Market Action Report February 2017
Community Information | School District
Market Action Report February 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 |
$ 370,000 |
3 % |
|
14 % |
|
|
|
|
Average List Price of all Current Listings |
$ 868,632 |
2 % |
|
17 % |
|
|
|
|
February Median Sales Price |
$ 253,750 |
2 % |
1 % |
9 % |
2 % |
$ 250,000 |
9 % |
0 % |
February Average Sales Price |
$ 454,471 |
19 % |
20 % |
16 % |
21 % |
$ 417,608 |
11 % |
11 % |
Total Properties Currently for Sale ( Inventory ) |
13,701 |
2 % |
|
-14% |
|
|
|
|
February Number of Properties Sold |
1,782 |
-1% |
|
-7% |
|
3,586 |
-3% |
|
February Average Days on Market ( Solds ) |
89 |
0 % |
2 % |
5 % |
0 % |
89 |
1 % |
0 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 226 |
-1% |
1 % |
10 % |
7 % |
$ 228 |
9 % |
8 % |
February Sold Price per Square Foot |
$ 188 |
3 % |
5 % |
13 % |
7 % |
$ 185 |
12 % |
6 % |
February Month ' s Supply of Inventory |
7.7 |
3 % |
9 % |
-8% |
23 % |
7.6 |
-10% |
21 % |
February Sale Price vs List Price Ratio |
92.7 % |
. 2 % |
-. 2 % |
. 3 % |
-. 1 % |
92.6 % |
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 February Property sales were 1,782 , down 6.9 % from 1,914 in
February of 2016 and 1.2 % lower than the 1,804 sales last 3,000 Property month . February Sales 2017 sales were at their lowest level compared 3,500
February to February Property of 2016 sales and were 2015 1,782 . February , down 6.9 YTD % from sales 1,914 of 3,586 in are 2,500 February running of 2.7 2016 % behind and 1.2 last % lower year ' s than year-to-date the 1,804 sales last of 3,684 . 3,000 month . February 2017 sales were at their lowest level compared 2,000 to February of 2016 and 2015 . February YTD sales of 3,586 are 2,500 running 2.7 % behind last year ' s year-to-date sales of 3,684 .
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 |
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 |
0 |
|
14 |
|
|
15 |
|
|
|
16 |
|
|
|
17 |
|
|
Prices
The Median Sales Price in February was $ 253,750 , up 9.1 % from
Prices
$ 232,500 in February of 2016 and up 1.5 % from $ 249,900 last
The month Median . The Sales Average Price Sales in February Price in was February $ 253,750 was , up $ 9.1 454,471 % from , up
500
$
15.6 232,500 % from in February $ 393,175 of in 2016 February and up of 1.5 2016 % from and $ up 249,900 19.2 % last from month
$ 381,195 . The last Average month Sales . February Price in 2017 February ASP was $ at 454,471 the highest , up
450
|
M
A M J
14
500
450
400
|
J |
A S O
NMedian D
J
F M Sales A M J Price
J A S and O N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
|
3 Mo Avg |
|
15.6 level % from compared $ 393,175 to February in February of 2016 of 2016 and and 2015 up . 19.2 % from
$ 381,195 last month . February 2017 ASP was at the highest
|
400 |
350 |
level compared to February of 2016 and 2015 . |
350 |
300 |
300 250
250 200
2,390 2,675 2,791 2,537 2,465
2,390 2,675 2,791 2,537 2,465 2,359 2,232 2,466 1,830 2,412 1,816 2,079 2,835 2,969 2,800 2,992 2,860 2,405 2,473 2,395 1,890 2,476 1,770 1,914 2,661 2,747 2,695 2,906 2,429 2,610 2,426 2,119 1,946 2,216 1,804 1,782
200 150 150
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 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
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 February Total Inventory was 13,701 of , Properties up 1.8 % from available 13,457 for last sale month as of and down 18,000
10.0
February 14.3 % from was 15,987 13,701 , in up February 1.8 % from of 13,457 last year last . month February and 2017 down 18,000 16,000 10.0
14.3 Inventory % from 15,987 was at in its February lowest level of last compared year . February with February 2017 of 16,000 14,000
8.0
8.0
Inventory 2016 and was 2015 at . its lowest level compared with February of 14,000 12,000 2016 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 February 2017 MSI of 7.7 4,000
2.0 higher MSI is better for buyers . The February 2017 MSI of 7.7 4,000 months was at a mid level compared with February of 2016 and 2,000
2.0 months was at a mid level compared with February of 2016 and 2,000 2015 .
0 0.0
2015 . 0
0.0 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 F 14
15 16
17 14
15 16
17
2,359 2,232 2,466 1,830 2,412 1,816
15,781 15,338 15,059 14,963 14,447 14,302 14,416 14,860 14,730 14,504 15,496 15,867 15,410 15,029 14,290 13,859 13,639 13,112 13,072
Number of Properties Sold
2,079 2,835 2,969 2,800
15,781 15,338 15,059 14,963 14,447 14,302 14,416 14,860 14,730 14,504 15,496 15,867 15,410 15,029 14,290 13,859 2,992 2,860 2,405 2,473
13,955 14,001 13,787
15,031 2,395 1,890 2,476
15,987 15,978 16,074
13,639 13,112 13,072 13,955 14,001 13,787
1,770 1,914 2,661 2,747 2,695 2,906 2,429
15,163 14,661 14,156 13,471 13,699 13,429 13,546 13,207 13,457 13,701
3 Mo Avg
2,610 2,426 2,119
15,031 15,987 15,978 16,074 15,163 14,661 14,156 13,471 13,699 13,429 13,546 13,207
1,946
3 Mo Avg
2,216
13,457
13,701 1,804 1,782
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 .