FL ARCHIVED July 2017 | Page 131

Market Action Report
July 2017
Palm Beach Gardens
City: Palm Beach Gardens
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
Market Time
The average Days On Market (DOM) shows how many days the
average Property is on the market before it sells. An upward
trend in DOM tends to indicate a move towards more of a
Buyer's market, a downward trend a move towards more of a
Seller's market. The DOM for July was 86, down 14.9% from 101
days last month and down 5.5% from 91 days in July of last year.
The July 2017 DOM was at its lowest level compared with July of
2016 and 2015.
3 Mo Avg
140
120
95
100
91
86
80
60
40
20
0
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Selling Price per Square Foot
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the
direction of Property values. Since Median Sales Price and
Average Sales price can be impacted by the 'mix' of high or low
end Properties in the market, the selling price per square foot is a
more normalized indicator on the direction of Property values.
The July 2017 Selling Price per Square Foot of $213 was down
6.3% from $227 last month and up 5.7% from 201 in July of last
year.
250
240
230
220
210
200
190
180
170
160
150
3 Mo Avg
213
201
182
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Selling Price versus Listing Price Ratio
Selling Price vs Original Listings Price
The Selling Price vs Original Listing Price reveals the average
amount that Sellers are agreeing to come down from their
original list price. The lower the ratio is below 100% the more of
a Buyer's market exists, a ratio at or above 100% indicates more
of a Seller's market. The July 2017 Selling Price vs Original List
Price of 92.7% was up from 91.2% last month and up f rom 91.8%
in July of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
95%
94%
94%
93%
93%
92%
92%
91%
91%
90%
90%
92.7%
92.1%
91.8%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
1,200
600
800
1,000
This last view of the market combines monthly inventory of
Properties for sale along with New Listings and Sales. The graph
shows the basic annual seasonality of the market as well as the
relationship between these items. The number of New Listings
in July 2017 was 164, down 33.9% from 248 last month and up
3.8% from 158 in July of last year.
400
200
0
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
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15
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | 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 REALTORS
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.
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