FL ARCHIVED November 2017 | Page 129

Market Action Report November 2017 Palm Beach Gardens City: Palm Beach Gardens Agent Name Title Phone Website Other Community Information | School District Price Range: All | Properties: SFH - Con Days On Market for Sold Properties Market Time The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for November was 88, down 6.4% from 94 days last month and down 4.3% from 92 days in November of last year. The November 2017 DOM was at its lowest level compared with November of 2016 and 2015. 3 Mo Avg 140 120 98 100 92 88 80 60 40 20 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 14 15 16 17 Selling Price per Square Foot Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the 'mix' of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The November 2017 Selling Price per Square Foot of $212 was up 5.2% from $202 last month and up 2.1% from 208 in November of last year. 250 240 230 220 210 200 190 180 170 160 150 3 Mo Avg 212 208 198 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 Selling Price versus Listing Price Ratio Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer's market exists, a ratio at or above 100% indicates more of a Seller's market. The November 2017 Selling Price vs Original List Price of 92.8% was down from 93.0% last month and down from 93.8% in November of last year. 3 Mo Avg Avg Selling Price divided by Avg Listing Price for sold properties during the month 95% 94% 94% 93% 93% 92% 92% 91% 91% 90% 90% 93.8% 92.8% 92.3% 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 Inventory / New Listings / Sales Inventory / New Listings / Sales This last view of the market combines monthly inventory of 1,200 Properties for sale along with New Listings and Sales. The graph shows the basic annual seasonality of the market as well as the 1,000 relationship between these items. The number of New Listings in November 2017 was 158, down 26.5% from 215 last month 800 and down 24.0% from 208 in November of last year. 600 400 200 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 14 15 16 17 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 Association of REALT 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. c o l dw el l b a n k er h o m es . c o m | 129