Market Action Report January 2018
Community Information | School District
Market Action Report January 2018
City : West 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 |
$ 249,900 |
4 % |
|
4 % |
|
|
|
|
Average List Price of all Current Listings |
$ 478,096 |
0 % |
|
12 % |
|
|
|
|
January Median Sales Price |
$ 195,000 |
-1% |
0 % |
22 % |
4 % |
$ 195,000 |
22 % |
4 % |
January Average Sales Price |
$ 290,601 |
-5% |
9 % |
13 % |
16 % |
$ 290,601 |
13 % |
16 % |
Total Properties Currently for Sale ( Inventory ) |
2,082 |
2 % |
|
-12% |
|
|
|
|
January Number of Properties Sold |
299 |
-6% |
|
-9% |
|
299 |
-9% |
|
January Average Days on Market ( Solds ) |
75 |
10 % |
3 % |
4 % |
1 % |
75 |
4 % |
1 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 183 |
3 % |
2 % |
11 % |
2 % |
$ 183 |
11 % |
2 % |
January Sold Price per Square Foot |
$ 157 |
-22% -5% |
9 % |
4 % |
$ 157 |
9 % |
4 % |
January Month ' s Supply of Inventory |
7.0 |
9 % |
-1% |
-3% |
12 % |
7.0 |
-3% |
12 % |
January Sale Price vs List Price Ratio |
92.6 % |
-. 5 % -. 4 % 1.2 % |
-. 2 % |
92.6 % |
1 % |
-0% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales |
600 |
January Property sales were 299 , down 9.1 % from 329 in |
|
January of 2017 and 6.0 % lower than the 318 sales last month .
Property
January 2018 Sales sales were at a mid level compared to January of
600
|
500 |
|
January
2017 and Property 2016 . sales January were YTD 299 , sales down of 9.1 299 % from are running 329 9.1 %
January behind of last 2017 year and ' s year-to-date 6.0 % lower than sales the of 318 329 sales . last month .
January 2018 sales were at a mid level compared to January of
|
500 |
400 |
2017 and 2016 . January YTD sales of 299 are running 9.1 % behind last year ' s year-to-date sales of 329 . |
400 |
300 |
|
300 |
200 |
Agent Name
West Palm Beach Title
Phone Website Other
Community Information | School District
Number of Properties Sold
Number of Properties Sold
3 Mo Avg
3 Mo Avg
Prices The Median Sales Price in January was $ 195,000 , up 21.9 %
Prices from $ 160,000 in January of 2017 and down 0.8 % from The $ 196,500 Median last Sales month Price . in The January Average was Sales $ 195,000 Price , up in January 21.9 % was
350 from $ 290,601 $ 160,000 , up in 13.3 January % from of $ 2017 256,436 and in down January 0.8 % of from 2017 and $ down 196,500 5.0 last % from month $ 305,813 . The Average last month Sales . Price January in January 2018 ASP was was $ 290,601 , up 13.3 % from $ 256,436 in January of 2017 and 300 at the highest level compared to January of 2017 and 2016 . down 5.0 % from $ 305,813 last month . January 2018 ASP was
at the highest level compared to January of 2017 and 2016 . 250
200
100
0
100
0
350
453 350 453 451 447 431 479 362 385 398 340 412 266 295 443 478 402 427 365 383 404 345 369 349 329 331 445 414 441 456 396 381 266 306 280 318 299
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 |
15 |
|
|
|
16 |
|
|
|
17 |
|
|
|
18 |
451 447 431 479 362 385 398 340 412 266 295 443 478 402 427 365 383 404
F M A M J J A S O NMedian D J F MSales A M JPrice J A Sand O NAverage D J F M Sales A M J Price J A S O N D J 15
16 17
18 3 Mo Avg
350 Median Sales Price and Average Sales Price
3 Mo Avg
300
250
200
345 369 349 329 331 445 414 441 456 396 381 266 306 280 318 299
200 150
150 100
100 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
15 A M J J A S O N D J F M
16 A M J J A S O N D J F M
17 A M J J A S O N D J
18
15 16
17 18
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 2,082 of , up Properties 2.3 % from available 2,036 for last sale month as of and down 3,000
10.0
January 11.9 % from was 2,082 2,363 , up in January 2.3 % from of 2,036 last year last . month January and 2018 down 3,000 10.0
2,500 8.0
11.9 Inventory % from 2,363 was at in its January lowest of level last compared year . January with 2018 January of 2017 2,500
8.0 Inventory and 2016 was . at its lowest level compared with January of 2017 2,000 and 2016 .
2,000 6.0
1,500 6.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The January 2018 MSI of 7.0 higher months MSI was is better at its lowest for buyers level . The compared January with 2018 January MSI of 7.0 500
2.0 of 2017 500
2.0 months and 2016 was . at its lowest level compared with January of 2017
0 0.0 and 2016 . 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 15
16 17
18 15
16 17
18
2,549 2,468 2,330 2,271 2,172 2,141 2,078 2,083 2,136 2,198 2,161 2,276 2,360 2,328 2,362 2,292 2,234 2,163 2,106 2,178 2,205 2,316 2,231 2,363 2,362 2,337 2,298 2,177 2,158 2,090 2,079 2,078 2,118 2,167
2,549 2,468 2,330 2,271 2,172 2,141 2,078 2,083 2,136 2,198 2,161 2,276 2,360 2,328 2,362 2,292 2,234 2,163 2,106 2,178 2,205 2,316 2,231 2,363 2,362 2,337 2,298 2,177 2,158 2,090 2,079 2,078 2,118 2,167 2,036 2,082
2,036
2,082
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
132 | 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 .