Real Estate Trends

Facts and Trends

TM

Published September 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 (Jun. 2017 - Aug. 2018)


 

Curnt vs. Prev Month

Curnt vs. Same Month 1 Yr Ago

Curnt vs. Same Qtr 1 Yr Ago

  

TODAY STATS
 

Aug. 18

Jul. 18

% Change

Aug. 18

Aug. 17

% Change

Jun. 18 to Aug. 18

Jun. 17 to Aug. 17

% Change

9/1/2018 - 9/13/2018

8/1/2018 - 8/13/2018

% Change

For Sale

44

43

2.3%

44

58

-24.1%

44

58

-24.1%

50

44

13.6%

Sold

8

3

166.7%

8

13

-38.5%

15

31

-51.6%

0

5

-100%

Pended

6

2

200%

6

9

-33.3%

15

22

-31.8%

2

1

100%

August 2018 is a Neutral market**
Home For Sale in August 2018 is 44 units. It is up 2.3% compared to last month and down 24.1% compared to last year.
Home Closed in August 2018 is 8 units. It is up 166.7% compared to last month and down 38.5% compared to last year.
Home Placed under Contract in August 2018 is 6 units. It is up 200% 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) (Jun. 2017 - Aug. 2018)


 

Curnt vs. Prev Month

Curnt vs. Same Month 1 Yr Ago

Curnt vs. Same Qtr 1 Yr Ago

  

TODAY STATS
 

Aug. 18

Jul. 18

% Change

Aug. 18

Aug. 17

% Change

Jun. 18 to Aug. 18

Jun. 17 to Aug. 17

% Change

9/1/2018 - 9/13/2018

8/1/2018 - 8/13/2018

% Change

Avg. Sq. Ft. Price (Sold)

231

190

21.6%

231

218

6%

208.13

234.16

-11.1%

0

214

-100%

August 2018 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in August 2018 is $231. It is up 21.6% compared to last month and up 6% compared to last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.

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


 

Curnt vs. Prev Month

Curnt vs. Same Month 1 Yr Ago

Curnt vs. Same Qtr 1 Yr Ago

  

TODAY STATS
 

Aug. 18

Jul. 18

% Change

Aug. 18

Aug. 17

% Change

Jun. 18 to Aug. 18

Jun. 17 to Aug. 17

% Change

9/1/2018 - 9/13/2018

8/1/2018 - 8/13/2018

% Change

Avg Days on Market

79

146

-45.9%

79

114

-30.7%

104

106

-1.9%

0

115

-100%

Sold/Orig LP Diff. %

94

84

11.9%

94

82

14.6%

89

84

6%

0

92

-100%

August 2018 Average Days on Market trend Remains Steady**
Average Days on Market in August 2018 is 79. It is down 45.9% compared to last month and down 30.7% compared to last year. August 2018 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in August 2018 is 94%. It is up 11.9% compared to last month and up 14.6% compared to last year. **Based on 6 month trend - Rising/Falling/Remains Steady.

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


 

Curnt vs. Prev Month

Curnt vs. Same Month 1 Yr Ago

Curnt vs. Same Qtr 1 Yr Ago

  

TODAY STATS
 

Aug. 18

Jul. 18

% Change

Aug. 18

Aug. 17

% Change

Jun. 18 to Aug. 18

Jun. 17 to Aug. 17

% Change

9/1/2018 - 9/13/2018

8/1/2018 - 8/13/2018

% Change

Avg. Active Price

852

864

-1.4%

852

709

20.2%

848

768

10.4%

851

863

-1.4%

Avg. Sold Price

735

480

53.1%

735

739

0.5%

617

831

-25.8%

0

708

-100%

August 2018 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in August 2018 is $852. It is down 1.4% compared to last month and up 20.2% compared to last year. August 2018 Average Sold Price is Neutral**
Average Sold Price (in thousand) in August 2018 is $735. It is up 53.1% compared to last month and down 0.5% compared to last year. **Based on 6 month trend - Appreciating/Depreciating/Neutral.

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


 

Curnt vs. Prev Month

Curnt vs. Same Month 1 Yr Ago

Curnt vs. Same Qtr 1 Yr Ago

  

TODAY STATS
 

Aug. 18

Jul. 18

% Change

Aug. 18

Aug. 17

% Change

Jun. 18 to Aug. 18

Jun. 17 to Aug. 17

% Change

9/1/2018 - 9/13/2018

8/1/2018 - 8/13/2018

% Change

Months of Inventory (Closed Sales)

5.5

14.3

-61.4%

5.5

4.5

22.4%

11.1

7.5

48.1%

50

8.8

468.2%

August 2018 is a Neutral market**
Months of Inventory based on Closed Sales in August 2018 is 5.5. It is down 61.4% compared to last month and up 22.4% 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

6/17

7/17

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

For Sale

65

65

58

62

63

65

65

75

69

64

67

63

54

43

44

New Listing

13

9

16

15

14

9

10

28

18

10

9

14

1

9

13

Sold

13

5

13

8

3

5

2

8

3

7

15

16

4

3

8

Pended

9

4

9

1

6

3

5

10

13

12

4

9

7

2

6

Months of Inventory (Closed Sales)

5

13

4.5

7.8

21

13

32.5

9.4

23

9.1

4.5

3.9

13.5

14.3

5.5

Months of Inventory (Pended Sales)

7.2

16.3

6.4

62

10.5

21.7

13

7.5

5.3

5.3

16.8

7

7.7

21.5

7.3

Absorption Rate (Closed Sales) %

20

7.7

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

Absorption Rate (Pended Sales) %

13.8

6.2

15.5

1.6

9.5

4.6

7.7

13.3

18.8

18.8

6

14.3

13

4.7

13.6

Avg. Active Price

783

806

709

766

801

735

763

763

759

793

777

815

832

864

852

Avg. Sold Price

1023

573

739

549

555

803

465

535

469

747

698

567

485

480

735

Avg. Sq. Ft. Price (Sold)

260

209

218

209

181

259

190

204

180

250

238

191

176

190

231

Sold/List Diff. %

91

93

84

96

87

95

98

91

89

94

94

92

91

90

96

Sold/Orig LP Diff. %

85

89

82

92

80

92

93

88

86

93

92

85

82

84

94

Avg Days on Market

95

111

114

86

146

134

99

134

51

68

62

136

121

146

79

Median Sold Price

650

465

500

520

450

510

465

387

488

447

650

505

493

431

614

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*All reports are published September 2018, based on data available at the end of August 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

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