Florida Market Viewpoint June 2017 - Page 120

Market Action Report City: Boca Raton Boca Raton Agent Name Title Phone Agent Name Website Title Other June 2017 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 $474,000 2% 19% Other $971,309 Trending 0% versus*: 17% Month LM 10% L3M 8% PYM 3% LY $345,000 $474,000 2% 7% 3% 19% 1% $486,595 $971,309 2,415 0% -3% 17% -22% $345,000 485 10% -1% 8% 3% -7% 13% $486,595 7% 3% 1% 7% 93 -2% -1% -11% 2,415 -3% -22% $229 -4% 0% 2% 485 -1% -7% $204 4% 3% 1% 93 -2% -1% -11% -2% 5.0 -2% -11% -16% $229 -4% 0% 2% 2% 91.9% .5% .4% -.5% 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 Trending versus*: Prior YTD 4% Prior Year 4% 13% YTD $318,250 7% $477,839 0% 5% $318,250 2,574 4% $477,839 0% -2% 94 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 Prices month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. 14 455 15 600 16 355 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 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 Median Sales Price and Average Sales Price 0 The Median Sales Price in June was $345,000, up 3.0% from Prices $335,000 in June of 2016 and up 9.5% from $315,000 last The Median Sales Price Sales in June was in $345,000, 3.0% from up 0.8% month. The Average Price June was up $486,595, 600 $335,000 in June in of June 2016 of and up 9.5% from $315,000 last from $482,705 2016 and up 7.3% from $453,495 last month. Average Price June was $486,595, up 0.8% month. The June 2017 Sales ASP was at in the highest level compared to 550 from in June of 2016 and up 7.3% from $453,495 last June $482,705 of 2016 and 2015. 0 100 100 200 200 300 3 Mo Avg 300 400 3 Mo Avg Number of Properties Sold 500 -1% 4% 3% -11% -0% $204 4% 3% 1% 6% $199 2% 3% 5.0 -2% -11% -16% -33% 6.6 -14% -11% of 91.6% Properties 91.9% .5% .4% -.5% Number -.1% -1% Sold -0% 700 June Property sales were 485, down 7.1% from 522 in June of 2016 and 1.0% lower than the 490 sales last month. June 2017 600 Property sales were Sales at their lowest level compared to June of 2016 and 700 June Property sales sales were of 485, down from 0.9% 522 in behind June of last 500 2015. June YTD 2,574 are 7.1% running 2016 and 1.0% lower than 490 sales last month. June 2017 600 year's year-to-date sales the of 2,597. 400 sales were at their lowest level compared to June of 2016 and 2015. June YTD sales of 2,574 are running 0.9% behind last year's year-to-date sales of 2,597. -1% 4% -4% 5% 4% 2% -1% -14% 4% -1% 2% $234 2,574 -1% 6% $199 94 -4% -33% 6.6 $234 4% -.1% 91.6% * 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 Trending versus*: Prior YTD Prior Year YTD Market Action Report City: Boca Raton June 2017 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 550 500 500 450 450 400 400 350 350 300 300 250 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 250 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 2,500 2,000 2,000 1,500 A comparatively lower MSI is more beneficial for sellers while 1,500 a 1,000 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 5.0 a higher MSI is better for level buyers. The June 2017 MSI of of 2016 5.0 and months was at a mid compared with June months 2015. was at a mid level compared with June of 2016 and 2015. 1,000 500 0 10.0 8.0 6.0 2.0 0 0.0 10.0 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 . 12.0 4.0 500 14 120 | c 12.0 lowest level compared with June of 2016 and 2015. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of June 3,500 was Total 2,415, down 3.2% from 2,496 last month and 22.0% The Inventory of Properties available for sale as down of June from 3,096 in June last 2,496 year. last June 2017 and Inventory was at its 3,500 3,000 was 2,415, down 3.2% of from month down 22.0% from 3,096 in compared June of last with year. June June was at its lowest level of 2017 2016 Inventory and 2015. 3,000 2,500 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 Ar ea 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.