Florida Market Viewpoint July 2017 - Page 122

Market Action Report July 2017 Boynton Beach Market Action Report City: Boynton Beach Agent Name Title Phone Agent Name Website Title Other July 2017 City: Boynton Beach 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 $274,900 6% 4% Other $328,618 Trending 4% versus*: -3% Month LM -1% L3M 3% PYM 4% LY $252,500 $274,900 6% -5% -3% 4% 1% $268,480 $328,618 1,337 4% -4% -3% -19% $252,500 278 -1% -30% 3% 4% -14% 10% $268,480 -5% -3% 1% 6% 75 -13% -13% -11% 1,337 -4% -19% $171 4% 4% 10% 278 -30% -14% $147 -6% -3% 2% 75 -13% -13% -11% -9% 4.8 37% 16% -5% $171 4% 4% 10% 10% 93.3% .2% .3% .4% 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 6% Prior Year 4% 10% YTD $238,500 6% $267,795 7% 6% $238,500 2,242 6% $267,795 7% -9% 87 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 3 Mo Avg Number of Properties Sold 3 Mo Avg 300 200 314 0 50 50 100 250 150 2 00 100 150 Prices 14 The Median Sales Price in July was $252,500, up 3.9% from Prices $243,000 in July of 2016 and down 1.0% from $255,000 last 290 The Median Sales Price Sales in July Price was $252,500, 3.9% from up 1.3% month. The Average in July was up $268,480, 270 $243,000 in July in of 2016 down 1.0% from $255,000 last from $264,999 July of and 2016 and down 5.4% from $283,849 290 month. The Average Sales Price in at July $268,480, up 1.3% to 250 last month. July 2017 ASP was the was highest level compared 270 from in July of 2016 and down 5.4% from $283,849 July $264,999 of 2016 and 2015. last month. July 2017 ASP was at the highest level compared to 250 230 15 16 343 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 July of 2016 and 2015. 6% 3% 6% -7% -1% $147 -6% -3% 2% 5% $149 9% 6% 4.8 37% 16% -5% -15% 5.2 -8% -7% of 92.8% Properties 93.3% .2% .3% .4% Number .0% 0% Sold -1% 450 July Property sales were 278, down 14.5% from 325 in July of 2016 and 30.2% lower than the 398 sales last month. July 2017 400 Property sales were Sales at their lowest level compared to July of 2016 and 450 350 July Property sales sales were of 278, down from 2.4% 325 in July of of last 2015. July YTD 2,242 are 14.5% running ahead 2016 and 30.2% lower sales than of the 398 sales last month. July 2017 400 300 year's year-to-date 2,190. sales were at their lowest level compared to July of 2016 and 350 250 2015. July YTD sales of 2,242 are running 2.4% ahead of last year's year-to-date sales of 2,190. 2% 4% 6% 6% 3% 9% 6% -8% 3% 0% 10% $160 2,242 2% 5% $149 87 6% -15% 5.2 $160 3% .0% 92.8% * 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 17 Median Sales Price and Average Sales Price 3 Mo Avg 230 210 210 190 190 170 170 150 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 150 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 1,500 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) 1,000 1,000 A comparatively lower MSI is more beneficial for sellers while a 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of July 2,000 was Total 1,337, down 4.4% from 1,399 last month and 19.0% The Inventory of Properties available for sale as down of July from 1,650 in July last 1,399 year. last July month 2017 and Inventory was at its 2,000 was 1,337, down 4.4% of from down 19.0% from 1,650 in compared July of last with year. July July of 2017 Inventory was at its lowest level 2016 and 2015. 1,500 500 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 4.8 a higher MSI is better for level buyers. The July with 2017 MSI of of 2016 4.8 and 2015. 500 months was at a mid compared July 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 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 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 122 | c . 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 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 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.