Real Estate Trends

Facts and Trends TM

Published June 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

 



Number of Homes For Sale vs. Sold vs. Pended (Mar. 2017 - May. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 18 Apr. 18 % Change May. 18 May. 17 % Change Mar. 18 to May. 18 Mar. 17 to May. 17 % Change 6/1/2018 - 6/12/2018 5/1/2018 - 5/12/2018 % Change
For Sale 63 67 -6% 63 69 -8.7% 63 69 -8.7% 62 65 -4.6%
Sold 16 15 6.7% 16 6 166.7% 38 26 46.2% 0 6 -100%
Pended 7 5 40% 7 5 40% 24 31 -22.6% 1 4 -75%

May 2018 is a Neutral market**
Home For Sale in May 2018 is 63 units. It is down 6% compared to last month and down 8.7% compared to last year.
Home Closed in May 2018 is 16 units. It is up 6.7% compared to last month and up 166.7% compared to last year.
Home Placed under Contract in May 2018 is 7 units. It is up 40% compared to last month and up 40% 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) (Mar. 2017 - May. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 18 Apr. 18 % Change May. 18 May. 17 % Change Mar. 18 to May. 18 Mar. 17 to May. 17 % Change 6/1/2018 - 6/12/2018 5/1/2018 - 5/12/2018 % Change
Avg. Sq. Ft. Price (Sold) 191 238 -19.7% 191 280 -31.8% 220.42 236.46 -6.8% 0 216 -100%

May 2018 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in May 2018 is $191. It is down 19.7% compared to last month and down 31.8% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 18 Apr. 18 % Change May. 18 May. 17 % Change Mar. 18 to May. 18 Mar. 17 to May. 17 % Change 6/1/2018 - 6/12/2018 5/1/2018 - 5/12/2018 % Change
Avg Days on Market 136 62 119.4% 136 55 147.3% 94 155 -39.4% 0 109 -100%
Sold/Orig LP Diff. % 85 92 -7.6% 85 84 1.2% 89 85 4.7% 0 85 -100%

May 2018 Average Days on Market trend Remains Steady**
Average Days on Market in May 2018 is 136. It is up 119.4% compared to last month and up 147.3% compared to last year.

May 2018 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in May 2018 is 85%. It is down 7.6% compared to last month and up 1.2% compared to last year.

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



Average Price of For Sale and Sold (Mar. 2017 - May. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 18 Apr. 18 % Change May. 18 May. 17 % Change Mar. 18 to May. 18 Mar. 17 to May. 17 % Change 6/1/2018 - 6/12/2018 5/1/2018 - 5/12/2018 % Change
Avg. Active Price 815 777 4.9% 815 844 -3.4% 795 844 -5.8% 785 804 -2.4%
Avg. Sold Price 567 698 -18.8% 567 944 -39.9% 652 709 -8% 0 791 -100%

May 2018 Average For Sale Price is Appreciating**
Average For Sale Price (in thousand) in May 2018 is $815. It is up 4.9% compared to last month and down 3.4% compared to last year.

May 2018 Average Sold Price is Neutral**
Average Sold Price (in thousand) in May 2018 is $567. It is down 18.8% compared to last month and down 39.9% compared to last year.

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



Months of Inventory Based on Closed Sales (Mar. 2017 - May. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 18 Apr. 18 % Change May. 18 May. 17 % Change Mar. 18 to May. 18 Mar. 17 to May. 17 % Change 6/1/2018 - 6/12/2018 5/1/2018 - 5/12/2018 % Change
Months of Inventory (Closed Sales) 3.9 4.5 -13.4% 3.9 11.5 -66.1% 5.8 10.2 -43.1% 62 10.8 472.6%

May 2018 is a Neutral market**
Months of Inventory based on Closed Sales in May 2018 is 3.9. It is down 13.4% compared to last month and down 66.1% 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 3/17 4/17 5/17 6/17 7/17 8/17 9/17 10/17 11/17 12/17 1/18 2/18 3/18 4/18 5/18
For Sale 83 74 69 65 65 58 62 63 65 65 75 69 64 67 63
New Listing 18 15 10 13 9 16 15 14 9 10 28 18 10 9 14
Sold 6 14 6 13 5 13 8 3 5 2 8 3 7 15 16
Pended 14 12 5 9 4 9 1 6 3 5 10 13 12 5 7
Months of Inventory (Closed Sales) 13.8 5.3 11.5 5 13 4.5 7.8 21 13 32.5 9.4 23 9.1 4.5 3.9
Months of Inventory (Pended Sales) 5.9 6.2 13.8 7.2 16.3 6.4 62 10.5 21.7 13 7.5 5.3 5.3 13.4 9
Absorption Rate (Closed Sales) % 7.2 18.9 8.7 20 7.7 22.4 12.9 4.8 7.7 3.1 10.7 4.3 10.9 22.4 25.4
Absorption Rate (Pended Sales) % 16.9 16.2 7.2 13.8 6.2 15.5 1.6 9.5 4.6 7.7 13.3 18.8 18.8 7.5 11.1
Avg. Active Price 848 841 844 783 806 709 766 801 735 763 763 759 793 777 815
Avg. Sold Price 563 670 944 1023 573 739 549 555 803 465 535 469 747 698 567
Avg. Sq. Ft. Price (Sold) 208 230 280 260 209 218 209 181 259 190 204 180 250 238 191
Sold/List Diff. % 93 92 89 91 93 84 96 87 95 98 91 89 94 94 92
Sold/Orig LP Diff. % 84 86 84 85 89 82 92 80 92 93 88 86 93 92 85
Avg Days on Market 158 197 55 95 111 114 86 146 134 99 134 51 68 62 136
Median Sold Price 535 450 1024 650 465 500 520 450 510 465 387 488 447 650 505

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*All reports are published June 2018, based on data available at the end of May 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