FL ARCHIVED June 2017 | Page 118

Market Action Report
June 2017
Palm
Beach
County
Market Action Report
County: Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
June 2017
County: Palm 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
$372,000
0%
11%
Other
$850,930 Trending
-3% versus*:
17%
Month
LM 5%
L3M 7%
PYM 9%
LY
$290,000
$372,000
0% 3% 3%
11% 3%
$424,580
$850,930
-3% -3% 17% -18%
12,231
$290,000 2,686
5% -5%
7% 9% -8%
16%
$424,580 3%
3%
3%
13%
89 -2% 0% -2%
12,231 -3%
-18%
$209 -1% -3% 7%
2,686 -5%
-8%
$192 0% 2% 6%
89 -2% 0% -2% 0%
4.6 2% -5% -11%
$209 -1% -3% 7% 0%
92.5% .1% .1% -.1%
Average List Price of all Current Listings
Market
Profile
& Trends
June Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
June Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
June
Sales
Price
June Median
Number
of Properties
Sold
June Average Sales Price
June Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
June Number of Properties Sold
June Sold Price per Square Foot
June Average Days on Market (Solds)
June Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
June Sale Price vs List Price Ratio
June Sold Price per Square Foot
$192 0%
4.6 2%
92.5% .1%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
June Month's Supply of Inventory
June 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
Trending versus*:
Prior YTD 7%
Prior Year 6%
16% YTD
$265,000
13%
$412,266
5%
10%
$265,000 14,759
7%
$412,266
5%
0%
89
0% 6%
1% 10%
7%
7%
0%
-10%
4%
-0%
0%
$219
14,759
0%
11%
$187
89
1%
-29%
5.9
$219
7%
-.4%
92.5%
0%
4%
7%
-7%
-0%
2% 6% 11%
$187
7%
7%
-5% -11% -29%
5.9 -10%
-7%
of 92.5%
Properties
.1% -.1% Number
-.4%
-0% Sold -0%
3,500
June Property sales were 2,686, down 7.9% from 2,917 in June
of 2016 and 4.8% lower than the 2,820 sales last month. June
3,000
Property
2017 sales Sales
were at their lowest level compared to June of 2016 3,500
June
sales
were
2,686,
down 7.9%
from 2,917
in June
2,500
and Property
2015. June
YTD
sales
of 14,759
are running
0.3%
ahead of
of last
2016
and year-to-date
4.8% lower than
the of 2,820
sales last month. June
3,000
year's
sales
14,717.
2,000
2017 sales were at their lowest level compared to June of 2016
and 2015. June YTD sales of 14,759 are running 0.3% ahead of
last year's year-to-date sales of 14,717.
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
Number of Properties Sold
3 Mo Avg
2,500
1,500
2,000
1,000
Prices
14
The Median Sales Price in June was $290,000, up 9.4% from
450
Prices
$265,000 in June of 2016 and up 5.5% from $275,000 last
The
Median
Sales
Price Sales
in June
was in
$290,000,
9.4% from up 3.1%
month.
The
Average
Price
June was up
$424,580,
450 400
$265,000
in June
2016 of and
up and
5.5%
last
from $411,771
in of
June
2016
up from
3.2% $275,000
from $411,290
last
month.
Average
Price
June
was $424,580,
up 3.1%
month. The
June
2017 Sales
ASP was
at in the
highest
level compared
to
400 350
from
June
of 2016 and up 3.2% from $411,290 last
June $411,771
of 2016 in and
2015.
350
300
250
200
Inventory & MSI
15
16
250
200
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
15 A M J J A S O N D J F M 16
J A 14
S O N D J F M
A M J J A S O N D J F M A 17 M J
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
10.0
10.0
0
8.0
6.0
4.0
2.0
0.0
8.0
6.0
4.0
2.0
0.0
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 A S O N D J F M A M J
14
15
16
17
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
.
3 Mo Avg
300
14
118 | c
3 Mo Avg
17
Median Sales Price and Average Sales Price
The Total Inventory
Inventory
& MSI of Properties available for sale as of June
18,000
was Total
12,231,
down 3.1%
from 12,616
last month
The
Inventory
of Properties
available
for sale and
as of down
June 17.8%
16,000
18,000
from
14,871
in June
last 12,616
year. last
June
2017 and
Inventory
was at its
was
12,231,
down
3.1% of
from
month
down 17.8%
14,000
from
14,871
June of last
year.
June
lowest
level in compared
with
June
of 2017
2016 Inventory
and 2015. was at its 16,000
14,000
12,000
lowest level compared with June of 2016 and 2015.
12,000
10,000
10,000 8,000
A comparatively lower MSI is more beneficial for sellers while a 8,000 6,000
6,000 4,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
June 2017
MSI while
of 4.6 a
4,000 2,000
higher
MSI
is better
for buyers.
June 2017
of 4.6
months
was
at its lowest
level The
compared
with MSI
June
of 2016 and
2,000
months
0
2015. was at its lowest level compared with June of 2016 and
2015.
2,475
2,405
1,915
1,771
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
14
15
16
17
J A S O N D J F M Median
A M J J Sales
A S O Price
N D J and
F M A Average
M J J A Sales
S O N Price
D J F M A M J
0
month. June 2017 ASP was at the highest level compared to
June of 2016 and 2015.
0
500
500
1,000
1,500
17
Data
provided
courtesy
of
Fort
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
d Greater
w Fort
el
l Lauderdale
ban
k REALTORS,
erh
o REALTOR
m Association
e s Association
co
m of Martin
Data
is is
provided
courtesy
Lauderdale
REALTORS,
REALTOR
of Martin
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.