FL ARCHIVED June 2017 | Page 134
Market Action Report
June 2017
West
Palm
Beach
Market Action Report
City: West Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
June 2017
Community Information | School District
City: West Palm Beach
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
$259,000
-0%
16%
Other
$512,205 Trending
-3% versus*:
39%
Month
LM 9%
L3M 12%
PYM 22%
LY
$207,500
$259,000
-0% 9% 5%
16% 11%
$255,785
$512,205 1,952
-3% -2% 39% -18%
$207,500 401
9% -6%
12% 22% -6%
22%
$255,785 9%
5%
11%
13%
89 5% 6% 7%
1,952 -2%
-18%
$169 0% -10% 13%
401 -6%
-6%
$152 2% 3% 9%
89 5% 6% 7% 5%
4.9 5% -2% -13%
$169 0% -10% 13% 0%
93.0% .5% .1% -.6%
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
$152 2%
4.9 5%
93.0% .5%
* 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
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
14
3 Mo Avg
3 Mo Avg
17
3 Mo Avg
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
1,500
1,500
A comparatively lower MSI is more beneficial for sellers while a 1,000
A higher
comparatively
lower MSI
is more The
beneficial
for sellers
MSI is better
for buyers.
June 2017
MSI while
of 4.9 a 1,000
500
higher
MSI
is better
for buyers.
June 2017
of 4.9
months
was
at its lowest
level The
compared
with MSI
June
of 2016 and 500
months
was
at
its
lowest
level
compared
with
June
of
2016
and
0
2015.
0
10.0
2,000
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
10.0
8.0
Inventory & MSI
6.0
4.0
2.0
0.0
8.0
6.0
4.0
2.0
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
14
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
.
295
16
Median Sales Price and Average Sales Price
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
The Total Inventory
Inventory
& MSI of Properties available for sale as of June
3,000
was Total
1,952,
down 1.5%
from 1,982
last month
and
18.1%
The
Inventory
of Properties
available
for sale
as down
of June
from
2,383
in June
last 1,982
year. last
June
2017
Inventory
was at its 3,000 2,500
was
1,952,
down
1.5% of
from
month
and
down 18.1%
from
2,383
in compared
June of last with
year. June
June of 2017
was at its
lowest
level
2016 Inventory
and 2015.
2,500
2,000
lowest level compared with June of 2016 and 2015.
134 | c
385
15
300
280
260
240
220
200
180
160
140
120
100
Prices
2015.
3 Mo Avg
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
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
Median Sales Price and Average Sales Price
0
240
220
200
180
160
140
120
100
0
100
month. June 2017 ASP was at the highest level compared to
June of 2016 and 2015.
0%
7%
7%
-10%
-0%
200
200 100
The Median Sales Price in June was $207,500, up 22.4% from
Prices
$169,589 in June of 2016 and up 8.6% from $191,000 last
The
Median
Sales
Price Sales
in June
was in
$207,500,
22.4% from
month.
The
Average
Price
June was up $255,785,
up 11.3%
300
$169,589
in June in
of June
2016 of
and
up 8.6%
from
$191,000
last
from $229,871
2016
and up
9.1%
from $234,400
last
280
month.
Average
Price
June
was $255,785,
up 11.3%
month. The
June
2017 Sales
ASP was
at in the
highest
level compared
to
260
from
$229,871
in
June
of
2016
and
up
9.1%
from
$234,400
last
June of 2016 and 2015.
0%
$181
2,322
1%
11%
$146
85
-1%
-25%
5.8
$181
15%
-.0%
92.8%
1% 6%
-1% 8%
15%
8%
0%
-14%
7%
-0%
300
300
$179,450 2,322
12%
$244,487
8%
5%
85
Number of Properties Sold
400
Trending versus*:
Prior YTD 12%
Prior Year 6%
22% YTD
$179,450
13%
$244,487
8%
8%
3% 9% 11%
$146
8%
7%
-2% -13% -25%
5.8 -14%
-10%
of 92.8%
Properties
.1% -.6% Number
-.0%
-0% Sold -0%
600
June Property sales were 401, down 6.1% from 427 in June of
2016 and 6.1% lower than the 427 sales last month. June 2017
500
Property
sales were Sales
at their lowest level compared to June of 2016 and 600
June
Property
sales sales
were of
401,
down
from 427
June of
2015.
June YTD
2,322
are 6.1%
running
0.5% in ahead
of last
400
2016
and
6.1% lower than
427 sales last month. June 2017
year's
year-to-date
sales the
of 2,310.
500
sales were at their lowest level compared to June of 2016 and
2015. June YTD sales of 2,322 are running 0.5% ahead of last
year's year-to-date sales of 2,310.
Trending versus*:
Prior YTD Prior Year
YTD
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.