Florida Market Viewpoint 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.