
16
17
18
The Total Inventory
Inventory
& MSI of Properties available for sale as of
16,000
February
was 13,642,
up 1.9% from
13,393
The
Total Inventory
of Properties
available
for last
sale month
as of and down
14,000
8.2% from
February
of 13,393
last year.
February
was 14,865
13,642, in up
1.9% from
last February
month and 2018
down 16,000
8.2%
from 14,865
of last
year. February
2018
Inventory
was at in its February
lowest level
compared
with February
of 14,000
12,000
Inventory
at its lowest level compared with February of
12,000
2017 and was
2016.
10,000
2017 and 2016.
10,000 8,000
8,000 6,000
A comparatively lower MSI is more beneficial for sellers while a 6,000
4,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while of a 7.7
MSI is better
for buyers.
February
2018 MSI
higher
MSI
is better
for level
buyers.
The February
2018 MSI of of 2017
7.7 and 4,000 2,000
months
was
at a mid
compared
with February
2,000
months
0
2016. was at a mid level compared with February of 2017 and
116 | c
94%
91%
M A 15
M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F
15
16
17
18
0
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
92%
250 200
2016.
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 92.5% was down from 92.6% last month and down
from 92.7% in February of last year.
92%
300 250
Inventory & MSI
166
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
15
16
17
18
350 300
200
183
at the highest level compared to February of 2017 and 2016.
Median Sales Price and Average Sales Price
3 Mo Avg
199
Prices
The Median Sales Price in February was $285,000, up 14.0%
500
Prices
from $250,000 in February of 2017 and up 7.5% from
The
Median last
Sales month.
Price in The
February
was Sales
$285,000,
up February
14.0% was
$265,000
Average
Price in
500 450
from
$250,000
in February
of 2017 and
up 7.5% from
$459,574,
up 4.9%
from $438,051
in February
of 2017 and
$265,000
last from
month.
The Average
Sales Price
in February
was was
down 1.0%
$464,403
last month.
February
2018 ASP
450 400
$459,574,
up 4.9%
from
$438,051
February of of 2017
2017 and
and 2016.
at the highest
level
compared
to in
February
down 1.0% from $464,403 last month. February 2018 ASP was 400 350
250
240
230
220
210
200
190
180
170
160
150
0
1,500
0
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The February 2018 Selling Price per Square Foot of $199 was
down 2.2% from $203 last month and up 8.4% from 183 in
February of last year.
2,000
500
30
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
15
16
17
18
1,500
1,000
40
0
2,500
500
50
to February of 2017 and 2016. February YTD sales of 3,505 are
running 8.7% behind last year's year-to-date sales of 3,838.
60
10
3 Mo Avg
Number of Properties Sold
70
20
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
3,500
February Property sales were 1,780, down 10.1% from 1,979 in
February of 2017 and 3.2% higher than the 1,725 sales last
3,000
Property
Sales 2018 sales were at their lowest level compared
month. February
3,500
February
Property
sales
were
1,780,
down 10.1%
in are
2,500
to February
of 2017
and
2016.
February
YTD from
sales 1,979
of 3,505
February
2017 behind
and 3.2%
the 1,725 sales
sales of
last
running of
8.7%
last higher
year's than
year-to-date
3,838. 3,000
2,000
month. February 2018 sales were at their lowest level compared
79
73
February Number of Properties Sold
3 Mo Avg
79
80
Asking Price per Square Foot (based on New Listings)
Trending versus*:
Prior YTD 11%
Prior Year 3%
6% YTD
$275,000
14%
$461,951
13%
15%
90
February Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 79, up 3.9% from 76
days last month and equal to 79 days in February of last year.
The February 2018 DOM was at a mid level compared with
February of 2017 and 2016.
February Average Sales Price
Days On Market for Sold Properties
Market Time
February
Sales
Price
February Median
Number
of Properties
Sold
Trending versus*:
Prior YTD Prior Year
YTD
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Community Information | School District
Price Range: All | Properties: SFH - Con
Market
Profile
& Sales
Trends
Overview
February
Median
Price
Median
List Average
Price of Sales
all Current
February
Price Listings
Title
Phone
Website
Other
Average List Price of all Current Listings
Agent Name
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
February 2018
Palm Beach County
County: Palm Beach
February 2018
County: Palm Beach Community Information | School District
Market Action Report
8,000
6,000
4,000
2,000
0
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
15
16
17
18
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 Association of REALTORS
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.
.
| 117
Data
provided
courtesy
of
Fort
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board c
of o
REALTORS,
of REALTORS,
of REALTORS
and estate
may
o of l Greater
d Greater
w Fort
el
l Lauderdale
ban
k REALTORS,
erh
o REALTOR
m Association
e s Association
co
m of Martin
l d w e Emerald
l b Coast
a n Association
k e r Association
h
o m of e REALTORS
s Pensacola
c o and
m Association
Data
is is
provided
courtesy
Lauderdale
REALTORS,
REALTOR
of Martin
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
Coast
Association
of l
REALTORS,
Pensacola
may not reflect
all relevant real
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.