FL ARCHIVED February 2018 | Page 132

Market Action Report
February 2018
West
Palm
Beach
Market Action Report
City: West Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
Price Range: All | Properties: SFH - Con
Phone
Month
Website
LM
Trending versus*:
L3M PYM
LY
$254,000
2%
6%
Other
$469,995 Trending
-2% versus*:
10%
Month
LM -2%
L3M -2%
PYM 13%
LY
$191,750
$254,000
2% -6% 1%
6% 15%
$269,500
$469,995 2,137
-2% 1% 10% -10%
$191,750 262
-2% -16%
-2% 13% -21%
2%
$269,500 -6%
1%
15%
9%
77 3% 4% -1%
2,137 1%
-10%
$196 8% 7% 17%
262 -16%
-21%
$151 -4% -1% 5%
77 3% 4% -1% 4%
8.2 20% 15% 14%
$196 8% 7% 17% 10%
93.1% .6% .2% -.3%
10%
2%
31%
.3%
17%
573
14%
76
$188
-13% 3%
1% 13%
13%
128
402
345
Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The February 2018 Selling Price vs Original
List Price of 93.1% was up from 92.5% last month and down
from 93.4% in February of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
94%
93.4%
93%
93.1%
92.0%
92%
89%
88%
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
15
16
17
18
Inventory / New Listings / Sales
Inventory / New Listings / Sales
10.0
8.0
6.0
4.0
2.0
0.0
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
18
3,000
2.0
0.0
0
4.0 500
6.0 1,000
8.0 1,500
10.0
2,000
2,500
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in February 2018 was 616, down 9.8% from 683 last month and
down 5.2% from 650 in February of last year.
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
18
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
15
16
17
15
16
17
18
.
151
144
90%
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
132 | c
3 Mo Avg
91%
2,100
A comparatively lower MSI is more beneficial for sellers while 2,100
a 2,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
while of a 8.2 2,000
MSI is better
for buyers.
February
2018 MSI
higher
MSI
is better
for buyers.
February with
2018
MSI of 8.2
months
was
at its highest
level The
compared
February
of 2017 1,900
months
was at its highest level compared with February of 2017 1,900 1,800
and 2016.
1,800
3 Mo Avg
M A 15
M J J A S O N D J F M 16 A M J J A S O N D J F M 17
A M J J A S O N D J F
15
16
17
18
2,200
200
190
180
170
160
150
140
130
120
110
100
Inventory & MSI
Median Sales Price and Average Sales Price
The Total Inventory
Inventory
& MSI of Properties available for sale as of
2,500
February
was 2,137,
1.4% from
2,107 for
last sale
month
The
Total Inventory
of up
Properties
available
as of and down
2,500 2,400
9.6% from
of 2,107
last year.
February
2018
February
was 2,365
2,137, in up February
1.4% from
last month
and down
9.6%
from 2,365
in its
February
last compared
year. February
2018
Inventory
was at
lowest of
level
with February
of 2,400 2,300
Inventory
at its lowest level compared with February of
2017 and was
2016.
2,300
2,200
2017 and 2016.
and 2016.
300
280
260
240
220
200
180
160
140
120
100
240
220
200
180
160
140
120
100
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
15
16
17
18
down 6.0% from $286,784 last month. February 2018 ASP was
at the highest level compared to February of 2017 and 2016.
3 Mo Avg
M A M J J A S O N D
J F M A Sales
M J J Price
A S O and
N D Average
J F M A Sales
M J J Price
A S O N D J F
Median
3 Mo Avg
15
16
17
18
Prices
The Median Sales Price in February was $191,750, up 12.8%
Prices
from $170,000 in February of 2017 and down 1.7% from
The
Median last
Sales
Price in The
February
was
$191,750,
12.8%
$195,000
month.
Average
Sales
Price up
in February
was
300
from
$170,000
February
2017 and in down
1.7% from
$269,500,
up in
15.1%
from of
$234,065
February
of 2017 and
280
$195,000
last from
month.
