Real Estate Trends

Facts and Trends

Published June 2020*

Location:	Area 5300
Price Range:	$200,000 - No Limit
SQFT Range:	1600 - No Limit
Property Types:	Residential - Single Family Homes and Condo/Coop/Villa/Twnhse Combined - All Properties - All Properties - All Properties
Bedrooms:	0 - No Limit
Full Baths:	0 - No Limit
Half Baths:	0 - No Limit
Year Built:	0 - No Limit

Prepared for you by: Laura Cole & Tana Gaskill

Number of Homes For Sale vs. Sold vs. Pended (Mar. 2019 - May. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago
	May. 20	Apr. 20	% Change	May. 20	May. 19	% Change	Mar. 20 to May. 20	Mar. 19 to May. 19	% Change
For Sale	69	61	13.1%	69	77	-10.4%	69	77	-10.4%
Sold	7	5	40%	7	5	40%	22	31	-29%
Pended	1	1	0%	1	10	-90%	11	28	-60.7%

	TODAY’S STATS
	Current vs. Prev MTD			Current vs. Same MTD 1 Yr Ago			Current vs. Prev YTD
	6/1/20 - 6/10/20	5/1/20 - 5/10/20	% Change	6/1/20 - 6/10/20	6/1/19 - 6/10/19	% Change	1/1/20 - 6/10/20	1/1/19 - 6/10/19	% Change
For Sale	59	59	0%	59	60	-1.7%	59	60	-1.7%
Sold	1	3	-66.7%	1	3	-66.7%	41	51	-19.6%
Pended	5	0	N/A	5	3	66.7%	40	56	-28.6%

May 2020 is a Buyer's market**
Home For Sale in May 2020 is 69 units. It is up 13.1% compared to last month and down 10.4% compared to last year.
Home Closed in May 2020 is 7 units. It is up 40% compared to last month and up 40% compared to last year.
Home Placed under Contract in May 2020 is 1 units. It is the same as compared to last month and down 90% compared to last year.

**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Average Price per SQFT (Sold) (Mar. 2019 - May. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago
	May. 20	Apr. 20	% Change	May. 20	May. 19	% Change	Mar. 20 to May. 20	Mar. 19 to May. 19	% Change
Avg. Sq. Ft. Price (Sold)	238	231	3%	238	231	3%	208.23	204.52	1.8%

	TODAY’S STATS
	Current vs. Prev MTD			Current vs. Same MTD 1 Yr Ago			Current vs. Prev YTD
	6/1/20 - 6/10/20	5/1/20 - 5/10/20	% Change	6/1/20 - 6/10/20	6/1/19 - 6/10/19	% Change	1/1/20 - 6/10/20	1/1/19 - 6/10/19	% Change
Avg. Sq. Ft. Price (Sold)	214	266	-19.5%	214	241	-11.2%	204	210	-2.9%

May 2020 Average Sold Price per Square Footage is Appreciating**
Average Sold Price per Square Footage in May 2020 is $238. It is up 3% compared to last month and up 3% compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.

Avg Days On Market & SP/Orig LP % (Mar. 2019 - May. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago
	May. 20	Apr. 20	% Change	May. 20	May. 19	% Change	Mar. 20 to May. 20	Mar. 19 to May. 19	% Change
Avg Days on Market	106	34	211.8%	106	118	-10.2%	91	127	-28.3%
Sold/Orig LP Diff. %	89	92	-3.3%	89	82	8.5%	89	83	7.2%

	TODAY’S STATS
	Current vs. Prev MTD			Current vs. Same MTD 1 Yr Ago			Current vs. Prev YTD
	6/1/20 - 6/10/20	5/1/20 - 5/10/20	% Change	6/1/20 - 6/10/20	6/1/19 - 6/10/19	% Change	1/1/20 - 6/10/20	1/1/19 - 6/10/19	% Change
Avg Days on Market	209	184	13.6%	209	18	1,061.1%	115	108	6.5%
Sold/Orig LP Diff. %	68	85	-20%	68	86	-20.9%	87	85	2.4%

May 2020 Average Days on Market trend Remains Steady**
Average Days on Market in May 2020 is 106. It is up 211.8% compared to last month and down 10.2% compared to last year.

May 2020 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in May 2020 is 89%. It is down 3.3% compared to last month and up 8.5% compared to last year.

