FL ARCHIVED November 2017 | Page 126

Market Action Report November 2017
Community Information | School District
Market Action Report November 2017

City : Palm Beach

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 1,350,000
2 %
23 %
Average List Price of all Current Listings
$ 3,885,980
2 %
2 %
November Median Sales Price
$ 395,500
-44% -10% -53% -33%
$ 710,000
21 %
20 %
November Average Sales Price
$ 1,710,138
-24%
3 %
45 %
-5%
$ 2,055,562
11 %
14 %
Total Properties Currently for Sale ( Inventory )
425
14 %
-2%
November Number of Properties Sold
24
41 %
9 %
370
1 %
November Average Days on Market ( Solds )
153 -32% -23% 30 %
3 %
174
18 %
18 %
Asking Price per Square Foot ( based on New Listings )
$ 1,002
12 %
11 %
18 %
29 %
$ 806
3 %
3 %
November Sold Price per Square Foot
$ 584
-15%
1 %
6 %
2 %
$ 643
15 %
13 %
November Month ' s Supply of Inventory
17.7 -20% -10% -10%
18 %
14.6
0 %
-2%
November Sale Price vs List Price Ratio
86.3 %
. 3 %
1.7 % -3.3% -. 9 %
86.7 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Palm Beach Title

Phone Website Other

Community Information | School District

Property Sales
80
November Property sales were 24 , up 9.1 % from 22 in
November of 2016 and 41.2 % higher than the 17 sales last
70
Number of Properties Sold
3 Mo Avg
Property month . November Sales 2017 sales were at a mid level compared to
80
November Property of 2016 sales and were 2015 . 24 November , up 9.1 % from YTD 22 sales in of 370 are
November of 2016 and 41.2 % higher than the 17 sales last
70 running 0.8 % ahead of last year ' s year-to-date sales of 367 .
60
50
month . November 2017 sales were at a mid level compared to
November of 2016 and 2015 . November YTD sales of 370 are
60
40
running 0.8 % ahead of last year ' s year-to-date sales of 367 .
50
30
40
20
30
10
20
0
10
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
0
14
15
16
17
Prices
The Median Sales Price in November was $ 395,500 , down
D
J
F M A M J
14
15
J
A
SMedian O N D
J Sales F M APrice M J Jand
A SAverage O N D
J Sales
F M A Price M J
J
16
17
A
S O N
3 Mo Avg
Prices
53.5 % from $ 850,000 in November of 2016 and down 43.5 %
The from Median $ 700,000 Sales Price last month in November . The Average was $ 395,500 Sales Price , down in
3,200
Median Sales Price and Average Sales Price
3 Mo Avg
53.5
November % from $ was 850,000 $ 1,710,138 in November , up 45.1 of % 2016 from and $ 1,178,943 down 43.5 in % from
November $ 700,000 of 2016 last month and down . The 24.0 Average % from Sales $ 2,249,353 Price in last
3,200
2,700
November month . November was $ 1,710,138 2017 , up ASP 45.1 was % from at the $ highest 1,178,943 level in compared
2,7002,200
November to November of 2016 of 2016 and down and 2015 24.0 .% from $ 2,249,353 last month . November 2017 ASP was at the highest level compared
2,2001,700
to November of 2016 and 2015 .
1,7001,200
1,200
40 44 33 53 73 55 66 33 31 46 39 30 33 28 25 50 48 46 47 26 32 28 15 22 24 22 30 48 43 55 50 32 30 19 17 24
700
700
200
200
D
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
14
15
16
17
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
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of
The
November Total Inventory was 425 of , up Properties 13.6 % from available 374 last for sale month as of and down
November
2.1 % from was 43425 in , November up 13.6 % from of last 374 year last . month November and down 2017
600
2.1
Inventory % from 434 was in at November its lowest of level last compared year . November with November 2017 of
500
Inventory
2016 and was 2015 at . its lowest level compared with November of
2016 and 2015 .
400
600
500
400
300
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
25.0
20.0
30.0
25.0
20.0
15.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The November 2017 MSI of 17.7 higher months MSI was is better at a mid for level buyers compared . The November with November 2017 MSI of of 2016 17.7 and
100 months
2015 . was at a mid level compared with November of 2016 and
2015 .
0
15.0
200
10.0
100
5.0
0
0.0
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 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
14
15
16
17
14
15
16
17
10.0
5.0
0.0
482 519
40 482
44 519
547 522
33 495
53
547 522
73 495
438 424
55 438
66 424
415 398
33 415
397
442 31 46 39
398 470 397
442
471 505
30 470
Number of Properties Sold
33
471
519 490
28
505 484
25
519 490
50
436 393
484 48
436
368 346
46 393
362 47 26
368 346
395
434 32 28
465 496
362
15
395
434 514
22 24
465 496
515 488
22 514
438 405
30 515
48
488
377 374
43
438 366
55
405 50
377 374
374 425
32 366
30 374
3 Mo Avg
19
425 17 24
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso
126 | c o l d w e l l b a n k e r h o m e s . c o m does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .