FL ARCHIVED February 2017 | Page 122

Market Action Report February 2017
Community Information | School District
Market Action Report February 2017

City : Boca Raton

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
$ 440,000
3 %
10 %
Average List Price of all Current Listings
$ 946,816
3 %
15 %
February Median Sales Price
$ 310,000
-4%
0 %
5 %
1 %
$ 318,000
12 %
4 %
February Average Sales Price
$ 551,676
23 %
21 %
4 %
21 %
$ 500,710
0 %
9 %
Total Properties Currently for Sale ( Inventory )
2,700
2 %
-17%
February Number of Properties Sold
340
4 %
-4%
666
-0%
February Average Days on Market ( Solds )
97
2 %
5 %
4 %
2 %
96
0 %
1 %
Asking Price per Square Foot ( based on New Listings )
$ 246
2 %
6 %
14 %
9 %
$ 244
10 %
8 %
February Sold Price per Square Foot
$ 210
8 %
7 %
13 %
9 %
$ 202
8 %
5 %
February Month ' s Supply of Inventory
7.9
-2%
3 %
-14%
9 %
8.0
-16%
10 %
February Sale Price vs List Price Ratio
91.2 % -1.2% -. 8 % -. 5 %
-. 9 %
91.7 %
-0%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
700
February Property sales were 340 , down 4.2 % from 355 in
February of 2016 and 4.3 % higher than the 326 sales last
600
Property month . February Sales 2017 sales were at their lowest level compared
700
February to February Property of 2016 sales and were 2015 340 . , February down 4.2 % YTD from sales 355 of in 666 are
500
February running of 0.1 2016 % behind and 4.3 last % higher year ' s than year-to-date the 326 sales last of 667 . month . February 2017 sales were at their lowest level compared
600
400
to February of 2016 and 2015 . February YTD sales of 666 are
500
running 0.1 % behind last year ' s year-to-date sales of 667 .
300
400
200
300
200
100
Agent Name

Boca Raton Title

Phone Website Other

Community Information | School District

Number of Properties Sold
100
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 $ 310,000 , up 5.1 %
Prices from $ 294,900 in February of 2016 and down 4.0 % from
The
$ 323,000 Median last Sales month Price . in The February Average was Sales $ 310,000 Price , in up February 5.1 % was
600 from
$ 551,676 $ 294,900 , up 4.0 in February % from $ of 530,359 2016 and in February down 4.0 % of from 2016 and up
$
23.3 323,000 % from last $ month 447,555 . The last Average month . Sales February Price in 2017 February ASP was at the
550
M
A M J
14
600
550
500
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand 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
$ highest 551,676 , level up 4.0 compared % from $ 530,359 to February in February of 2016 of and 2016 2015 and . up
23.3 % from $ 447,555 last month . February 2017 ASP was at the
500
450
highest level compared to February of 2016 and 2015 .
450
400
400 350
350 300
401 455 510 451 428 426
Number of Properties Sold
401 455 510 451 428 426 377 405 316 442 305 362 502 474 490 581 452 420 455 423 311 455 312 355 415 490 503 522 444 492 432 359 301 369 326 340
300
250
250
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
The
February Total Inventory was 2,700 of , Properties up 2.5 % from available 2,635 for last sale month as of and down
3,500
February
17.2 % from was 3,260 2,700 , in up February 2.5 % from of 2,635 last year last . month February and down 2017
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
17.2
Inventory % from 3,260 was at in its February lowest level of last compared year . February with February 2017 of
3,000
2,500
10.0
Inventory
2016 and was 2015 at . its lowest level compared with February of
2,500
2016 and 2015 .
2,000
8.0
2,000
1,500
6.0
A comparatively lower MSI is more beneficial for sellers while
1,500 a
1,000
A comparatively lower MSI is more beneficial for sellers while a
4.0 higher MSI is better for buyers . The February 2017 MSI of
7.91,000 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of 7.9 of 2016
500
2.0 months was at its lowest level compared with February of 2016
500 and 2015 .
0 and 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
8.0
6.0
4.0
2.0
0.0
377 405 316
3,007 2,924 2,895 2,854 2,775 2,769 2,837 2,843 2,831 2,786 3,019 3,040 3,039 3,016 2,842 2,816 2,822 2,751 2,721 2,937 2,916 2,902 3,063
442
3,007 2,924 2,895 2,854 2,775 2,769 2,837 2,843 2,831 2,786 3,019 3,040 3,039 3,016 2,842 2,816 2,822 2,751 2,721
2,937
305 362 502 474 490 581 452 420 455 423 311 455 312 355 415 490 503 522
3,260 2,916
2,902 3,276 3,272 3,099 3,055 2,930
2,721 2,713 2,658 2,688 444 492
3,063 3,260 3,276 3,272 3,099 3,055 2,930 2,721 2,713
2,612 2,635 2,700
3 Mo Avg
432 359 301 369
2,658 2,688 2,612 2,635 2,700
3 Mo Avg
326
340
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
122 | 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 .