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.