FL ARCHIVED March 2018 | Page 116

Market Action Report
March 2018
Palm
Beach
County
Market Action Report
County: 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
$379,000
2%
4%
Other
$907,084 Trending
3% versus*: 6%
Month
LM 2%
L3M 4%
PYM 14%
LY
$290,000
$379,000
2% 8% 7%
4% 23%
$492,077
$907,084
3% -1%
6% -8%
13,496
$290,000 2,503
2% 36%
4% 14% -12%
8%
$492,077 8%
7%
23%
22%
77 -3% 1% 0%
13,496 -1%
-8%
$236 -4% -2% 3%
2,503 36%
-12%
$214 9% 7% 17%
77 -3% 1% 0% 1%
5.4 -27% -21% 4%
$236 -4% -2% 3% 6%
92.5% -.1% -.1% .1%
$214 9% 7% 17%
5.4 -27% -21% 4%
92.5% -.1% -.1% .1%
16%
$206
13%
11%
-11%
6.9
-0%
13%
Number
of 92.6%
Properties
-.0%
0% Sold 0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
March Month's Supply of Inventory
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2017) / YTD = Year-to-date
Property
Sales
3,500
March Property sales were 2,503, down 11.8% from 2,839 in
March of 2017 and 35.7% higher than the 1,845 sales last month. 3,000
Property
Sales
March 2018
sales were at their lowest level compared to March 3,500
March
Property
sales March
were 2,503,
down of
11.8%
from
in 8.9%
2,500
of 2017
and 2016.
YTD sales
6,084
are 2,839
running
March
of last
2017 year's
and 35.7%
higher than
behind
year-to-date
sales the
of 1,845
6,679. sales last month. 3,000
2,000
March 2018 sales were at their lowest level compared to March
10
0
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
15
16
17
18
3 Mo Avg
2,500
1,500
2,000
1,000
2,920
2,699
1,975
2,133
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
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16
17
18
A M J J A S O N D Median
J F M A Sales
M J J Price
A S O and
N D Average
J F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
15
16
17
18
3 Mo Avg
93.0%
93%
92.5%
92.4%
Inventory / New Listings / Sales
Inventory / New Listings / Sales
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
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
18
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
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
10,000
12,000
14,000
Total Inventory & Month's Supply of Inventory (MSI)
16,000
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 March 2018 was 3,922, up 1.3% from 3,872 last month and
down 11.4% from 4,428 in March of last year.
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
18
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
15
16
17
15
16
17
18
.
94%
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
15
16
17
18
16 A M J J A S O N D J F M 17
A M 15 J J A S O N D J F M
A M J J A S O N D J F M
15
16
17
18
0
94%
92%
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
16,000
was Total
13,496,
down 0.8%
from 13,604
last for
month
and
The
Inventory
of Properties
available
sale as
of down
March 8.2%
from
14,694
in March
of last
year. last
March
2018
at 14,000
was
13,496,
down
0.8% from
13,604
month
and Inventory
down 8.2% was 16,000
from
14,694 level
in March
of last with
year. March
March of 2018
was at 14,000
its lowest
compared
2017 Inventory
and 2016.
12,000
its lowest level compared with March of 2017 and 2016.
12,000
10,000
10,000 8,000
8,000 6,000
A comparatively lower MSI is more beneficial for sellers while a 6,000
4,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2018
MSI
of 5.4
higher
MSI
is better
for level
buyers.
The March
MSI of of 2017
5.4 and 4,000 2,000
months
was
at a mid
compared
with 2018
March
2,000
months
0
2016. was at a mid level compared with March of 2017 and
2016.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
92%
250 200
Inventory & MSI
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 March 2018 Selling Price vs Original
List Price of 92.5% was down from 92.6% last month and up
from 92.4% in March of last year.
93%
300 250
116 | c
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
15
16
17
18
350 300
200
182
173
compared to March of 2017 and 2016.
Median Sales Price and Average Sales Price
3 Mo Avg
214
Prices
The Median Sales Price in March was $290,000, up 13.9% from
500
Prices
$254,500 in March of 2017 and up 1.8% from $285,000 last
The
Median
Sales
Price Sales
in March
was
13.9% from
month.
The
Average
Price
in $290,000,
March was up
$492,077,
up
500 450
$254,500
in March
of 2017
and up of
1.8%
from
last
23.2% from
$399,410
in March
2017
and $285,000
up 8.2% from
month.
The last
Average
Sales
Price 2018
in March
up level 450 400
$454,985
month.
March
ASP was
was $492,077,
at the highest
23.2%
from $399,410
of 2017
and up 8.2% from
compared
to March in
of March
2017 and
2016.
$454,985 last month. March 2018 ASP was at the highest level
400 350
250
240
230
220
210
200
190
180
170
160
150
0
0
500
1,000
1,500
500
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 March 2018 Selling Price per Square Foot of $214 was up
8.6% from $197 last month and up 17.4% from 182 in March of
last year.
of 2017 and 2016. March YTD sales of 6,084 are running 8.9%
behind last year's year-to-date sales of 6,679.
30
20
3 Mo Avg
Number of Properties Sold
40
March Sold Price per Square Foot
50
March Sale Price vs List Price Ratio
60
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
6%
$241
6,084
-9%
16%
$206
78
0%
-11%
6.9
$241
7%
-.0%
92.6%
3%
8%
11%
13%
0%
77
70
March Sold Price per Square Foot
March Average Days on Market (Solds)
-9% 4%
0% 17%
7%
13%
3%
-0%
8%
0%
77
74
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
$280,000 6,084
12%
$472,437
17%
1%
78
80
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
17%
4%
17%
3 Mo Avg
90
March Average Sales Price
$472,437
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 March was 77, down 2.5% from 79
days last month and equal to 77 days in March of last year. The
March 2018 DOM was at a mid level compared with March of
2017 and 2016.
March
Sales
Price
March Median
Number
of Properties
Sold
Trending versus*:
YTD
Prior YTD 12%
Prior Year
$280,000
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
YTD
8%
22%
Community Information | School District
Price Range: All | Properties: SFH - Con
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Title
Phone
Website
Other
Average List Price of all Current Listings
Agent Name
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
March 2018
Palm Beach County
County: Palm Beach
March 2018
County: Palm Beach Community Information | School District
Market Action Report
8,000
6,000
4,000
2,000
0
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
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.
.
| 117
Data
provided
courtesy
of
Fort
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 c
of o
REALTORS,
of REALTORS,
of REALTORS
and estate
may
o of l Greater
d Greater
w Fort
el
l Lauderdale
ban
k REALTORS,
erh
o REALTOR
m Association
e s Association
co
m of Martin
l d w e Emerald
l b Coast
a n Association
k e r Association
h
o m of e REALTORS
s Pensacola
c o and
m Association
Data
is is
provided
courtesy
Lauderdale
REALTORS,
REALTOR
of Martin
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
Coast
Association
of l
REALTORS,
Pensacola
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.