FL ARCHIVED May 2017 | Page 132

Market Action Report
May 2017
Palm
Beach
Gardens
Market Action Report
City: Palm Beach Gardens
Agent Name
Title
Phone
Agent
Name
Website
Title Other
May 2017
Community Information | School District
City: Palm Beach Gardens
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
$599,450
0%
16%
Other
$1,018,615 Trending
-1% versus*:
16%
Month
LM -5%
L3M -1%
PYM 8%
LY
$395,000
$599,450
0% -2% -3%
16% 29%
$584,157
$1,018,615 684
-1% -10% 16% -21%
$395,000 158
-5% 7%
-1% 8% 5%
7%
$584,157 -2%
-3%
29%
14%
98 -22% -7% 7%
684 -10%
-21%
$234 -1% -4% 6%
158 7%
5%
$220 -1% -2% 10%
98 -22% -7% 7% 0%
4.3 -17% -18% -25%
$234 -1% -4% 6% -3%
91.8% -.1% -.5% -2.2%
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
$220 -1% -2% 10%
4.3 -17% -18% -25%
91.8% -.1% -.5% -2.2%
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
180
May Property sales were 158, up 4.6% from 151 in May of 2016
160
and 7.5% higher than the 147 sales last month. May 2017 sales
Property
Sales
were at their
highest level compared to May of 2016 and 2015. 180 140
Ma y
sales
158, running
up 4.6% 3.9%
from ahead
151 in May
of year's
2016 year-
May Property
YTD sales
of were
634 are
of last
160 120
and
7.5% sales
higher
to-date
of than
610. the 147 sales last month. May 2017 sales
were at their highest level compared to May of 2016 and 2015.
140 100
May YTD sales of 634 are running 3.9% ahead of last year's year-
120
to-date sales of 610.
100 80
80 40
12%
634
23%
105
-3%
$248
634
4%
8%
$225
105
12%
-36%
6.5
$248
6%
-1.0%
92.2%
4% 8%
12% 18%
6%
13%
7%
-12%
3%
-1%
7%
3%
10%
-4%
-1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
142
0
20
20
40
Prices
14
700
650
15
16
Median Sales Price and Average Sales Price
104
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 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
Median Sales Price and Average Sales Price
3 Mo Avg
0
last month. May 2017 ASP was at the highest level compared to
May of 2016 and 2015.
$398,000
0% $606,778
60
60
The Median Sales Price in May was $395,000, up 8.2% from
Prices
$365,000 in May of 2016 and down 5.2% from $416,500 last
The
Median
Sales
Price Sales
in May Price
was $395,000,
8.2% from
month.
The
Average
in May was up
$584,157,
up 29.0%
700
$365,000
in May in
of 2016
and
down
5.2%
from
$416,500
last
from $452,986
May of
2016
and
down
2.5%
from $598,955
650
month.
The Average
Sales
Price
in at
May
$584,157,
29.0% to
last month.
May 2017
ASP
was
the was
highest
level up
compared
from
in May
of 2016 and down 2.5% from $598,955
May $452,986
of 2016 and
2015.
600
Trending versus*:
Prior YTD 12%
Prior Year 8%
7% YTD
$398,000
14%
$606,778
23%
18%
8%
$225
13%
10%
-36%
6.5 -12%
-4%
Number of 92.2%
Properties
-1.0%
-1% Sold -1%
* 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
17
3 Mo Avg
600
550
550 500
500 450
450 400
400 350
350 300
Inventory & MSI
lowest level compared with May 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 May
1,000
was Total
684, Inventory
down 10.5%
from 764 available
last month
21.5%
The
of Properties
for and
sale down
as of May
from
871
in May
of last
May month
2017 and
Inventory
was at its 1,000
was
684,
down
10.5%
from year.
764 last
down 21.5%
800
from
871 level
in May
of last year.
Inventory
was at its
lowest
compared
with May
May 2017
of 2016
and 2015.
800
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
600
400
A comparatively lower MSI is more beneficial for sellers while a 400
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while
MSI is better
for buyers.
May 2017
MSI of
4.3 a
200
higher
MSI
is better
for buyers.
May 2017
MSI
of 4.3
months
was
at its lowest
level The
compared
with
May
of 2016 and 200
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
132 | c
.
12.0
10.0
300
8.0
6.0
4.0
2.0
0.0
10.0
8.0
6.0
4.0
2.0
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 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.