Florida Market Viewpoint June 2017 - Page 124

Market Action Report City: Delray Beach June 2017 Delray Beach Agent Name Title Phone Agent Name Website Title Other June 2017 City: Delray 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 $249,900 0% -0% Other $549,549 Trending 1% versus*: 6% Month LM -10% L3M 0% PYM 2% LY $183,000 $249,900 0% -15% -8% -0% -9% $307,834 $549,549 1,563 1% -5% 6% -11% $183,000 311 -10% -8% 0% 2% -12% 12% $307,834 -15% -8% -9% -8% 89 -9% 1% -5% 1,563 -5% -11% $196 -3% 1% 12% 311 -8% -12% $162 -11% -5% 0% 89 -9% 1% -5% 2% 5.0 3% 1% 1% $196 -3% 1% 12% 6% 90.3% -.9% -.9% .3% 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 14% Prior Year 12% 12% YTD $183,000 -8% $335,145 -2% 0% $183,000 1,850 14% $335,145 -2% 2% 88 6% $195 1,850 4% 2% $170 88 7% -22% 6.1 $195 7% -1.2% 91.2% 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 450 June Property sales were 311, down 12.4% from 355 in June of 400 2016 and 8.0% lower than the 338 sales last month. June 2017 Property sales were Sales at their lowest level compared to June of 2016 and 450 350 June Property sales sales were of 311, down 12.4% from 3.7% 355 in June of of last 2015. June YTD 1,850 are running ahead 400 300 2016 and 8.0% lower sales than the 338 sales last month. June 2017 year's year-to-date of 1,784. sales were at their lowest level compared to June of 2016 and 350 250 3 Mo Avg 3 Mo Avg 300 200 294 0 50 Prices 14 450 15 16 247 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 $183,000, up 1.7% from Prices $180,000 in June of 2016 and down 9.6% from $202,500 last The Median Sales Price Sales in June was in $183,000, 1.7% from down month. The Average Price June was up $307,834, 450 $180,000 in $338,715 June of 2016 and of down 9.6% $202,500 last 9.1% from in June 2016 and from down 15.4% from month. The last Average Sales Price in June down 400 $363,912 month. June 2017 ASP was was $307,834, at a mid range 9.1% from $338,715 2016 and down 15.4% from compared to June in of June 2016 of and 2015. 50 100 250 150 200 100 150 $363,912 last month. June 2017 ASP was at a mid range compared to June of 2016 and 2015. 1% 5% 8% -5% -0% Number of Properties Sold 2015. June YTD sales of 1,850 are running 3.7% ahead of last year's year-to-date sales of 1,784. 4% 12% 7% 0% 7% 6% 1% -6% 5% 0% $162 -11% -5% 0% 2% $170 6% 8% 5.0 3% 1% 1% -22% 6.1 -6% -5% Number of 91.2% Properties 90.3% -.9% -.9% .3% -1.2% 0% Sold -0% * 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 3 Mo Avg 17 Median Sales Price and Average Sales Price 400 3 Mo Avg 350 350 300 300 250 250 200 200 150 150 100 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 100 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 1,500 10.0 10.0 2,000 mid 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 8.0 Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of June 2,500 was Total 1,563, down 5.1% from 1,647 last month and as down 11.1% The Inventory of Properties available for sale of June from 1,758 in June last 1,647 year. last June 2017 and Inventory was at a 2,500 was 1,563, down 5.1% of from month down 11.1% 2,000 from June of last year. 2017 and Inventory mid 1,758 level in compared with June June of 2016 2015. was at a 6.0 A comparatively lower MSI is more beneficial for sellers while 1,000 a 4.0 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 5.0 a 500 higher MSI is better for buyers. June 2017 MSI of 5.0 2.0 months was at its highest level The compared with June of 2016 and 500 months 0 2015. was at its highest level compared with June of 2016 and 0 0.0 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 124 | c . 8.0 6.0 4.0 2.0 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.