Florida Market Viewpoint July 2017 - Page 134

Market Action Report July 2017 West Palm Beach Market Action Report City: West Palm Beach Agent Name Title Phone Agent Name Website Title Other July 2017 Community Information | School District City: West Palm Beach 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 $249,900 2% 14% Other $491,365 Trending -1% versus*: 35% Month LM -1% L3M 4% PYM 18% LY $207,200 $249,900 2% -3% -1% 14% 10% $245,819 $491,365 2,022 -1% -4% 35% -13% $207,200 352 -1% -19% 4% 18% -3% 22% $245,819 -3% -1% 10% 9% 76 -16% -10% -13% 2,022 -4% -13% $173 4% 3% 12% 352 -19% -3% $151 0% 1% 10% 76 -16% -10% -13% -11% 5.7 18% 10% -10% $173 4% 3% 12% 2% 92.9% -.3% .1% .3% 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 $151 0% 1% 10% 5.7 18% 10% -10% 92.9% -.3% .1% .3% 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 600 July Property sales were 352, down 3.3% from 364 in July of 2016 and 18.7% lower than the 433 sales last month. July 2017 500 Property sales were Sales at their lowest level compared to July of 2016 and 600 July Property sales sales were of 352, down from 1.6% 364 in July of of last 2015. July YTD 2,717 are 3.3% running ahead 400 2016 and 18.7% lower sales than of the 2,675. 433 sales last month. July 2017 year's year-to-date 500 14 3 Mo Avg 16 443 15 300 280 260 240 220 200 180 160 140 120 100 17 Median Sales Price and Average Sales Price 3 Mo Avg 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 1,500 1,500 A comparatively lower MSI is more beneficial for sellers while a 1,000 A higher comparatively lower MSI is more The beneficial for sellers while MSI is better for buyers. July 2017 MSI of 5.7 a 1,000 500 higher MSI is better for level buyers. The July with 2017 MSI of of 2016 5.7 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 10.0 2,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 10.0 8.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of July 3,000 was Total 2,022, down 4.0% from 2,107 last month and down The Inventory of Properties available for sale as of July 12.9% from 2,322 in July of from last year. July month 2017 Inventory was at its 3,000 2,500 was 2,022, down 4.0% 2,107 last and down 12.9% from 2,322 in compared July of last with year. July July of 2017 Inventory was at its lowest level 2016 and 2015. 2,500 2,000 lowest level compared with July of 2016 and 2015. 6.0 4.0 2.0 0.0 8.0 6.0 4.0 2.0 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 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 . 398 Prices 134 | c 3 Mo Avg 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 0 240 220 200 180 160 140 120 100 0 100 last month. July 2017 ASP was at the highest level compared to July of 2016 and 2015. 200 100 The Median Sales Price in July was $207,200, up 18.4% from Prices $175,000 in July of 2016 and down 0.6% from $208,500 last The Median Sales Price Sales in July Price was $207,200, 18.4% from month. The Average in July was up $245,819, up 10.3% 300 $175,000 in July of and down 0.6% from $208,500 last from $222,768 in 2016 July of 2016 and down 2.9% from $253,080 280 month. The Average Sales Price in at July $245,819, up 10.3% to last month. July 2017 ASP was the was highest level compared 260 from $222,768 in July of 2016 and down 2.9% from $253,080 July of 2016 and 2015. -1% 6% 7% -8% -0% 200 300 2% $179 2,717 2% 10% $147 84 -2% -12% 6.0 $179 14% -.2% 92.8% 2% 8% -2% 9% 14% 9% -1% -11% 6% -0% 300 400 $184,000 2,717 12% $244,897 9% -11% 84 Number of Properties Sold sales were at their lowest level compared to July of 2016 and 2015. July YTD sales of 2,717 are running 1.6% ahead of last year's year-to-date sales of 2,675. Trending versus*: Prior YTD 12% Prior Year 8% 22% YTD $184,000 9% $244,897 9% 9% 10% $147 9% 7% -12% 6.0 -11% -8% Number of 92.8% Properties -.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 Trending versus*: Prior YTD Prior Year YTD 17 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 N aples 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.