|
Published August 2024*
| Location: |
Area 5300 |
| Price Range: |
$650,000 - No Limit |
| SQFT Range: |
1800 - 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 (May. 2023 - Jul. 2024) |
| |
Curnt vs. Prev Month |
Curnt vs. Same Month 1 Yr Ago |
Curnt vs. Same Qtr 1 Yr Ago |
| |
Jul. 24 |
Jun. 24 |
% Change |
Jul. 24 |
Jul. 23 |
% Change |
May. 24 to Jul. 24 |
May. 23 to Jul. 23 |
% Change |
| For Sale |
16 |
15 |
6.7%  |
16 |
19 |
-15.8%  |
16 |
19 |
-15.8% |
| Sold |
11 |
7 |
57.1% |
11 |
3 |
266.7% |
26 |
23 |
13% |
| Pended |
6 |
3 |
100% |
6 |
6 |
0% |
19 |
19 |
0% |
| |
TODAY’S STATS |
| |
Current vs. Prev MTD |
Current vs. Same MTD 1 Yr Ago |
Current vs. Prev YTD |
| |
8/1/24 - 8/7/24 |
7/1/24 - 7/7/24 |
% Change |
8/1/24 - 8/7/24 |
8/1/23 - 8/7/23 |
% Change |
1/1/24 - 8/7/24 |
1/1/23 - 8/7/23 |
% Change |
| For Sale |
17 |
17 |
0% |
17 |
16 |
6.3% |
17 |
16 |
6.3% |
| Sold |
0 |
1 |
-100% |
0 |
2 |
-100% |
65 |
57 |
14% |
| Pended |
2 |
1 |
100% |
2 |
1 |
100% |
64 |
62 |
3.2% |
July 2024 was a Seller's market**
Home For Sale in July 2024 was 16 units. It was up 6.7% compared to last month and down 15.8% compared to last year.
Home Closed in July 2024 was 11 units. It was up 57.1% compared to last month and up 266.7% compared to last year.
Home Placed under Contract in July 2024 was 6 units. It was up 100% compared to last month and the same as 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) (May. 2023 - Jul. 2024) |
| |
Curnt vs. Prev Month |
Curnt vs. Same Month 1 Yr Ago |
Curnt vs. Same Qtr 1 Yr Ago |
| |
Jul. 24 |
Jun. 24 |
% Change |
Jul. 24 |
Jul. 23 |
% Change |
May. 24 to Jul. 24 |
May. 23 to Jul. 23 |
% Change |
| Avg. Sq. Ft. Price (Sold) |
543 |
533 |
1.9% |
543 |
511 |
6.3% |
532 |
530 |
0.4% |
| |
TODAY’S STATS |
| |
Current vs. Prev MTD |
Current vs. Same MTD 1 Yr Ago |
Current vs. Prev YTD |
| |
8/1/24 - 8/7/24 |
7/1/24 - 7/7/24 |
% Change |
8/1/24 - 8/7/24 |
8/1/23 - 8/7/23 |
% Change |
1/1/24 - 8/7/24 |
1/1/23 - 8/7/23 |
% Change |
| Avg. Sq. Ft. Price (Sold) |
0 |
469 |
-100% |
0 |
444 |
-100% |
519 |
505 |
2.8% |
July 2024 Average Sold Price per Square Footage was Appreciating**
Average Sold Price per Square Footage in July 2024 was $543. It was up 1.9% compared to last month and up 6.3% compared to last year.
