FL ARCHIVED March 2017 | Page 130

Market Action Report
City: Palm Beach
March 2017
Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
City: 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
$1,195,000
0%
34%
Other
$3,754,385 Trending
-4% versus*: 7%
Month
LM 68%
L3M -3%
PYM 12%
LY
$617,500
$1,195,000
0% -48% -18%
34% -25%
$1,496,958
$3,754,385 461
-4% 0%
7% -6%
$617,500 68%
-3%
12%
5%
48 66%
-4%
$1,496,958 171
-48% 0%
-18% -25%
-17%
4% 32%
461 0%
-6%
$895 35% 15% -1%
48 66%
-4%
$615 6% -1% 17%
171 0% 4% 32% 16%
9.6 -39% -38% -2%
$895 35% 15% -1% 14%
86.7% .9% -1.0% -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
$615 6% -1% 17%
9.6 -39% -38% -2%
86.7% .9% -1.0% -2.8%
* 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
Prices
33
66
0
14
15
16
Median Sales Price and Average Sales Price
33
30
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 J Median
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
The Median Sales Price in March was $617,500, up 11.5% from
Prices
$553,750 in March of 2016 and up 67.8% from $368,000 last
The
Median
Sales
Price Sales
in March
was
up $1,496,958,
11.5% from down 2,700
month.
The
Average
Price
in $617,500,
March was
$553,750
in March
of 2016 in and
up 67.8%
from
$368,000
last from
25.2% from
$2,002,182
March
of 2016
and
down 48.4%
month.
The Average
Sales Price
in 2017
March
was was
$1,496,958,
down 2,700 2,200
$2,902,453
last month.
March
ASP
at a mid range
25.2%
from
$2,002,182
in
March
of
2016
and
down
48.4%
from
compared to March of 2016 and 2015.
2,200 1,700
$2,902,453 last month. March 2017 ASP was at a mid range
compared to March of 2016 and 2015.
3 Mo Avg
10
10
0
3 Mo Avg
20
20
8%
$604
14%
6%
-35%
15.5
-4%
5%
Number
of 87.7%
Properties
-.4%
-1% Sold 1%
30
30
5%
0%
6%
5%
1%
40
40
14%
$786
99
-4%
8%
$604
156
17%
-35%
15.5
$786
-7%
-.4%
87.7%
-4% 2%
17% 8%
-7%
14%
5%
-4%
0%
-1%
50
50
11%
99
20%
156
60
60
$600,000
$1,947,241
16%
Number of Properties Sold
70
2017 sales were at their lowest level compared to March of 2016
and 2015. March YTD sales of 99 are running 3.9% behind last
year's year-to-date sales of 103.
Trending versus*:
Prior YTD 11%
Prior Year 2%
5% YTD
$600,000
-17% $1,947,241
20%
8%
80
March Property sales were 48, down 4.0% from 50 in March of
2016 and 65.5% higher than the 29 sales last month. March
Property
2017 sales Sales
were at their lowest level compared to March of 2016
80
March
Property
sales
were
48, down
from 50 3.9%
in March
of last
and 2015.
March
YTD
sales
of 99 4.0%
are running
behind
70
2016
and
65.5% higher
than of the
29 sales last month. March
year's
year-to-date
sales
103.
Trending versus*:
Prior YTD Prior Year
YTD
Market Action Report
3 Mo Avg
17
3 Mo Avg
1,700 1,200
1,200 700
200
Inventory & MSI
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
A M 14
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 F M
14
15
16
17
400
300
A comparatively lower MSI is more beneficial for sellers while a
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
30.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
was Total
461, Inventory
up 0.2% from
460 last available
month and
down
from 490 600
The
of Properties
for sale
as 5.9%
of March
in March
last from
year. 460
March
2017 Inventory
its lowest
was
461, up of
0.2%
last month
and down was
5.9% at from
490 600 500
in level
March
of last year.
Inventory
was at its lowest
compared
with March
March 2017
of 2016
and 2015.
500
400
level compared with March of 2016 and 2015.
300
200
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a 200
MSI is better
for buyers.
March for
2017
MSI
of 9.6
100
higher
MSI
is better
for buyers.
March 2017
MSI of 9.6
months
was
at its lowest
level The
compared
with March
of 2016 and
100
months
was
at
its
lowest
level
compared
with
March
of
2016
and
0
2015.
0
2015.
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
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
130 | c
.
30.0
25.0
700
20.0
15.0
10.0
5.0
0.0
25.0
20.0
15.0
10.0
5.0
0.0
J F M
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.