FL ARCHIVED March 2017 | Page 124

Market Action Report
March 2017
Boynton
Beach
Market Action Report
City: Boynton Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
City: Boynton 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
$269,900
3%
6%
Other
$323,661 Trending
2% versus*:
-2%
Month
LM 7%
L3M 0%
PYM 7%
LY
$230,000
$269,900
3% 8% 0%
6% 7%
$259,226
$323,661 1,545
2% -4% -2% -14%
$230,000 340
7% 48%
0% 7% -1%
0%
$259,226 8%
0%
7%
2%
94 15% 9% 25%
1,545 -4%
-14%
$158 -1% 1% 2%
340 48%
-1%
$144 1% 0% 8%
94 15% 9% 25% 15%
4.5 -35% -26% -14%
$158 -1% 1% 2% 2%
92.1% -.9% -1.2% -.8%
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
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
$229,500
$253,558
15%
7%
810
7%
89
2%
$156
810
-2%
3%
$144
89
7%
-18%
6.1
$156
0%
-1.3%
92.7%
7% 0%
0%
-2% 0%
7% 0%
0%
11%
9%
-7%
1%
0% 9%
1%
3%
10%
-1%
3 Mo Avg
Number of Properties Sold
3 Mo Avg
300 200
385
0
50
50
100
250 150
200 100
150
Prices
14
15
The Median Sales Price in March was $230,000, up 7.0% from
Prices
$215,000 in March of 2016 and up 6.7% from $215,500 last
290
The
Median
Sales
Price Sales
in March
was
7.0% from up
month.
The
Average
Price
in $230,000,
March was up
$259,226,
270
$215,000
in $241,514
March of 2016
and up
6.7% from
$215,500
last
7.3% from
in March
of 2016
and up
7.7% from
290
month.
The last
Average
Sales
Price in
March
up level
$240,670
month.
March
2017
ASP was
was $259,226,
at the highest
270 250
7.3%
from $241,514
in of
March
2016
and up 7.7% from
compared
to March
2016 of and
2015.
$240,670 last month. March 2017 ASP was at the highest level
250 230
16
Median Sales Price and Average Sales Price
254
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 M Sales
J J A Price
S O N and
D J Average
F M A M Sales
J J A Price
S O N D J F M
3 Mo Avg
0
compared to March of 2016 and 2015.
$253,558
$144 1% 0% 8% 3%
$144
11%
3%
4.5 -35% -26% -14% -18%
6.1
-7%
10%
Number of 92.7%
Properties
92.1% -.9% -1.2% -.8% -1.3%
0% Sold -1%
450
March Property sales were 340, down 0.9% from 343 in March
of 2016 and 47.8% higher than the 230 sales last month. March 400
Property
2017 sales Sales
were at their lowest level compared to March of 2016
450 350
March
Property
sales
were
340, of down
0.9%
from 343
in March
and 2015.
March
YTD
sales
810 are
running
1.6%
behind last
of year's
2016 year-to-date
and 47.8% higher
the 230 sales last month. March 400 300
sales than
of 823.
2017 sales were at their lowest level compared to March of 2016 350 250
and 2015. March YTD sales of 810 are running 1.6% behind last
year's year-to-date sales of 823.
Trending versus*:
YTD
Prior YTD 7%
Prior Year
$229,500
0%
2%
* 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
Trending versus*:
Prior YTD Prior Year
YTD
17
3 Mo Avg
230 210
210 190
190 170
170 150
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
150
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
1,500
its lowest level compared with March of 2016 and 2015.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,000
1,000
A comparatively lower MSI is more beneficial for sellers while a
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 4.5
higher
MSI
is better
for level
buyers.
The March
MSI of of 2016
4.5 and
months
was
at a mid
compared
with 2017
March
months
2015. was at a mid level compared with March of 2016 and
2015.
500
0
500
0
.
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
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
17
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
14
15
16
17
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
124 | c
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
2,000
was Total
1,545,
down 3.6%
from 1,602
last month
and
14.3%
The
Inventory
of Properties
available
for sale
as down
of March
from
1,802
in March
of last
year.
Inventory
was
1,545,
down
3.6% from
1,602
last March
month 2017
and down
14.3% was at 2,000
from
1,802 in
March
of last year.
March 2017
Inventory
was at
its lowest
level
compared
with March
of 2016
and 2015.
1,500
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 transac tion.
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.