Market Action Report January 2017
Community Information | School District
Market Action Report January 2017
County : Palm Beach
Price Range : All | Properties : SFH - Con
Trending versus *: |
Trending versus *: |
Market Profile & Trends Overview |
Month |
LM |
L3M |
PYM |
LY |
YTD |
Prior YTD |
Prior Year |
Median List Price of all Current Listings |
$ 364,999 |
2 % |
|
14 % |
|
|
|
|
Average List Price of all Current Listings |
$ 859,251 |
-0% |
|
15 % |
|
|
|
|
January Median Sales Price |
$ 250,000 |
-4% |
-2% |
11 % |
0 % |
$ 250,000 |
11 % |
0 % |
January Average Sales Price |
$ 381,074 |
6 % |
8 % |
7 % |
1 % |
$ 381,074 |
7 % |
1 % |
Total Properties Currently for Sale ( Inventory ) |
13,611 |
7 % |
|
-9% |
|
|
|
|
January Number of Properties Sold |
1,692 -22% |
-4% |
1,692 |
-4% |
January Average Days on Market ( Solds ) |
90 |
3 % |
2 % |
-1% |
1 % |
90 |
-1% |
1 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 231 |
3 % |
4 % |
8 % |
9 % |
$ 231 |
8 % |
9 % |
January Sold Price per Square Foot |
$ 182 |
3 % |
5 % |
11 % |
4 % |
$ 183 |
12 % |
5 % |
January Month ' s Supply of Inventory |
8.0 |
38 % |
16 % |
-5% |
29 % |
8.0 |
-5% |
29 % |
January Sale Price vs List Price Ratio |
92.5 % |
-. 6 % -. 5 % -. 2 % |
-. 4 % |
92.5 % |
-0% |
-0% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
3,500 January Property sales were 1,692 , down 4.4 % from 1,770 in
January of 2016 and 22.5 % lower than the 2,182 sales last 3,000 Property month . January Sales 2017 sales were at their lowest level compared 3,500
January to January Property of 2016 sales and were 2015 1,692 . January , down 4.4 YTD % from sales 1,770 of 1,692 in are 2,500 January running of 4.4 2016 % behind and 22.5 last % lower year ' s than year-to-date the 2,182 sales last of 1,770 . 3,000 month . January 2017 sales were at their lowest level compared 2,000 to January of 2016 and 2015 . January YTD sales of 1,692 are 2,500 running 4.4 % behind last year ' s year-to-date sales of 1,770 .
1,500 2,000
1,000 1,500
500 1,000
Agent Name
Palm Beach County Title
Phone Website Other
Community Information | School District
Number of Properties Sold
500 |
0 |
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 |
0 |
|
14 |
|
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
Prices
The Median Sales Price in January was $ 250,000 , up 11.1 %
Prices from $ 225,000 in January of 2016 and down 3.8 % from
The
$ 260,000 Median last Sales month Price . in The January Average was Sales $ 250,000 Price , up in 11.1 January % was
450 from
$ 381,074 $ 225,000 , up 6.6 in January % from of $ 357,391 2016 and in down January 3.8 % of from 2016 and up
|
F
M A M J
14
450
400
|
J |
A S
OMedian N D
J
F Sales M A M Price J
J
A and S O NAverage D
J
F MSales A M J Price
J
A S O N D
J
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
|
3 Mo Avg |
|
$
6.4 260,000 % from last $ 358,036 month . The last Average month . Sales January Price 2017 in January ASP was was at the
400
$ highest 381,074 , level up 6.6 compared % from $ to 357,391 January in January of 2016 of and 2016 2015 and . up
|
350 |
|
|
|
6.4 % from $ 358,036 last month . January 2017 ASP was at the |
350 |
300 |
highest level compared to January of 2016 and 2015 . |
|
|
|
300 |
250 |
250 200
1,860 2,390 2,674 2,791 2,537
1,860 2,390 2,674 2,791 2,537 2,465 2,359 2,232 2,466 1,830 2,412 1,816 2,079 2,835 2,968 2,800 2,992 2,859 2,405 2,472 2,395 1,890 2,474 1,770 1,914 2,659 2,746 2,695 2,905 2,427 2,605 2,421 2,112 1,934 2,182 1,692
200 150
150 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
14 A M J J A S O N D J F M
15 A M J J A S O N D J F M
16 A M J J A S O N D J
17
14 15
16 17
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The January Total Inventory was 13,611 of , up Properties 6.8 % from available 12,749 for last sale month as of and down 18,000
10.0
January 9.4 % from was 15,016 13,611 , in up January 6.8 % from of 12,749 last year last . January month and 2017 down 18,000 16,000 10.0
9.4 Inventory % from 15,016 was at in its January lowest of level last compared year . January with 2017 January of 2016 16,000 14,000
8.0
8.0
Inventory and 2015 was . at its lowest level compared with January of 2016 14,000 12,000 and 2015 .
12,000 6.0
10,000 6.0
10,0008,000 4.0
A comparatively lower MSI is more beneficial for sellers while a 8,0006,000
4.0
A comparatively lower MSI is more beneficial for sellers while a 6,000 higher MSI is better for buyers . The January 2017 MSI of 8.0 4,000
2.0 higher MSI is better for buyers . The January 2017 MSI of 8.0 4,000 months was at its lowest level compared with January of 2016 2,000
2.0 months was at its lowest level compared with January of 2016 2,000 and 2015 .
0 0.0 and 2015 . 0
0.0 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 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 14
15 16
17 14
15 16
17
2,465 2,359 2,232 2,466 1,830 2,412
15,996 15,780 15,337 15,058 14,962 14,445 14,299 14,413 14,857 14,727 14,500 15,491 15,862 15,405 15,024 14,285 13,853 13,627 13,098
Number of Properties Sold
1,816 2,079 2,835 2,968 2,800
15,996 15,780 15,337 15,058 14,962 14,445 14,299 14,413 14,857 14,727 14,500 15,491 15,862 15,405 15,024 14,285 13,853 2,992 2,859 2,405 2,472
13,056 13,936 13,986 13,771
15,016 2,395 1,890 2,474
15,968 15,947 16,030
13,627 13,098 13,056 13,936 13,986 13,771
1,770 1,914 2,659 2,746 2,695 2,905
15,109 14,604 14,087 13,378 13,577 13,260 13,305 12,749 13,611
3 Mo Avg
2,427 2,605 2,421
15,016 15,968 15,947 16,030 15,109 14,604 14,087 13,378 13,577 13,260 13,305
2,112
3 Mo Avg
1,934
12,749
13,611 2,182 1,692
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
120 | c o l d w e l l b a n k e r h o m e s . c o m
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 Asso 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 .