Real Estate Trends

 
Facts and Trends TM

Published November 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 (Aug. 2017 - Oct. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 18 Sep. 18 % Change Oct. 18 Oct. 17 % Change Aug. 18 to Oct. 18 Aug. 17 to Oct. 17 % Change 11/1/2018 - 11/10/2018 10/1/2018 - 10/10/2018 % Change
For Sale 61 54 13% 61 63 -3.2% 61 63 -3.2% 63 58 8.6%
Sold 7 4 75% 7 3 133.3% 19 24 -20.8% 0 3 -100%
Pended 4 5 -20% 4 6 -33.3% 16 16 0%     0 3 -100%

October 2018 is a Buyer's market**
Home For Sale in October 2018 is 61 units. It is up 13% compared to last month and down 3.2% compared to last year.
Home Closed in October 2018 is 7 units. It is up 75% compared to last month and up 133.3% compared to last year.
Home Placed under Contract in October 2018 is 4 units. It is down 20% compared to last month and down 33.3% 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.


Average Price per SQFT (Sold) (Aug. 2017 - Oct. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 18 Sep. 18 % Change Oct. 18 Oct. 17 % Change Aug. 18 to Oct. 18 Aug. 17 to Oct. 17 % Change 11/1/2018 - 11/10/2018 10/1/2018 - 10/10/2018 % Change
Avg. Sq. Ft. Price (Sold) 260 221 17.6% 260 181 43.6% 239.58 210.38 13.9% 0 197 -100%

October 2018 Average Sold Price per Square Footage is Appreciating**
Average Sold Price per Square Footage in October 2018 is $260. It is up 17.6% compared to last month and up 43.6% compared to last year.

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


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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 18 Sep. 18 % Change Oct. 18 Oct. 17 % Change Aug. 18 to Oct. 18 Aug. 17 to Oct. 17 % Change 11/1/2018 - 11/10/2018 10/1/2018 - 10/10/2018 % Change
Avg Days on Market 82 9 811.1% 82 146 -43.8% 65 109 -40.4% 0 10 -100%
Sold/Orig LP Diff. % 85 87 -2.3% 85 80 6.3% 89 85 4.7% 0 93 -100%

October 2018 Average Days on Market trend Remains Steady**
Average Days on Market in October 2018 is 82. It is up 811.1% compared to last month and down 43.8% compared to last year.

October 2018 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in October 2018 is 85%. It is down 2.3% compared to last month and up 6.3% compared to last year.

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


Average Price of For Sale and Sold (Aug. 2017 - Oct. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 18 Sep. 18 % Change Oct. 18 Oct. 17 % Change Aug. 18 to Oct. 18 Aug. 17 to Oct. 17 % Change 11/1/2018 - 11/10/2018 10/1/2018 - 10/10/2018 % Change
Avg. Active Price 842 852 -1.2% 842 801 5.1% 848 760 11.6% 822 830 -1%
Avg. Sold Price 739 583 26.8% 739 555 33.2% 704 653 7.8% 0 493 -100%

October 2018 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in October 2018 is $842. It is down 1.2% compared to last month and up 5.1% compared to last year.

October 2018 Average Sold Price is Appreciating**
Average Sold Price (in thousand) in October 2018 is $739. It is up 26.8% compared to last month and up 33.2% compared to last year.

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


Months of Inventory Based on Closed Sales (Aug. 2017 - Oct. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 18 Sep. 18 % Change Oct. 18 Oct. 17 % Change Aug. 18 to Oct. 18 Aug. 17 to Oct. 17 % Change 11/1/2018 - 11/10/2018 10/1/2018 - 10/10/2018 % Change
Months of Inventory (Closed Sales) 8.7 13.5 -35.6% 8.7 21 -58.6% 9.2 11.1 -17.2% 63 19.3 226%

October 2018 is a Buyer's market**
Months of Inventory based on Closed Sales in October 2018 is 8.7. It is down 35.6% compared to last month and down 58.6% 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 8/17 9/17 10/17 11/17 12/17 1/18 2/18 3/18 4/18 5/18 6/18 7/18 8/18 9/18 10/18
For Sale 58 62 63 65 65 75 69 64 67 63 54 43 44 54 61
New Listing 16 15 14 9 10 28 18 10 9 14 1 9 13 21 14
Sold 13 8 3 5 2 8 3 7 15 16 4 3 8 4 7
Pended 9 1 6 3 5 10 13 12 4 9 7 2 7 5 4
Months of Inventory (Closed Sales) 4.5 7.8 21 13 32.5 9.4 23 9.1 4.5 3.9 13.5 14.3 5.5 13.5 8.7
Months of Inventory (Pended Sales) 6.4 62 10.5 21.7 13 7.5 5.3 5.3 16.8 7 7.7 21.5 6.3 10.8 15.3
Absorption Rate (Closed Sales) % 22.4 12.9 4.8 7.7 3.1 10.7 4.3 10.9 22.4 25.4 7.4 7 18.2 7.4 11.5
Absorption Rate (Pended Sales) % 15.5 1.6 9.5 4.6 7.7 13.3 18.8 18.8 6 14.3 13 4.7 15.9 9.3 6.6
Avg. Active Price 709 766 801 735 763 763 759 793 777 815 832 864 852 852 842
Avg. Sold Price 739 549 555 803 465 535 469 747 698 567 485 480 735 583 739
Avg. Sq. Ft. Price (Sold) 218 209 181 259 190 204 180 250 238 191 176 190 231 221 260
Sold/List Diff. % 84 96 87 95 98 91 89 94 94 92 91 90 96 87 89
Sold/Orig LP Diff. % 82 92 80 92 93 88 86 93 92 85 82 84 94 87 85
Avg Days on Market 114 86 146 134 99 134 51 68 62 136 121 146 79 9 82
Median Sold Price 500 520 450 510 465 387 488 447 650 505 493 431 614 520 550

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 November 2018, based on data available at the end of October 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

laura_tana_small

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

Main Menu