Real Estate Trends

Facts and Trends TM

Published September 2017*

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. 2016 - Aug. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 17 Jul. 17 % Change Aug. 17 Aug. 16 % Change Jun. 17 to Aug. 17 Jun. 16 to Aug. 16 % Change 9/1/2017 - 9/12/2017 8/1/2017 - 8/12/2017 % Change
For Sale 58 65 -10.8% 58 54 7.4% 58 54 7.4% 57 62 -8.1%
Sold 11 5 120% 11 11 0%     29 23 26.1% 0 8 -100%
Pended 6 4 50% 6 3 100% 19 15 26.7% 0 4 -100%

August 2017 is a Neutral market**

Home For Sale in August 2017 is 58 units. It is down 10.8% compared to the last month and up 7.4% compared to the last year.
Home Closed in August 2017 is 11 units. It is up 120% compared to the last month and the same as compared to the last year.
Home Placed under Contract in August 2017 is 6 units. It is up 50% compared to the last month and up 100% compared to the 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. 2016 - Aug. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 17 Jul. 17 % Change Aug. 17 Aug. 16 % Change Jun. 17 to Aug. 17 Jun. 16 to Aug. 16 % Change 9/1/2017 - 9/12/2017 8/1/2017 - 8/12/2017 % Change
Avg. Sq. Ft. Price (Sold) 222 209 6.2% 222 187 18.7% 236.79 220.65 7.3% 0 230 -100%

August 2017 Average Sold Price per Square Footage is Neutral**

Average Sold Price per Square Footage in August 2017 is $222. It is up 6.2% compared to the last month and up 18.7% compared to the last year.

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



Avg Days On Market & SP/Orig LP % (Jun. 2016 - Aug. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 17 Jul. 17 % Change Aug. 17 Aug. 16 % Change Jun. 17 to Aug. 17 Jun. 16 to Aug. 16 % Change 9/1/2017 - 9/12/2017 8/1/2017 - 8/12/2017 % Change
Days on Market 118 111 6.3% 118 80 47.5% 106 117 -9.4% 0 117 -100%
Sold/Orig LP Diff. % 82 89 -7.9% 82 87 -5.7% 85 86 -1.2% 0 81 -100%

August 2017 Average Days on Market trend Remains Steady**

Average Days on Market in August 2017 is 118. It is up 6.3% compared to the last month and up 47.5% compared to the last year.

August 2017 Sold/Original List Price Ratio Remains Steady**

Sold/Original List Price % in August 2017 is 82%. It is down 7.9% compared to the last month and down 5.7% compared to the last year.

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



Average Price of For Sale and Sold (Jun. 2016 - Aug. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 17 Jul. 17 % Change Aug. 17 Aug. 16 % Change Jun. 17 to Aug. 17 Jun. 16 to Aug. 16 % Change 9/1/2017 - 9/12/2017 8/1/2017 - 8/12/2017 % Change
Avg. Active Price 709 806 -12% 709 849 -16.5% 768 858 -10.5% 710 792 -10.4%
Avg. Sold Price 778 573 35.8% 778 571 36.3% 852 790 7.8% 0 889 -100%

August 2017 Average For Sale Price is Depreciating**

Average For Sale Price (in thousand) in August 2017 is $709. It is down 12% compared to the last month and down 16.5% compared to the last year.

August 2017 Average Sold Price is Neutral**

Average Sold Price (in thousand) in August 2017 is $778. It is up 35.8% compared to the last month and up 36.3% compared to the last year.


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



Months of Inventory Based on Closed Sales (Jun. 2016 - Aug. 2017)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Aug. 17 Jul. 17 % Change Aug. 17 Aug. 16 % Change Jun. 17 to Aug. 17 Jun. 16 to Aug. 16 % Change 9/1/2017 - 9/12/2017 8/1/2017 - 8/12/2017 % Change
Months of Inventory (Closed Sales) 5.3 13 -59.2% 5.3 4.9 8.1% 7.8 7.9 -1.3% 57 7.8 634.8%

August 2017 is a Neutral market**

Months of Inventory based on Closed Sales in August 2017 is 5.3. It is down 59.2% compared to the last month and up 8.1% compared to the 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 6/16 7/16 8/16 9/16 10/16 11/16 12/16 1/17 2/17 3/17 4/17 5/17 6/17 7/17 8/17
For Sale 57 56 54 54 60 76 71 73 77 83 74 69 65 65 58
New Listing 12 5 11 8 19 26 9 17 14 18 15 10 13 9 16
Sold 6 6 11 9 7 4 12 4 6 6 14 6 13 5 11
Pended 5 7 3 7 5 7 7 6 11 14 12 5 9 4 6
Months of Inventory (Closed Sales) 9.5 9.3 4.9 6 8.6 19 5.9 18.3 12.8 13.8 5.3 11.5 5 13 5.3
Months of Inventory (Pended Sales) 11.4 8 18 7.7 12 10.9 10.1 12.2 7 5.9 6.2 13.8 7.2 16.3 9.7
Absorption Rate (Closed Sales) % 10.5 10.7 20.4 16.7 11.7 5.3 16.9 5.5 7.8 7.2 18.9 8.7 20 7.7 19
Absorption Rate (Pended Sales) % 8.8 12.5 5.6 13 8.3 9.2 9.9 8.2 14.3 16.9 16.2 7.2 13.8 6.2 10.3
Avg. Active Price 887 838 849 870 904 921 859 866 860 848 841 844 783 806 709
Avg. Sold Price 1112 869 571 727 489 535 659 705 593 563 670 944 1023 573 778
Avg. Sq. Ft. Price (Sold) 261 242 187 216 181 188 207 169 206 208 230 280 260 209 222
Sold/List Diff. % 94 82 93 90 96 88 93 91 92 93 92 89 91 93 83
Sold/Orig LP Diff. % 89 81 87 88 91 84 91 89 91 84 86 84 85 89 82
Days on Market 122 180 80 138 107 75 71 86 66 158 197 55 95 111 118
Median 675 613 570 400 475 485 531 573 476 535 450 1024 650 465 500

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*All reports are published September 2017, based on data available at the end of August 2017, 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