Real Estate Trends

Facts and Trends TM

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

If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart

*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.
 

AGENT INFORMATION

laura_tana_small

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