FL ARCHIVED April 2017 | Page 120

Market Action Report April 2017 Palm Beach County Market Action Report County: Palm Beach Agent Name Title Phone Agent Name Website Title Other April 2017 County: 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 $375,000 0% 15% Other $892,647 Trending 1% versus*: 19% Month LM 4% L3M 4% PYM 6% LY $265,000 $375,000 0% 4% 3% 15% 6% $422,088 $892,647 1% -3% 19% -18% 13,233 $265,000 2,498 4% -9% 4% 6% -9% 6% $422,088 4% 3% 6% 12% 89 2% 1% 0% 13,233 -3% -18% $213 -8% -5% 6% 2,498 -9% -9% $189 3% 2% 7% 89 2% 1% 0% 0% 5.3 7% -11% -10% $213 -8% -5% 6% 1% 92.2% -.2% -.2% -.6% 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 6% Prior Year 2% 6% YTD $255,000 12% $411,387 8% 10% $255,000 9,027 6% $411,387 8% 0% 88 -1% 2% 0% 10% 8% 8% -1% -11% 7% -0% 1% $224 9,027 -1% 8% $185 88 0% -16% 6.4 $224 8% -.7% 92.4% -1% 7% 6% 2% -0% $189 3% 2% 7% 8% $185 8% 6% 5.3 7% -11% -10% -16% 6.4 -11% 2% of 92.4% Properties 92.2% -.2% -.2% -.6% Number -.7% -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 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 3,500 April Property sales were 2,498, down 9.2% from 2,751 in April of 2016 and 9.2% lower than the 2,751 sales last month. April 3,000 Property 2017 sales Sales were at their lowest level compared to April of 2016 3,500 April sales were 2,498, down 9.2% from 2,751 in behind April 2,500 and Property 2015. April YTD sales of 9,027 are running 0.8% of last 2016 and year-to-date 9.2% lower than the of 2,751 sales last month. April 3,000 year's sales 9,099. 2,000 2017 sales were at their lowest level compared to April of 2016 and 2015. April YTD sales of 9,027 are running 0.8% behind last year's year-to-date sales of 9,099. Trending versus*: Prior YTD Prior Year YTD 3 Mo Avg Number of Properties Sold 3 Mo Avg 2,500 1,500 2,000 1,000 Prices 14 300 250 200 Inventory & MSI 16 250 200 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 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 Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) 10.0 10.0 0 8.0 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 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 . 3 Mo Avg 300 14 120 | c 17 Median Sales Price and Average Sales Price The Total Inventory Inventory & MSI of Properties available for sale as of April 18,000 was Total 13,233, down 2.6% from 13,590 last for month and The Inventory of Properties available sale as of down April 18.0% 16,000 18,000 from 16,146 in April last 13,590 year. April 2017 and Inventory was at its was 13,233, down 2.6% of from last month down 18.0% 14,000 from 16,146 April of last year. April lowest level in compared with April of 2017 2016 Inventory and 2015. was at its 16,000 14,000 12,000 lowest level compared with April of 2016 and 2015. 12,000 10,000 10,000 8,000 A comparatively lower MSI is more beneficial for sellers while a 8,000 6,000 6,000 4,000 A higher comparatively lower MSI is more The beneficial sellers MSI is better for buyers. April for 2017 MSI while of 5.3 a 4,000 2,000 higher MSI is better for level buyers. The April 2017 MSI of of 2016 5.3 and months was at a mid compared with April 2,000 months 0 2015. was at a mid level compared with April of 2016 and 2015. 2,861 2,992 2,476 1,890 15 The Median Sales Price in April was $265,000, up 6.0% from 450 Prices $250,000 in April of 2016 and up 3.9% from $255,000 last The Median Sales Price Sales in April was in $265,000, 6.0% from up 5.6% month. The Average Price April was up $422,088, 450 $250,000 in April in of April 2016 of and up and 3.9% up from $255,000 last from $399,784 2016 4.5% from $404,044 last 400 month. Average Price at in the April was $422,088, up 5.6% month. The April 2017 Sales ASP was highest level compared to from in April of 2016 and up 4.5% from $404,044 last 400 350 April $399,784 of 2016 and 2015. 350 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 Median F M A M Sales J J A Price S O N and D J F Average M A M J Sales J A S Price O N D J F M A 3 Mo Avg 0 month. April 2017 ASP was at the highest level compared to April of 2016 and 2015. 0 500 500 1,000 1,500 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.