FL ARCHIVED January 2017 | Page 130

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 1,210,000
3 %
69 %
Average List Price of all Current Listings
$ 3,840,538
-5%
26 %
January Median Sales Price
$ 550,000
-41% -25% 16 %
-9%
$ 550,000
16 %
-9%
January Average Sales Price
$ 1,662,147
23 %
6 %
75 %
-8%
$ 1,662,147
75 %
-8%
Total Properties Currently for Sale ( Inventory )
466
6 %
-8%
January Number of Properties Sold
19 -21%
-32%
19
-32%
January Average Days on Market ( Solds )
110 -44% -32% -23% -26%
110
-23%
-26%
Asking Price per Square Foot ( based on New Listings )
$ 814
5 %
2 %
-5%
3 %
$ 814
-5%
3 %
January Sold Price per Square Foot
$ 577
-17% -3%
34 %
2 %
$ 577
34 %
2 %
January Month ' s Supply of Inventory
24.5
34 %
20 %
36 %
68 %
24.5
36 %
68 %
January Sale Price vs List Price Ratio
91.9 %
5.5 % 4.3 % 3.4 % 5.6 %
91.9 %
3 %
6 %
* 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
January Property sales were 19 , down 32.1 % from 28 in January of 2016 and 20.8 % lower than the 24 sales last month . January
70
Number of Properties Sold
3 Mo Avg
Property
2017 sales Sales were at their lowest level compared to January of
January
2016 and Property 2015 . sales January were YTD 19 , down sales 32.1 of 19 % are from running 28 January 32.1 % of behind 2016 and last 20.8 year %' s lower year-to-date than the sales 24 sales of 28 last . month . January
2017 sales were at their lowest level compared to January of
2016 and 2015 . January YTD sales of 19 are running 32.1 %
80
70
60
60
50
40
behind last year ' s year-to-date sales of 28 .
50
30
40
20
30
10
20
0
10
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 $ 550,000 , up 16.4 %
F
M A M J
14
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
3 Mo Avg
Prices from $ 472,500 in January of 2016 and down 40.7 % from
The
$ 927,500 Median last Sales month Price . in The January Average was Sales $ 550,000 Price , up in January 16.4 % was
2,700
Median Sales Price and Average Sales Price
3 Mo Avg
from
$ 1,662,147 $ 472,500 , up in 74.9 January % from of 2016 $ 950,208 and down in January 40.7 % from of 2016 and up $ 927,500 last month . The Average Sales Price in January
2,700
22.9 % from $ 1,352,531 last month . January 2017 ASP was at
2,200
$ the 1,662,147 highest , up level 74.9 compared % from $ 950,208 to January in January of 2016 of and 2016 2015 and . up
22.9 % from $ 1,352,531 last month . January 2017 ASP was at
2,2001,700
the highest level compared to January of 2016 and 2015 .
1,7001,200
1,200
36 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 19
700 200
200 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
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 Total Inventory & Month ' s Supply of Inventory ( MSI )
The January Total Inventory was 466 , up of Properties 6.4 % from available 438 last for month sale as and of down 7.7 % 700
30.0
January from 505 was in 466 January , up 6.4 of % last from year 438 . last January month 2017 and Inventory down 7.7 % was 700 at 600 30.0
25.0 from its lowest 505 in level January compared of last year with . January 2017 of 2016 Inventory and 2015 was . at 600
500 25.0 its lowest level compared with January of 2016 and 2015 . 20.0
500 400
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 January 2017 MSI of 24.5200 higher months MSI was is better at its highest for buyers level . The compared January with 2017 January MSI of 24.5 of 2016
100 5.0
5.0 months was at its highest level compared with January of 2016
100 and 2015 .
0 0.0 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
602
700
588 36
602 549
51 588
512 56 58 54 32 31 32 37
504 549
470 512
446 504
446 470
466 446 487
446 478
466
18 40 44
Number of Properties Sold
33 53 73 55 66 33 31 46
517 487 545 478 520
517 492
545 436
520
423 414
492
398 436
397 423
441 414
398 470
397 471
505 441
519 470
490 471
482 505
431 519 388 490
359 482
336 431
350
388
379 359 412 336 438 350 466 379
39 30 33 28 25 50 48 46 47 26 32 28
412 15
438
3 Mo Avg
22
466 24 19
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 .