FL ARCHIVED November 2017 | Page 132

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

City : West 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
$ 249,000
0 %
7 %
Average List Price of all Current Listings
$ 514,333
-2%
25 %
November Median Sales Price
$ 207,500
9 %
3 %
26 %
22 %
$ 186,000
10 %
10 %
November Average Sales Price
$ 251,880
15 %
3 %
27 %
12 %
$ 242,850
9 %
8 %
Total Properties Currently for Sale ( Inventory )
2,112
3 %
-12%
November Number of Properties Sold
256 -13%
-30%
3,993
-4%
November Average Days on Market ( Solds )
90
2 %
1 %
13 %
6 %
86
1 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 179
-4%
-1%
-2%
7 %
$ 178
6 %
6 %
November Sold Price per Square Foot
$ 152
3 %
0 %
15 %
11 %
$ 147
8 %
7 %
November Month ' s Supply of Inventory
8.3
19 %
7 %
26 %
26 %
6.4
-1%
-2%
November Sale Price vs List Price Ratio
93.1 %
-. 1 %
-. 1 %
-. 3 %
. 1 %
92.8 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
November Property sales were 256 , down 30.4 % from 368 in
November of 2016 and 12.9 % lower than the 294 sales last
Property month . November Sales 2017 sales were at their lowest level
600
500
November compared Property to November sales were of 2016 256 , and down 2015 30.4 . November % from 368 YTD in sales
November of 3,993 are of 2016 running and 12.9 4.3 % behind lower than last the year 294 ' s year-to-date sales last sales
500 of month
4,174 . November 2017 sales were at their lowest level compared to November of 2016 and 2015 . November YTD sales
400 of 3,993 are running 4.3 % behind last year ' s year-to-date sales of
400
300
4,174 .
300
200
Agent Name

West Palm Beach Title

Phone Website Other

Community Information | School District

200
100
397 287 350 452 451 447
Number of Properties Sold
100 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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in November was $ 207,500 , up 25.8 % 300
Prices from $ 165,000 in November of 2016 and up 8.6 % from Median Sales Price and Average Sales Price
280
3 Mo Avg
The $ 191,000 Median last Sales month Price . in The November Average was Sales $ 207,500 Price in , up November 25.8 % was 300 from $ 251,880 $ 165,000 , up in 27.5 November % from $ of 197,627 2016 and in November up 8.6 % from of 2016 and up 260
280 $ 14.9 191,000 % from last $ month 219,284 . The last Average month Sales . November Price in 2017 November ASP was at 240 $ 251,880 , up 27.5 % from $ 197,627 in November of 2016 and up
260
the highest level compared to November of 2016 and 2015 . 220 14.9 % from $ 219,284 last month . November 2017 ASP was at 240
200 the highest level compared to November of 2016 and 2015 . 220 180
200 160
180 140
160 120
140
100 120 100
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
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 & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The November Total Inventory was 2,112 of , Properties up 3.3 % from available 2,044 for last sale month as of and down
3,000 10.0
November 12.1 % from was 2,402 2,112 in , up November 3.3 % from of 2,044 last year last . month November and down 2017 3,000 10.0
2,500 8.0
12.1 Inventory % from 2,402 was at in its November lowest level of last compared year . November with November 2017 of 2,500
8.0 Inventory 2016 and was 2015 at . its lowest level compared with November of 2,000 2016 and 2015 .
2,000
6.0
1,500 6.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The November 2017 MSI of 8.3
500 2.0 higher months MSI was is better at its highest for buyers level . The compared November with 2017 November MSI of 8.3 of 500 2.0 months 2016 and was 2015 at its . highest level compared with November of 0
0.0
2016 and 2015 . 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 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
14 15 16
17
431 478
397 287 350 452 451 447 431 478 362 385 398 340 411 266 295 443 478 402 427 365 382 404 344 368 349 329 331 444 413 441 456 392 377 260 294 256
2,547 2,683 2,746 2,660 2,540 2,458 2,365
2,547 2,683 2,746 2,660 2,540 2,458 2,365 2,313 2,241 2,200
362 385 398
Number of Properties Sold
340 411 266 295 443 478 402 427
2,313 2,241 2,200 2,299 2,315 2,257 2,405 2,548 2,501 2,559 2,450 2,404 2,334 2,262 2,349 2,314 2,402 2,318 2,448 2,493 2,464 2,408 2,261 2,252
365
2,299 2,315 2,257 2,405 2,548 2,501 2,559 2,450 2,404 2,334 2,262 2,349 2,314 2,402 2,318 2,448 2,493 2,464 2,408 2,261 2,252 2,158 2,157 2,065 2,044 2,112
382 404 344 368 349 329 331 444 413 441
3 Mo Avg
456 392 377 260
2,158 2,157 2,065 2,044 2,112
3 Mo Avg
294
256
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
132 | 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 .