**Based on 6 month trend - Appreciating/Depreciating/Neutral. |
| Avg Days On Market & SP/Orig LP % (May. 2023 - Jul. 2024) |
| |
Curnt vs. Prev Month |
Curnt vs. Same Month 1 Yr Ago |
Curnt vs. Same Qtr 1 Yr Ago |
| |
Jul. 24 |
Jun. 24 |
% Change |
Jul. 24 |
Jul. 23 |
% Change |
May. 24 to Jul. 24 |
May. 23 to Jul. 23 |
% Change |
| Avg Days on Market |
37 |
88 |
-58% |
37 |
27 |
37% |
50 |
35 |
42.9% |
| Sold/Orig LP Diff. % |
91 |
85 |
7.1% |
91 |
96 |
-5.2% |
87 |
90 |
-3.3% |
| |
TODAY’S STATS |
| |
Current vs. Prev MTD |
Current vs. Same MTD 1 Yr Ago |
Current vs. Prev YTD |
| |
8/1/24 - 8/7/24 |
7/1/24 - 7/7/24 |
% Change |
8/1/24 - 8/7/24 |
8/1/23 - 8/7/23 |
% Change |
1/1/24 - 8/7/24 |
1/1/23 - 8/7/23 |
% Change |
| Avg Days on Market |
0 |
0 |
N/A |
0 |
56 |
-100% |
47 |
35 |
34.3% |
| Sold/Orig LP Diff. % |
0 |
96 |
-100% |
0 |
98 |
-100% |
88 |
92 |
-4.3% |
July 2024 Average Days on Market trend Remains Steady**
Average Days on Market in July 2024 was 37. It was down 58% compared to last month and up 37% compared to last year.
July 2024 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in July 2024 was 91%. It was up 7.1% compared to last month and down 5.2% compared to last year.
**Based on 6 month trend - Rising/Falling/Remains Steady. |
| Average Price of For Sale and Sold (May. 2023 - Jul. 2024) |
| |
Curnt vs. Prev Month |
Curnt vs. Same Month 1 Yr Ago |
Curnt vs. Same Qtr 1 Yr Ago |
| |
Jul. 24 |
Jun. 24 |
% Change |
Jul. 24 |
Jul. 23 |
% Change |
May. 24 to Jul. 24 |
May. 23 to Jul. 23 |
% Change |
| Avg. Active Price |
1,477 |
2,109 |
-30% |
1,477 |
1,906 |
-22.5% |
1,893 |
1,849 |
2.4% |
| Avg. Sold Price |
1,482 |
1,614 |
-8.2% |
1,482 |
1,892 |
-21.7% |
1,503 |
1,585 |
-5.2% |
| |
TODAY’S STATS |
| |
Current vs. Prev MTD |
Current vs. Same MTD 1 Yr Ago |
Current vs. Prev YTD |
| |
8/1/24 - 8/7/24 |
7/1/24 - 7/7/24 |
% Change |
8/1/24 - 8/7/24 |
8/1/23 - 8/7/23 |
% Change |
1/1/24 - 8/7/24 |
1/1/23 - 8/7/23 |
% Change |
| Avg. Active Price |
1,436 |
1,768 |
-18.8% |
1,436 |
1,806 |
-20.5% |
1,436 |
1,806 |
-20.5% |
| Avg. Sold Price |
0 |
1,350 |
-100% |
0 |
1,200 |
-100% |
1,531 |
1,518 |
0.9% |
July 2024 Average For Sale Price was Neutral**
Average For Sale Price (in thousand) in July 2024 was $1477. It was down 30% compared to last month and down 22.5% compared to last year.
July 2024 Average Sold Price was Neutral**
Average Sold Price (in thousand) in July 2024 was $1482. It was down 8.2% compared to last month and down 21.7% compared to last year.
