FL ARCHIVED February 2017 | Page 132

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

City : Palm Beach Gardens

Price Range : All | Properties : SFH - Con
Agent Name

Palm Beach Gardens Title

Phone Website Other

Community Information | School District

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
$ 569,000
-3%
10 %
Average List Price of all Current Listings
$ 1,044,312
0 %
18 %
February Median Sales Price
$ 396,500
5 %
3 %
11 %
7 %
$ 387,450
7 %
5 %
February Average Sales Price
$ 689,540
8 %
21 %
29 %
35 %
$ 664,221
27 %
30 %
Total Properties Currently for Sale ( Inventory )
775
7 %
-10%
February Number of Properties Sold
94
-2%
1 %
190
-4%
February Average Days on Market ( Solds )
93 -15% -3%
-2%
-5%
101
0 %
3 %
Asking Price per Square Foot ( based on New Listings )
$ 256
-3%
-2%
8 %
6 %
$ 260
7 %
7 %
February Sold Price per Square Foot
$ 239
3 %
10 %
18 %
18 %
$ 235
18 %
16 %
February Month ' s Supply of Inventory
8.2
9 %
16 % -11%
25 %
7.9
-8%
20 %
February Sale Price vs List Price Ratio
93.7 %
2.0 %
. 5 %
. 9 %
1.0 %
92.8 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Number of Properties Sold
3 Mo Avg
Property Sales
180
February Property sales were 94 , up 1.1 % from 93 in February of
2016 and 2.1 % lower than the 96 sales last month . February
160
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their highest level compared to February of
180
140
February
2016 and Property 2015 . February sales were YTD 94 , up sales 1.1 % of from 190 are 93 in running February 3.6 of %
2016 and 2.1 % lower than the 96 last month . February
160 behind last year ' s year-to-date sales of 197 .
120
2017 sales were at their highest level compared to February of 2016 and 2015 . February YTD sales of 190 are running 3.6 % behind last year ' s year-to-date sales of 197 .
140
120
100
80
100
60
80
40
60
20
40
0
20
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 $ 396,500 , up 10.8 %
Prices from $ 358,000 in February of 2016 and up 4.7 % from
The
$ 378,750 Median last Sales month Price . in The February Average was Sales $ 396,500 Price , in up February 10.8 % was
700 from
$ 689,540 $ 358,000 , up in 28.8 February % from of $ 535,158 2016 and in up February 4.7 % from of 2016 and up
$
7.8 378,750 % from last $ month 639,429 . The last Average month . Sales February Price in 2017 February ASP was was at the
650
$ highest 689,540 level , up 28.8 compared % from to $ 535,158 February in February of 2016 and of 2016 2015 and . up
600
M
A M J
14
700
650
600
550
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
7.8 % from $ 639,429 last month . February 2017 ASP was at the highest level compared to February of 2016 and 2015 .
550
500
500
450
450
400
400
350
350
300
300
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 775 , of up Properties 7.0 % from available 724 last for month sale as and of down
February
10.2 % from was 863 775 , in up February 7.0 % from of 724 last last year month . February and down 2017
10.2
Inventory % from 863 was in at February its lowest of level last compared year . February with 2017 February of
Inventory
2016 and was 2015 at . its lowest level compared with February of
2016 and 2015 .
1,000
1,000
800
800
600
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
10.0
8.0
12.0
10.0
8.0
6.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial February for sellers 2017 MSI while of a 8.2 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of 8.2 of 2016
200 months and 2015 was
. at its lowest level compared with February of 2016 and 2015 .
0
400
6.0
4.0
200
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
4.0
2.0
0.0
125 114 140 135 149
125 114 140 135 149 130 120 108 92 129 85 84 139 164 155 150 142 142 117 124 96 115 104 93 138 124 151 154 135 150 112 123 101 132 96 94
918 861 885 859 799 778 779 130 120 108 92
918 861 885 859 799 778 779 830 806 129 85 84 139 164 155 150
776 861 905 864 808 809 787 748
830 806 776 861 905 864 808 809 787 748 691 691
142 142 117
737
728 691
716 691 813
124 96 115 104 93
863 885 906 858 828
737 728 716
138 124 151 154 135 150 112
813 863 885 906 858 828 795 766 768 762 762
795 766 768 762 762 731 724 775
123 101 132
731 724 775 96 94
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
132 | 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 .