FL ARCHIVED January 2018 | Page 128

Market Action Report
January 2018
Palm
Beach
Gardens
Market Action Report
City: Palm Beach Gardens
Agent Name
Title
Phone
Agent
Name
Website
Title Other
January 2018
Community Information | School District
City: Palm Beach Gardens
180
January Property sales were 89, down 10.1% from 99 in January
of 2017 and 24.6% lower than the 118 sales last month. January 160
Property
2018 sales Sales
were at their lowest level compared to January of 180 140
January
Property
were YTD
89, down
10.1%
from
99 in January
2017 and
2016. sales
January
sales of
89 are
running
10.1%
of behind
2017 and
than the sales
118 sales
last month. January 160 120
last 24.6%
year's lower
year-to-date
of 99.
2018 sales were at their lowest level compared to January of
140 100
600
18
3 Mo Avg
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
18
F 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
15
16
17
18
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
12.0
12.0
600
400
A comparatively lower MSI is more beneficial for sellers while a 400
A higher
comparatively
lower MSI
is more The
beneficial
for 2018
sellers MSI
while
MSI is better
for buyers.
January
of a 7.9
200
higher
MSI
is better
for level
buyers.
The January
2018 MSI of of 2017
7.9 and 200
months
was
at a mid
compared
with January
months
was
at
a
mid
level
compared
with
January
of
2017
and
0
2016.
0
2016.
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
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
15
16
17
15
16
17
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
128 | c
.
112
17
800
16
Median Sales Price and Average Sales Price
10.0
Inventory & MSI
15
800
750
700
650
600
550
500
450
400
350
300
The Total Inventory
Inventory
& MSI of Properties available for sale as of
1,000
January
was 702, up
8.8% from available
645 last for
month
and
The
Total Inventory
of Properties
sale as
of down 15.6%
from 832
January
of last
year.
January
2018
was 1,000
January
was in 702,
up 8.8%
from
645 last
month
and Inventory
down 15.6%
800
from
in January
of last year.
January
2018
Inventory
was
at its 832
lowest
level compared
with
January
of 2017
and 2016.
at its lowest level compared with January of 2017 and 2016.
Prices
650
600
550
500
450
400
350
300
3 Mo Avg
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
15
16
17
18
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
Median Sales Price and Average Sales Price
3 Mo Avg
0
from $636,413 last month. January 2018 ASP was at a mid
range compared to January of 2017 and 2016.
0
20
The Median Sales Price in January was $395,000, up 4.6% from
Prices
$377,500 in January of 2017 and down 0.5% from $397,000
The
in January
was $395,000,
4.6%
from
last Median
month. Sales
The Price
Average
Sales Price
in January up
was
$595,468,
800
$377,500
in January
of 2017 and
down 0.5%
from and
$397,000
down 5.3%
from $629,052
in January
of 2017
down 6.4%
750
last
month.
The Average
Sales January
Price in January
was
$595,468,
from
$636,413
last month.
2018 ASP
was
at a mid
700
down
5.3%
from
$629,052
in
January
of
2017
and
down
6.4%
range compared to January of 2017 and 2016.
20
40
40
60
60
80 80
100 120
Number of Properties Sold
2017 and 2016. January YTD sales of 89 are running 10.1%
behind last year's year-to-date sales of 99.
3 Mo Avg
January Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
January Month's Supply of Inventory
-5%
4%
0%
27%
-1%
$219 -4% 2% -5% 0%
$219
-5%
0%
7.9 44% 26% -6% 27%
7.9
-6%
27%
Number of 91.4%
Properties
91.4% -1.0% -.9% -.8% -1.0%
-1% Sold -1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
January Sale Price vs List Price Ratio
January Sold Price per Square Foot
January Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
January Sold Price per Square Foot
January Average Days on Market (Solds)
January Number of Properties Sold
5%
89
-5%
80
Asking Price per Square Foot (based on New Listings)
-1%
-1%
-5%
-10% -1%
-14% -1%
4%
$257
0%
89 -10%
0%
$219
-5%
80 -14%
-5%
27%
7.9
-6%
$257
0%
4%
-1.0%
91.4%
-1%
January Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
$395,000
$595,468
-5%
January Average Sales Price
January
Sales
Price
January Med