FL ARCHIVED October 2017 | Page 118

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

City : Boca Raton

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
$ 459,000
2 %
6 %
Average List Price of all Current Listings
$ 977,614
2 %
9 %
October Median Sales Price
$ 317,000
6 %
-6%
9 %
4 %
$ 325,000
7 %
7 %
October Average Sales Price
$ 471,853
12 %
4 %
20 %
3 %
$ 468,013
1 %
3 %
Total Properties Currently for Sale ( Inventory )
2,416
3 %
-12%
October Number of Properties Sold
294
17 %
-18%
3,993
-8%
October Average Days on Market ( Solds )
104
-3%
6 %
2 %
8 %
95
-2%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 250
3 %
4 %
9 %
11 %
$ 235
4 %
4 %
October Sold Price per Square Foot
$ 197
-1%
-1%
8 %
2 %
$ 199
3 %
3 %
October Month ' s Supply of Inventory
8.2 -12%
5 %
7 %
11 %
7.0
-3%
-6%
October Sale Price vs List Price Ratio
90.4 % -1.3% -1.0% -1.3% -1.8%
91.5 %
-1%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
October Property sales were 294 , down 18.1 % from 359 in
October of 2016 and 16.7 % higher than the 252 sales last month .
600
Property
October 2017 Sales sales were at their lowest level compared to
700
October Property of 2016 sales and 2015 were . 294 October , down YTD 18.1 % sales from of 359 3,993 in are
500
October running of 7.8 2016 % behind and 16.7 last % higher year ' s than year-to-date the 252 sales sales last of 4,331 month . .
October 2017 sales were at their lowest level compared to
600
400
October of 2016 and 2015 . October YTD sales of 3,993 are
500
running 7.8 % behind last year ' s year-to-date sales of 4,331 .
300
400
200
300
200
100
Agent Name

Boca Raton Title

Phone Website Other

Community Information | School District

Number of Properties Sold
100
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 $ 317,000 , up 9.3 % from
Prices
$ 290,000 in October of 2016 and up 5.7 % from $ 300,000 last
The month Median . The Sales Average Price Sales in October Price was in October $ 317,000 was , up $ 9.3 471,853 % from , up
600
$
19.9 290,000 % from in October $ 393,394 of 2016 in October and up of 5.7 2016 % from and $ up 300,000 12.1 % from last month
$ 420,737 . The last Average month Sales . October Price in 2017 October ASP was $ at 471,853 the highest , up level
550
N
D
J
F M A M J
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
14
15
16
17
600
Median Sales Price and Average Sales Price
550
500
J
A S O
3 Mo Avg
3 Mo Avg
19.9 compared % from $ to 393,394 October in of October 2016 and of 2016 2015 and . up 12.1 % from
$ 420,737 last month . October 2017 ASP was at the highest level
500
450
compared to October of 2016 and 2015 .
450
400
400 350
350 300
316 442 305 362 502 474
316 442 305 362 502 474 490 581 453 420 455 423 312 456 312 355 415 491 503 522 446 493 435 359 303 375 331 364 492 418 497 513 410 422 252 294
300
250
250
N
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
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
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
The
October Total Inventory was 2,416 of , up Properties 3.2 % from available 2,341 last for sale month as of and down
3,500
October
12.3 % from was 2,416 2,756 , up in 3.2 October % from of 2,341 last year last . month October and 2017 down
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
12.3
Inventory % from 2,756 was at in its October lowest of level last compared year . October with 2017 October of 2016
3,000
2,500
10.0
Inventory and 2015 was . at its lowest level compared with October of 2016
2,500 and 2015 .
2,000
8.0
2,000
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
1,000
A comparatively lower MSI is more beneficial for sellers while a
4.0 higher MSI is better for buyers . The October 2017 MSI of 8.2
1,000 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 8.2 of 2016
500
2.0 months was at its highest level compared with October of 2016
500 and 2015 .
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
8.0
6.0
4.0
2.0
0.0
490 581 453 420 455
2,839
2,793 3,028 3,049 3,049 3,025 2,851 2,825 2,832 2,763 2,733 2,950 2,930 2,918 3,083
Number of Properties Sold
423 312
2,839
2,793 3,028 3,049 3,049 3,025 2,851 2,825 2,832 2,763 2,733 2,950 2,930
456 312 355 415 491 503 522
3,083 3,286 3,303 3,312 3,151 3,108 2,990
446
3,286
2,918 3,303
3,312 3,151 3,108 2,990 2,796 2,801 2,756 2,802 493 435 359 303 375 331 364 492 418
2,796 2,801 2,756 2,802 2,772 2,908 2,984 2,961 2,904 2,695 2,622
2,772 2,908 2,984 2,961 2,904 2,695 2,622 2,527 2,530 2,341 2,416
3 Mo Avg
497 513
2,527 2,530
410
3 Mo Avg
422
2,341
2,416 252 294
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
118 | 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 .