FL ARCHIVED June 2017 | Page 128
Market Action Report
City: Palm Beach
June 2017
Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
June 2017
City: Palm Beach Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$1,219,800
-3%
23%
Other
$3,659,294 Trending
-5% versus*:
11%
Month
LM 54%
L3M 22%
PYM 24%
LY
$1,025,000
$1,219,800
-3% 15% -4%
23% -21%
$2,114,756
$3,659,294 358
-5% -12% 11% -8%
$1,025,000 54%
22% 24% -4%
74%
45 -17%
$2,114,756 204
15% 14%
-4% 19%
-21% 48%
17%
358 -12%
-8%
$732 11% -8% 12%
45 -17%
-4%
$725 18% 6% 5%
204 14% 19% 48% 38%
8.0 6% -9% -4%
$732 11% -8% 12% -6%
87.5% 1.7% .8% .3%
Average List Price of all Current Listings
Market
Profile
& Trends
June Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
June Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
June
Sales
Price
June Median
Number
of Properties
Sold
June Average Sales Price
June Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
June Number of Properties Sold
June Sold Price per Square Foot
June Average Days on Market (Solds)
June Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
June Sale Price vs List Price Ratio
June Sold Price per Square Foot
$725 18% 6%
8.0 6% -9%
87.5% 1.7% .8%
June Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
80
June Property sales were 45, down 4.3% from 47 in June of 2016
70
and 16.7% lower than the 54 sales last month. June 2017 sales
Property
Sales
were at their
lowest level compared to June of 2016 and 2015. 80
60
June
sales
45, running
down 4.3%
from
47 in June
of 2016
June Property
YTD sales
of were
242 are
0.8%
behind
last year's
year-
70
and
16.7%
lower
than
the
54
sales
last
month.
June
2017
sales
to-date sales of 244.
50
60
37%
242
22%
165
-6%
$767
242
-1%
27%
$666
165
16%
-46%
12.5
$767
-3%
.5%
87.2%
-1% 40%
16% 24%
-3%
20%
11%
-2%
-2%
-1%
11%
-2%
17%
-16%
0%
3 Mo Avg
3 Mo Avg
40
50
30
40
20
30
39
46
0
10
10
20
Prices
14
The Median Sales Price in June was $1,025,000, up 24.2% from
Prices
$825,000 in June of 2016 and up 54.1% from $665,000 last
3,200
The
Median
Sales
Price Sales
in June
was in
$1,025,000,
up 24.2% from
month.
The
Average
Price
June was $2,114,756,
down
$825,000
in June
of 2016 in
and
up 54.1%
from
21.3% from
$2,687,280
June
of 2016
and $665,000
up 15.0% last
from
3,200 2,700
month.
The Average
Sales June
Price 2017
in June
was
$2,114,756,
down
$1,838,978
last month.
ASP
was
at a mid range
21.3%
from
$2,687,280
in
June
of
2016
and
up
15.0%
from
compared to June of 2016 and 2015.
2,700 2,200
15
16
50
25
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 M J
14
15
16
17
J A S O N D J F M A Median
M J J A Sales
S O N Price
D J F and
M A Average
M J J A Sales
S O N Price
D J F M A M J
0
$1,838,978 last month. June 2017 ASP was at a mid range
compared to June of 2016 and 2015.
$825,000
$2,237,427
38%
Number of Properties Sold
were at their lowest level compared to June of 2016 and 2015.
June YTD sales of 242 are running 0.8% behind last year's year-
to-date sales of 244.
Trending versus*:
Prior YTD 37%
Prior Year 40%
74% YTD
$825,000
17% $2,237,427
22%
24%
5% 27%
$666
20%
17%
-4% -46%
12.5
-2%
-16%
of 87.2%
Properties
.3% Number
.5%
-1% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
June Month's Supply of Inventory
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
3 Mo Avg
17
Median Sales Price and Average Sales Price
3 Mo Avg
2,200 1,700
1,700 1,200
1,200 700
700 200
200
400
300
A comparatively lower MSI is more beneficial for sellers while a
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
June 2017
MSI while
of 8.0 a
higher
MSI
is better
for level
buyers.
The June
2017
MSI of of 2016
8.0 and
months
was
at a mid
compared
with
June
months
2015. was at a mid level compared with June of 2016 and
2015.
200
100
0
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
300
200
25.0
20.0
15.0
5.0
0
0.0
25.0
20.0
15.0
10.0
5.0
0.0
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 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 M J
14
15
16
17
15
16
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
.
30.0
10.0
100
14
128 | c
30.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of June
was Total
358, Inventory
down 11.8%
from 406 available
last month
8.4% from 600
The
of Properties
for and
sale down
as of June
391 358,
in June
last year.
June last
2017
Inventory
was 8.4%
at its from
lowest 600 500
was
down of 11.8%
from 406
month
and down
391
in June
of last with
year. June
June of 2017
Inventory
was at its lowest
level
compared
2016
and 2015.
500
400
level compared with June of 2016 and 2015.
Inventory & MSI
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 M J
15 A M J J A S O N D J F M 16
J A 14
S O N D J F M
A M J J A S O N D J F M A 17 M J
14
15
16
17
17
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
Asso
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
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 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.