Real Estate Trends

Facts and Trends

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.

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