FL ARCHIVED March 2017 | Page 132

Market Action Report
March 2017
Palm
Beach
Gardens
Market Action Report
City: Palm Beach Gardens
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
Community Information | School District
City: Palm Beach Gardens
Trending versus*:
L3M PYM
LY
$599,000
4%
13%
Other
$1,051,147 Trending
1% versus*:
17%
Month
LM -4%
L3M -1%
PYM 8%
LY
$382,000
$599,000
4% -16% -1%
13% 26%
$570,449
$1,051,147 768
1% -0% 17% -13%
$382,000 130
-4% 34%
-1% 8% -6%
3%
$570,449 -16%
-1%
26%
11%
97 1% -1% 4%
768 -0%
-13%
$257 2% 0% 10%
130 34%
-6%
$221 -7% 0% 16%
97 1% -1% 4% -1%
5.9 -25% -19% -8%
$257 2% 0% 10% 7%
92.2% -1.3% -.6% -.5%
3 Mo Avg
Prices
14
700
650
15
16
Median Sales Price and Average Sales Price
96
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
$682,812 last month. March 2017 ASP was at the highest level
compared to March of 2016 and 2015.
0
20
The Median Sales Price in March was $382,000, up 8.1% from
Prices
$353,500 in March of 2016 and down 4.0% from $398,000 last
The
Median
Sales
Price Sales
in March
was
8.1% from up
month.
The
Average
Price
in $382,000,
March was up
$570,449,
700
$353,500
in March
of 2016
and down
4.0% and
from
$398,000
25.9% from
$453,020
in March
of 2016
down
16.5% last
from
month.
The last
Average
Sales
Price 2017
in March
up level 650
$682,812
month.
March
ASP was
was $570,449,
at the highest
25.9%
from $453,020
in 2016
March and
of 2016
compared
to March of
2015. and down 16.5% from
600
20
40
40
60
60
80 80
100 120
and 2015. March YTD sales of 323 are running 3.6% behind last
year's year-to-date sales of 335.
Number of Properties Sold
180
March Property sales were 130, down 5.8% from 138 in March
160
of 2016 and 34.0% higher than the 97 sales last month. March
Property
2017 sales Sales
were at their lowest level compared to March of 2016
180 140
March
Property
sales
were
130, of
down
from 138
in March
and 2015.
March
YTD
sales
323 5.8%
are running
3.6%
behind last
160 120
of year's
2016 year-to-date
and 34.0% higher
the 97 sales last month. March
sales than
of 335.
2017 sales were at their lowest level compared to March of 2016 140 100
3 Mo Avg
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
March Month's Supply of Inventory
2%
7%
13%
10%
-0%
$221 -7% 0% 16% 9%
$229
17%
13%
5.9 -25% -19% -8% -11%
7.3
-7%
10%
of 92.5%
Properties
92.2% -1.3% -.6% -.5% Number
-.6%
-0% Sold -0%
* LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date
March Sale Price vs List Price Ratio
March Sold Price per Square Foot
-4% 5%
2% 22%
7%
17%
2%
-7%
7%
-0%
March Month's Supply of Inventory
Asking Price per Square Foot (based on New Listings)
March Sold Price per Square Foot
March Average Days on Market (Solds)
March Number of Properties Sold
Asking Price per Square Foot (based on New Listings)
9%
323
27%
100
7%
$257
323
-4%
9%
$229
100
2%
-11%
7.3
$257
7%
-.6%
92.5%
March Average Days on Market (Solds)
Total Properties Currently for Sale (Inventory)
$389,000
$624,694
-1%
March Average Sales Price
March
Sales
Price
March Median
Number
of Properties
Sold
Average
List Price of
all Current
Total Properties
Currently
for Listings
Sale (Inventory)
Trending versus*:
Prior YTD 9%
Prior Year 5%
3% YTD
$389,000
11%
$624,694
27%
22%
Market
Profile Sales
& Trends
March Median
Price Overview
Median
Price Sales
of all Price
Current Listings
March List
Average
150
Average List Price of all Current Listings
Trending versus*:
Prior YTD Prior Year
YTD
LM
Phone
Month
Website
Market Profile & Trends Overview
Median List Price of all Current Listings
Price Range: All | Properties: SFH - Con
Price Range: All | Properties: SFH - Con
17
3 Mo Avg
600
550
550 500
500 450
450 400
400 350
350 300
Inventory & MSI
lowest level compared with March of 2016 and 2015.
600
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
12.0
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
1,000
was Total
768, Inventory
down 0.1%
from 769 last
month
The
of Properties
available
for and
sale down
as of 13.3%
March from
886 768,
in March
of last
year.
2017 and
Inventory
was at
its 1,000
was
down 0.1%
from
769 March
last month
down 13.3%
from
800
886
in March
of last year. with
March
2017 of Inventory
at its
lowest
level compared
March
2016 and was
2015.
800
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
600
400
A comparatively lower MSI is more beneficial for sellers while a 400
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a
MSI is better
for buyers.
March for
2017
MSI
of 5.9
200
higher
MSI
is better
for buyers.
March 2017
MSI of 5.9
months
was
at its lowest
level The
compared
with March
of 2016 and 200
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
132 | c
.
12.0
10.0
300
8.0
6.0
4.0
2.0
0.0
10.0
8.0
6.0
4.0
2.0
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.