FL ARCHIVED May 2017 | Page 130
Market Action Report
City: Palm Beach
May 2017
Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
May 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
$1,250,000
0%
32%
Other
$3,932,245 Trending
1% versus*:
12%
Trending versus*:
Month
LM -57%
L3M -21%
PYM 11%
LY
Prior YTD 36%
Prior Year 31%
$645,000
9% YTD
$772,500
$1,250,000
0% -47% -20%
32% 38% 6% $2,306,880
$1,911,859
41%
28%
$3,932,245 400
1% -8% 12% -7%
$645,000 -57%
-21% 11% 11%
9%
$772,500
36% -3% 31%
51 21%
192
$1,911,859 173
-47% 28%
-20% 6%
38% 44%
6% 17%
$2,306,880
41% 9% 28%
156
5%
400 -8%
-7%
$661 -19% -14% 0% -15%
$772
-3%
-1%
51 21%
11%
192
-3%
$628 -23% -5% 14% 10%
$655
26%
15%
173 28% 6% 44% 17%
156
9%
5%
7.8 -24% -17% -16% -47%
13.3
-2%
-10%
$661 -19% -14% 0% -15%
$772
-3%
-1%
86.2% -1.1% -.4% -3.3% -1.0%
87.2%
-1%
0%
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
$628 -23% -5% 14%
7.8 -24% -17% -16%
86.2% -1.1% -.4% -3.3%
* 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
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
30
20
Prices
14
The Median Sales Price in May was $645,000, up 11.3% from
3,700
Prices
$579,500 in May of 2016 and down 56.7% from $1,491,250 last
The
Median
Sales
Price Sales
in May Price
was $645,000,
11.3% from up
month.
The
Average
in May was up
$1,911,859,
3,700 3,200
$579,500
in May
of 2016 and
down
from down
$1,491,250
37.6% from
$1,388,991
in May
of 56.7%
2016 and
47.4% last
from
month.
The Average
Sales May
Price 2017
in May
was
$1,911,859,
up level 3,200 2,700
$3,634,267
last month.
ASP
was
at the highest
37.6%
from $1,388,991
in May
of 2015.
2016 and down 47.4% from
compared
to May of 2016
and
$3,634,267 last month. May 2017 ASP was at the highest level
compared to May of 2016 and 2015.
46
31
16
Median Sales Price and Average Sales Price
25
28
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
16
17
M Median
A M J J Sales
A S O Price
N D J and
F M Average
A M J J Sales
A S O Price
N D J F M A M
15
J J A S O N D
14
J J A S O N D J F
0
0
10
10
20
40
30
50
40
3 Mo Avg
60
50
3 Mo Avg
Number of Properties Sold
70
60
10%
$655
26%
15%
-47%
13.3
-2%
-10%
Number of 87.2%
Properties
-1.0%
-1% Sold 0%
80
May Property sales were 51, up 10.9% from 46 in May of 2016
and 21.4% higher than the 42 sales last month. May 2017 sales
Property
Sales
were at a mid
level compared to May of 2016 and 2015. May 80
May
were
51, up 10.9%
from 46 last
in May
of 2016
YTD Property
sales of sales
192 are
running
2.5% behind
year's
year-to-
70
and
21.4%
date
sales higher
of 197. than the 42 sales last month. May 2017 sales
were at a mid level compared to May of 2016 and 2015. May
YTD sales of 192 are running 2.5% behind last year's year-to-
date sales of 197.
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
3 Mo Avg
17
3 Mo Avg
2,700 2,200
2,200 1,700
1,700 1,200
1,200 700
700 200
Inventory & MSI
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
400
300
A comparatively lower MSI is more beneficial for sellers while a
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of May
600
was Total
400, Inventory
down 8.3%
from 436 last
month
The
of Properties
available
for and
sale down
as of 7.4%
May from
432 400,
in May
of 8.3%
last year.
May last
2017
Inventory
was 7.4%
at its from
lowest 600 500
was
down
from 436
month
and down
432
in compared
May of last with
year. May
May of 2017
Inventory
was at its lowest
level
2016
and 2015.
500
400
level compared with May of 2016 and 2015.
300
200
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
May 2017
MSI of
7.8 a 200
100
higher
MSI
is better
for buyers.
May 2017
MSI
of 7.8
months
was
at its lowest
level The
compared
with
May
of 2016 and 100
months
was
at
its
lowest
level
compared
with
May
of
2016
and
0
2015.
0
2015.
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
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
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
.
30.0
25.0
200
20.0
15.0
10.0
5.0
0.0
25.0
20.0
15.0
10.0
5.0
0.0
M A M
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 trans action.
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.