FL ARCHIVED July 2017 - Page 130

Market Action Report July 2017 Palm Beach Gardens Market Action Report City: Palm Beach Gardens Agent Name Title Phone Agent Name Website Title Other July 2017 Community Information | School District City: Palm Beach Gardens Trending versus*: L3M PYM LY 3 Mo Avg Prices 14 700 650 15 16 138 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 last month. July 2017 ASP was at the highest level compared to July of 2016 and 2015. 0 20 The Median Sales Price in July was $407,500, up 17.1% from Prices $348,000 in July of 2016 and down 4.7% from $427,500 last The Median Sales Price Sales in July Price was $407,500, 17.1% from up 16.1% month. The Average in July was up $582,904, 700 $348,000 in July in of July 2016 of and down from $427,500 last from $501,943 2016 and 4.7% down 14.5% from $681,732 650 month. The Average Sales Price in at July $582,904, up 16.1% to last month. July 2017 ASP was the was highest level compared from in July of 2016 and down 14.5% from $681,732 July $501,943 of 2016 and 2015. 600 20 40 40 60 60 80 80 100 120 2015. July YTD sales of 907 are running 0.9% ahead of last year's year-to-date sales of 899. Number of Properties Sold 180 July Property sales were 114, down 15.6% from 135 in July of 160 2016 and 21.9% lower than the 146 sales last month. July 2017 Property sales were Sales at their lowest level compared to July of 2016 and 180 140 July Property sales sales were of 114, down from 135 ahead in July of of last 2015. July YTD 907 are 15.6% running 0.9% 160 120 2016 and 21.9% lower sales than of the 899. 146 sales last month. July 2017 year's year-to-date sales were at their lowest level compared to July of 2016 and 140 100 3 Mo Avg 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 4% 2% 9% 3% -1% $213 -6% -3% 6% 4% $223 12% 9% 7.0 21% 17% 13% 1% 7.1 1% 3% of 92.1% Properties 92.7% 1.6% .9% 1.0% Number -.1% -0% Sold -1% * 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 1% 8% 7% 19% 6% 12% 4% 1% 2% -0% July Sale Price vs List Price Ratio July Sold Price per Square Foot July Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) July Sold Price per Square Foot July Average Days on Market (Solds) July Number of Properties Sold -1% 4% 1% -.1% Asking Price per Square Foot (based on New Listings) 13% 907 23% 102 $249 907 1% $223 102 7% 7.1 $249 6% 92.1% July Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) $400,000 $612,440 -12% July Average Sales Price July Sales Price July Median Number of Properties Sold 124 Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) Trending versus*: Prior YTD 13% Prior Year 8% 10% YTD $400,000 14% $612,440 23% 19% Market Profile & Trends July Median Sales Price Overview Median List Price of all Current Listings July Average Sales Price $595,000 1% 10% Other $1,015,852 Trending -0% versus*: 10% Month LM -5% L3M 0% PYM 17% LY $407,500 $595,000 1% -14% -4% 10% 16% $582,904 $1,015,852 803 -0% -5% 10% -4% $407,500 114 -5% -22% 0% 17% -16% 10% $582,904 -14% -4% 16% 14% 86 -15% -17% -5% 803 -5% -4% $240 1% 0% 5% 114 -22% -16% $213 -6% -3% 6% 86 -15% -17% -5% -12% 7.0 21% 17% 13% $240 1% 0% 5% -1% 92.7% 1.6% .9% 1.0% Average List Price of all Current Listings Trending versus*: Prior YTD Prior Year YTD LM Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con Price Range: All | Properties: SFH - Con 17 Median Sales Price and Average Sales Price 3 Mo Avg 600 550 550 500 500 450 450 400 400 350 350 300 Inventory & MSI A comparatively lower MSI is more beneficial for sellers while a 600 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 12.0 12.0 The Total Inventory Inventory & MSI of Properties available for sale as of July 1,200 was Total 803, Inventory down 5.4% from 849 last month The of Properties available for and sale down as of 4.2% July from 838 803, in July of 5.4% last year. July last 2017 Inventory was 4.2% at a mid was down from 849 month and down from level 1,200 1,000 838 in July of last July year. of July 2017 compared with 2016 and Inventory 2015. was at a mid level 1,000 800 compared with July of 2016 and 2015. 800 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 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 17 600 400 400 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 7.0 a 200 higher MSI is better for buyers. July 2017 MSI July of 7.0 months was at its highest level The compared with of 2016 and 200 months was at its highest level compared with July of 2016 and 0 2015. 0 2015. 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 130 | c . 10.0 300 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 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.