FL ARCHIVED January 2018 | Page 126

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

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
$ 1,295,000
5 %
10 %
Average List Price of all Current Listings
$ 3,964,415
4 %
10 %
January Median Sales Price
$ 1,650,000
202 % 108 % 219 % 119 %
$ 1,650,000
219 %
119 %
January Average Sales Price
$ 3,229,395
-12% 14 %
93 %
44 %
$ 3,229,395
93 %
44 %
Total Properties Currently for Sale ( Inventory )
440
6 %
-11%
January Number of Properties Sold
32
14 %
45 %
32
45 %
January Average Days on Market ( Solds )
187 -15% -1%
91 %
12 %
187
91 %
12 %
Asking Price per Square Foot ( based on New Listings )
$ 1,029
9 %
6 %
34 %
23 %
$ 1,029
34 %
23 %
January Sold Price per Square Foot
$ 888
41 %
25 %
45 %
35 %
$ 888
45 %
35 %
January Month ' s Supply of Inventory
13.8
-7% -10% -39%
-4%
13.8
-39%
-4%
January Sale Price vs List Price Ratio
84.2 % -3.9% -2.0% -8.6% -2.8%
84.2 %
-9%
-3%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Agent Name

Palm Beach Title

Phone Website Other

Community Information | School District

Property Sales
80
January Property sales were 32 , up 45.5 % from 22 in January of
2017 and 14.3 % higher than the 28 sales last month . January
70
Number of Properties Sold
3 Mo Avg
Property
2018 sales Sales were at their highest level compared to January of
80
January
2017 and Property 2016 . sales January were YTD 32 , up sales 45.5 of % 32 from are 22 running January 45.5 % of
2017 ahead and of 14.3 last % year higher ' s year-to-date than the 28 sales last of 22 month . . January
70
2018 sales were at their highest level compared to January of
2017 and 2016 . January YTD sales of 32 are running 45.5 %
60
60
50
40
ahead of last year ' s year-to-date sales of 22 .
50
30
40
20
30
10
20
0
10
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
F
M A M J
Prices
15
The Median Sales Price in January was $ 1,650,000 , up 218.8 %
3,700
Prices from $ 517,500 in January of 2017 and up 202.4 % from
The
$ 545,602 Median last Sales month Price . in The January Average was Sales $ 1,650,000 Price in , up January 218.8 % was
3,700
3,200 from
$ 3,229,395 $ 517,500 , up in 93.3 January % from of 2017 $ 1,670,532 and up 202.4 in January % from of 2017 and
$ down 545,602 11.8 last % from month $ . 3,662,442 The Average last Sales month Price . January in January 2018 was ASP
3,2002,700
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales 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
$ was 3,229,395 at the , highest up 93.3 % level from compared $ 1,670,532 to in January of of 2017 2017 and and 2016 . down 11.8 % from $ 3,662,442 last month . January 2018 ASP
2,7002,200
was at the highest level compared to January of 2017 and 2016 .
2,2001,700
1,200
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 20 17 25 28 32
1,7001,200
700
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 440 , up of Properties 6.3 % from available 414 last for month sale as and of down 11.3 %
January from 496 was in 440 January , up 6.3 of % last from year 414 . last January month 2018 and Inventory down 11.3 % was
600 at
600
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
30.0
25.0
from its lowest 496 in level January compared of last year with . January 2018 of 2017 Inventory and 2016 was . at its lowest level compared with January of 2017 and 2016 .
500
400
25.0
20.0
400
300
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 January 2018 MSI of 13.8 higher months MSI was is better at its lowest for buyers level . The compared January with 2018 January MSI of 13.8 of 2017
100 months and 2016 was
. at its lowest level compared with January of 2017 and 2016 .
0
15.0
200
10.0
100
5.0
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
10.0
5.0
0.0
515
700
502 33
515 468
53 502 427
73 468 408
55 427 398
66 408 390
33
398
433 390
395
460 455
433
395 31 46 39 30 460
482
500 33 28
Number of Properties Sold
25 50 48 46 47 26 32 28 15
455 475
482 463
500 423
475
383 362
463
345 423
351 383
393 362
345 432
351 464
393 496
432 499
495 464
462 496
431 499 394 495
368 462
370 431
360 394
385 368 428 370 414 360 440 385
22 24 22 30 48 43 55 50 32 30 20
428 17
414
3 Mo Avg
25
440 28 32
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
126 | 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 .