FL ARCHIVED March 2017 | Page 126

Market Action Report
City: Delray Beach
March 2017
Delray Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
City: Delray 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
$265,000
4%
4%
Other
$546,718 Trending
-0% versus*:
-2%
Month
LM -13%
L3M -2%
PYM 10%
LY
$169,950
$265,000
4% -5% 0%
4% -0%
$327,973
$546,718 1,717
-0% -4% -2% -9%
$169,950 342
-13% 34%
-2% 10% 5%
4%
$327,973 -5%
0%
-0%
-2%
76 -15% -10% -1%
1,717 -4%
-9%
$195 -1% -1% 7%
342 34%
5%
$170 -3% 3% 1%
76 -15% -10% -1% -13%
5.0 -28% -28% -13%
$195 -1% -1% 7% 5%
92.3% -.1% .4% .7%
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
450
March Property sales were 342, up 4.6% from 327 in March of
400
2016 and 34.1% higher than the 255 sales last month. March
Property
2017 sales Sales
were at a mid level compared to March of 2016 and 450 350
March
sales sales
were of
342,
up are
4. 6%
from 327
in March
of last
2015. Property
March YTD
808
running
2.8%
ahead of
400 300
2016
and
34.1% higher
than of the
255 sales last month. March
year's
year-to-date
sales
786.
2017 sales were at a mid level compared to March of 2016 and
350 250
$175,750
$335,432
-13%
17%
808
-4%
83
5%
$198
808
3%
7%
$170
83
6%
-22%
6.9
$198
8%
1.0%
92.0%
-4% 8%
0%
3% 8%
6% 0%
8%
8%
-5%
-5%
6%
1% -5%
6%
7%
8%
1%
3 Mo Avg
3 Mo Avg
300 200
363
0
50
Prices
14
15
450
16
217
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
The Median Sales Price in March was $169,950, up 10.4% from
Prices
$154,000 in March of 2016 and down 12.8% from $195,000 last
The
Median
Sales
Price Sales
in March
was
up $327,973,
10.4% from
month.
The
Average
Price
in $169,950,
March was
down
450
$154,000
in March
of 2016
and down
12.8%
$195,000
last
0.2% from
$328,539
in March
of 2016
and from
down
4.8% from
month.
The last
Average
Sales
Price 2017
in March
down
400
$344,429
month.
March
ASP was
was $327,973,
at a mid range
0.2%
from $328,539
of 2016
and down 4.8% from
compared
to March in of March
2016 and
2015.
50
100
250 150
200 100
150
$344,429 last month. March 2017 ASP was at a mid range
compared to March of 2016 and 2015.
$335,432
Number of Properties Sold
2015. March YTD sales of 808 are running 2.8% ahead of last
year's year-to-date sales of 786.
Trending versus*:
YTD
Prior YTD 17%
Prior Year
$175,750
4%
-2%
$170 -3% 3% 1% 7%
$170
8%
7%
5.0 -28% -28% -13% -22%
6.9
-5%
8%
Number of 92.0%
Properties
92.3% -.1% .4% .7% 1.0%
1% Sold 1%
* 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
Market Action Report
17
Median Sales Price and Average Sales Price
3 Mo Avg
400
350
350 300
300 250
250 200
200 150
150 100
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
100
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
10.0
10.0
2,000
mid level compared with March of 2016 and 2015.
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
1,500
1,500
1,000
A comparatively lower MSI is more beneficial for sellers while 1,000
a
500
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 5.0
higher
MSI
is better
for level
buyers.
The March
MSI of of 2016
5.0 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
4.0
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
.
6.0
2.0
0
14
126 | c
8.0
Inventory & MSI
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
2,500
was Total
1,717,
down 3.6%
from 1,781
last month
and as down
8.9%
The
Inventory
of Properties
available
for sale
of March
from
1,885
in March
of last
year.
2017 down
Inventory
a
was
1,717,
down
3.6% from
1,781
last March
month and
8.9% was at 2,500
2,000
from
in March of with
last year.
2017
Inventory
mid 1,885
level compared
March March
of 2016
and
2015. was at a
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.