Florida Market Viewpoint June 2017 - Page 130

Market Action Report June 2017 Palm Beach Gardens Market Action Report City: Palm Beach Gardens Agent Name Title Phone Agent Name Website Title Other June 2017 Community Information | School District City: Palm Beach Gardens Trending versus*: L3M PYM LY $575,000 -3% 11% Other $963,639 Trending -6% versus*: 10% Month LM 11% L3M 10% PYM 21% LY $440,000 $575,000 -3% 21% 15% 11% 32% $694,194 $963,639 667 -6% -3% 10% -21% $440,000 141 11% -16% 10% 21% -8% 19% $694,194 102 21% 3% 15% -3% 32% 0% 35% 667 -3% -21% $236 2% -2% 1% 141 -16% -8% $229 5% 3% 13% 102 3% -3% 0% 4% 4.7 15% -0% -14% $236 2% -2% 1% -2% 91.1% -.8% -.8% -.2% 12% $225 13% 10% -30% 6.2 -11% -7% Number of 92.0% Properties -1.8% -1% Sold -1% 3 Mo Avg Prices 14 700 650 15 16 93 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 $575,074 last month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. 0 20 The Median Sales Price in June was $440,000, up 20.9% from Prices $364,000 in June of 2016 and up 11.4% from $395,000 last The Median Sales Price Sales in June was in $440,000, 20.9% from month. The Average Price June was up $694,194, up 700 $364,000 in June of 2016 $395,000 last 31.6% from $527,426 in and June up of 11.4% 2016 from and up 20.7% from month. The last Average Sales Price in June up level 650 $575,074 month. June 2017 ASP was was $694,194, at the highest 31.6% from $527,426 June and of 2016 and up 20.7% from compared to June of in 2016 2015. 600 20 40 40 60 60 80 80 100 120 2015. June YTD sales of 787 are running 3.0% ahead of last year's year-to-date sales of 764. Number of Properties Sold 180 June Property sales were 141, down 8.4% from 154 in June of 2016 and 15.6% lower than the 167 sales last month. June 2017 160 Property sales were Sales at their lowest level compared to June of 2016 and 180 140 June Property sales sales were of 141, down 8.4% from 154 ahead in June of of last 2015. June YTD 787 are running 3.0% 2016 and 15.6% lower sales than of the 764. 167 sales last month. June 2017 160 120 year's year-to-date sales were at their lowest level compared to June of 2016 and 140 100 3 Mo Avg 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 7% 2% 10% -7% -1% June Month's Supply of Inventory 3% 8% 9% 21% 5% 13% 7% -11% 2% -1% $229 5% 3% 13% 4.7 15% -0% -14% 91.1% -.8% -.8% -.2% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date June Sale Price vs List Price Ratio June Sold Price per Square Foot June Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) June Sold Price per Square Foot June Average Days on Market (Solds) June Number of Properties Sold Asking Price per Square Foot (based on New Listings) 12% 787 24% 105 -2% $245 787 3% 12% $225 105 9% -30% 6.2 $245 5% -1.8% 92.0% June Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) $400,000 4% $619,121 June Average Sales Price 117 June Sales Price June Median Number of Properties Sold Trending versus*: Prior YTD 12% Prior Year 8% 19% YTD $400,000 35% $619,121 24% 21% Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) 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 Listings Trending versus*: Prior YTD Prior Year YTD LM Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con Price Range: All | Properties: SFH - Con 3 Mo Avg 17 Median Sales Price and Average Sales Price 3 Mo Avg 600 550 550 500 500 450 450 400 400 350 350 300 800 level compared with June of 2016 and 2015. 600 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 12.0 The Total Inventory Inventory & MSI of Properties available for sale as of June 1,000 was Total 667, Inventory down 2.9% from 687 last month The of Properties available for and sale down as of 21.1% June from 845 667, in June last from year. 687 June Inventory was at its lowest 1,000 was down of 2.9% last 2017 month and down 21.1% from 800 845 in compared June of last with year. June June of 2017 was at its lowest level 2016 Inventory and 2015. 600 400 12.0 10.0 8.0 6.0 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 17 300 A comparatively lower MSI is more beneficial for sellers while a 400 4.0 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 4.7 a 200 higher MSI is better for buyers. June 2017 of 4.7 months was at its lowest level The compared with MSI June of 2016 and 200 2.0 months 0 2015. was at its lowest 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 130 | c . 10.0 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.