Florida Market Viewpoint June 2017 - Page 122

Market Action Report June 2017 Boynton Beach Market Action Report City: Boynton Beach Agent Name Title Phone Agent Name Website Title Other June 2017 City: Boynton 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 $262,450 1% 1% Other $320,700 Trending -1% versus*: -6% Month LM 3% L3M 6% PYM 16% LY $255,000 $262,450 1% -1% 6% 1% 19% $291,646 $320,700 1,364 -1% -3% -6% -18% $255,000 382 3% 6% 6% 16% 3% 11% $291,646 -1% 6% 19% 15% 85 -4% -4% 10% 1,364 -3% -18% $165 1% 2% 4% 382 6% 3% $160 1% 6% 17% 85 -4% -4% 10% 4% 3.6 -9% -11% -21% $165 1% 2% 4% 6% 93.2% .1% .5% .4% 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 $160 1% 6% 17% 3.6 -9% -11% -21% 93.2% .1% .5% .4% June Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Y ear / LY=Last Year (2016) / YTD = Year-to-date Property Sales 450 June Property sales were 382, up 2.7% from 372 in June of 2016 and 6.4% higher than the 359 sales last month. June 2017 sales 400 Property Sales were at a mid level compared to June of 2016 and 2015. June 450 350 June 382, up 2.7% 372 June of 2016 YTD Property sales of sales 1,937 were are running 3.9% from ahead of in last year's year-to- and 6.4% higher than the 359 sales last month. June 2017 sales 400 300 date sales of 1,865. were at a mid level compared to June of 2016 and 2015. June 350 250 4% 3% 7% 7% 2% 10% 7% -10% 3% 0% 6% $159 1,937 4% 15% $150 88 7% -37% 5.2 $159 2% -.1% 92.7% 7% 3% 7% -7% -1% 3 Mo Avg 3 Mo Avg 300 200 322 0 50 50 100 250 150 200 100 150 Prices 14 The Median Sales Price in June was $255,000, up 15.9% from Prices $220,000 in June of 2016 and up 2.8% from $248,000 last 290 The Median Sales Price Sales in June was in $255,000, 15.9% from month. The Average Price June was up $291,646, up $220,000 in June of 2016 last 18.6% from $245,905 in and June up of 2.8% 2016 from and $248,000 down 0.8% from 290 270 month. The last Average Sales Price in June up level $293,859 month. June 2017 ASP was was $291,646, at the highest 270 250 18.6% from $245,905 June and of 2016 and down 0.8% from compared to June of in 2016 2015. $293,859 last month. June 2017 ASP was at the highest level 250 230 15 16 235 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 compared to June of 2016 and 2015. $237,000 1,937 5% $270,351 9% 4% 88 Number of Properties Sold YTD sales of 1,937 are running 3.9% ahead of last year's year-to- date sales of 1,865. Trending versus*: Prior YTD 5% Prior Year 3% 11% YTD $237,000 15% $270,351 9% 7% 15% $150 10% 7% -37% 5.2 -10% -7% Number of 92.7% Properties -.1% 0% Sold -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 Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 230 210 210 190 190 170 170 150 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 150 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 1,500 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) 1,000 1,000 A comparatively lower MSI is more beneficial for sellers while a 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of June 2,000 was Total 1,364, down 3.4% from 1,412 last month and 18.4% The Inventory of Properties available for sale as down of June from 1,671 in June last 1,412 year. last June 2017 and Inventory was at its 2,000 was 1,364, down 3.4% of from month down 18.4% from 1,671 in June of last with year. June June of 2017 Inventory was at its lowest level compared 2016 and 2015. 1,500 500 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 3.6 a 500 higher MSI is better for buyers. June 2017 of 3.6 months was at its lowest level The compared with MSI June of 2016 and months 0 2015. was at its lowest level compared with June of 2016 and 0 2015. 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 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 122 | c . 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 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.