Real Estate Trends

Facts and Trends TM

Published June 2017*

Location:   Area 5300
Price Range:   $250,000 - No Limit
SQFT Range:   1600 - No Limit
Property Types:   Single Family Homes, Condo - 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. 2016 - May. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 17 Apr. 17 % Change May. 17 May. 16 % Change Mar. 17 to May. 17 Mar. 16 to May. 16 % Change 6/1/2017 - 6/9/2017 5/1/2017 - 5/9/2017 % Change
For Sale 77 80 -3.7% 77 69 11.6% 77 69 11.6% 74 83 -10.8%
Sold 6 15 -60% 6 7 -14.3% 28 20 40% 5 3 66.7%
Pended 2 12 -83.3% 2 7 -71.4% 29 24 20.8% 1 0 N/A    

May 2017 is a Buyer's market**

Home For Sale in May 2017 is 77 units. It is down 3.7% compared to the last month and up 11.6% compared to the last year.
Home Closed in May 2017 is 6 units. It is down 60% compared to the last month and down 14.3% compared to the last year.
Home Placed under Contract in May 2017 is 2 units. It is down 83.3% compared to the last month and down 71.4% compared to the 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. 2016 - May. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 17 Apr. 17 % Change May. 17 May. 16 % Change Mar. 17 to May. 17 Mar. 16 to May. 16 % Change 6/1/2017 - 6/9/2017 5/1/2017 - 5/9/2017 % Change
Avg. Sq. Ft. Price (Sold) 262 224 17% 262 224 17% 226.89 209.4 8.4% 250 269 -7.1%

May 2017 Average Sold Price per Square Footage is Appreciating**

Average Sold Price per Square Footage in May 2017 is $262. It is up 17% compared to the last month and up 17% compared to the last year.

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



Avg Days On Market & SP/Orig LP % (Mar. 2016 - May. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 17 Apr. 17 % Change May. 17 May. 16 % Change Mar. 17 to May. 17 Mar. 16 to May. 16 % Change 6/1/2017 - 6/9/2017 5/1/2017 - 5/9/2017 % Change
Days on Market 46 187 -75.4% 46 154 -70.1% 150 96 56.3% 78 91 -14.3%
Sold/Orig LP Diff. % 83 86 -3.5% 83 91 -8.8% 85 92 -7.6% 95 80 18.8%

May 2017 Average Days on Market trend Remains Steady**

Average Days on Market in May 2017 is 46. It is down 75.4% compared to the last month and down 70.1% compared to the last year.

May 2017 Sold/Original List Price Ratio is Falling**

Sold/Original List Price % in May 2017 is 83%. It is down 3.5% compared to the last month and down 8.8% compared to the last year.

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



Average Price of For Sale and Sold (Mar. 2016 - May. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 17 Apr. 17 % Change May. 17 May. 16 % Change Mar. 17 to May. 17 Mar. 16 to May. 16 % Change 6/1/2017 - 6/9/2017 5/1/2017 - 5/9/2017 % Change
Avg. Active Price 804 814 -1.2% 804 830 -3.1% 811 892 -9.1% 797 816 -2.3%
Avg. Sold Price 826 649 27.3% 826 586 41% 658 579 13.6% 850 1002 -15.2%

May 2017 Average For Sale Price is Depreciating**

Average For Sale Price (in thousand) in May 2017 is $804. It is down 1.2% compared to the last month and down 3.1% compared to the last year.

May 2017 Average Sold Price is Appreciating**

Average Sold Price (in thousand) in May 2017 is $826. It is up 27.3% compared to the last month and up 41% compared to the last year.


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



Months of Inventory Based on Closed Sales (Mar. 2016 - May. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 17 Apr. 17 % Change May. 17 May. 16 % Change Mar. 17 to May. 17 Mar. 16 to May. 16 % Change 6/1/2017 - 6/9/2017 5/1/2017 - 5/9/2017 % Change
Months of Inventory (Closed Sales) 12.8 5.3 140.6% 12.8 9.9 29.4% 10.4 12.8 -18.7% 14.8 27.7 -46.6%

May 2017 is a Buyer's market**

Months of Inventory based on Closed Sales in May 2017 is 12.8. It is up 140.6% compared to the last month and up 29.4% compared to the 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 3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17 2/17 3/17 4/17 5/17
For Sale 79 80 69 62 61 60 59 67 83 76 80 82 91 80 77
New Listing 19 11 10 13 6 14 9 20 28 10 19 13 22 17 11
Sold 4 9 7 6 6 12 10 8 4 13 6 5 7 15 6
Pended 10 7 7 6 8 3 8 5 9 8 5 12 15 12 2
Months of Inventory (Closed Sales) 19.8 8.9 9.9 10.3 10.2 5 5.9 8.4 20.8 5.8 13.3 16.4 13 5.3 12.8
Months of Inventory (Pended Sales) 7.9 11.4 9.9 10.3 7.6 20 7.4 13.4 9.2 9.5 16 6.8 6.1 6.7 38.5
Absorption Rate (Closed Sales) % 5.1 11.3 10.1 9.7 9.8 20 16.9 11.9 4.8 17.1 7.5 6.1 7.7 18.8 7.8
Absorption Rate (Pended Sales) % 12.7 8.8 10.1 9.7 13.1 5 13.6 7.5 10.8 10.5 6.3 14.6 16.5 15 2.6
Avg. Active Price 986 854 830 847 796 803 834 853 882 835 833 841 815 814 804
Avg. Sold Price 461 625 586 1112 869 557 682 474 535 629 616 668 535 649 826
Avg. Sq. Ft. Price (Sold) 187 208 224 261 242 185 213 180 188 205 172 223 203 224 262
Sold/List Diff. % 96 92 94 94 82 93 90 96 88 93 92 91 92 92 88
Sold/Orig LP Diff. % 95 91 91 89 81 87 88 91 84 91 89 91 85 86 83
Days on Market 62 66 154 122 180 77 130 101 75 72 93 53 160 187 46
Median 388 410 425 675 613 515 388 443 485 520 563 530 480 450 778

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*All reports are published June 2017, based on data available at the end of May 2017, except for the today 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.
 

AGENT INFORMATION

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(561)758-8625 or (561)389-6838
Illustrated Properties
2725 PGA Boulevard
Palm Beach Gardens, Florida 33410