The Average
Sales Price
in February
down 6.0%
$286,784
last month.
February
2018 was
ASP was
260
$269,500,
up
15.1%
from
$234,065
in
February
of
2017
and
at the highest level compared to February of 2017 and 2016.
0
0
Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The February 2018 Selling Price per Square Foot of $151 was
down 4.1% from $157 last month and up 4.5% from 144 in
February of last year.
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
15
16
17
18
200 100
100
40
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
15
16
17
18
200
300
400
50
0
300
February 2018 sales were at their lowest level compared to
February of 2017 and 2016. February YTD sales of 573 are
running 13.2% behind last year's year-to-date sales of 660.
60
10
3 Mo Avg
Number of Properties Sold
70
20
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
600
February Property sales were 262, down 20.8% from 331 in
February of 2017 and 15.8% lower than the 311 sales last month. 500
Property
Sales
February 2018
sales were at their lowest level compared to
600
February
were 262,
down 20.8%
from of
331
in are
February Property
of 2017 sales
and 2016.
February
YTD sales
573
400
February
2017 behind
and 15.8%
the 311 sales
last of month.
running of
13.2%
last lower
year's than
year-to-date
sales
660.
500
77
71
30
3%
6%
4%
20%
-0%
573 -13%
February Sold Price per Square Foot
$154
7%
February Average Days on Market (Solds)
76
1%
3%
February Month's Supply of Inventory
7.5
4%
Asking Price per Square Foot (based on New Listings)
$188
13%
6%
February Sale Price vs List Price Ratio
92.8%
0%
February Sold Price per Square Foot
$151
-4%
-1%
5%
2%
$154
7%
4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
February Month's Supply of Inventory
8.2 20% 15% 14% 31%
7.5
4%
20%
of 92.8%
Properties
February Sale Price vs List Price Ratio
93.1% .6% .2% -.3% Number
.3%
0% Sold -0%
February Number of Properties Sold
78
80
Asking Price per Square Foot (based on New Listings)
14%
90
February Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
3%
13%
3 Mo Avg
100
February Average Sales Price
$192,500
4% $278,881
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for February was 77, up 2.7% from 75
days last month and down 1.3% from 78 days in February of last
year. The February 2018 DOM was at a mid level compared with
February of 2017 and 2016.
February
Sales
Price
February Median
Number
of Properties
Sold
$278,881
Days On Market for Sold Properties
Market Time
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Trending versus*:
Prior YTD Prior Year
Trending versus*:
YTD
Prior YTD 17%
Prior Year
$192,500
2%
9%
Community Information | School District
Market
Profile
& Sales
Trends
Overview
February
Median
Price
Median
List Average
Price of Sales
all Current
February
Price Listings
Title
Phone
Website
Other
Average List Price of all Current Listings
Agent Name
Price Range: All | Properties: SFH - Con
YTD
February 2018
West Palm Beach
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
City: West Palm Beach
February 2018
Community Information | School District
City: West Palm Beach
Market Action Report
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
15
16
17
18
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
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 Association of REALTORS
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.
.
| 133
Data
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Association Flagler
of REALTORS,
Flagler County
Association
of REALTORS,
Bonita
Springs-Estero
Association
REALTORS,
Royal Palm
Coast REALTOR
Association,
Navarre Area
Board
of o
REALTORS,
REALTORS,
of REALTORS
and estate
may
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
c Coast
l Association
d w e Emerald
l b Coast
a n Association
k e r Association
h of o
me
s Pensacola
c o and
m Association
Data
is is
provided
courtesy
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REALTORS,
County Association
of REALTORS,
Bonita
Springs-Estero
Association
of REALTORS,
Royal of
Palm
Coast REALTOR
Association,
Navarre Area
Board of REALTORS,
Emerald
of l REALTORS,
Pensacola
of REALTORS
may not reflect
all relevant real
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.