Real Estate Trends

Facts and Trends

Published January 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 (Oct. 2018 - Dec. 2019)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Dec. 19	Nov. 19	% Change	Dec. 19	Dec. 18	% Change	Oct. 19 to Dec. 19	Oct. 18 to Dec. 18	% Change	1/1/2020 - 1/13/2020	12/1/2019 - 12/13/2019	% Change
For Sale	77	77	0%	77	88	-12.5%	77	88	-12.5%	77	74	4.1%
Sold	5	5	0%	5	6	-16.7%	18	20	-10%	3	3	0%
Pended	5	7	-28.6%	5	7	-28.6%	23	23	0%	1	2	-50%

December 2019 is a Buyer's market**
Home For Sale in December 2019 is 77 units. It is the same as compared to last month and down 12.5% compared to last year.
Home Closed in December 2019 is 5 units. It is the same as compared to last month and down 16.7% compared to last year.
Home Placed under Contract in December 2019 is 5 units. It is down 28.6% compared to last month and down 28.6% 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.

Average Price per SQFT (Sold) (Oct. 2018 - Dec. 2019)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Dec. 19	Nov. 19	% Change	Dec. 19	Dec. 18	% Change	Oct. 19 to Dec. 19	Oct. 18 to Dec. 18	% Change	1/1/2020 - 1/13/2020	12/1/2019 - 12/13/2019	% Change
Avg. Sq. Ft. Price (Sold)	215	175	22.9%	215	179	20.1%	201.67	212.6	-5.1%	147	209	-29.7%

December 2019 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in December 2019 is $215. It is up 22.9% compared to last month and up 20.1% compared to last year.

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

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

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Dec. 19	Nov. 19	% Change	Dec. 19	Dec. 18	% Change	Oct. 19 to Dec. 19	Oct. 18 to Dec. 18	% Change	1/1/2020 - 1/13/2020	12/1/2019 - 12/13/2019	% Change
Avg Days on Market	53	95	-44.2%	53	149	-64.4%	119	130	-8.5%	161	85	89.4%
Sold/Orig LP Diff. %	93	89	4.5%	93	85	9.4%	85	88	-3.4%	80	90	-11.1%

December 2019 Average Days on Market trend Remains Steady**
Average Days on Market in December 2019 is 53. It is down 44.2% compared to last month and down 64.4% compared to last year.

December 2019 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in December 2019 is 93%. It is up 4.5% compared to last month and up 9.4% compared to last year.

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

Average Price of For Sale and Sold (Oct. 2018 - Dec. 2019)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Dec. 19	Nov. 19	% Change	Dec. 19	Dec. 18	% Change	Oct. 19 to Dec. 19	Oct. 18 to Dec. 18	% Change	1/1/2020 - 1/13/2020	12/1/2019 - 12/13/2019	% Change
Avg. Active Price	728	693	5.1%	728	800	-9%	696	834	-16.5%	685	719	-4.7%
Avg. Sold Price	508	422	20.4%	508	459	10.7%	551	577	-4.5%	319	537	-40.6%

December 2019 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in December 2019 is $728. It is up 5.1% compared to last month and down 9% compared to last year.

December 2019 Average Sold Price is Neutral**
Average Sold Price (in thousand) in December 2019 is $508. It is up 20.4% compared to last month and up 10.7% compared to last year.

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

Months of Inventory Based on Closed Sales (Oct. 2018 - Dec. 2019)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Dec. 19	Nov. 19	% Change	Dec. 19	Dec. 18	% Change	Oct. 19 to Dec. 19	Oct. 18 to Dec. 18	% Change	1/1/2020 - 1/13/2020	12/1/2019 - 12/13/2019	% Change
Months of Inventory (Closed Sales)	15.4	15.4	0%	15.4	14.7	4.8%	13	11.5	13%	25.7	24.7	4.1%

December 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in December 2019 is 15.4. It is the same as compared to last month and up 4.8% 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	10/18	11/18	12/18	1/19	2/19	3/19	4/19	5/19	6/19	7/19	8/19	9/19	10/19	11/19	12/19
For Sale	74	65	88	88	85	85	85	77	60	57	56	60	66	77	77
New Listing	20	14	17	22	16	23	14	9	6	19	10	13	23	16	11
Sold	7	7	6	8	9	15	11	5	11	8	8	5	8	5	5
Pended	8	8	7	13	12	8	10	10	6	10	3	7	11	7	5
Months of Inventory (Closed Sales)	10.6	9.3	14.7	11	9.4	5.7	7.7	15.4	5.5	7.1	7	12	8.3	15.4	15.4
Months of Inventory (Pended Sales)	9.3	8.1	12.6	6.8	7.1	10.6	8.5	7.7	10	5.7	18.7	8.6	6	11	15.4
Absorption Rate (Closed Sales) %	9.5	10.8	6.8	9.1	10.6	17.6	12.9	6.5	18.3	14	14.3	8.3	12.1	6.5	6.5
Absorption Rate (Pended Sales) %	10.8	12.3	8	14.8	14.1	9.4	11.8	13	10	17.5	5.4	11.7	16.7	9.1	6.5
Avg. Active Price	803	917	800	775	762	740	761	770	795	798	795	702	663	693	728
Avg. Sold Price	739	517	459	566	749	587	649	742	536	873	498	556	658	422	508
Avg. Sq. Ft. Price (Sold)	260	194	179	206	220	188	215	231	204	264	173	199	210	175	215
Sold/List Diff. %	89	95	93	94	86	89	91	88	90	93	89	91	88	93	95
Sold/Orig LP Diff. %	85	93	85	91	85	83	83	82	87	90	85	89	77	89	93
Avg Days on Market	82	163	149	77	99	136	119	118	100	64	125	67	175	95	53
Median Sold Price	550	358	430	549	525	420	550	650	479	502	425	520	588	380	500

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*All reports are published January 2020, based on data available at the end of December 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.

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