FL ARCHIVED March 2017 | Page 136

Market Action Report
March 2017
West
Palm
Beach
Market Action Report
City: West Palm Beach
Agent Name
Title
Phone
Agent
Name
Website
Title Other
March 2017
Community Information | School District
City: West Palm Beach
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
$259,900
2%
24%
Other
$561,630 Trending
26% versus*:
52%
Month
LM -1%
L3M -1%
PYM 2%
LY
$173,000
$259,900
2% 1% 0%
24% 0%
$241,194
$561,630 2,112
26% -2% 52% -15%
$173,000 387
-1% 21%
-1% 2% -12%
2%
$241,194 1%
0%
0%
5%
79 -10% -6% -12%
2,112 -2%
-15%
$244 41% 27% 52%
387 21%
-12%
$143 -2% 0% 4%
79 -10% -6% -12% -7%
5.5 -19% -14% -2%
$244 41% 27% 52% 43%
92.9% -.6% .0% -.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
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
$170,000 1,032
6%
$245,631
9%
-7%
83
43%
$194
1,032
3%
2%
$145
83
-3%
-14%
6.4
$194
24%
-.1%
92.7%
3 Mo Avg
3 Mo Avg
Prices
16
3 Mo Avg
Total Inventory & Month's Supply of Inventory (MSI)
Total Inventory & Month's Supply of Inventory (MSI)
10.0
1,500
1,500
A comparatively lower MSI is more beneficial for sellers while a 1,000
A higher
comparatively
lower MSI
is more The
beneficial
sellers
while
a 1,000
MSI is better
for buyers.
March for
2017
MSI
of 5.5
500
higher
MSI
is better
for buyers.
March 2017
MSI of 5.5
months
was
at its lowest
level The
compared
with March
of 2016 and 500
months
was
at
its
lowest
level
compared
with
March
of
2016
and
0
2015.
0
10.0
8.0
2,000
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
14
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
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
Inventory & MSI
136 | c
340
15
Median Sales Price and Average Sales Price
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
The Total Inventory
Inventory
& MSI of Properties available for sale as of March
3,000
was Total
2,112,
down 2.2%
from 2,159
last month
and
14.6%
The
Inventory
of Properties
available
for sale
as down
of March
from
2,473
in March
of last
year.
Inventory
was
2,112,
down
2.2% from
2,159
last March
month 2017
and down
14.6% was at 3,000 2,500
from
2,473 in
March
of last year.
Inventory
was at
its lowest
level
compared
with March 2017
of 2016
and 2015.
2,500
2,000
its lowest level compared with March of 2016 and 2015.
2015.
429
14
300
280
260
240
220
200
180
160
140
120
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
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
240
220
200
180
160
140
120
100
0
100
$238,922 last month. March 2017 ASP was at the highest level
compared to March of 2016 and 2015.
-2%
13%
4%
-0%
-0%
200
200 100
The Median Sales Price in March was $173,000, up 1.8% from
Prices
$170,000 in March of 2016 and down 1.1% from $175,000 last
The
Median
Sales
Price Sales
in March
was
up $241,194,
1.8% from up
month.
The
Average
Price
in $173,000,
March was
300
$170,000
in March
of 2016
and down
1.1% and
fr om
last
0.5% from
$240,098
in March
of 2016
up $175,000
1.0% from
month.
The last
Average
Sales
Price 2017
in March
up level 280
$238,922
month.
March
ASP was
was $241,194,
at the highest
260
0.5%
from $240,098
of 2016
and up 1.0% from
compared
to March in of March
2016 and
2015.
3% 0%
-3% 7%
24%
8%
-2%
-18%
13%
-1%
300
300
0%
7%
9%
Number of Properties Sold
400
$245,631
$143 -2% 0% 4% 2%
$145
8%
4%
5.5 -19% -14% -2% -14%
6.4 -18%
-0%
of 92.7%
Properties
92.9% -.6% .0% -.6% Number
-.1%
-1% Sold -0%
600
March Property sales were 387, down 12.4% from 442 in March
of 2016 and 21.3% higher than the 319 sales last month. March
500
Property
2017 sales Sales
were at their lowest level compared to March of 2016
600
March
Property
sales
were
387, of down
12.4%
from 442 3.0%
in March
and 2015.
March
YTD
sales
1,032
are running
ahead of
400
of last
2016
and year-to-date
21.3% higher sales
than the
319 sales last month. March
year's
of 1,002.
500
2017 sales were at their lowest level compared to March of 2016
and 2015. March YTD sales of 1,032 are running 3.0% ahead of
last year's year-to-date sales of 1,002.
Trending versus*:
YTD
Prior YTD 6%
Prior Year
$170,000
2%
5%
* 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
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.