FL ARCHIVED January 2017 | Page 126

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 249,900
0 %
-0%
Average List Price of all Current Listings
$ 545,244
2 %
0 %
January Median Sales Price
$ 180,000
9 %
9 %
44 %
10 %
$ 180,000
44 %
10 %
January Average Sales Price
$ 341,503
12 %
11 %
21 %
2 %
$ 341,503
21 %
2 %
Total Properties Currently for Sale ( Inventory )
1,798
6 %
2 %
January Number of Properties Sold
193 -27%
-9%
193
-9%
January Average Days on Market ( Solds )
89
6 %
-1%
5 %
2 %
89
5 %
2 %
Asking Price per Square Foot ( based on New Listings )
$ 203
6 %
6 %
7 %
9 %
$ 203
7 %
9 %
January Sold Price per Square Foot
$ 162
7 %
6 %
15 %
2 %
$ 162
15 %
2 %
January Month ' s Supply of Inventory
9.3
46 %
21 %
12 %
47 %
9.3
12 %
47 %
January Sale Price vs List Price Ratio
90.8 % -1.1% -. 7 %
. 6 %
-. 7 %
90.8 %
1 %
-1%
* 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
January Property sales were 193 , down 9.0 % from 212 in
January of 2016 and 27.4 % lower than the 266 sales last month .
400
Number of Properties Sold
3 Mo Avg
Property
January 2017 Sales sales were at their lowest level compared to
450
350
January Property of 2016 sales and 2015 were . 193 January , down YTD 9.0 % sales from of 212193 in are
January running of 9.0 2016 % behind and 27.4 last % lower year ' s than year-to-date the 266 sales sales last of month 212 . .
400
300
January 2017 sales were at their lowest level compared to
350
250
January of 2016 and 2015 . January YTD sales of 193 are running 9.0 % behind last year ' s year-to-date sales of 212 .
300
200
250
150
200
100
150
50
100
0
50
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 $ 180,000 , up 44.0 %
Prices from $ 125,000 in January of 2016 and up 9.1 % from $ 165,000
The last Median month Sales . The Price Average in January Sales Price was $ in 180,000 January , up was 44.0 $ 341,503 % ,
450 from up 20.7 $ 125,000 % from in $ January 282,838 of in 2016 January and up of 9.1 2016 % from and up $ 165,000 11.8 % from last
$ 305,362 month . last The month Average . January Sales Price 2017 in January ASP was was at the $ 341,503 highest , level
400
F
M A M J
14
450
400
350
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
up compared 20.7 % from to January $ 282,838 of in 2016 January and of 2015 2016 . and up 11.8 % from
$ 305,362 last month . January 2017 ASP was at the highest level
350
300
compared to January of 2016 and 2015 .
300
250
250 200
200 150
230 320 343 320 282 280
230 320 343 320 282 280 289 259 301 200 290 208 284 364 385 338 363 332 279 294 286 217 288 212 247 326 345 297 353 297 288 274 257 231 266 193
150
100
100
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 1,798 of , up Properties 6.0 % from available 1,697 last for sale month as of and up 1.7 %
2,500
January from 1,768 was 1,798 in January , up 6.0 of % last from year 1,697 . January last month 2017 and Inventory up 1.7 % was
2,500
2,000 from at its 1,768 highest in January level compared of last year with . January 2017 of 2016 Inventory and 2015 was .
2,000 at its highest level compared with January of 2016 and 2015 .
1,500
Total Inventory & Month ' s Supply of Inventory ( MSI )
10.0
8.0
10.0
8.0
6.0
1,500
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 January for 2017 sellers MSI while of a 9.3 higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 9.3 of 2016
500 months and 2015 was
. at its highest level compared with January of 2016 and 2015 .
0
500
2.0
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
2.0
0.0
1,696 1,604 1,595 1,556 1,535 1,442 1,427 1,389 289 259 301 200 290
Number of Properties Sold
208 284 364 385 338 363
1,696 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
1,470 1,439 1,496 1,585 1,668 1,565 1,545 1,451 1,391 1,397 1,329 1,350
1,511
332 279 294
1,329 1,566
1,350 1,615
1,768 286 217 288 212
1,914 1,885 1,949 1,830
1,511 1,566 1,615
247 326 345 297 353 297 288
1,744 1,687 1,635 1,654 1,660 1,717 1,697 1,798
274 257 231
1,768 1,914 1,885 1,949 1,830 1,744 1,687 1,635 1,654 1,660 1,717 1,697 1,798
3 Mo Avg
266
193
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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 .