FL ARCHIVED January 2017 | Page 136

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
1 %
27 %
Average List Price of all Current Listings
$ 447,280
-0%
22 %
January Median Sales Price
$ 174,500
-6%
1 %
10 %
3 %
$ 174,500
10 %
3 %
January Average Sales Price
$ 274,980
17 %
18 %
26 %
19 %
$ 274,980
26 %
19 %
Total Properties Currently for Sale ( Inventory )
2,134
6 %
-10%
January Number of Properties Sold
293 -11%
11 %
293
11 %
January Average Days on Market ( Solds )
83
-6%
0 %
-5%
-2%
83
-5%
-2%
Asking Price per Square Foot ( based on New Listings )
$ 170
-7%
-5%
13 %
-1%
$ 170
13 %
-1%
January Sold Price per Square Foot
$ 152
7 %
8 %
16 %
8 %
$ 152
15 %
8 %
January Month ' s Supply of Inventory
7.3
19 %
13 % -19%
16 %
7.3
-19%
16 %
January Sale Price vs List Price Ratio
91.5 % -2.1% -1.7% -2.8% -1.6%
91.5 %
-3%
-2%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
600
January Property sales were 293 , up 10.6 % from 265 in January
of 2016 and 11.2 % lower than the 330 sales last month . January
Property
2017 sales Sales were at their highest level compared to January of
600
500
January
2016 and Property 2015 . sales January were YTD 293 , sales up 10.6 of % 293 from are 265 running January 10.6 % of ahead 2016 and of last 11.2 year % lower ' s year-to-date than the 330 sales sales of last 265 month . . January
500
2017 sales were at their highest level compared to January of
400
2016 and 2015 . January YTD sales of 293 are running 10.6 % ahead of last year ' s year-to-date sales of 265 .
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 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 $ 174,500 , up 9.7 % from
300
Prices $ 159,000 in January of 2016 and down 5.5 % from $ 184,750 Median Sales Price and Average Sales Price
3 Mo Avg The last Median month Sales . The Price Average in January Sales Price was $ in 174,500 January , up was 9.7 % $ 274,980 from ,
280
300 $ up 159,000 26.1 % in from January $ 218,138 of 2016 in and January down of 5.5 2016 % from and $ up 184,750 16.8 % from 260 last month . The Average Sales Price in January was $ 274,980 ,
280
$ 235,493 last month . January 2017 ASP was at the highest level 240 up 26.1 % from $ 218,138 in January of 2016 and up 16.8 % from 260 compared to January of 2016 and 2015 .
220
$ 235,493 last month . January 2017 ASP was at the highest level 240 200 compared to January of 2016 and 2015 . 220
180 200
160 180
140 160
120
140 120
100
100 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 2,134 of , up Properties 6.0 % from available 2,014 for last sale month as of and down 3,000
10.0
January 10.3 % from was 2,134 2,380 , up in 6.0 January % from of 2,014 last year last month . January and 2017 down 3,000 10.0
2,500 8.0
10.3 Inventory % from 2,380 was at in its January lowest of level last compared year . January with 2017 January of 2016 2,500
8.0 Inventory and 2015 was . at its lowest level compared with January of 2016 2,000 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 January 2017 MSI of 7.3 higher months MSI was is better at its lowest for buyers level . The compared January with 2017 January MSI of 7.3
500 2.0 of 2016 500
2.0 months and 2015 was . at its lowest level compared with January of 2016
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
M A J F M A M J
F M A M J 14
15 16
17
292 382 416 412 354 406 354 359 403 308 396 287 350 451 451 447 429 477 362 384 397 340 410 265 295 441 477 402 423 363 378 399 341 362 330 293
2,671 2,704 2,624 2,594 2,555 2,532 2,510 2,588 2,628 2,600 2,539 2,672 2,736 2,647 2,523 2,444 2,350 2,295 2,224 2,182
F
14
292 382 416 412 354 406 354 359 403 308
J A S O N D J 15
396
Number of Properties Sold
287 350 451 451
2,671 2,704 2,624 2,594 2,555 2,532 2,510 2,588 2,628 2,600 2,539 2,672 2,736 2,647 2,523 2,444 447 429 477 362 384
2,281 2,291 2,233 2,380 2,518 2,462 2,513 2,390 2,332 2,240 2,150 2,216 2,137 2,174 2,014 2,134
J A S O N D J
16
397 340 410 265 295 441 477 402
2,350 2,295 2,224 2,182 2,281 2,291 2,233 2,380 2,518 2,462 2,513 2,390 2,332 2,240 423 363
3 Mo Avg
378
J A S O N D J
17
399 341 362
2,150 2,216 2,137 2,174 2,014 2,134
3 Mo Avg
330
293
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 .