Real Estate Trends

Facts and Trends TM

Published September 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 (Jun. 2018 - Aug. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 19 Jul. 19 % Change Aug. 19 Aug. 18 % Change Jun. 19 to Aug. 19 Jun. 18 to Aug. 18 % Change 10/1/2019 - 10/6/2019 9/1/2019 - 9/6/2019 % Change
For Sale 47 50 -6% 47 46 2.2% 47 46 2.2% 49 48 2.1%
Sold 7 6 16.7% 7 9 -22.2% 24 16 50% 0 0 N/A    
Pended 2 8 -75% 2 7 -71.4% 14 17 -17.6% 1 0 N/A    

August 2019 is a Buyer's market**
Home For Sale in August 2019 is 47 units. It is down 6% compared to last month and up 2.2% compared to last year.
Home Closed in August 2019 is 7 units. It is up 16.7% compared to last month and down 22.2% compared to last year.
Home Placed under Contract in August 2019 is 2 units. It is down 75% compared to last month and down 71.4% 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) (Jun. 2018 - Aug. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 19 Jul. 19 % Change Aug. 19 Aug. 18 % Change Jun. 19 to Aug. 19 Jun. 18 to Aug. 18 % Change 10/1/2019 - 10/6/2019 9/1/2019 - 9/6/2019 % Change
Avg. Sq. Ft. Price (Sold) 176 279 -36.9% 176 218 -19.3% 214.58 202.25 6.1% 0 0 N/A    

August 2019 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in August 2019 is $176. It is down 36.9% compared to last month and down 19.3% compared to last year.

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


Avg Days On Market & SP/Orig LP % (Jun. 2018 - Aug. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 19 Jul. 19 % Change Aug. 19 Aug. 18 % Change Jun. 19 to Aug. 19 Jun. 18 to Aug. 18 % Change 10/1/2019 - 10/6/2019 9/1/2019 - 9/6/2019 % Change
Avg Days on Market 122 79 54.4% 122 72 69.4% 101 98 3.1% 0 0 N/A    
Sold/Orig LP Diff. % 84 90 -6.7% 84 94 -10.6% 87 89 -2.2% 0 0 N/A    

August 2019 Average Days on Market trend Remains Steady**
Average Days on Market in August 2019 is 122. It is up 54.4% compared to last month and up 69.4% compared to last year.

August 2019 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in August 2019 is 84%. It is down 6.7% compared to last month and down 10.6% compared to last year.

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


Average Price of For Sale and Sold (Jun. 2018 - Aug. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 19 Jul. 19 % Change Aug. 19 Aug. 18 % Change Jun. 19 to Aug. 19 Jun. 18 to Aug. 18 % Change 10/1/2019 - 10/6/2019 9/1/2019 - 9/6/2019 % Change
Avg. Active Price 881 862 2.2% 881 842 4.6% 875 840 4.2% 764 869 -12.1%
Avg. Sold Price 509 1066 -52.3% 509 697 -27% 661 603 9.6% 0 0 N/A    

August 2019 Average For Sale Price is Appreciating**
Average For Sale Price (in thousand) in August 2019 is $881. It is up 2.2% compared to last month and up 4.6% compared to last year.

August 2019 Average Sold Price is Depreciating**
Average Sold Price (in thousand) in August 2019 is $509. It is down 52.3% compared to last month and down 27% compared to last year.

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


Months of Inventory Based on Closed Sales (Jun. 2018 - Aug. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 19 Jul. 19 % Change Aug. 19 Aug. 18 % Change Jun. 19 to Aug. 19 Jun. 18 to Aug. 18 % Change 10/1/2019 - 10/6/2019 9/1/2019 - 9/6/2019 % Change
Months of Inventory (Closed Sales) 6.7 8.3 -19.2% 6.7 5.1 31.3% 6.5 11.5 -43.3% 49 48 2.1%

August 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in August 2019 is 6.7. It is down 19.2% compared to last month and up 31.3% 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 6/18 7/18 8/18 9/18 10/18 11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19
For Sale 58 45 46 57 63 61 76 81 75 76 75 65 50 50 47
New Listing 3 9 13 23 14 14 14 21 12 22 12 7 4 14 6
Sold 4 3 9 4 7 4 6 8 6 12 11 4 11 6 7
Pended 7 3 7 5 5 8 7 7 11 7 10 10 4 8 2
Months of Inventory (Closed Sales) 14.5 15 5.1 14.3 9 15.3 12.7 10.1 12.5 6.3 6.8 16.3 4.5 8.3 6.7
Months of Inventory (Pended Sales) 8.3 15 6.6 11.4 12.6 7.6 10.9 11.6 6.8 10.9 7.5 6.5 12.5 6.3 23.5
Absorption Rate (Closed Sales) % 6.9 6.7 19.6 7 11.1 6.6 7.9 9.9 8 15.8 14.7 6.2 22 12 14.9
Absorption Rate (Pended Sales) % 12.1 6.7 15.2 8.8 7.9 13.1 9.2 8.6 14.7 9.2 13.3 15.4 8 16 4.3
Avg. Active Price 828 854 842 891 880 950 869 809 816 788 816 848 881 862 881
Avg. Sold Price 485 480 697 583 739 707 459 566 971 655 649 813 536 1066 509
Avg. Sq. Ft. Price (Sold) 176 190 218 221 260 231 179 206 236 195 215 239 204 279 176
Sold/List Diff. % 91 90 96 87 89 94 93 94 85 89 91 87 90 93 88
Sold/Orig LP Diff. % 82 84 94 87 85 94 85 91 83 83 83 80 87 90 84
Avg Days on Market 121 146 72 9 82 211 149 77 105 138 119 127 100 79 122
Median Sold Price 493 431 485 520 550 585 430 549 676 520 550 820 479 626 432

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*All reports are published September 2019, based on data available at the end of August 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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