Florida Market Viewpoint June 2017 - Page 134

Market Action Report June 2017 West Palm Beach Market Action Report City: West Palm Beach Agent Name Title Phone Agent Name Website Title Other June 2017 Community Information | School District City: West Palm Beach 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 $259,000 -0% 16% Other $512,205 Trending -3% versus*: 39% Month LM 9% L3M 12% PYM 22% LY $207,500 $259,000 -0% 9% 5% 16% 11% $255,785 $512,205 1,952 -3% -2% 39% -18% $207,500 401 9% -6% 12% 22% -6% 22% $255,785 9% 5% 11% 13% 89 5% 6% 7% 1,952 -2% -18% $169 0% -10% 13% 401 -6% -6% $152 2% 3% 9% 89 5% 6% 7% 5% 4.9 5% -2% -13% $169 0% -10% 13% 0% 93.0% .5% .1% -.6% 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 $152 2% 4.9 5% 93.0% .5% * 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 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 14 3 Mo Avg 3 Mo Avg 17 3 Mo Avg 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 1,500 1,500 A comparatively lower MSI is more beneficial for sellers while a 1,000 A higher comparatively lower MSI is more The beneficial for sellers MSI is better for buyers. June 2017 MSI while of 4.9 a 1,000 500 higher MSI is better for buyers. June 2017 of 4.9 months was at its lowest level The compared with MSI June of 2016 and 500 months was at its lowest level compared with June of 2016 and 0 2015. 0 10.0 2,000 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 10.0 8.0 Inventory & MSI 6.0 4.0 2.0 0.0 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 14 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 . 295 16 Median Sales Price and Average Sales Price 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 The Total Inventory Inventory & MSI of Properties available for sale as of June 3,000 was Total 1,952, down 1.5% from 1,982 last month and 18.1% The Inventory of Properties available for sale as down of June from 2,383 in June last 1,982 year. last June 2017 Inventory was at its 3,000 2,500 was 1,952, down 1.5% of from month and down 18.1% from 2,383 in compared June of last with year. June June of 2017 was at its lowest level 2016 Inventory and 2015. 2,500 2,000 lowest level compared with June of 2016 and 2015. 134 | c 385 15 300 280 260 240 220 200 180 160 140 120 100 Prices 2015. 3 Mo Avg 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 0 240 220 200 180 160 140 120 100 0 100 month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. 0% 7% 7% -10% -0% 200 200 100 The Median Sales Price in June was $207,500, up 22.4% from Prices $169,589 in June of 2016 and up 8.6% from $191,000 last The Median Sales Price Sales in June was in $207,500, 22.4% from month. The Average Price June was up $255,785, up 11.3% 300 $169,589 in June in of June 2016 of and up 8.6% from $191,000 last from $229,871 2016 and up 9.1% from $234,400 last 280 month. Average Price June was $255,785, up 11.3% month. The June 2017 Sales ASP was at in the highest level compared to 260 from $229,871 in June of 2016 and up 9.1% from $234,400 last June of 2016 and 2015. 0% $181 2,322 1% 11% $146 85 -1% -25% 5.8 $181 15% -.0% 92.8% 1% 6% -1% 8% 15% 8% 0% -14% 7% -0% 300 300 $179,450 2,322 12% $244,487 8% 5% 85 Number of Properties Sold 400 Trending versus*: Prior YTD 12% Prior Year 6% 22% YTD $179,450 13% $244,487 8% 8% 3% 9% 11% $146 8% 7% -2% -13% -25% 5.8 -14% -10% of 92.8% Properties .1% -.6% Number -.0% -0% Sold -0% 600 June Property sales were 401, down 6.1% from 427 in June of 2016 and 6.1% lower than the 427 sales last month. June 2017 500 Property sales were Sales at their lowest level compared to June of 2016 and 600 June Property sales sales were of 401, down from 427 June of 2015. June YTD 2,322 are 6.1% running 0.5% in ahead of last 400 2016 and 6.1% lower than 427 sales last month. June 2017 year's year-to-date sales the of 2,310. 500 sales were at their lowest level compared to June of 2016 and 2015. June YTD sales of 2,322 are running 0.5% ahead of last year's year-to-date sales of 2,310. Trending versus*: Prior YTD Prior Year YTD 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.