FL ARCHIVED March 2017 | Page 120

Market Action Report
March 2017
Palm
Beach
County
Market Action Report
County: Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
County: Palm Beach Community Information | School District
Price Range: All | Properties: SFH - Con
Phone
Month
Website
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
LM
Trending versus*:
L3M PYM
LY
$375,145
3%
14%
Other
$888,155 Trending
4% versus*:
17%
Month
LM 4%
L3M 2%
PYM 9%
LY
$260,000
$375,145
3% -6% 4%
14% 11%
$412,398
$888,155
4% -3% 17% -15%
13,568
$260,000 2,590
4% 35%
2% 9% -3%
4%
$412,398 -6%
4%
11%
10%
87 -2% -1% 1%
13,568 -3%
-15%
$233 4% 3% 13%
2,590 35%
-3%
$186 0% 2% 7%
87 -2% -1% 1% -2%
5.2 -28% -22% -13%
$233 4% 3% 13% 10%
92.4% -.3% -.3% -.6%
Average List Price of all Current Listings
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
March
Sales
Price
March Median
Number
of Properties
Sold
March Average Sales Price
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
Asking Price per Square Foot (based on New Listings)
March Number of Properties Sold
March Sold Price per Square Foot
March Average Days on Market (Solds)
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
March Sale Price vs List Price Ratio
March Sold Price per Square Foot
Trending versus*:
Prior YTD 7%
Prior Year 0%
4% YTD
$251,000
10%
$410,760
10%
9%
$251,000 6,343
7%
$410,760
10%
-2%
88
-0% 0%
1% 9%
10%
9%
-1%
-11%
8%
-0%
10%
$228
6,343
-0%
7%
$184
88
1%
-17%
6.7
$228
10%
-.5%
92.5%
-1%
8%
6%
7%
-0%
$186 0% 2% 7% 7%
$184
9%
6%
5.2 -28% -22% -13% -17%
6.7 -11%
7%
of 92.5%
Properties
92.4% -.3% -.3% -.6% Number
-.5%
-0% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
March Month's Supply of Inventory
March Sale Price vs List Price Ratio
* LM=Last
Month / L3M=Last
3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
Property
Sales
3,500
March Property sales were 2,590, down 2.7% from 2,663 in
March of 2016 and 35.0% higher than the 1,919 sales last month. 3,000
Property
Sales
March 2017
sales were at their lowest level compared to March 3,500
March
Property
sales March
were 2,590,
down of
2.7%
from
in 0.1%
2,500
of 2016
and 2015.
YTD sales
6,343
are 2,663
running
March
of last
2016 year's
and 35.0%
higher than
1,919 sales last month. 3,000
behind
year-to-date
sales the
of 6,347.
2,000
March 2017 sales were at their lowest level compared to March
of 2016 and 2015. March YTD sales of 6,343 are running 0.1%
behind last year's year-to-date sales of 6,347.
Trending versus*:
Prior YTD Prior Year
YTD
3 Mo Avg
Number of Properties Sold
3 Mo Avg
2,500
1,500
2,000
1,000
Prices
300
250
200
Inventory & MSI
15
3 Mo Avg
250
200
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
17
15 A M J J A S O N D J F M 16
A M 14 J J A S O N D J F M
A M J J A S O N D J F M
14
15
16
17
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
10.0
10.0
8.0
0
6.0
4.0
2.0
0.0
8.0
6.0
4.0
2.0
0.0
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 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
15
16
17
15
16
Copyright
© Coldwell
Banker
Residential
Estate
/ Coldwell
Banker
United,
Realtors
Price Range:
All | Property
Types:
SFH - Con
Copyright
© Coldwell
Banker
Residential
Real Real
Estate
/ Coldwell
Banker
United,
Realtors
| Price | Range:
All | Property
Types: SFH
- Con
.
17
300
14
120 | c
16
Median Sales Price and Average Sales Price
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
18,000
was Total
13,568,
down 2.5%
from 13,923
last for
month
and
The
Inventory
of Properties
available
sale as
of down
March 15.2%
16,000
18,000
from
16,001
in March
of last
year. last
March
2017
was at
was
13,568,
down
2.5% from
13,923
month
and Inventory
down 15.2%
14,000
from
16,001 level
in March
of last with
year. March
March of 2017
Inventory
was at 16,000
its lowest
compared
2016
and 2015.
14,000
12,000
its lowest level compared with March of 2016 and 2015.
12,000
10,000
10,000 8,000
A comparatively lower MSI is more beneficial for sellers while a 8,000 6,000
6,000 4,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 5.2
4,000
higher
MSI
is better
for buyers.
March 2017
MSI of 5.2
months
was
at its lowest
level The
compared
with March
of 2016 and 2,000
2,000
months
0
2015. was at its lowest level compared with March of 2016 and
2015.
2,992
2,800
1,890
2,396
14
The Median Sales Price in March was $260,000, up 9.2% from
450
Prices
$238,000 in March of 2016 and up 4.0% from $250,000 last
The
Median
Sales
Price Sales
in March
was
9.2% from
month.
The
Average
Price
in $260,000,
March was up
$412,398,
up
450 400
$238,000
in March
of 2016
and up
$250,000
11.0% from
$371,482
in March
of 4.0%
2016 from
and down
6.4% last
from
month.
The last
Average
Sales
Price 2017
in March
up level
$440,728
month.
March
ASP was
was $412,398,
at the highest
400 350
11.0%
from $371,482
of 2016
and down 6.4% from
compared
to March in of March
2016 and
2015.
350
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
15
16
17
A M J J A S O N D Median
J F M A Sales
M J J Price
A S O and
N D Average
J F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
0
$440,728 last month. March 2017 ASP was at the highest level
compared to March of 2016 and 2015.
0
500
500
1,000
1,500
17
Data
provided
courtesy
of d Greater
Miami Association
of REALTORS,
Florida MLS,
Regional
MLS,
Board of REALTORS,
REALTORS of Association
of the Palm
Beaches,
Space Coast
Asso
o of l Greater
w Fort
e Fort
l Lauderdale
l Lauderdale
b a REALTORS,
n k REALTORS,
e r REALTOR
h o REALTOR
m Association
e s Association
c of o Martin
m of Martin
Data
is is
provided
courtesy
County, County,
Miami Association
of REALTORS,
My Florida My
Regional
Naples
Area Naples
Board Area
of REALTORS,
REALTORS Association
the Palm Beaches,
Space
Coast Association
of REAL
does
warrant
or guarantee
accuracy
of information.
this information.
It is responsibility
the responsibility
any or buyer
verify
and all information
to such consumer’s
estate transaction.
does
not not
warrant
or guarantee
the the
accuracy
of this
It is the
of any of
buyer
seller or to seller
verify to any
and any
all information
relevant to relevant
such consumer’s
real estate real
transaction.