FL ARCHIVED October 2017 | Page 128

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

City : Palm Beach Gardens

Price Range : All | Properties : SFH - Con
Agent Name

Palm Beach Gardens Title

Phone Website Other

Community Information | School District

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
$ 579,000
-1%
3 %
Average List Price of all Current Listings
$ 982,039
-2%
-3%
October Median Sales Price
$ 360,000
-21% -10% -24%
-3%
$ 400,000
9 %
8 %
October Average Sales Price
$ 416,906
-31% -25% -34% -19%
$ 599,660
18 %
17 %
Total Properties Currently for Sale ( Inventory )
693
4 %
-17%
October Number of Properties Sold
76 -19%
-38%
1,246
-3%
October Average Days on Market ( Solds )
99
-7%
6 %
-3%
1 %
100
1 %
2 %
Asking Price per Square Foot ( based on New Listings )
$ 259
-7%
0 %
4 %
7 %
$ 251
5 %
3 %
October Sold Price per Square Foot
$ 207
-10% -4%
-5%
1 %
$ 222
10 %
9 %
October Month ' s Supply of Inventory
9.1
29 %
30 %
35 %
32 %
6.9
1 %
0 %
October Sale Price vs List Price Ratio
92.7 %
-. 2 % -. 2 % -1.3% -. 1 %
92.4 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
180
October Property sales were 76 , down 38.2 % from 123 in
October of 2016 and 19.1 % lower than the 94 sales last month .
160
Number of Properties Sold
3 Mo Avg
Property
October 2017 Sales sales were at their lowest level compared to
180
140
October Property of 2016 sales and 2015 were . 76 October , down 38.2 YTD % sales from of 123 1,246 in are
October running of 3.0 2016 % behind and 19.1 last % lower year ' than s year-to-date the 94 sales sales last of month 1,284 . .
160
120
October 2017 sales were at their lowest level compared to
140
100
October of 2016 and 2015 . October YTD sales of 1,246 are running 3.0 % behind last year ' s year-to-date sales of 1,284 .
120
80
100
60
80
40
60
20
40
0
20
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 $ 360,000 , down 24.2 %
Prices from $ 475,000 in October of 2016 and down 20.5 % from
The
$ 453,000 Median last Sales month Price . in The October Average was Sales $ 360,000 Price , down in October 24.2 % was
700 from
$ 416,906 $ 475,000 , down in October 33.8 % from of 2016 $ 629,928 and down in October 20.5 % from of 2016 and
$ down 453,000 31.2 last % from month $ . 606,328 The Average last month Sales Price . October in October 2017 was ASP was
650
$ at 416,906 the lowest , down level 33.8 compared % from $ 629,928 to October in October of 2016 of and 2016 2015 and .
600
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
700
Median Sales Price and Average Sales Price
650
600
550
J
A S O
3 Mo Avg
3 Mo Avg
down 31.2 % from $ 606,328 last month . October 2017 ASP was at the lowest level compared to October of 2016 and 2015 .
550
500
500
450
450
400
400
350
92 129 85 84 139 164
92 129 85 84 139 164 155 150 142 142 117 124 97 115 104 93 138 124 151 154 135 150 112 123 104 133 99 100 133 151 169 150 124 150 94 76
350
300
300
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 693 , up of Properties 4.1 % from available 666 last for month sale as and of down 16.5 %
1,000
October from 830 was in 693 October , up 4.1 of % last from year 666 . last October month 2017 and Inventory down 16.5 % was
1,000 at
800 from its lowest 830 in level October compared of last year with . October 2017 of 2016 Inventory and 2015 was . at
800 its lowest level compared with October of 2016 and 2015 .
600
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
12.0
10.0
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial October for 2017 sellers MSI while of a 9.1 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 9.1 of 2016
200 months and 2015 was
. at its highest level compared with October of 2016 and 2015 .
0
400
6.0
4.0
200
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
4.0
2.0
0.0
808
155 150 142
778 864 909 870 816 817 795 756
808
778 864 909 870 816 817 795 756 699 700
142 117
745 738 727
824
Number of Properties Sold
124
699 700 745
97 115 104 93 138 124 151 154 135 150 112 123
824 874 901 923 883 858 831 816 825 830 836 104 133 99
738 874
727 901
923 883 858 831 816 825 830 836 826 861 917 945 925 840 850 100 133
777 727
151
826
861 917 945 925 840 850
169
666 693
150 124 150
777
727 666 693
3 Mo Avg
94
76
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
128 | 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 .