FL ARCHIVED February 2017 | Page 126

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

City : Delray 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
$ 260,950
7 %
4 %
Average List Price of all Current Listings
$ 555,275
2 %
1 %
February Median Sales Price
$ 214,000
19 %
24 %
34 %
31 %
$ 192,750
29 %
18 %
February Average Sales Price
$ 350,688
2 %
10 % -20%
5 %
$ 347,272
-5%
4 %
Total Properties Currently for Sale ( Inventory )
1,748
-1%
-9%
February Number of Properties Sold
231
14 %
-6%
434
-5%
February Average Days on Market ( Solds )
90
1 %
2 %
25 %
3 %
90
15 %
3 %
Asking Price per Square Foot ( based on New Listings )
$ 198
-1%
2 %
10 %
6 %
$ 200
8 %
8 %
February Sold Price per Square Foot
$ 178
8 %
11 %
15 %
12 %
$ 172
16 %
8 %
February Month ' s Supply of Inventory
7.6 -13% -0%
-2%
19 %
8.1
1 %
28 %
February Sale Price vs List Price Ratio
92.4 %
1.8 %
. 8 %
1.0 % 1.1 %
91.7 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Delray Beach Title

Phone Website Other

Community Information | School District

Property Sales
450
February Property sales were 231 , down 6.5 % from 247 in
February of 2016 and 13.8 % higher than the 203 sales last
400
Number of Properties Sold
3 Mo Avg
Property month . February Sales 2017 sales were at their lowest level compared
450
350
February to February Property of 2016 sales and were 2015 231 . , February down 6.5 % YTD from sales 247 of in 434 are
February of 2016 and 13.8 % higher than the 203 last
400 running 5.4 % behind last year ' s year-to-date sales of 459 .
300
month . February 2017 sales were at their lowest level compared
350
250
to February of 2016 and 2015 . February YTD sales of 434 are running 5.4 % behind last year ' s year-to-date sales of 459 .
300
200
250
150
200
100
150
50
100
0
50
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 $ 214,000 , up 33.8 %
Prices from $ 159,900 in February of 2016 and up 18.9 % from
The
$ 180,000 Median last Sales month Price . in The February Average was Sales $ 214,000 Price , in up February 33.8 % was
450 from
$ 350,688 $ 159,900 , down in February 19.7 % from of 2016 $ 436,954 and up in 18.9 February % from of 2016 and
$ up 180,000 2.1 % from last month $ 343,384 . The last Average month Sales . February Price in February 2017 ASP was at
400
M
A M J
14
450
400
350
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
$ the 350,688 lowest , down level 19.7 compared % from $ to 436,954 February in February of 2016 and of 2016 2015 and . up 2.1 % from $ 343,384 last month . February 2017 ASP was at
350
300
the lowest level compared to February of 2016 and 2015 .
300
250
250 200
200 150
320 344 320 282 280 289
320 344 320 282 280 289 259 301 200 290 208 284 364 385 338 363 332 279 294 286 217 289 212 247 326 345 297 353 297 289 275 257 234 267 203 231
150
100
100
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 1,748 of , Properties down 1.1 % available from 1,768 for last sale month as of and down
2,500
February
8.7 % from was 1,914 1,748 in , down February 1.1 % from of last 1,768 year last . February month and 2017 down
2,500
2,000
8.7
Inventory % from 1,914 was in at February a mid level of compared last year . February with February 2017 of 2016
2,000
Inventory and 2015 was . at a mid level compared with February of 2016
1,500 and 2015 .
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
6.0
10.0
8.0
6.0
1,000
4.0
A comparatively lower MSI is more beneficial for sellers while
1,000 a
4.0
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial February for sellers 2017 MSI while of a 7.6 higher months MSI was is better at a mid for level buyers compared . The February with February 2017 MSI of of 2016 7.6 and
500 months
2015 . was at a mid level compared with February of 2016 and
2015 .
0
500
2.0
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
2.0
0.0
259 301 200 290 208
1,604 1,595 1,556 1,535 1,442 1,427 1,389 1,470 1,439 1,496 1,585 1,668 1,565 1,545 1,451 1,391 1,397 1,329 1,351
1,512
Number of Properties Sold
284 364 385 338 363
1,604 1,595 1,556 1,535 1,442 1,427 1,389 1,470 1,439 1,496 1,585 1,668 1,565 1,545 1,451 1,391 1,397 332 279 294
1,329 1,566
1,351 1,615
1,768 286 217 289 212
1,914
1,615 1,885 1,949 1,831
1,512 1,566
247 326 345 297 353 297 289 275
1,743 1,687 1,638 1,657 1,666 1,735 1,739 1,768 1,748
257 234 267
1,768 1,914 1,885 1,949 1,831 1,743 1,687 1,638 1,657 1,666 1,735 1,739 1,768 1,748
3 Mo Avg
203
231
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
126 | 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 .