**Based on 6 month trend - Appreciating/Depreciating/Neutral. |
| Months of Inventory Based on Closed Sales (May. 2023 - Jul. 2024) |
| |
Curnt vs. Prev Month |
Curnt vs. Same Month 1 Yr Ago |
Curnt vs. Same Qtr 1 Yr Ago |
| |
Jul. 24 |
Jun. 24 |
% Change |
Jul. 24 |
Jul. 23 |
% Change |
May. 24 to Jul. 24 |
May. 23 to Jul. 23 |
% Change |
| Months of Inventory (Closed Sales) |
1.5 |
2.1 |
-28% |
1.5 |
6.3 |
-75.8% |
1.8 |
2.5 |
-28.2% |
| |
TODAY’S STATS |
| |
Current vs. Prev MTD |
Current vs. Same MTD 1 Yr Ago |
Current vs. Prev YTD |
| |
8/1/24 - 8/7/24 |
7/1/24 - 7/7/24 |
% Change |
8/1/24 - 8/7/24 |
8/1/23 - 8/7/23 |
% Change |
1/1/24 - 8/7/24 |
1/1/23 - 8/7/23 |
% Change |
| Months of Inventory (Closed Sales) |
0 |
3.8 |
-99% |
0 |
1.8 |
-99.6% |
1.9 |
2 |
-5% |
July 2024 was a Seller's market**
Months of Inventory based on Closed Sales in July 2024 was 1.5. It was down 28% compared to last month and down 75.8% 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 |
5/23 |
6/23 |
7/23 |
8/23 |
9/23 |
10/23 |
11/23 |
12/23 |
1/24 |
2/24 |
3/24 |
4/24 |
5/24 |
6/24 |
7/24 |
| For Sale |
14 |
15 |
19 |
16 |
21 |
22 |
28 |
31 |
26 |
29 |
24 |
21 |
19 |
15 |
16 |
| New Listing |
7 |
8 |
13 |
8 |
12 |
12 |
17 |
8 |
9 |
15 |
14 |
11 |
8 |
2 |
11 |
| Sold |
12 |
8 |
3 |
8 |
12 |
4 |
5 |
9 |
6 |
8 |
20 |
5 |
8 |
7 |
11 |
| Pended |
7 |
6 |
6 |
7 |
7 |
6 |
7 |
8 |
11 |
9 |
14 |
9 |
10 |
3 |
6 |
| Months of Inventory (Closed Sales) |
1.2 |
1.9 |
6.3 |
2 |
1.8 |
5.5 |
5.6 |
3.4 |
4.3 |
3.6 |
1.2 |
4.2 |
2.4 |
2.1 |
1.5 |
| Months of Inventory (Pended Sales) |
2 |
2.5 |
3.2 |
2.3 |
3 |
3.7 |
4 |
3.9 |
2.4 |
3.2 |
1.7 |
2.3 |
1.9 |
5 |
2.7 |
| Absorption Rate (Closed Sales) % |
85.7 |
53.3 |
15.8 |
50 |
57.1 |
18.2 |
17.9 |
29 |
23.1 |
27.6 |
83.3 |
23.8 |
42.1 |
46.7 |
68.8 |
| Absorption Rate (Pended Sales) % |
50 |
40 |
31.6 |
43.8 |
33.3 |
27.3 |
25 |
25.8 |
42.3 |
31 |
58.3 |
42.9 |
52.6 |
20 |
37.5 |
| Avg. Active Price |
1,856 |
1,770 |
1,906 |
1,806 |
1,947 |
1,845 |
1,995 |
2,115 |
1,943 |
1,857 |
1,758 |
1,952 |
2,073 |
2,109 |
1,477 |
| Avg. Sold Price |
1,732 |
1,249 |
1,892 |
1,645 |
1,414 |
1,054 |
1,193 |
1,256 |
1,991 |
1,618 |
1,448 |
1,313 |
1,436 |
1,614 |
1,482 |
| Avg. Sq. Ft. Price (Sold) |
574 |
472 |
511 |
559 |
478 |
425 |
484 |
448 |
595 |
522 |
500 |
423 |
516 |
533 |
543 |
| Sold/List Diff. % |
91 |
98 |
96 |
96 |
95 |
94 |
89 |
93 |
91 |
94 |
93 |
99 |
86 |
92 |
94 |
| Sold/Orig LP Diff. % |
87 |
93 |
96 |
92 |
94 |
93 |
88 |
89 |
90 |
87 |
88 |
92 |
84 |
85 |
91 |
| Avg Days on Market |
47 |
20 |
27 |
46 |
16 |
52 |
40 |
63 |
34 |
40 |
45 |
68 |
33 |
88 |
37 |
| Median Active Price |
1,685 |
1,500 |
1,499 |
1,600 |
1,499 |
1,625 |
1,649 |
1,600 |
1,497 |
1,295 |
1,295 |
1,590 |
1,449 |
1,600 |
1,024 |
| Median Sold Price |
1,030 |
1,035 |
1,875 |
1,560 |
1,283 |
848 |
1,273 |
1,250 |
1,550 |
1,350 |
1,312 |
1,300 |
977 |
1,150 |
1,200 |
|
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*All reports are published August 2024, based on data available at the end of July 2024, 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. |
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