FL ARCHIVED February 2017 | Page 130

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

City : 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
$ 1,195,000
-1%
50 %
Average List Price of all Current Listings
$ 3,743,429
-3%
21 %
February Median Sales Price
$ 627,158
21 % -23% -11%
6 %
$ 517,500
-4%
-12%
February Average Sales Price
$ 3,175,697
90 %
68 %
97 %
76 %
$ 2,485,830
97 %
38 %
Total Properties Currently for Sale ( Inventory )
462
2 %
-11%
February Number of Properties Sold
26
18 %
4 %
48
-9%
February Average Days on Market ( Solds )
167
59 %
13 %
33 %
13 %
139
3 %
-6%
Asking Price per Square Foot ( based on New Listings )
$ 665
-18% -15% -15% -16%
$ 744
-10%
-6%
February Sold Price per Square Foot
$ 591
-4%
-3%
-9%
4 %
$ 601
13 %
5 %
February Month ' s Supply of Inventory
17.8 -14% -6% -14%
21 %
19.2
-1%
31 %
February Sale Price vs List Price Ratio
85.3 % -7.4% -3.4% -2.8% -2.0%
88.4 %
0 %
2 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Agent Name

Palm Beach Title

Phone Website Other

Community Information | School District

Property Sales
80
February Property sales were 26 , up 4.0 % from 25 in February of 2016 and 18.2 % higher than the 22 sales last month .
70
Number of Properties Sold
3 Mo Avg
Property
February 2017 Sales sales were at a mid level compared to February
80 of
February
2016 and Property 2015 . February sales were YTD 26 , up sales 4.0 of % 48 from are 25 running February 9.4 % of behind 2016 and last 18.2 year %' s higher year-to-date than the sales 22 sales of 53 last . month .
70
February 2017 sales were at a mid level compared to February of
2016 and 2015 . February YTD sales of 48 are running 9.4 %
60
60
50
40
behind last year ' s year-to-date sales of 53 .
50
30
40
20
30
10
20
0
10
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
M
A M J
Prices
14
The Median Sales Price in February was $ 627,158 , down 10.7 %
3,200
Prices from $ 702,000 in February of 2016 and up 21.2 % from
The
$ 517,500 Median last Sales month Price . in The February Average was Sales $ 627,158 Price , in down February 10.7 % was
3,2002,700 from
$ 3,175,697 $ 702,000 , up in 96.7 February % from of $ 2016 1,614,164 and up in 21.2 February % from of 2016 and
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
$ up 517,500 90.1 % last from month $ 1,670,532 . The Average last month Sales Price . February in February 2017 ASP was was
2,7002,200
$ at 3,175,697 the highest , up 96.7 level % compared from $ 1,614,164 to February in February of 2016 of 2016 and 2015 and .
up 90.1 % from $ 1,670,532 last month . February 2017 ASP was
2,2001,700
at the highest level compared to February of 2016 and 2015 .
1,7001,200
1,200
51 56 58 54 32 31 32 37 18 40 44 33 53 73 55 66 33 31 46 39 30 33 28 25 50 48 46 47 26 32 28 15 22 24 22 26
700 200
200 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 462 , of up Properties 1.8 % from available 454 last for month sale as and of down 700
30.0
February 11.0 % from was 519 462 in , up February 1.8 % from of 454 last last year month . February and down 2017 700 600 30.0
25.0 11.0 Inventory % from 519 was in at February its lowest of level last year compared . February with 2017 February of 600
500 25.0
Inventory 2016 and was 2015 at . its lowest level compared with February of 20.0
500 2016 and 2015 .
400 20.0
400 15.0
300 15.0
A comparatively lower MSI is more beneficial for sellers while 300 a 10.0
200 A comparatively lower MSI is more beneficial for sellers while a
10.0 higher MSI is better for buyers . The February 2017 MSI of 17.8200 higher months MSI was is better at a mid for level buyers compared . The February with February 2017 MSI of of 2016 17.8 and
100 5.0
5.0 months was at a mid level compared with February of 2016 and
100 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
588
700
549 51
588 512
56 549
504 58 54 32 31 32 37 18
470 512
446 504
446 470
466 446
487 446 478
466 517 487
40
545 478 520 44 33
Number of Properties Sold
53 73 55 66 33 31 46 39 30
517 492
545 436
520 423
492
414 398
436
397 423
441 414
398 470
397 471
505 441
519 470
490 471
482 505
431 519
388 490 359 482
337 431
352
388
381 359 414 337 444 352 454 381 462 414
33 28 25 50 48 46 47 26 32 28 15
444 22
454
3 Mo Avg
24
462 22 26
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
130 | 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 .