Real Estate Trends

Facts and Trends TM

Published January 2019*

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 (Oct. 2017 - Dec. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 18 Nov. 18 % Change Dec. 18 Dec. 17 % Change Oct. 18 to Dec. 18 Oct. 17 to Dec. 17 % Change 1/1/2019 - 1/13/2019 12/1/2018 - 12/13/2018 % Change
For Sale 75 60 25% 75 65 15.4% 75 65 15.4% 79 66 19.7%
Sold 4 4 0%     4 2 100% 15 10 50% 3 1 200%
Pended 5 7 -28.6% 5 5 0%     16 14 14.3% 0 4 -100%

December 2018 is a Buyer's market**
Home For Sale in December 2018 is 75 units. It is up 25% compared to last month and up 15.4% compared to last year.
Home Closed in December 2018 is 4 units. It is the same as compared to last month and up 100% compared to last year.
Home Placed under Contract in December 2018 is 5 units. It is down 28.6% 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) (Oct. 2017 - Dec. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 18 Nov. 18 % Change Dec. 18 Dec. 17 % Change Oct. 18 to Dec. 18 Oct. 17 to Dec. 17 % Change 1/1/2019 - 1/13/2019 12/1/2018 - 12/13/2018 % Change
Avg. Sq. Ft. Price (Sold) 170 231 -26.4% 170 190 -10.5% 228.27 221.8 2.9% 194 279 -30.5%

December 2018 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in December 2018 is $170. It is down 26.4% compared to last month and down 10.5% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 18 Nov. 18 % Change Dec. 18 Dec. 17 % Change Oct. 18 to Dec. 18 Oct. 17 to Dec. 17 % Change 1/1/2019 - 1/13/2019 12/1/2018 - 12/13/2018 % Change
Avg Days on Market 61 211 -71.1% 61 99 -38.4% 111 131 -15.3% 59 0 N/A    
Sold/Orig LP Diff. % 89 94 -5.3% 89 93 -4.3% 88 89 -1.1% 90 100 -10%

December 2018 Average Days on Market trend Remains Steady**
Average Days on Market in December 2018 is 61. It is down 71.1% compared to last month and down 38.4% compared to last year.

December 2018 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in December 2018 is 89%. It is down 5.3% compared to last month and down 4.3% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 18 Nov. 18 % Change Dec. 18 Dec. 17 % Change Oct. 18 to Dec. 18 Oct. 17 to Dec. 17 % Change 1/1/2019 - 1/13/2019 12/1/2018 - 12/13/2018 % Change
Avg. Active Price 869 952 -8.7% 869 763 13.9% 886 766 15.7% 865 892 -3%
Avg. Sold Price 383 707 -45.8% 383 465 -17.6% 636 661 -3.8% 603 450 34%

December 2018 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in December 2018 is $869. It is down 8.7% compared to last month and up 13.9% compared to last year.

December 2018 Average Sold Price is Depreciating**
Average Sold Price (in thousand) in December 2018 is $383. It is down 45.8% compared to last month and down 17.6% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 18 Nov. 18 % Change Dec. 18 Dec. 17 % Change Oct. 18 to Dec. 18 Oct. 17 to Dec. 17 % Change 1/1/2019 - 1/13/2019 12/1/2018 - 12/13/2018 % Change
Months of Inventory (Closed Sales) 18.8 15 25.3% 18.8 32.5 -42.2% 14.2 22.2 -36.1% 26.3 66 -60.2%

December 2018 is a Buyer's market**
Months of Inventory based on Closed Sales in December 2018 is 18.8. It is up 25.3% compared to last month and down 42.2% 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 10/17 11/17 12/17 1/18 2/18 3/18 4/18 5/18 6/18 7/18 8/18 9/18 10/18 11/18 12/18
For Sale 63 65 65 75 69 64 67 63 54 43 44 54 61 60 75
New Listing 14 9 10 28 18 10 9 14 1 9 13 21 14 13 14
Sold 3 5 2 8 3 7 15 16 4 3 8 4 7 4 4
Pended 6 3 5 10 13 12 4 9 7 2 7 5 4 7 5
Months of Inventory (Closed Sales) 21 13 32.5 9.4 23 9.1 4.5 3.9 13.5 14.3 5.5 13.5 8.7 15 18.8
Months of Inventory (Pended Sales) 10.5 21.7 13 7.5 5.3 5.3 16.8 7 7.7 21.5 6.3 10.8 15.3 8.6 15
Absorption Rate (Closed Sales) % 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 6.7 5.3
Absorption Rate (Pended Sales) % 9.5 4.6 7.7 13.3 18.8 18.8 6 14.3 13 4.7 15.9 9.3 6.6 11.7 6.7
Avg. Active Price 801 735 763 763 759 793 777 815 832 864 852 852 842 952 869
Avg. Sold Price 555 803 465 535 469 747 698 567 485 480 735 583 739 707 383
Avg. Sq. Ft. Price (Sold) 181 259 190 204 180 250 238 191 176 190 231 221 260 231 170
Sold/List Diff. % 87 95 98 91 89 94 94 92 91 90 96 87 89 94 93
Sold/Orig LP Diff. % 80 92 93 88 86 93 92 85 82 84 94 87 85 94 89
Avg Days on Market 146 134 99 134 51 68 62 136 121 146 79 9 82 211 61
Median Sold Price 450 510 465 387 488 447 650 505 493 431 614 520 550 585 400

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*All reports are published January 2019, based on data available at the end of December 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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Illustrated Properties
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Palm Beach Gardens, Florida 33410