Real Estate Trends

Facts and Trends TM

Published April 2018*

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 (Jan. 2017 - Mar. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Mar. 18 Feb. 18 % Change Mar. 18 Mar. 17 % Change Jan. 18 to Mar. 18 Jan. 17 to Mar. 17 % Change 4/1/2018 - 4/9/2018 3/1/2018 - 3/9/2018 % Change
For Sale 64 69 -7.2% 64 83 -22.9% 64 83 -22.9% 60 68 -11.8%
Sold 7 3 133.3% 7 6 16.7% 18 16 12.5% 4 2 100%
Pended 9 10 -10% 9 14 -35.7% 29 31 -6.5% 3 6 -50%

March 2018 is a Buyer's market**
Home For Sale in March 2018 is 64 units. It is down 7.2% compared to last month and down 22.9% compared to last year.
Home Closed in March 2018 is 7 units. It is up 133.3% compared to last month and up 16.7% compared to last year.
Home Placed under Contract in March 2018 is 9 units. It is down 10% 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.



Average Price per SQFT (Sold) (Jan. 2017 - Mar. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Mar. 18 Feb. 18 % Change Mar. 18 Mar. 17 % Change Jan. 18 to Mar. 18 Jan. 17 to Mar. 17 % Change 4/1/2018 - 4/9/2018 3/1/2018 - 3/9/2018 % Change
Avg. Sq. Ft. Price (Sold) 250 180 38.9% 250 208 20.2% 217.89 197.5 10.3% 217 283 -23.3%

March 2018 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in March 2018 is $250. It is up 38.9% compared to last month and up 20.2% compared to last year.

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



Avg Days On Market & SP/Orig LP % (Jan. 2017 - Mar. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Mar. 18 Feb. 18 % Change Mar. 18 Mar. 17 % Change Jan. 18 to Mar. 18 Jan. 17 to Mar. 17 % Change 4/1/2018 - 4/9/2018 3/1/2018 - 3/9/2018 % Change
Avg Days on Market 68 51 33.3% 68 158 -57% 95 106 -10.4% 74 23 221.7%
Sold/Orig LP Diff. % 93 86 8.1% 93 84 10.7% 90 88 2.3% 91 99 -8.1%

March 2018 Average Days on Market trend Remains Steady**
Average Days on Market in March 2018 is 68. It is up 33.3% compared to last month and down 57% compared to last year.

March 2018 Sold/Original List Price Ratio is Rising**
Sold/Original List Price % in March 2018 is 93%. It is up 8.1% compared to last month and up 10.7% compared to last year.

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



Average Price of For Sale and Sold (Jan. 2017 - Mar. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Mar. 18 Feb. 18 % Change Mar. 18 Mar. 17 % Change Jan. 18 to Mar. 18 Jan. 17 to Mar. 17 % Change 4/1/2018 - 4/9/2018 3/1/2018 - 3/9/2018 % Change
Avg. Active Price 793 759 4.5% 793 848 -6.5% 771 858 -10.1% 797 741 7.6%
Avg. Sold Price 747 469 59.3% 747 563 32.7% 606 610 0.7% 551 873 -36.9%

March 2018 Average For Sale Price is Appreciating**
Average For Sale Price (in thousand) in March 2018 is $793. It is up 4.5% compared to last month and down 6.5% compared to last year.

March 2018 Average Sold Price is Neutral**
Average Sold Price (in thousand) in March 2018 is $747. It is up 59.3% compared to last month and up 32.7% compared to last year.

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



Months of Inventory Based on Closed Sales (Jan. 2017 - Mar. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Mar. 18 Feb. 18 % Change Mar. 18 Mar. 17 % Change Jan. 18 to Mar. 18 Jan. 17 to Mar. 17 % Change 4/1/2018 - 4/9/2018 3/1/2018 - 3/9/2018 % Change
Months of Inventory (Closed Sales) 9.1 23 -60.4% 9.1 13.8 -34% 13.8 15 -8% 15 34 -55.9%

March 2018 is a Buyer's market**
Months of Inventory based on Closed Sales in March 2018 is 9.1. It is down 60.4% compared to last month and down 34% 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 1/17 2/17 3/17 4/17 5/17 6/17 7/17 8/17 9/17 10/17 11/17 12/17 1/18 2/18 3/18
For Sale 73 77 83 74 69 65 65 58 62 63 65 65 75 69 64
New Listing 17 14 18 15 10 13 9 16 15 14 9 10 28 18 10
Sold 4 6 6 14 6 13 5 13 8 3 5 2 8 3 7
Pended 6 11 14 12 5 9 4 9 1 6 3 5 10 10 9
Months of Inventory (Closed Sales) 18.3 12.8 13.8 5.3 11.5 5 13 4.5 7.8 21 13 32.5 9.4 23 9.1
Months of Inventory (Pended Sales) 12.2 7 5.9 6.2 13.8 7.2 16.3 6.4 62 10.5 21.7 13 7.5 6.9 7.1
Absorption Rate (Closed Sales) % 5.5 7.8 7.2 18.9 8.7 20 7.7 22.4 12.9 4.8 7.7 3.1 10.7 4.3 10.9
Absorption Rate (Pended Sales) % 8.2 14.3 16.9 16.2 7.2 13.8 6.2 15.5 1.6 9.5 4.6 7.7 13.3 14.5 14.1
Avg. Active Price 866 860 848 841 844 783 806 709 766 801 735 763 763 759 793
Avg. Sold Price 705 593 563 670 944 1023 573 739 549 555 803 465 535 469 747
Avg. Sq. Ft. Price (Sold) 169 206 208 230 280 260 209 218 209 181 259 190 204 180 250
Sold/List Diff. % 91 92 93 92 89 91 93 84 96 87 95 98 91 89 94
Sold/Orig LP Diff. % 89 91 84 86 84 85 89 82 92 80 92 93 88 86 93
Avg Days on Market 86 66 158 197 55 95 111 114 86 146 134 99 134 51 68
Median Sold Price 573 476 535 450 1024 650 465 500 520 450 510 465 387 488 447

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*All reports are published April 2018, based on data available at the end of March 2018, 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