FL ARCHIVED July 2017 - Page 120

Market Action Report City: Boca Raton Boca Raton Agent Name Title Phone Agent Name Website Title Other July 2017 Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $450,000 -2% 10% Other $957,734 Trending -1% versus*: 16% Month LM 7% L3M 11% PYM 15% LY $366,000 $450,000 -2% 8% 9% 10% 24% $525,181 $957,734 2,365 -1% -4% 16% -21% $366,000 376 7% -25% 11% 15% -16% 20% $525,181 8% 9% 24% 15% 93 0% 0% 2% 2,365 -4% -21% $232 2% 0% 6% 376 -25% -16% $210 2% 4% 11% 93 0% 0% 2% -3% 6.3 28% 15% -6% $232 2% 0% 6% 3% 91.5% -.4% -.1% -.9% Average List Price of all Current Listings Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) July Sales Price July Median Number of Properties Sold July Average Sales Price July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) July Number of Properties Sold July Sold Price per Square Foot July Average Days on Market (Solds) July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sale Price vs List Price Ratio July Sold Price per Square Foot Trending versus*: Prior YTD 7% Prior Year 7% 20% YTD $325,000 15% $482,667 2% 6% $325,000 2,978 7% $482,667 2% -3% 94 July Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales Prices month. July 2017 ASP was at the highest level compared to July of 2016 and 2015. 14 600 423 15 16 415 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 14 15 16 17 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 Median Sales Price and Average Sales Price M J J 3 Mo Avg 0 The Median Sales Price in July was $366,000, up 15.5% from Prices $316,945 in July of 2016 and up 7.1% from $341,750 last The Median Sales Price Sales in July Price was $366,000, 15.5% from month. The Average in July was up $525,181, up 24.4% 600 $316,945 in July in of 2016 up 7.1% from $341,750 last from $422,151 July of and 2016 and up 8.3% from $484,790 last month. Average Sales was Price was $525,181, up 24.4% 550 month. The July 2017 ASP at in the July highest level compared to July from $422,151 in July of 2016 and up 8.3% from $484,790 last of 2016 and 2015. 0 100 100 200 200 300 3 Mo Avg 300 400 3 Mo Avg Number of Properties Sold 500 -2% 4% 4% -11% -0% $210 2% 4% 11% 9% $200 3% 4% 6.3 28% 15% -6% -15% 6.6 -13% -11% of 91.6% Properties 91.5% -.4% -.1% -.9% Number -.6% -1% Sold -0% 700 July Property sales were 376, down 15.7% from 446 in July of 2016 and 25.4% lower than the 504 sales last month. July 2017 600 Property sales were Sales at their lowest level compared to July of 2016 and 700 July Property sales sales were of 376, down from 2.1% 446 in July of 500 2015. July YTD 2,978 are 15.7% running behind last 2016 and 25.4% lower sales than of the 504 sales last month. July 2017 600 year's year-to-date 3,043. 400 sales were at their lowest level compared to July of 2016 and 2015. July YTD sales of 2,978 are running 2.1% behind last year's year-to-date sales of 3,043. -2% 7% -3% 6% 4% 3% -2% -13% 4% -1% 3% $233 2,978 -2% 9% $200 94 -3% -15% 6.6 $233 4% -.6% 91.6% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date July Month's Supply of Inventory Trending versus*: Prior YTD Prior Year YTD Market Action Report City: Boca Raton July 2017 17 Median Sales Price and Average Sales Price 550 3 Mo Avg 500 500 450 450 400 400 350 350 300 300 250 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 250 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 A 17 M J J A S 14 O N D J F M 14 15 16 17 2,500 2,000 2,000 12.0 lowest level compared with July of 2016 and 2015. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 1,500 A comparatively lower MSI is more beneficial for sellers while 1,500 a 1,000 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 6.3 a 1,000 500 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 6.3 and 2015. months was at a mid compared July 500 months was at a mid level compared with July of 2016 and 2015. 0 0 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 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 14 15 16 17 14 15 16 17 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 120 | c . 12.0 10.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of July 3,500 was Total 2,365, down 4.2% from 2,468 last month and down The Inventory of Properties available for sale as of July 20.7% from 2,982 in July last 2,468 year. last July month 2017 Inventory was at its 3,500 3,000 was 2,365, down 4.2% of from and down 20.7% from 2,982 in compared July of last with year. July July of 2017 Inventory was at its lowest level 2016 and 2015. 3,000 2,500 8.0 6.0 4.0 2.0 0.0 10.0 8.0 6.0 4.0 2.0 0.0 M J J Data provided courtesy of d Greater Miami Association of REALTORS, Florida MLS, Regional MLS, Board of REALTORS, REALTORS of Association of the Palm Beaches, Space Coast Asso o of l Greater w Fort e Fort l Lauderdale l Lauderdale b a REALTORS, n k REALTORS, e r REALTOR h o REALTOR m Association e s Association c of o Martin m of Martin Data is is provided courtesy 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 REAL does warrant or guarantee accuracy of information. this information. It is responsibility the respon sibility 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.