FL ARCHIVED January 2017 | Page 122

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 435,000
1 %
9 %
Average List Price of all Current Listings
$ 924,168
2 %
10 %
January Median Sales Price
$ 325,000
11 %
7 %
18 %
6 %
$ 325,000
18 %
6 %
January Average Sales Price
$ 452,495
9 %
8 %
-3%
-1%
$ 452,495
-3%
-1%
Total Properties Currently for Sale ( Inventory )
2,651
5 %
-13%
January Number of Properties Sold
312 -13%
0 %
312
0 %
January Average Days on Market ( Solds )
96
7 %
2 %
-3%
0 %
96
-3%
0 %
Asking Price per Square Foot ( based on New Listings )
$ 243
11 %
6 %
7 %
7 %
$ 243
7 %
7 %
January Sold Price per Square Foot
$ 194
1 %
2 %
3 %
0 %
$ 194
3 %
1 %
January Month ' s Supply of Inventory
8.5
22 %
5 %
-13%
17 %
8.5
-13%
17 %
January Sale Price vs List Price Ratio
92.2 %
. 1 %
. 2 %
. 1 %
. 2 %
92.2 %
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
January Property sales were 312 , equal to 312 in January of
2016 and 13.3 % lower than the 360 sales last month . January
600
Property
2017 sales Sales were at their highest level compared to January of
700
January
2016 and Property 2015 . sales January were YTD 312 , sales equal of to 312 are in January running of equal to
500
2016 last and year 13.3 ' s year-to-date % lower than sales the 360 of 312 sales . last month . January
2017 sales were at their highest level compared to January of
600
400
2016 and 2015 . January YTD sales of 312 are running equal to
500
last year ' s year-to-date sales of 312 .
300
400
200
300
200
100
Agent Name

Boca Raton Title

Phone Website Other

Community Information | School District

Number of Properties Sold
100
0
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 M J
J
A S O N D
J
0
14
15
16
17
Prices
The Median Sales Price in January was $ 325,000 , up 18.4 %
Prices from $ 274,500 in January of 2016 and up 11.3 % from
The
$ 292,000 Median last Sales month Price . in The January Average was Sales $ 325,000 Price , up in 18.4 January % was
600 from
$ 452,495 $ 274,500 , down in January 3.4 % from of 2016 $ 468,321 and up in 11.3 January % from of 2016 and up
$
8.6 292,000 % from last $ 416,596 month . The last Average month . Sales January Price 2017 in January ASP was was at a
550
F
M A M J
14
600
550
500
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
15
16
17
Median Sales Price and Average Sales Price
3 Mo Avg
3 Mo Avg
$ mid 452,495 range , down compared 3.4 % from to January $ 468,321 of in 2016 January and 2015 of 2016 . and up
8.6 % from $ 416,596 last month . January 2017 ASP was at a
500
450
mid range compared to January of 2016 and 2015 .
450
400
400 350
350 300
347 401 455 510 451 428
Number of Properties Sold
347 401 455 510 451 428 426 377 405 316 442 305 362 502 473 490 581 452 420 455 423 311 455 312 355 414 490 503 522 443 492 432 355 298 360 312
300
250
250
F
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 M J
J
A S O N D
J
M
14 A 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
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
January Total Inventory was 2,651 of , up Properties 5.3 % from available 2,517 last for sale month as of and down
3,500
January
13.4 % from was 2,651 3,062 , up in 5.3 January % from of 2,517 last last year month . January and 2017 down
3,5003,000
Total Inventory & Month ' s Supply of Inventory ( MSI )
12.0
12.0
10.0
13.4
Inventory % from 3,062 was at in its January lowest of level last compared year . January with 2017 January of 2016
3,000
2,500
10.0
Inventory and 2015 was . at its lowest level compared with January of 2016
2,500 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 January 2017 MSI of 8.5
1,000 higher months MSI was is better at its lowest for buyers level . The compared January with 2017 January MSI of 8.5 of 2016
500
2.0 months was at its lowest level compared with January of 2016
500 and 2015 .
0 and 2015 .
0
0.0
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 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
14
15
16
17
14
15
16
17
8.0
6.0
4.0
2.0
0.0
426 377 405 316
2,999 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 2,821 2,750 2,720 2,934 2,915 2,900 3,062
442
2,999 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 2,821 2,750 2,720
2,934
305 362 502 473 490 581 452 420 455 423 311 455 312 355 414 490 503 522
3,258 2,915
2,900 3,271 3,266
3,093 3,046 2,919 2,706 2,695 2,624 2,647
443
3,062 3,258 3,271 3,266 3,093 3,046 2,919 2,706 2,695
3 Mo Avg
492
2,517 2,651
432 355 298
2,624 2,647 2,517 2,651
3 Mo Avg
360
312
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 .