Real Estate Trends

Facts and Trends TM

Published March 2019*

Location:   Area 5300
Price Range:   $200,000 - No Limit
SQFT Range:   1600 - No Limit
Property Types:   Single Family Homes - 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 (Dec. 2017 - Feb. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 19 Jan. 19 % Change Feb. 19 Feb. 18 % Change Dec. 18 to Feb. 19 Dec. 17 to Feb. 18 % Change 3/1/2019 - 3/11/2019 2/1/2019 - 2/11/2019 % Change
For Sale 75 81 -7.4% 75 73 2.7% 75 73 2.7% 74 80 -7.5%
Sold 4 8 -50% 4 3 33.3% 18 13 38.5% 3 0 N/A    
Pended 10 6 66.7% 10 13 -23.1% 23 28 -17.9% 2 4 -50%

February 2019 is a Buyer's market**
Home For Sale in February 2019 is 75 units. It is down 7.4% compared to last month and up 2.7% compared to last year.
Home Closed in February 2019 is 4 units. It is down 50% compared to last month and up 33.3% compared to last year.
Home Placed under Contract in February 2019 is 10 units. It is up 66.7% compared to last month and down 23.1% 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) (Dec. 2017 - Feb. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 19 Jan. 19 % Change Feb. 19 Feb. 18 % Change Dec. 18 to Feb. 19 Dec. 17 to Feb. 18 % Change 3/1/2019 - 3/11/2019 2/1/2019 - 2/11/2019 % Change
Avg. Sq. Ft. Price (Sold) 247 206 19.9% 247 180 37.2% 206.11 196.31 5% 166 0 N/A    

February 2019 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in February 2019 is $247. It is up 19.9% compared to last month and up 37.2% compared to last year.

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


Months of Inventory Based on Closed Sales (Dec. 2017 - Feb. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 19 Jan. 19 % Change Feb. 19 Feb. 18 % Change Dec. 18 to Feb. 19 Dec. 17 to Feb. 18 % Change 3/1/2019 - 3/11/2019 2/1/2019 - 2/11/2019 % Change
Months of Inventory (Closed Sales) 18.8 10.1 85.9% 18.8 24.3 -22.6% 13.8 22.9 -39.7% 24.7 80 -69.1%

February 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in February 2019 is 18.8. It is up 85.9% compared to last month and down 22.6% 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 12/17 1/18 2/18 3/18 4/18 5/18 6/18 7/18 8/18 9/18 10/18 11/18 12/18 1/19 2/19
For Sale 69 80 73 67 68 66 58 45 46 57 63 61 76 81 75
New Listing 11 34 18 11 10 14 3 9 13 23 14 14 14 21 12
Sold 2 8 3 7 15 16 4 3 9 4 7 4 6 8 4
Pended 5 10 13 12 5 9 7 3 7 5 5 8 7 6 10
Months of Inventory (Closed Sales) 34.5 10 24.3 9.6 4.5 4.1 14.5 15 5.1 14.3 9 15.3 12.7 10.1 18.8
Months of Inventory (Pended Sales) 13.8 8 5.6 5.6 13.6 7.3 8.3 15 6.6 11.4 12.6 7.6 10.9 13.5 7.5
Absorption Rate (Closed Sales) % 2.9 10 4.1 10.4 22.1 24.2 6.9 6.7 19.6 7 11.1 6.6 7.9 9.9 5.3
Absorption Rate (Pended Sales) % 7.2 12.5 17.8 17.9 7.4 13.6 12.1 6.7 15.2 8.8 7.9 13.1 9.2 7.4 13.3
Avg. Active Price 770 765 761 799 776 819 828 854 842 891 880 950 869 809 816
Avg. Sold Price 465 535 469 747 698 567 485 480 697 583 739 707 459 566 1119
Avg. Sq. Ft. Price (Sold) 190 204 180 250 238 191 176 190 218 221 260 231 179 206 247
Sold/List Diff. % 98 91 89 94 94 92 91 90 96 87 89 94 93 94 89
Sold/Orig LP Diff. % 93 88 86 93 92 85 82 84 94 87 85 94 85 91 87
Avg Days on Market 99 134 51 68 62 136 121 146 72 9 82 211 149 77 126
Median Sold Price 465 387 488 447 650 505 493 431 485 520 550 585 430 549 963

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*All reports are published March 2019, based on data available at the end of February 2019, 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

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