FL ARCHIVED March 2018 | Page 132
Market Action Report
March 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
$259,000
4%
8%
Other
$456,566 Trending
-2% versus*:
-15%
Month
LM 10%
L3M 6%
PYM 27%
LY
$209,450
$259,000
4% 7% 3%
8% 22%
$283,595
$456,566 2,055
-2% -4% -15% -12%
$209,450 368
10% 36%
6% 27% -17%
12%
$283,595 7%
3%
22%
15%
81 5% 8% 9%
2,055 -4%
-12%
$185 -5% 0% -24%
368 36%
-17%
$157 5% 1% 12%
81 5% 8% 9% 9%
5.6 -29% -18% 6%
$185 -5% 0% -24% 5%
92.3% -.6% -.4% -.5%
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
600
March Property sales were 368, down 17.5% from 446 in March
of 2017 and 35.8% higher than the 271 sales last month. March
500
Property
2018 sales Sales
were at their lowest level compared to March of 2017
600
March
Property
sales YTD
were sales
368, of down
17.5%
from 446
in March
and 2016.
March
951 are
running
14.0%
behind
400
of last
2017
and 35.8%
higher sales
than the
271 sales last month. March
year's
year-to-date
of 1,106.
500
300
280
260
240
220
200
180
160
140
120
100
A comparatively lower MSI is more beneficial for sellers while a 2,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a 2,000
MSI is better
for buyers.
March for
2018
MSI
of 5.6
1,900
higher
MSI
is better
for buyers.
March 2018
of 5.6
months
was
at its highest
level The
compared
with MSI
March
of 2017 1,900
months
was
at
its
highest
level
compared
with
March
of
2017
1,800
and 2016.
1,800
3 Mo Avg
157
140
138
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 92.3% was down from 92.9% last month and down
from 92.8% in March of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
94%
93.5%
94%
92.8%
93%
92.3%
93%
92%
91%
91%
90%
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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Inventory / New Listings / Sales
Inventory / New Listings / Sales
10.0
10.0
8.0
6.0
4.0
2.0
0.0
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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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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
8.0
6.0
4.0
2.0
0.0
2,000
2,500
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 616, up 1.0% from 610 last month and down
10.1% from 685 in March of last year.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
2,100
2,100
200
190
180
170
160
150
140
130
120
110
100
92%
2,200
.
370
3 Mo Avg
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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Inventory & MSI
132 | c
427
Median Sales Price and Average Sales Price
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
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The Total Inventory
Inventory
& MSI of Properties available for sale as of March
2,400
was Total
2,055,
down 4.2%
from 2,145
last month
and
12.4%
The
Inventory
of Properties
available
for sale
as down
of March
from
2,345
in March
of last
year.
Inventory
was
2,055,
down
4.2% from
2,145
last March
month 2018
and down
12.4% was at 2,400 2,300
from
2,345 in
March
of last year.
March 2018
Inventory
was at
its lowest
level
compared
with March
of 2017
and 2016.
2,300
2,200
its lowest level compared with March of 2017 and 2016.
and 2016.
A M J J A S O N D Median
J F M A M Sales
J J A Price
S O N and
D J Average
F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
15
16
17
18
Prices
240
220
200
180
160
140
120
100
3 Mo Avg
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
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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 March 2018 Selling Price per Square Foot of $157 was up
4.8% from $150 last month and up 11.9% from 140 in March of
last year.
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0
100
$266,284 last month. March 2018 ASP was at the highest level
compared to March of 2017 and 2016.
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200
200 100
The Median Sales Price in March was $209,450, up 27.4% from
Prices
$164,450 in March of 2017 and up 9.7% from $191,000 last
The
Median
Sales
Price Sales
in March
was
27.4% from
month.
The
Average
Price
in $209,450,
March was up $283,595,
up
300
$164,450
in March
of 2017
and up of 9.7%
from
last
21.5% from
$233,341
in March
2017
and $191,000
up 6.5% from
280
month.
The last
Average
Sales
Price in
March
up level
$266,284
month.
March
2018
ASP was
was $283,595,
at the highest
260
21.5%
from
$233,341
in
March
of
2017
and
up
6.5%
from
compared to March of 2017 and 2016.
0
300
300
10
3 Mo Avg
Number of Properties Sold
400
20
2018 sales were at their lowest level compared to March of 2017
and 2016. March YTD sales of 951 are running 14.0% behind
last year's year-to-date sales of 1,106.
30
5%
5%
5%
9%
-0%
$157 5% 1% 12% 6%
$155
8%
5%
5.6 -29% -18% 6% -10%
6.8
4%
9%
of 92.6%
Properties
92.3% -.6% -.4% -.5% Number
-.6%
-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
40
March Sold Price per Square Foot
50
March Sale Price vs List Price Ratio
-3%
8%
5%
4%
5%
-0%
60
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
5%
$186
951 -14%
6%
$155
78
4%
-10%
6.8
$186
-3%
-.6%
92.6%
74
70
March Sold Price per Square Foot
March Average Days on Market (Solds)
-14% 7%
4% 13%
81
77
80
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
21%
951
16%
78
90
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
7%
13%
16%
3 Mo Avg
100
March Average Sales Price
$200,000
9% $279,444
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 81, up 5.2% from 77
days last month and up 9.5% from 74 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
$279,444
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 21%
Prior Year
$200,000
12%
15%
Community Information | School District
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
Price Range: All | Properties: SFH - Con
YTD
March 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
March 2018
Community Information | School District
City: West Palm Beach
Market Action Report
1,500
1,000
500
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
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16
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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 inf ormation
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.