Florida Market Viewpoint June 2017 - Page 128

Market Action Report City: Palm Beach June 2017 Palm Beach Agent Name Title Phone Agent Name Website Title Other June 2017 City: 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 $1,219,800 -3% 23% Other $3,659,294 Trending -5% versus*: 11% Month LM 54% L3M 22% PYM 24% LY $1,025,000 $1,219,800 -3% 15% -4% 23% -21% $2,114,756 $3,659,294 358 -5% -12% 11% -8% $1,025,000 54% 22% 24% -4% 74% 45 -17% $2,114,756 204 15% 14% -4% 19% -21% 48% 17% 358 -12% -8% $732 11% -8% 12% 45 -17% -4% $725 18% 6% 5% 204 14% 19% 48% 38% 8.0 6% -9% -4% $732 11% -8% 12% -6% 87.5% 1.7% .8% .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 $725 18% 6% 8.0 6% -9% 87.5% 1.7% .8% 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 80 June Property sales were 45, down 4.3% from 47 in June of 2016 70 and 16.7% lower than the 54 sales last month. June 2017 sales Property Sales were at their lowest level compared to June of 2016 and 2015. 80 60 June sales 45, running down 4.3% from 47 in June of 2016 June Property YTD sales of were 242 are 0.8% behind last year's year- 70 and 16.7% lower than the 54 sales last month. June 2017 sales to-date sales of 244. 50 60 37% 242 22% 165 -6% $767 242 -1% 27% $666 165 16% -46% 12.5 $767 -3% .5% 87.2% -1% 40% 16% 24% -3% 20% 11% -2% -2% -1% 11% -2% 17% -16% 0% 3 Mo Avg 3 Mo Avg 40 50 30 40 20 30 39 46 0 10 10 20 Prices 14 The Median Sales Price in June was $1,025,000, up 24.2% from Prices $825,000 in June of 2016 and up 54.1% from $665,000 last 3,200 The Median Sales Price Sales in June was in $1,025,000, up 24.2% from month. The Average Price June was $2,114,756, down $825,000 in June of 2016 in and up 54.1% from 21.3% from $2,687,280 June of 2016 and $665,000 up 15.0% last from 3,200 2,700 month. The Average Sales June Price 2017 in June was $2,114,756, down $1,838,978 last month. ASP was at a mid range 21.3% from $2,687,280 in June of 2016 and up 15.0% from compared to June of 2016 and 2015. 2,700 2,200 15 16 50 25 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 Median M J J A Sales S O N Price D J F and M A Average M J J A Sales S O N Price D J F M A M J 0 $1,838,978 last month. June 2017 ASP was at a mid range compared to June of 2016 and 2015. $825,000 $2,237,427 38% Number of Properties Sold were at their lowest level compared to June of 2016 and 2015. June YTD sales of 242 are running 0.8% behind last year's year- to-date sales of 244. Trending versus*: Prior YTD 37% Prior Year 40% 74% YTD $825,000 17% $2,237,427 22% 24% 5% 27% $666 20% 17% -4% -46% 12.5 -2% -16% of 87.2% Properties .3% Number .5% -1% 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 3 Mo Avg 2,200 1,700 1,700 1,200 1,200 700 700 200 200 400 300 A comparatively lower MSI is more beneficial for sellers while a A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 8.0 a higher MSI is better for level buyers. The June 2017 MSI of of 2016 8.0 and months was at a mid compared with June months 2015. was at a mid level compared with June of 2016 and 2015. 200 100 0 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 300 200 25.0 20.0 15.0 5.0 0 0.0 25.0 20.0 15.0 10.0 5.0 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 . 30.0 10.0 100 14 128 | c 30.0 The Total Inventory Inventory & MSI of Properties available for sale as of June was Total 358, Inventory down 11.8% from 406 available last month 8.4% from 600 The of Properties for and sale down as of June 391 358, in June last year. June last 2017 Inventory was 8.4% at its from lowest 600 500 was down of 11.8% from 406 month and down 391 in June of last with year. June June of 2017 Inventory was at its lowest level compared 2016 and 2015. 500 400 level compared with June of 2016 and 2015. Inventory & MSI 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 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 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.