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.