Market Action Report October 2017
Community Information | School District
Market Action Report October 2017
County : 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 |
$ 379,000 |
2 % |
|
9 % |
|
|
|
|
Average List Price of all Current Listings |
$ 885,517 |
3 % |
|
12 % |
|
|
|
|
October Median Sales Price |
$ 265,000 |
-4% |
-3% |
5 % |
6 % |
$ 267,000 |
7 % |
7 % |
October Average Sales Price |
$ 368,886 |
2 % |
-2% |
9 % |
-2% |
$ 398,234 |
5 % |
6 % |
Total Properties Currently for Sale ( Inventory ) |
12,400 |
3 % |
|
-12% |
|
|
|
|
October Number of Properties Sold |
1,747 |
4 % |
|
-18% |
|
23,376 |
-4% |
|
October Average Days on Market ( Solds ) |
92 |
-2% |
3 % |
0 % |
3 % |
89 |
0 % |
0 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 237 |
3 % |
5 % |
10 % |
13 % |
$ 222 |
7 % |
6 % |
October Sold Price per Square Foot |
$ 179 |
-2% |
-2% |
8 % |
3 % |
$ 185 |
6 % |
6 % |
October Month ' s Supply of Inventory |
7.1 |
-0% |
10 % |
7 % |
10 % |
6.2 |
-2% |
-3% |
October Sale Price vs List Price Ratio |
92.4 % |
-. 5 % -. 2 % -. 4 % |
-. 5 % |
92.5 % |
-0% |
-0% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,500 October Property sales were 1,747 , down 18.1 % from 2,132 in
October of 2016 and 3.8 % higher than the 1,683 sales last 3,000 Property month . October Sales 2017 sales were at their lowest level compared 3,500
October October Property of 2016 sales and were 2015 1,747 . October , down 18.1 YTD % sales from 2,132 of 23,376 in are 2,500 October running of 4.0 2016 % behind and 3.8 % last higher year ' than s year-to-date the 1,683 sales last of 24,340 . 3,000 month . October 2017 sales were at their lowest level compared 2,000 to October of 2016 and 2015 . October YTD sales of 23,376 are 2,500 running 4.0 % behind last year ' s year-to-date sales of 24,340 . 1,500
2,000
1,000 1,500
500 1,000
Agent Name
Palm Beach County Title
Phone Website Other
Community Information | School District
Number of Properties Sold
500 |
0 |
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 |
0 |
|
14 |
|
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
|
Prices
The Median Sales Price in October was $ 265,000 , up 5.0 % from
Prices
$ 252,500 in October of 2016 and down 3.6 % from $ 275,000
The last Median month Sales . The Price Average in October Sales Price was $ in 265,000 October , up was 5.0 $ % 368,886 from ,
450
$ up 252,500 8.9 % in from October $ 338,709 of 2016 in October and down of 3.6 2016 % from and $ up 275,000 2.2 % from
|
N
D
J
F M A M J
J
Median
A S O N Sales D
J
F Price M A M and J J AAverage S O N DSales
J
F MPrice A M J
14
15
16
17
450
Median Sales Price and Average Sales Price
400
|
J
A S O
3 Mo Avg
|
3 Mo Avg |
|
last
$ 360,819 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 368,886 highest , level up 8.9 % from $ 338,709 in October of 2016 and up 2.2 % from
400 compared to October of 2016 and 2015 .
|
350 |
|
|
$ 360,819 last month . October 2017 ASP was at the highest level |
|
|
|
compared to October of 2016 and 2015 . |
350 |
300 |
300
250
1,830 2,413 1,816 2,078 2,836
1,830 2,413 1,816 2,078 2,836 2,970 2,801 2,993 2,862 2,405 2,475 2,397 1,893 2,477 1,774 1,915 2,666 2,753 2,698 2,917 2,435 2,615 2,435 2,132 1,972 2,259 1,856 1,969 2,809 2,677 2,868 2,888 2,371 2,508 1,683 1,747
250 200
200 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
14 J F
15 M A M J J A S O N D J F M
16 A M J J A S O N D J F M A
17 M J J A S O
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 October Total Inventory was 12,400 of , Properties up 3.3 % from available 12,000 for last sale month as of and down 18,000
10.0
October 12.1 % from was 12,400 14,101 , in up October 3.3 % from of last 12,000 year last . October month and 2017 down 18,000 16,000 10.0
12.1 Inventory % from 14,101 was at in its October lowest of level last compared year . October with 2017 October of 2016 16,000 14,000
8.0
8.0
Inventory and 2015 was . at its lowest level compared with October of 2016 14,000 12,000 and 2015 .
12,000 6.0
10,000 6.0
10,0008,000 4.0
A comparatively lower MSI is more beneficial for sellers while a 8,0006,000
4.0
A comparatively lower MSI is more beneficial for sellers while a 6,000 higher MSI is better for buyers . The October 2017 MSI of 7.1 4,000
2.0 higher MSI is better for buyers . The October 2017 MSI of 7.1 4,000 months was at its highest level compared with October of 2016 2,000
2.0 months was at its highest level compared with October of 2016 2,000 and 2015 .
0 0.0 and 2015 . 0
0.0 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 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 14 15
16 17
14 15 16
17
2,970 2,801 2,993
14,766
14,541 15,540 15,916 15,468 15,098 14,358 13,933
2,862
14,766
14,541 15,540 15,916 15,468 15,098 14,358 13,933 13,720 13,195 13,162 14,049 2,405 2,475
14,105 13,895
15,146
Number of Properties Sold
2,397 1,893 2,477
13,720 13,195 13,162 14,049 14,105 13,895
1,774 1,915
16,120 16,133 16,276 15,428
2,666 2,753 2,698 2,917
15,146 16,120 16,133 16,276 15,428 14,972 14,535 2,435 2,615 2,435
13,935 14,257 14,101 2,132 1,972 2,259 1,856 1,969 2,809
14,972 14,535 13,935 14,257 14,101 14,379 14,298 15,277 15,742 15,501 15,231 14,209 14,005 13,325 12,997 12,000 12,400
3 Mo Avg
2,677
14,379
14,298 15,277 15,742 15,501 15,231 14,209 14,005 2,868 2,888
13,325 12,997
2,371
3 Mo Avg
2,508
12,000
12,400 1,683 1,747
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
116 | c o l d w e l l b a n k e r h o m e s . c o m
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 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 .