FL ARCHIVED May 2017 | Page 120

Market Action Report
May 2017
Palm
Beach
County
Market Action Report
County: Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
May 2017
County: 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
$375,000
1%
14%
Other
$883,917 Trending
0% versus*:
18%
Month
LM 6%
L3M 7%
PYM 8%
LY
$278,200
$375,000
1% -0% 0%
14% 4%
$418,455
$883,917
0% -6% 18% -18%
12,614
$278,200 2,690
6% 2%
7% 8% -0%
11%
$418,455 -0%
0%
4%
11%
91 2% 2% 5%
12,614 -6%
-18%
$212 0% -4% 4%
2,690 2%
-0%
$195 4% 4% 8%
91 2% 2% 5% 2%
4.7 -8% -6% -17%
$212 0% -4% 4% 1%
92.5% .2% .0% -.3%
Average List Price of all Current Listings
Market
Profile
& Trends
May Median
Sales
Price Overview
Median
List Price
of all
Current Listings
May Average
Sales
Price
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
May
Sales
Price
May Median
Number
of Properties
Sold
May Average Sales Price
May Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
May Number of Properties Sold
May Sold Price per Square Foot
May Average Days on Market (Solds)
May Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
May Sale Price vs List Price Ratio
May Sold Price per Square Foot
$195 4%
4.7 -8%
92.5% .2%
May 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
3,500
May Property sales were 2,690, down 0.3% from 2,698 in May
of 2016 and 2.3% higher than the 2,630 sales last month. May
3,000
Property
2017 sales Sales
were at their lowest level compared to May of 2016 3,500
May
sales
were
2,690,
down 0.3%
from 2,698
in ahead
May of
2,500
and Property
2015. May
YTD
sales
of 11,895
are running
0.8%
of last
2016
and year-to-date
2.3% higher than
sales last month. May
3,000
year's
sales the
of 2,630
11,799.
2,000
2017 sales were at their lowest level compared to May of 2016
and 2015. May YTD sales of 11,895 are running 0.8% ahead of
last year's year-to-date sales of 11,799.
Trending versus*:
Prior YTD 7%
Prior Year 4%
11% YTD
$260,000
11%
$411,509
7%
10%
$260,000 11,895
7%
$411,509
7%
2%
89
1% 4%
2% 10%
7%
8%
0%
-11%
5%
-0%
1%
$221
11,895
1%
12%
$187
89
2%
-26%
6.1
$221
7%
-.4%
92.5%
0%
5%
7%
-3%
-0%
4% 8% 12%
$187
8%
7%
-6% -17% -26%
6.1 -11%
-3%
of 92.5%
Properties
.0% -.3% Number
-.4%
-0% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
May Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
Number of Properties Sold
3 Mo Avg
2,500
1,500
2,000
1,000
Prices
14
The Median Sales Price in May was $278,200, up 8.3% from
450
Prices
$256,800 in May of 2016 and up 5.9% from $262,750 last
The
Median
Sales
Price Sales
in May Price
was $278,200,
8.3% from
month.
The
Average
in May was up
$418,455,
up 4.3%
450 400
$256,800
in May in
of May
2016 of and
up and
5.9% down
from 0.0%
$262,750
from $401,184
2016
from last
$418,631
month.
The Average
Sales
Price
in at
May
$418,455,
4.3% to
last month.
May 2017
ASP
was
the was
highest
level up
compared
400 350
from
in May
of 2016 and down 0.0% from $418,631
May $401,184
of 2016 and
2015.
350
300
250
20 0
Inventory & MSI
15
16
250
200
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
15 A M J J A S O N D J F M 16
J J 14
A S O N D J F M
A M J J A S O N D J F M A 17 M
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
10.0
10.0
0
8.0
6.0
4.0
2.0
0.0
8.0
6.0
4.0
2.0
0.0
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 J A S O N D J F M A M
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
.
3 Mo Avg
300
14
120 | c
17
Median Sales Price and Average Sales Price
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
18,000
was Total
12,614,
down 6.2%
from 13,443
last for
month
and
The
Inventory
of Properties
available
sale as
of down
May 17.6%
16,000
from
15,304
in May
last 13,443
year. May
2017 Inventory
at its 18,000
was
12,614,
down
6.2% of from
last month
and down was
17.6%
16,000
14,000
from
15,304
May of last
year.
May
lowest
level in compared
with
May
of 2017
2016 Inventory
and 2015. was at its
14,000
12,000
lowest level compared with May of 2016 and 2015.
12,000
10,000
10,000 8,000
A comparatively lower MSI is more beneficial for sellers while a 8,000 6,000
6,000 4,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
May 2017
MSI of
4.7 a
4,000 2,000
higher
MSI
is better
for buyers.
May 2017
MSI
of 4.7
months
was
at its lowest
level The
compared
with
May
of 2016 and
2,000
months
0
2015. was at its lowest level compared with May of 2016 and
2015.
2,405
2,861
1,770
2,476
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
14
15
16
17
J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
Average Sales Price
3 Mo Avg
0
last month. May 2017 ASP was at the highest level compared to
May of 2016 and 2015.
0
500
500
1,000
1,500
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.