FL ARCHIVED April 2017 | Page 96

Market Action Report
April 2017
PALM
BEACH COUNTY
County: Palm Beach
Agent Name
Market Action Report
April 2017
Title
Phone
Agent
Website Name
Title
Other
Phone
Trending versus*:
Month
Website LM L3M PYM LY
$1,995,000
2%
Other -0%
Community Information | School District
County: Palm Beach
Price Range: $1,000,000 and Up | Properties: SFH - Con
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: $1,000,000 and Up | Properties: SFH - Con
Trending versus*:
Prior YTD Prior Year
YTD
$3,521,221 1% Trending versus*:
5%
Trending versus*:
$1,600,000
-4% PYM
3% -3%
$1,665,000
-1%
1% Year
Month -1%
LM L3M
LY
YTD
Prior
YTD Prior
$2,588,371 -0%
-3% -5% -5%
3% $2,716,974
2%
8%
$1,995,000
2%
Total Properties
for Sale
(Inventory)
2,252 -2%
-0%
Average
List Price Currently
of all Current
Listings
$3,521,221
1%
5%
April Median
Number Sales
of Properties
Sold
149 -1%
2% -4% 3%
1% -3% $1,665,000
499
9%
April
Price
$1,600,000
-1%
1%
April Average
Average Sales
Days Price
on Market (Solds)
150 -11%
-9% -12%
164
-3%
-4%
April
$2,588,371
-3% -5%
-5% -12%
3% $2,716,974
2%
8%
Asking
Price per Currently
Square Foot
(based
on New Listings)
$614 -19%
-4% -5%
$673
4%
4%
Total
Properties
for Sale
(Inventory)
2,252
-2% -9% -0%
April Number
Sold Price
per Square Sold
Foot
$600
4% 1% 1%
3% 5%
$596
3%
5%
April
of Properties
149 2%
499
9%
April Average
Month's Days
Supply
Inventory
15.1
-4% -13%
-1% -12%
-25%
19.0
-4%
-5%
April
on of
Market
(Solds)
150 -11%
-9% -12%
164
-3%
-4%
April Sale
Price
List Price
87.1%
-1.4% -1.0%
88.0%
-0%
-0%
Asking
Price
per vs
Square
Foot Ratio
(based on New Listings)
$614 -19%
-9% -.9%
-4% -1.2%
-5%
$673
4%
4%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
April
Sold Price per Square Foot
$600 4% 1% 3% 5%
$596
3%
5%
Number
April Month's Supply of Inventory
15.1 -4% -13% -1%
-25% of Properties
19.0 Sold
-4%
-5%
Property
Sales
April
Sale Price
vs List Price Ratio
87.1% -1.4% -1.0% -.9% -1.2%
88.0%
-0%
-0%
200
Average List Price of all Current Listings
April Median
Sales
Price
Market
Profile
& Trends
Overview
April Average
Sales
Price
Median
List Price
of all
Current Listings
3 Mo Avg
April Property
sales
were / 149,
up 0.7%
148
in April
of 2016
* LM=Last
Month / L3M=Last
3 Months
PYM=Same
Month from
Prior Year
/ LY=Last
Year (2016)
/ YTD = Year-to-date
180
3 Mo Avg
90
91
Median Sales Price and Average Sales Price
20
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
60
120
40
100
20
80
0
60
100
160
80
140
40
Prices
Number of Properties Sold
160
140
200
120
180
and 2.1% higher than the 146 sales last month. April 2017 sales
were at a mid level compared to April of 2016 and 2015. April
YTD sales of
499 are running 9.4% ahead of last year's year-to-
Property
Sales
date Property
sales of 456.
April
sales were 149, up 0.7% from 148 in April of 2016
and 2.1% higher than the 146 sales last month. April 2017 sales
were at a mid level compared to April of 2016 and 2015. April
YTD sales of 499 are running 9.4% ahead of last year's year-to-
date sales of 456.
3 Mo Avg
0
The Median Sales Price in April was $1,600,000, up 3.2% from
3,300 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
$1,550,000 in April of 2016 and down 1.0% from $1,616,813
3,100 14
15
16
17
last month. The Average Sales Price in April was $2,588,371,
2,900
down
4.9%
from
$2,721,831
in
April
of
2016
and
down
2.9%
Median
Sales
Price
and
Average
Sales
Price
Prices
3 Mo Avg
from
$2,665,619
month.
ASP was up
at 3.2%
a mid from
range 2,700
The
Median
Sales last
Price
in April April
was 2017
$1,600,000,
3,300
2,500
compared
to
April
of
2016
and
2015.
$1,550,000 in April of 2016 and down 1.0% from $1,616,813
3,100
2,300
last month. The Average Sales Price in April was $2,588,371,
2,900
2,100
down 4.9% from $2,721,831 in April of 2016 and down 2.9%
1,900
from $2,665,619 last month. April 2017 ASP was at a mid range 2,700
1,700
2,500
compared to April of 2016 and 2015.
1,500
2,300
1,300
2,100
1,900 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
16
17
1,700 14
1,500
Total Inventory & Month's Supply of Inventory (MSI)
Inventory & MSI
1,300
The Total Inventory of Properties available for sale as of April
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
2,500
30.0
was 2,252, down 1.9% from 2,296 last month and down 0.1%
14
15
16
17
from 2,255 in April of last year. April 2017 Inventory was at a
25.0
2,000
mid level compared with April of 2016 and 2015.
Total Inventory & Month's Supply of Inventory (MSI)
Inventory
& MSI
20.0
1,500
The Total Inventory of Properties available for sale as of April
2,500
30.0
15.0
was 2,252, down 1.9% from 2,296 last month and down 0.1%
1,000
from 2,255 in April of last year. April 2017 Inventory was at a
25.0
10.0
A comparatively lower MSI is more beneficial for sellers while a 2,000
mid level compared with April of 2016 and 2015.
higher MSI is better for buyers. The April 2017 MSI of 15.1
500
20.0
5.0
1,500
months was at a mid level compared with April of 2016 and
15.0
0
0.0
2015.
1,000 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
10.0
A comparatively lower MSI is more beneficial for sellers while a
14
15
16
17
higher MSI is better for buyers. The April 2017 MSI of 15.1
500
5.0
months was at a mid level compared with April of 2016 and
0.0
0
2015.
M J and J Up A | Property
S O Types:
N D SFH
J F - Con
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
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000
14 Association of REALTORS, My
15 Florida Regional MLS, Naples Area Board of REALTORS,
16
Data is provided courtesy of Greater Fort Lauderdale REALTORS, REALTOR Association of Martin County, Miami
REALTORS Association of the Palm 17
Beaches, Space Coast Association of REAL
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.
96 | coldwellbankerluxury.com
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: $1,000,000 and Up | 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 REA
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.