FL ARCHIVED October 2017 | Page 126

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

City : 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
$ 1,239,600
0 %
13 %
Average List Price of all Current Listings
$ 3,744,032
4 %
3 %
October Median Sales Price
$ 2,175,000
542 % 277 % 348 % 269 %
$ 767,500
32 %
30 %
October Average Sales Price
$ 2,657,429
262 % 45 %
12 %
47 %
$ 2,113,150
12 %
17 %
Total Properties Currently for Sale ( Inventory )
375
5 %
-4%
October Number of Properties Sold
14 -26%
-7%
338
-2%
October Average Days on Market ( Solds )
242
44 %
19 %
5 %
64 %
176
18 %
19 %
Asking Price per Square Foot ( based on New Listings )
$ 911
-2%
15 %
25 %
16 %
$ 778
0 %
-1%
October Sold Price per Square Foot
$ 736
53 %
23 %
38 %
29 %
$ 648
16 %
14 %
October Month ' s Supply of Inventory
26.8
43 %
39 %
3 %
80 %
14.7
5 %
-1%
October Sale Price vs List Price Ratio
83.7 % -5.0% -1.7% . 2 %
-3.9%
86.6 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Palm Beach Title

Phone Website Other

Community Information | School District

Property Sales
80
October Property sales were 14 , down 6.7 % from 15 in October of 2016 and 26.3 % lower than the 19 sales last month . October
70
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to October of
October
2016 and Property 2015 . sales October were YTD 14 , down sales 6.7 of 338 % from are 15 running October 2.0 % of behind 2016 and last 26.3 year %' s lower year-to-date than the sales 19 sales of 345 last . month . October
2017 sales were at their lowest level compared to October of
2016 and 2015 . October YTD sales of 338 are running 2.0 %
80
70
60
60
50
40
behind last year ' s year-to-date sales of 345 .
50
30
40
20
30
10
20
0
10
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 $ 2,175,000 , up 348.5 %
N
D
J
F M A M J
14
15
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
16
17
J
A S O
3 Mo Avg
Prices from $ 485,000 in October of 2016 and up 541.6 % from
The
$ 339,000 Median last Sales month Price . in The October Average was Sales $ 2,175,000 Price , in up October 348.5 % was
3,200
Median Sales Price and Average Sales Price
3 Mo Avg
from
$ 2,657,429 $ 485,000 , up in 12.4 October % from of 2016 $ 2,364,632 and up 541.6 in October % from of 2016 and
$ up 339,000 262.1 % last from month $ 733,921 . The Average last month Sales . Price October in October 2017 ASP was was at
3,2002,700
$ the 2,657,429 highest , up level 12.4 compared % from $ 2,364,632 to October in of October 2016 and of 2016 2015 and . up 262.1 % from $ 733,921 last month . October 2017 ASP was at
2,7002,200
the highest level compared to October of 2016 and 2015 .
2,2001,700
1,200
18 40 44 33 53 73 55 66 33 31 46 39 30 33 28 25 50 48 46 47 26 32 28 15 22 24 22 30 48 43 55 48 29 30 19 14
1,7001,200
700
200
200
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 375 , up of Properties 5.3 % from available 356 last for month sale and as of down 3.8 %
October from 390 was in 375 October , up 5.3 of % last from year 356 . last October month 2017 and Inventory down 3.8 % was
600 at
600
500
Total Inventory & Month ' s Supply of Inventory ( MSI )
30.0
30.0
25.0
from its lowest 390 in level October compared of last year with . October 2017 of 2016 Inventory and 2015 was . at its lowest level compared with October of 2016 and 2015 .
500
400
25.0
20.0
400
300
20.0
15.0
300
A comparatively lower MSI is more beneficial for sellers while a
A comparatively lower MSI is more beneficial for sellers while a
200 higher MSI is better for buyers . The October 2017 MSI of 26.8 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 26.8 of
2016100 months and 2015 was
. at its highest level compared with October of 2016 and 2015 .
0
15.0
200
10.0
100
5.0
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
10.0
5.0
0.0
489
700
480
18 40
519 489
480 547 44 519 522
33 547 494
53 522 437
73 494 424
55 437 415
66 424 398
33 415
397 31
442 398 470 46 39
Number of Properties Sold
30 33 28 25 50 48 46 47 26
397 471 442 505 470 519 471 490 483
505
433 519
391 490
366 483
344 433
359 391
390 366
344 429
359 460
390 487
429 506 507
460 479 487
431 506
397 507
370 479
366 431
356 397
375 370
32 28 15 22 24 22 30 48 43 55 48
366 29
356
3 Mo Avg
30
375 19 14
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
126 | 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 .