**Based on 6 month trend - Rising/Falling/Remains Steady.

Average Price of For Sale and Sold (Mar. 2019 - May. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago
	May. 20	Apr. 20	% Change	May. 20	May. 19	% Change	Mar. 20 to May. 20	Mar. 19 to May. 19	% Change
Avg. Active Price	677	720	-6%	677	770	-12.1%	705	757	-6.9%
Avg. Sold Price	744	575	29.4%	744	742	0.3%	572	634	-9.8%

	TODAY’S STATS
	Current vs. Prev MTD			Current vs. Same MTD 1 Yr Ago			Current vs. Prev YTD
	6/1/20 - 6/10/20	5/1/20 - 5/10/20	% Change	6/1/20 - 6/10/20	6/1/19 - 6/10/19	% Change	1/1/20 - 6/10/20	1/1/19 - 6/10/19	% Change
Avg. Active Price	675	726	-7%	675	795	-15.1%	675	795	-15.1%
Avg. Sold Price	914	928	-1.5%	914	720	26.9%	562	649	-13.4%

May 2020 Average For Sale Price is Depreciating**
Average For Sale Price (in thousand) in May 2020 is $677. It is down 6% compared to last month and down 12.1% compared to last year.

May 2020 Average Sold Price is Appreciating**
Average Sold Price (in thousand) in May 2020 is $744. It is up 29.4% compared to last month and up 0.3% compared to last year.

**Based on 6 month trend - Appreciating/Depreciating/Neutral.

Months of Inventory Based on Closed Sales (Mar. 2019 - May. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago
	May. 20	Apr. 20	% Change	May. 20	May. 19	% Change	Mar. 20 to May. 20	Mar. 19 to May. 19	% Change
Months of Inventory (Closed Sales)	9.9	12.2	-18.9%	9.9	15.4	-35.7%	9.4	9.6	-2.1%

	TODAY’S STATS
	Current vs. Prev MTD			Current vs. Same MTD 1 Yr Ago			Current vs. Prev YTD
	6/1/20 - 6/10/20	5/1/20 - 5/10/20	% Change	6/1/20 - 6/10/20	6/1/19 - 6/10/19	% Change	1/1/20 - 6/10/20	1/1/19 - 6/10/19	% Change
Months of Inventory (Closed Sales)	19.7	6.3	211.2%	19.7	6.7	195%	7.8	6.4	22%

May 2020 is a Buyer's market**
Months of Inventory based on Closed Sales in May 2020 is 9.9. It is down 18.9% compared to last month and down 35.7% compared to last year.

**Buyer's market: more than 6 months of inventory based on closed sales. Seller's market: less than 3 months of inventory based on closed sales. Neutral market: 3 - 6 months of inventory based on closed sales.

Date	3/19	4/19	5/19	6/19	7/19	8/19	9/19	10/19	11/19	12/19	1/20	2/20	3/20	4/20	5/20
For Sale	85	85	77	60	57	56	60	66	77	77	77	71	62	61	69
New Listing	23	14	9	6	19	10	13	23	16	11	24	12	11	5	10
Sold	15	11	5	11	8	8	5	8	5	7	9	9	10	5	7
Pended	8	10	10	6	10	3	7	11	9	5	11	11	9	1	1
Months of Inventory (Closed Sales)	5.7	7.7	15.4	5.5	7.1	7	12	8.3	15.4	11	8.6	7.9	6.2	12.2	9.9
Months of Inventory (Pended Sales)	10.6	8.5	7.7	10	5.7	18.7	8.6	6	8.6	15.4	7	6.5	6.9	61	69
Absorption Rate (Closed Sales) %	17.6	12.9	6.5	18.3	14	14.3	8.3	12.1	6.5	9.1	11.7	12.7	16.1	8.2	10.1
Absorption Rate (Pended Sales) %	9.4	11.8	13	10	17.5	5.4	11.7	16.7	11.7	6.5	14.3	15.5	14.5	1.6	1.4
Avg. Active Price	740	761	770	795	798	795	702	663	693	728	709	711	720	720	677
Avg. Sold Price	587	649	742	536	873	498	556	658	422	474	459	600	449	575	744
Avg. Sq. Ft. Price (Sold)	188	215	231	204	264	173	199	210	175	202	178	210	176	231	238
Sold/List Diff. %	89	91	88	90	93	89	91	88	93	95	92	95	93	92	93
Sold/Orig LP Diff. %	83	83	82	87	90	85	89	77	89	94	88	87	88	92	89
Avg Days on Market	136	119	118	100	64	125	67	175	95	45	91	187	109	34	106
Median Sold Price	420	550	650	479	502	425	520	588	380	452	385	499	433	375	525

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*All reports are published June 2020, based on data available at the end of May 2020, except for the today’s stats. This representation is based in whole or in part on data supplied by Realtor Association of The Palm Beaches, Jupiter, Tequesta, Hobe Sound Association of Realtors, and St. Lucie Association of Realtors. Neither the Board nor its MLS guarantees or Neither the Boards nor its MLS guarantees or is in any way responsibles for its accuracy. Data maintained by the Board or its MLSs may not reflect all real estate activity in the market. Report reflects activity by all brokers participated in the MLS.

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