Florida MVP - ARCHIVE July 2017 - Page 124

Market Action Report City: Delray Beach July 2017 Delray Beach Agent Name Title Phone Agent Name Website Title Other July 2017 City: Delray 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 Trending versus*: Prior YTD Prior Year YTD $274,975 10% 4% Other $562,444 Trending 1% versus*: 3% Trending versus*: Month LM -18% L3M -17% PYM -23% LY -9% YTD Prior YTD 8% Prior Year $148,500 $176,250 $274,975 10% -1% -8% 4% -30% -10% $299,555 $328,648 -7% $562,444 1,550 1% -3% 3% -9% $148,500 289 -18% -13% -17% -23% -3% -9% $176,250 2,168 8% 4% 8% $299,555 -1% -8% -30% -10% $328,648 -7% 85 -2% -4% -9% -2% 87 4% -1% 1,550 -3% -9% $187 -4% -3% -8% 1% $194 5% 289 -13% -3% 2,168 4% $159 -1% -6% -8% 0% $168 3% 85 -2% -4% -9% -2% 87 4% 0% 5.4 11% 6% -7% -17% 6.0 -6% $187 -4% -3% -8% 1% $194 5% 5% 90.3% -.1% -.4% -1.8% -1.2% 91.1% -0% 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 8% -1% 0% 5% 6% -7% -0% $159 -1% -6% -8% 0% $168 3% 6% 5.4 11% 6% -7% -17% 6.0 -6% -7% Number of 91.1% Properties 90.3% -.1% -.4% -1.8% -1.2% -0% Sold -0% * 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 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 450 July Property sales were 289, down 2.7% from 297 in July of 400 2016 and 12.7% lower than the 331 sales last month. July 2017 Property sales were Sales at their lowest level compared to July of 2016 and 450 350 July Property sales sales were of 289, down from 4.2% 297 in ahead July of 2015. July YTD 2,168 are 2.7% running of last 400 300 2016 and 12.7% lower sales than of the 2,081. 331 sales last month. July 2017 year's year-to-date sales were at their lowest level compared to July of 2016 and 350 250 3 Mo Avg 300 200 286 0 50 Prices 14 450 15 16 327 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 $148,500, down 23.1% from Prices $193,000 in July of 2016 and down 17.5% from $180,000 last The Median Sales Price Sales in July Price was $148,500, 23.1% from month. The Average in July was down $299,555, down 450 $193,000 in July of 2016 in and down 17.5% and from $180,000 last 30.2% from $429,020 July of 2016 down 1.3% from month. The last Average Sales Price in July down 400 $303,486 month. July 2017 ASP was was $299,555, at a mid range 30.2% from to $429,020 in July of 2016 compared July of 2016 and 2015. and down 1.3% from 50 100 250 150 200 100 150 $30 3,486 last month. July 2017 ASP was at a mid range compared to July of 2016 and 2015. Number of Properties Sold 2015. July YTD sales of 2,168 are running 4.2% ahead of last year's year-to-date sales of 2,081. 3 Mo Avg Market Action Report 17 Median Sales Price and Average Sales Price 400 3 Mo Avg 350 350 300 300 250 250 200 200 150 150 100 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 100 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 1,500 10.0 10.0 2,000 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 A comparatively lower MSI is more beneficial for sellers while 1,000 a A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 5.4 a 500 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 5.4 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 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 124 | c . 8.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of July 2,500 was Total 1,550, down 3.4% from 1,605 last month and 9.2% The Inventory of Properties available for sale as down of July 2,500 from 1,707 in July last year. July month 2017 Inventory was at a mid was 1,550, down 3.4% of from 1,605 last and down 9.2% 2,000 from in July with of last year. July 2017 Inventory was at a mid level 1,707 compared July of 2016 and 2015. 6.0 4.0 2.0 0.0 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 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.