FL ARCHIVED October 2017 | Page 122

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

City : Delray 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
$ 284,900
2 %
14 %
Average List Price of all Current Listings
$ 580,052
6 %
11 %
October Median Sales Price
$ 196,000
29 %
16 %
19 %
20 %
$ 175,000
8 %
7 %
October Average Sales Price
$ 331,773
2 %
7 %
8 %
-1%
$ 325,130
-5%
-3%
Total Properties Currently for Sale ( Inventory )
1,523
9 %
-11%
October Number of Properties Sold
215
3 %
-17%
2,895
-0%
October Average Days on Market ( Solds )
91
-8%
-1%
-7%
5 %
89
2 %
2 %
Asking Price per Square Foot ( based on New Listings )
$ 206
10 %
7 %
17 %
11 %
$ 193
5 %
4 %
October Sold Price per Square Foot
$ 164
-2%
2 %
8 %
4 %
$ 167
4 %
6 %
October Month ' s Supply of Inventory
7.1
6 %
10 %
6 %
10 %
6.2
-2%
-4%
October Sale Price vs List Price Ratio
91.0 %
. 3 %
. 2 %
-. 2 %
-. 5 %
91.1 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Delray Beach Title

Phone Website Other

Community Information | School District

Property Sales
450
October Property sales were 215 , down 16.7 % from 258 in
October of 2016 and 3.4 % higher than the 208 sales last month .
400
Number of Properties Sold
3 Mo Avg
Property
October 2017 Sales sales were at their lowest level compared to
450
350
October Property of 2016 sales and 2015 were . 215 October , down YTD 16.7 % sales from of 258 2,895 in are
October running of 0.3 2016 % behind and 3.4 % last higher year ' than s year-to-date the 208 sales sales last of month 2,903 .
400
300
October 2017 sales were at their lowest level compared to
350
250
October of 2016 and 2015 . October YTD sales of 2,895 are running 0.3 % behind last year ' s year-to-date sales of 2,903 .
300
200
250
150
200
100
150
50
100
0
50
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 $ 196,000 , up 19.0 %
Prices from $ 164,750 in October of 2016 and up 28.5 % from $ 152,500
The last Median month Sales . The Price Average in October Sales Price was $ in 196,000 October , up was 19.0 $ % 331,773 ,
450 from up 8.5 $ 164,750 % from in $ 305,872 October of in 2016 October and of up 2016 28.5 % and from up $ 1.5 152,500 % from last
$ 326,816 month . last The month Average . October Sales Price 2017 in October ASP was was at the $ 331,773 highest , level
400
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
450
Median Sales Price and Average Sales Price
400
350
J
A S O
3 Mo Avg
3 Mo Avg
up compared 8.5 % from to $ October 305,872 of in 2016 October and of 2015 2016 . and up 1.5 % from
$ 326,816 last month . October 2017 ASP was at the highest level
350
300
compared to October of 2016 and 2015 .
300
250
250 200
200 150
200 290 208 284 364 385
200 290 208 284 364 385 338 363 332 279 294 286 217 289 212 247 327 345 298 355 297 289 275 258 236 272 212 261 374 362 343 333 307 280 208 215
150
100
100
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 1,523 of , up Properties 9.2 % from available 1,395 last for sale month as of and down
2,500
October
11.4 % from was 1,523 1,719 , up in October 9.2 % from of 1,395 last year last . month October and 2017 down
2,500
2,000
11.4
Inventory % from 1,719 was at in a October mid level of last compared year . October with October 2017 of 2016 and
2,000
Inventory
2015 . was at a mid level compared with October of 2016 and
1,500
2015 .
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
10.0
8.0
6.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while
1,000 a
4.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 7.1 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 7.1 of 2016
500 months and 2015 was
. at its highest level compared with October of 2016 and 2015 .
0
500
2.0
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
2.0
0.0
1,439
338 363 332
1,439 1,496 1,585 1,668 1,565 1,548 1,454 1,394 1,400 1,333 1,355
1,517
279 294
1,496 1,585 1,668 1,565 1,548 1,454 1,394 1,400 1,333 1,355
1,571 1,619
1,773
Number of Properties Sold
286 217
1,517 1,571
289 212 247
1,919 1,891 1,960 1,846
1,619
327 345 298 355 297 289 275
1,773 1,919 1,891 1,960 1,846 1,764 1,710 1,668 1,703 1,719 258 236 272 212 261 374 362
1,764 1,710 1,668 1,703 1,719 1,804 1,831 1,956 1,965 1,878 1,890 1,769 1,701 1,634 1,525 1,395 1,523 343
1,804 1,831 1,956 1,965 1,878 1,890 1,769 1,701 1,634 333 307 280
1,525 1,395 1,523
3 Mo Avg
208
215
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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 .