FL ARCHIVED January 2017 | Page 132

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 595,000
1 %
15 %
Average List Price of all Current Listings
$ 1,047,641
1 %
20 %
January Median Sales Price
$ 378,750
-0%
-5%
3 %
2 %
$ 378,750
3 %
2 %
January Average Sales Price
$ 580,371
26 %
6 %
14 %
14 %
$ 580,371
14 %
14 %
Total Properties Currently for Sale ( Inventory )
735
4 %
-9%
January Number of Properties Sold
90 -31%
-13%
90
-13%
January Average Days on Market ( Solds )
108
17 %
10 %
2 %
10 %
108
2 %
10 %
Asking Price per Square Foot ( based on New Listings )
$ 267
2 %
3 %
8 %
10 %
$ 267
8 %
10 %
January Sold Price per Square Foot
$ 226
13 %
7 %
15 %
11 %
$ 226
15 %
11 %
January Month ' s Supply of Inventory
8.2
51 %
17 %
5 %
25 %
8.2
5 %
25 %
January Sale Price vs List Price Ratio
91.7 % -2.0% -1.7% -. 2 % -1.1%
91.7 %
-0%
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales 180
January Property sales were 90 , down 13.5 % from 104 in Number of Properties Sold
3 Mo Avg
January of 2016 and 31.3 % lower than the 131 sales last month .
160 Property January 2017 Sales sales were at a mid level compared to January of 180 140 January 2016 and Property 2015 . sales January were YTD 90 , down sales of 13.5 90 % are from running 104 13.5 % January of 2016 and 31.3 % lower than the 131 sales last month .
160 120 behind last year ' s year-to-date sales of 104 . January 2017 sales were at a mid level compared to January of 140 100
2016 and 2015 . January YTD sales of 90 are running 13.5 % 120 behind last year ' s year-to-date sales of 104 .
80
100 60 80
40
60 20
40
0
20 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
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 Prices
Median Sales Price and Average Sales Price
14 15
16
17 3 Mo Avg The Median Sales Price in January was $ 378,750 , up 2.8 % from
700
Prices $ 368,500 in January of 2016 and down 0.3 % from $ 380,000 Median Sales Price and Average Sales Price
3 Mo Avg
The last Median month Sales . The Price Average in January Sales Price was $ in 378,750 January , up was 2.8 $ % 580,371 from , 650
700 $ up 368,500 14.2 % in from January $ 508,427 of 2016 in and January down of 0.3 2016 % from and $ up 380,000 26.4 % from 600 last month . The Average Sales Price in January was $ 580,371 , 650
$ 459,135 last month . January 2017 ASP was at the highest level 550 up compared 14.2 % from to January $ 508,427 of in 2016 January and of 2015 2016 . and up 26.4 % from 600
500
$ 459,135 last month . January 2017 ASP was at the highest level 550 compared to January of 2016 and 2015 .
450 500
400
450 400
350
350 300
300 250
250 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 735 , up of Properties 4.0 % from available 707 last for month sale as and of down 9.5 % 1,000
12.0
January from 812 was in 735 January , up 4.0 of % last from year 707 . last January month 2017 and Inventory down 9.5 % was 1,000 at 12.0
800 10.0 from its lowest 812 in level January compared of last year with . January 2017 of 2016 Inventory and 2015 was . at 800
10.0 its lowest level compared with January of 2016 and 2015 .
8.0 600
8.0 600
6.0
400 6.0
A comparatively lower MSI is more beneficial for sellers while a 400 4.0
A comparatively lower MSI is more beneficial for sellers while a
4.0 higher MSI is better for buyers . The January 2017 MSI of 8.2 200 higher months MSI was is better at a mid for level buyers compared . The January with January 2017 MSI of of 2016 8.2 and 200
2.0
2.0 months 2015 . was at a mid level compared with January of 2016 and 0
0.0 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
105 125 114 140 135 149 130
105 125 114 140 135 149 130 120 108 92 129 85 84 139 164 155 150 142 142 117 124 96 115 104 93 138 124 151 154 135 150 112 123 100 131 90
900
918 861 885 859 799 778 779 830
120 108 92
900
918 861 885 859 799 778 779 830 806
129
Number of Properties Sold
85 84 139 164 155 150
776 860 904 863 807 808 786 747
806
776 860 904 863 807 808 786 747 690 690
142 142 117
736
727 690
715 690 812
124 96 115 104 93
861 883 904 856 826
736 727 715
138 124 151 154 135 150
791 762 761 753 745 707 735
112
812 861 883 904 856 826 791 762 761 753 745
123
3 Mo Avg
100
707
735 131 90
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 .