FL ARCHIVED May 2017 | Page 136

Market Action Report
May 2017
West
Palm
Beach
Market Action Report
City: West Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
May 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
$269,000
4%
22%
Other
$538,605 Trending
-2% versus*:
45%
Month
LM 6%
L3M 10%
PYM 18%
LY
$195,000
$269,000
4% -6% -1%
22% 3%
$236,615
$538,605 1,953
-2% -7% 45% -19%
$195,000 409
6% 1%
10% 18% 2%
15%
$236,615 -6%
-1%
3%
5%
85 2% 1% 1%
1,953 -7%
-19%
$171 2% -10% 4%
409 1%
2%
$149 2% 2% 7%
85 2% 1% 1% 0%
4.8 -8% -6% -21%
$171 2% -10% 4% 1%
92.4% -.6% -.6% -.1%
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
Trending versus*:
Prior YTD 9%
Prior Year 3%
15% YTD
$175,000
5%
$242,862
8%
8%
$175,000 1,899
9%
$242,862
8%
0%
84
1%
$184
1,899
1%
9%
$146
84
-2%
-26%
5.9
$184
16%
-.7%
92.7%
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
1% 3%
-2% 8%
16%
9%
-1%
-15%
9%
-0%
-1%
9%
7%
-8%
-0%
$149 2% 2% 7% 9%
$146
9%
7%
4.8 -8% -6% -21% -26%
5.9 -15%
-8%
of 92.7%
Properties
92.4% -.6% -.6% -.1% Number
-.7%
-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
600
May Property sales were 409, up 1.7% from 402 in May of 2016
and 0.7% higher than the 406 sales last month. May 2017 sales
500
Property
Sales
were at a mid
level compared to May of 2016 and 2015. May 600
May
up 1.7%
from
402 of in last
May
of 2016
YTD Property
sales of sales
1,899 were
are 409,
running
0.9%
ahead
year's
year-to-
400
and
0.7%
higher
than the 406 sales last month. May 2017 sales
date
sales
of 1,882.
500
3 Mo Avg
Number of Properties Sold
3 Mo Avg
were at a mid level compared to May of 2016 and 2015. May
300
YTD sales of 1,899 are running 0.9% ahead of last year's year-to-
400
date sales of 1,882.
Prices
14
3 Mo Avg
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
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
while
MSI is better
for buyers.
May 2017
MSI of
4.8 a 1,000
500
higher
MSI
is better
for buyers.
May 2017
MSI
of 4.8
months
was
at its lowest
level The
compared
with
May
of 2016 and 500
months
was
at
its
lowest
level
compared
with
May
of
2016
and
0
2015.
0
10.0
2,000
10.0
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
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15
16
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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
.
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
Inventory & MSI
136 | c
265
16
Median Sales Price and Average Sales Price
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
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15
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The Total Inventory
Inventory
& MSI of Properties available for sale as of May
3,000
was Total
1,953,
down 7.4%
from 2,109
last month
and
19.5%
The
Inventory
of Properties
available
for sale
as down
of May
from
2,425
in May
last 2,109
year. last
May
2017 and
Inventory
was at its 3,000 2,500
was
1,953,
down
7.4% of
from
month
down 19.5%
from
2,425
in compared
May of last with
year. May
May of 2017
Inventory
was at its
lowest
level
2016
and 2015.
2,500
2,000
lowest level compared with May of 2016 and 2015.
2015.
362
15
300
280
260
240
220
200
180
160
140
120
100
240
220
200
180
160
140
120
100
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
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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.
0
100
The Median Sales Price in May was $195,000, up 18.2% from
Prices
$165,000 in May of 2016 and up 5.7% from $184,500 last
The
Median
Sales
Price Sales
in May Price
was $195,000,
18.2% from
month.
The
Average
in May was up $236,615,
up 3.5%
300
$165,000
in May in
of 2016
and
up 5.7%
from $184,500
from $228,614
May of
2016
and down
6.5% from last
$253,036
280
month.
The Average
Sales
Price
in at
May
$236,615,
3.5% to
last month.
May 2017
ASP
was
the was
highest
level up
compared
260
from
$228,614
in
May
of
2016
and
down
6. 5%
from
$253,036
May of 2016 and 2015.
200 100
200
300
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.