FL ARCHIVED October 2017 | Page 132

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

City : West 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
$ 250,000
0 %
6 %
Average List Price of all Current Listings
$ 528,065
5 %
30 %
October Median Sales Price
$ 195,000
-10% -5%
15 %
15 %
$ 187,000
10 %
10 %
October Average Sales Price
$ 224,327
-14% -8%
-2%
0 %
$ 243,831
8 %
8 %
Total Properties Currently for Sale ( Inventory )
2,016
1 %
-12%
October Number of Properties Sold
271
5 %
-21%
3,652
-4%
October Average Days on Market ( Solds )
89
-2%
5 %
9 %
5 %
85
-1%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 188
6 %
6 %
7 %
11 %
$ 179
7 %
6 %
October Sold Price per Square Foot
$ 152
-1%
0 %
10 %
11 %
$ 148
9 %
8 %
October Month ' s Supply of Inventory
7.4
-3%
7 %
11 %
14 %
6.3
-4%
-4%
October Sale Price vs List Price Ratio
93.2 %
-. 9 %
. 2 %
-. 5 %
. 2 %
92.9 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
October Property sales were 271 , down 21.2 % from 344 in
October of 2016 and 4.6 % higher than the 259 sales last month .
Property
October 2017 Sales sales were at their lowest level compared to
600
500
October Property of 2016 sales and 2015 were . 271 October , down YTD 21.2 % sales from of 344 3,652 in are
October running of 4.0 2016 % behind and 4.6 % last higher year ' than s year-to-date the 259 sales sales last of month 3,806 ..
October 2017 sales were at their lowest level compared to
500
400
October of 2016 and 2015 . October YTD sales of 3,652 are running 4.0 % behind last year ' s year-to-date sales of 3,806 .
400
300
300
200
Agent Name

West Palm Beach Title

Phone Website Other

Community Information | School District

200 100
308 397 287 350 451 451
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 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
Prices Median Sales Price and Average Sales Price
14 15 16
17 3 Mo Avg
The Median Sales Price in October was $ 195,000 , up 14.7 % 300
Prices from $ 170,000 in October of 2016 and down 9.9 % from Median Sales Price and Average Sales Price
3 Mo Avg The $ 216,500 Median last Sales month Price . in The October Average was Sales $ 195,000 Price , up in 14.7 October % was
280
300 from $ 224,327 $ 170,000 , down in October 2.1 % from of 2016 $ 229,056 and down in October 9.9 % from of 2016 and 260 $ 216,500 last month . The Average Sales Price in October was
280
down 14.5 % from $ 262,292 last month . October 2017 ASP was 240 $ 224,327 , down 2.1 % from $ 229,056 in October of 2016 and 260 at a mid range compared to October of 2016 and 2015 .
220 down 14.5 % from $ 262,292 last month . October 2017 ASP was 240 200 at a mid range compared to October of 2016 and 2015 . 220
180 200
160 180
140 160
120
140 120
100
100 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 2,016 of , up Properties 1.4 % from available 1,989 last for sale month as of and down 3,000
10.0
October 12.4 % from was 2,016 2,302 , up in 1.4 October % from of 1,989 last year last month . October and 2017 down 3,000 10.0
2,500 8.0
12.4 Inventory % from 2,302 was at in its October lowest of level last compared year . October with 2017 October of 2016 2,500
8.0 Inventory and 2015 was . at its lowest level compared with October of 2016 2,000 and 2015 .
2,000 6.0
1,500 6.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The October 2017 MSI of 7.4 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 7.4
500 2.0 of 2016 500
2.0 months and 2015 was . at its highest level compared with October of 2016
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
447 430 478
308 397 287 350 451 451 447 430 478 362 385 398 340 411 266 295 443 478 402 427 365 382 404 344 368 349 329 330 436 409 438 441 376 363 259 271
2,606 2,546 2,681 2,745 2,658 2,537 2,457
2,606 2,546 2,681 2,745 2,658 2,537 2,457 2,365 2,313 2,241 2,200
362 385
Number of Properties Sold
398 340 411 266 295 443 478 402
2,365 2,313 2,241 2,200 2,301 2,310 2,253 2,401 2,543 2,496 2,553 2,443 2,395 2,324 2,252 2,339 2,302 2,377 2,288 2,409 2,453 2,419 2,361 2,225 2,217
427
2,301 2,310 2,253 2,401 2,543 2,496 2,553 2,443 2,395 2,324 2,252 2,339 2,302 2,377 2,288 2,409 2,453 2,419 2,361 2,225 2,217 2,124 2,107 1,989 2,016
365 382 404 344 368 349 329 330 436 409
3 Mo Avg
438 441 376 363
2,124 2,107 1,989 2,016
3 Mo Avg
259
271
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
132 | 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 .