FL ARCHIVED January 2018 | Page 116

Market Action Report January 2018
Community Information | School District
Market Action Report January 2018

County : 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
$ 375,000
0 %
7 %
Average List Price of all Current Listings
$ 892,179
0 %
9 %
January Median Sales Price
$ 270,000
-4%
0 %
10 %
0 %
$ 270,000
10 %
0 %
January Average Sales Price
$ 471,346
10 %
13 %
26 %
17 %
$ 471,346
26 %
17 %
Total Properties Currently for Sale ( Inventory )
13,395
6 %
-9%
January Number of Properties Sold
1,666 -22%
-10%
1,666
-10%
January Average Days on Market ( Solds )
77
5 %
1 %
0 %
1 %
77
0 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 245
4 %
2 %
9 %
9 %
$ 245
9 %
9 %
January Sold Price per Square Foot
$ 204
6 %
7 %
14 %
10 %
$ 204
13 %
10 %
January Month ' s Supply of Inventory
8.0
35 %
16 %
1 %
34 %
8.0
1 %
34 %
January Sale Price vs List Price Ratio
92.6 %
-. 2 % -. 0 %
. 2 %
. 1 %
92.6 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
3,500 January Property sales were 1,666 , down 10.3 % from 1,858 in
January of 2017 and 21.8 % lower than the 2,131 sales last 3,000 Property month . January Sales 2018 sales were at their lowest level compared 3,500
January to January Property of 2017 sales and were 2016 1,666 . January , down 10.3 YTD % sales from of 1,858 1,666 in are 2,500 January running of 10.3 2017 % and behind 21.8 % last lower year than ' s year-to-date the 2,131 sales sales last of 1,858 . 3,000 month . January 2018 sales were at their lowest level compared 2,000 to January of 2017 and 2016 . January YTD sales of 1,666 are 2,500 running 10.3 % behind last year ' s year-to-date sales of 1,858 . 1,500
2,000
1,000 1,500
500 1,000
Agent Name

Palm Beach County Title

Phone Website Other

Community Information | School District

Number of Properties Sold
500
0
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
0
15
16
17
18
Prices
The Median Sales Price in January was $ 270,000 , up 10.2 %
Prices from $ 245,000 in January of 2017 and down 3.6 % from
The
$ 280,000 Median Sales last month Price in . The January Average was Sales $ 270,000 Price , up in 10.2 January % was
500 from
$ 471,346 $ 245,000 , up 25.6 in January % from of $ 2017 375,128 and in down January 3.6 % of from 2017 and up
F
M A M J
15
500
450
J
A S
OMedian N D
J
F Sales M A M Price J
J
A and S O NAverage D
J
F MSales A M J Price
J
A S O N D
J
16
17
18
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$
9.9 280,000 % from last $ 428,902 month . The last Average month . Sales January Price 2018 in January ASP was was at the
450
$ highest 471,346 , level up 25.6 compared % from $ to 375,128 January in of January 2017 and of 2017 2016 and . up
400
9.9 % from $ 428,902 last month . January 2018 ASP was at the
400
350
highest level compared to January of 2017 and 2016 .
350
300
300 250
2,079 2,838 2,972 2,802 2,994 2,862
2,079 2,838 2,972 2,802 2,994 2,862 2,405 2,475 2,398 1,894 2,478 1,775 1,915 2,666 2,754 2,699 2,918 2,435 2,616 2,436 2,133 1,972 2,259 1,858 1,979 2,839 2,695 2,884 2,995 2,452 2,578 1,732 1,902 1,903 2,131 1,666
14,495 14,185 13,670 13,193 12,767 12,628 12,379 12,546
2,405 2,475 2,398
13,037 13,420 13,243
14,296
1,894 2,478
Number of Properties Sold
250
200
200
F
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
M
15 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
17 A M J
J
A S O N D
J
18
15
16
17
18
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
January Total Inventory was 13,395 of , Properties up 5.8 % from available 12,665 for last sale month as of and down
16,000
January
9.2 % from was 14,758 13,395 , in up January 5.8 % from of last 12,665 year last . January month and 2018 down
16,000
14,000
9.2
Inventory % from 14,758 was at in its January lowest of level last compared year . January with 2018 January of 2017
14,000
12,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
9.0
8.0
9.0
8.0
7.0
Inventory and 2016 was . at its lowest level compared with January of 2017
12,000
7.0
10,000 and 2016 .
10,000
6.0
8,000
5.0
8,000
6,000
A comparatively lower MSI is more beneficial for sellers while a
4.0
6,000
A comparatively lower MSI is more beneficial for sellers while a
3.0 higher MSI is better for buyers . The January 2018 MSI of 8.0
4,000 higher MSI is better for buyers . The January 2018 MSI of 8.0
4,000
2.0 months was at a mid level compared with January of 2017 and
2,000 months was at a mid level compared with January of 2017 and
2,000
1.0
2016 .
0
2016 .
0
0.0
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 J
15
16
17
18
15
16
17
18
6.0
5.0
4.0
3.0
2.0
1.0
0.0
14,495 14,185 13,670 13,193 12,767 12,628 12,379 12,546 13,037 13,420
1,775 1,915 2,666 2,754 2,699 2,918 2,435 2,616
14,915 13,243 14,997 14,801 14,361 13,923 13,566 13,169 13,336 13,450 13,959 13,788 14,758 14,853 14,650 14,427 13,805 13,437 12,995 12,691 12,401 12,773
2,436 2,133 1,972 2,259 1,858 1,979 2,839 2,695 2,884
14,296 14,915 14,997 14,801 14,361 13,923 13,566 13,169 13,336 13,450 13,959 13,788 14,758 14,853 14,650 14,427 13,805 13,437 12,995 2,995
3 Mo Avg
2,452 2,578
12,944 12,665 13,395 1,732 1,902 1,903
12,691 12,401 12,773 12,944 12,665
3 Mo Avg
2,131
13,395
1,666
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
116 | 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 .