Market Action Report February 2017
Community Information | School District
Market Action Report February 2017
City : West 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 |
$ 259,900 |
2 % |
|
30 % |
|
|
|
|
Average List Price of all Current Listings |
$ 449,068 |
1 % |
|
23 % |
|
|
|
|
February Median Sales Price |
$ 174,000 |
5 % |
2 % |
10 % |
2 % |
$ 170,000 |
7 % |
0 % |
February Average Sales Price |
$ 237,632 |
-9% |
3 % |
12 % |
3 % |
$ 250,270 |
16 % |
9 % |
Total Properties Currently for Sale ( Inventory ) |
2,121 |
0 % |
|
-16% |
|
|
|
|
February Number of Properties Sold |
295 |
-7% |
|
0 % |
|
612 |
9 % |
|
February Average Days on Market ( Solds ) |
89 |
9 % |
5 % |
10 % |
5 % |
86 |
2 % |
1 % |
Asking Price per Square Foot ( based on New Listings ) |
$ 176 |
5 % |
-1% |
14 % |
2 % |
$ 172 |
12 % |
0 % |
February Sold Price per Square Foot |
$ 146 |
0 % |
4 % |
14 % |
5 % |
$ 146 |
12 % |
4 % |
February Month ' s Supply of Inventory |
7.2 |
8 % |
7 % |
-16% |
13 % |
6.9 |
-21% |
9 % |
February Sale Price vs List Price Ratio |
93.5 %
2.2 %
|
. 5 % |
1.6 % |
. 5 % |
92.5 % |
-1% |
-1% |
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales |
600 |
February Property sales were 295 , equal to 295 in February of |
|
2016 and 6.9 % lower than the 317 sales last month . February
Property
2017 sales Sales were at their lowest level compared to February of
600
|
500 |
|
February
2016 and Property 2015 . February sales were YTD 295 , sales equal of to 612 295 are in February running 9.3 of %
2016 ahead and of 6.9 last % year lower ' s than year-to-date the 317 sales sales last of 560 month . . February
500
2017 sales were at their lowest level compared to February of
|
400 |
2016 and 2015 . February YTD sales of 612 are running 9.3 % ahead of last year ' s year-to-date sales of 560 . |
400 |
300 |
|
300 |
200 |
Agent Name
West Palm Beach Title
Phone Website Other
Community Information | School District
200 100
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
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 Prices
Median Sales Price and Average Sales Price
14 15
16
17 3 Mo Avg The Median Sales Price in February was $ 174,000 , up 9.6 %
300
Prices from $ 158,800 in February of 2016 and up 5.5 % from $ 165,000 Median Sales Price and Average Sales Price
3 Mo Avg The last Median month Sales . The Price Average in February Sales Price was in $ 174,000 February , up was 9.6 $ % 237,632 ,
280
300 from up 11.6 $ 158,800 % from in $ February 212,888 in of February 2016 and of up 2016 5.5 % and from down $ 165,000 9.3 % 260 last month . The Average Sales Price in February was $ 237,632 ,
280
from $ 262,032 last month . February 2017 ASP was at the 240 up 11.6 % from $ 212,888 in of 2016 and down 9.3 % 260 highest level compared to February of 2016 and 2015 .
220 from $ 262,032 last month . February 2017 ASP was at the 240 200 highest level compared to February of 2016 and 2015 . 220
180 200
160 180
140 160
120
140 120
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 2,121 of , up Properties 0.0 % from available 2,120 for last sale month as of and down 3,000
10.0
February 15.9 % from was 2,523 2,121 , in up February 0.0 % from of 2,120 last year last . month February and down 2017 3,000 10.0
2,500 8.0
15.9 Inventory % from 2,523 was at in its February lowest level of last compared year . February with February 2017 of 2,500
8.0 Inventory 2016 and was 2015 at . its lowest level compared with February of 2,000 2016 and 2015 .
2,000 6.0
1,500 6.0
1,500 4.0
A comparatively lower MSI is more beneficial for sellers while a 1,000
4.0 A comparatively lower MSI is more beneficial for sellers while a 1,000 higher MSI is better for buyers . The February 2017 MSI of 7.2 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of 7.2 500
2.0 of 2016 500
2.0 months and 2015 was . at its lowest level compared with February of 2016
0 0.0 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
A J F M A M J
F M A M J F
14 15
16 17
382 416 412 354 406 354 359 403 308 396 287 350 451 451 447 429 477 362 385 397 340 411 265 295 442 477 402 423 363 381 401 342 364 338 317 295
2,705 2,625 2,595 2,556 2,534 2,513 2,591 2,631 2,603 2,543 2,676 2,740 2,651 2,527 2,448 2,354 2,300 2,229
M
14
382 416 412 354 406 354 359 403 308
J A S O N D J
15
396 287
Number of Properties Sold
350 451 451
2,705 2,625 2,595 2,556 2,534 2,513 2,591 2,631 2,603 2,543 2,676 2,740 2,651 2,527 2,448 447 429 477 362 385
2,187 2,287 2,296 2,238 2,386 2,523 2,471 2,525 2,405 2,347 2,257 2,173 2,241 2,172 2,222 2,094 2,120 2,121
J A S O N D J
16
397 340 411 265 295 442 477 402 423 363 381
J A S O N D J 17
3 Mo Avg
401
2,354 2,300 2,229 2,187 2,287 2,296 2,238 2,386 2,523 2,471 2,525 2,405 2,347 2,257 2,173 2,241 2,172 2,222 342 364 338
2,094 2,120 2,121
3 Mo Avg
317
295
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
136 | 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 .