FL ARCHIVED April 2017 | Page 136

Market Action Report
April 2017
West
Palm
Beach
Market Action Report
City: West Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
April 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
$265,000
3%
23%
Other
$560,446 Trending
-0% versus*:
52%
Month
LM 17%
L3M 11%
PYM 29%
LY
$193,500
$265,000
3% 10% 5%
23% 19%
$258,972
$560,446 2,072
-0% -3% 52% -18%
$193,500 386
17% -9%
11% 29% -19%
14%
$258,972 10%
5%
19%
15%
83 2% -1% -6%
2,072 -3%
-18%
$168 -31% -10% 3%
386 -9%
-19%
$148 4% 2% 15%
83 2% -1% -6% -2%
5.4 7% -8% 1%
$168 -31% -10% 3% -1%
92.8% -.2% .1% .3%
Average List Price of all Current Listings
Market
Profile
& Trends
April Median
Sales
Price Overview
Median
List Price
of all Price
Current Listings
April Average
Sales
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
April
Sales
Price
April Median
Number
of Properties
Sold
April Average Sales Price
April Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
April Number of Properties Sold
April Sold Price per Square Foot
April Average Days on Market (Solds)
April Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
April Sale Price vs List Price Ratio
April Sold Price per Square Foot
Trending versus*:
Prior YTD 9%
Prior Year 3%
14% YTD
$174,000
15%
$246,704
10%
9%
$174,000 1,460
9%
$246,704
10%
-2%
84
-1%
$187
1,460
-1%
8%
$145
84
-3%
-16%
6.1
$187
19%
-.2%
92.7%
April 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
600
April Property sales were 386, down 19.1% from 477 in April of
2016 and 9.2% lower than the 425 sales last month. April 2017
500
Property
sales were Sales
at their lowest level compared to April of 2016 and 600
April
Property
sales sales
were of
386,
down
from 1.4%
477 in
April last
of
2015.
April YTD
1,460
are 19.1%
running
behind
400
2016
and
9.2% lower than
425 sales last month. April 2017
year's
year-to-date
sales the
of 1,480.
500
Prices
14
300
280
260
240
220
200
180
160
140
120
100
3 Mo Avg
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
A comparatively lower MSI is more beneficial for sellers while a 1,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
MSI is better
for buyers.
April for
2017
MSI while
of 5.4 a 1,000
500
higher
MSI
is better
for level
buyers.
The April
2017
MSI of of 2016
5.4 and
months
was
at a mid
compared
with
April
500
months
was
at
a
mid
level
compared
with
April
of
2016
and
0
2015.
0
10.0
8.0
1,500
1,500
10.0
2,000
6.0
4.0
2.0
0.0
8.0
6.0
4.0
2.0
0.0
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 J A S O N D J F M A
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
.
17
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
Inventory & MSI
136 | c
411
16
Median Sales Price and Average Sales Price
15 A M J J A S O N D J F M 16
M J 14 J A S O N D J F M
A M J J A S O N D J F M A 17
14
15
16
17
The Total Inventory
Inventory
& MSI of Properties available for sale as of April
3,000
was Total
2,072,
down 2.7%
from 2,129
last month
and
18.1%
The
Inventory
of Properties
available
for sale
as down
of April
from
2,531
in April
last 2,129
year. last
April
2017 and
Inventory
was at its 3,000 2,500
was
2,072,
down
2.7% of
from
month
down 18.1%
from
2,531
in April
of last with
year. April
April of 2017
was at its
lowest
level
compared
2016 Inventory
and 2015.
2,500
2,000
l owest level compared with April of 2016 and 2015.
2015.
477
15
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
14
15
16
17
M J J A S O N D J F Median
M A M J Sales
J A S Price
O N D and
J F Average
M A M J Sales
J A S Price
O N D J F M A
3 Mo Avg
0
240
220
200
180
160
140
120
100
0
100
$235,029 last month. April 2017 ASP was at the highest level
compared to April of 2016 and 2015.
200 100
The Median Sales Price in April was $193,500, up 29.0% from
Prices
$150,000 in April of 2016 and up 17.3% from $165,000 last
The
Median
Sales
Price Sales
in April
was in
$193,500,
up $258,972,
29.0% from
month.
The
Average
Price
April was
up
300
$150,000
in April
of 2016
and up of 17.3%
$165,000
last
19.0% from
$217,627
in April
2016 from
and up
10.2% from
month.
The last
Average
Sales
Price 2017
in April
up level 280
$235,029
month.
April
ASP was
was $258,972,
at the highest
260
19.0%
from $217,627
in 2016
April and
of 2016
and up 10.2% from
compared
to April of
2015.
3 Mo Avg
200
300
3 Mo Avg
300
400
-1%
11%
6%
-4%
-0%
Number of Properties Sold
sales were at their lowest level compared to April of 2016 and
2015. April YTD sales of 1,460 are running 1.4% behind last
year's year-to-date sales of 1,480.
-1% 3%
-3% 9%
19%
10%
-1%
-14%
11%
-0%
$148 4% 2% 15% 8%
$145
10%
6%
5.4 7% -8% 1% -16%
6.1 -14%
-4%
of 92.7%
Properties
92.8% -.2% .1% .3% Number
-.2%
-0% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April Month's Supply of Inventory
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.