Real Estate Trends

Facts and Trends TM

Published May 2022*

Location:   Area 5300
Price Range:   $400,000 - No Limit
SQFT Range:   1600 - No Limit
Property Types:   Residential - Single Family Homes and Condo/Coop/Villa/Twnhse Combined - 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 (Feb. 2021 - Apr. 2022)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Apr. 22 Mar. 22 % Change Apr. 22 Apr. 21 % Change Feb. 22 to Apr. 22 Feb. 21 to Apr. 21 % Change
For Sale 8 2 300% 8 14 -42.9% 8 14 -42.9%
Sold 6 10 -40% 6 10 -40% 23 39 -41%
Pended 10 5 100% 10 22 -54.5% 22 48 -54.2%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  5/1/22 - 5/8/22 4/1/22 - 4/8/22 % Change 5/1/22 - 5/8/22 5/1/21 - 5/8/21 % Change 1/1/22 - 5/8/22 1/1/21 - 5/8/21 % Change
For Sale 6 1 500% 6 4 50% 6 4 50%
Sold 1 1 0%     1 3 -66.7% 26 51 -49%
Pended 5 5 0%     5 11 -54.5% 36 73 -50.7%

April 2022 is a Seller's market**
Home For Sale in April 2022 is 8 units. It is up 300% compared to last month and down 42.9% compared to last year.
Home Closed in April 2022 is 6 units. It is down 40% compared to last month and down 40% compared to last year.
Home Placed under Contract in April 2022 is 10 units. It is up 100% compared to last month and down 54.5% 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) (Feb. 2021 - Apr. 2022)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Apr. 22 Mar. 22 % Change Apr. 22 Apr. 21 % Change Feb. 22 to Apr. 22 Feb. 21 to Apr. 21 % Change
Avg. Sq. Ft. Price (Sold) 332 381 -12.9% 332 218 52.3% 370.04 238.26 55.3%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  5/1/22 - 5/8/22 4/1/22 - 4/8/22 % Change 5/1/22 - 5/8/22 5/1/21 - 5/8/21 % Change 1/1/22 - 5/8/22 1/1/21 - 5/8/21 % Change
Avg. Sq. Ft. Price (Sold) 648 227 185.5% 648 200 224% 378 237 59.5%

April 2022 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in April 2022 is $332. It is down 12.9% compared to last month and up 52.3% compared to last year.

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



Avg Days On Market & SP/Orig LP % (Feb. 2021 - Apr. 2022)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Apr. 22 Mar. 22 % Change Apr. 22 Apr. 21 % Change Feb. 22 to Apr. 22 Feb. 21 to Apr. 21 % Change
Avg Days on Market 15 3 400% 15 100 -85% 14 104 -86.5%
Sold/Orig LP Diff. % 103 101 2% 103 93 10.8% 102 90 13.3%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  5/1/22 - 5/8/22 4/1/22 - 4/8/22 % Change 5/1/22 - 5/8/22 5/1/21 - 5/8/21 % Change 1/1/22 - 5/8/22 1/1/21 - 5/8/21 % Change
Avg Days on Market 4 3 33.3% 4 14 -71.4% 14 96 -85.4%
Sold/Orig LP Diff. % 115 101 13.9% 115 93 23.7% 102 90 13.3%

April 2022 Average Days on Market trend Remains Steady**
Average Days on Market in April 2022 is 15. It is up 400% compared to last month and down 85% compared to last year.

April 2022 Sold/Original List Price Ratio is Rising**
Sold/Original List Price % in April 2022 is 103%. It is up 2% compared to last month and up 10.8% compared to last year.

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



Average Price of For Sale and Sold (Feb. 2021 - Apr. 2022)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Apr. 22 Mar. 22 % Change Apr. 22 Apr. 21 % Change Feb. 22 to Apr. 22 Feb. 21 to Apr. 21 % Change
Avg. Active Price 1284 1298 -1.1% 1284 938 36.9% 1252 961 30.3%
Avg. Sold Price 832 1259 -33.9% 832 710 17.2% 1052 828 27.1%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  5/1/22 - 5/8/22 4/1/22 - 4/8/22 % Change 5/1/22 - 5/8/22 5/1/21 - 5/8/21 % Change 1/1/22 - 5/8/22 1/1/21 - 5/8/21 % Change
Avg. Active Price 1370 850 61.2% 1370 1368 0.1% 1370 1368 0.1%
Avg. Sold Price 2295 605 279.3% 2295 532 331.4% 1078 802 34.4%

April 2022 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in April 2022 is $1284. It is down 1.1% compared to last month and up 36.9% compared to last year.

April 2022 Average Sold Price is Neutral**
Average Sold Price (in thousand) in April 2022 is $832. It is down 33.9% compared to last month and up 17.2% compared to last year.

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



Months of Inventory Based on Closed Sales (Feb. 2021 - Apr. 2022)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Apr. 22 Mar. 22 % Change Apr. 22 Apr. 21 % Change Feb. 22 to Apr. 22 Feb. 21 to Apr. 21 % Change
Months of Inventory (Closed Sales) 1.3 0.2 550% 1.3 1.4 -7.1% 0.6 1.2 -50.4%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  5/1/22 - 5/8/22 4/1/22 - 4/8/22 % Change 5/1/22 - 5/8/22 5/1/21 - 5/8/21 % Change 1/1/22 - 5/8/22 1/1/21 - 5/8/21 % Change
Months of Inventory (Closed Sales) 1.5 0.3 450% 1.5 0.3 348.7% 1 0.3 216.1%

April 2022 is a Seller's market**
Months of Inventory based on Closed Sales in April 2022 is 1.3. It is up 550% compared to last month and down 7.1% 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 2/21 3/21 4/21 5/21 6/21 7/21 8/21 9/21 10/21 11/21 12/21 1/22 2/22 3/22 4/22
For Sale 19 8 14 4 3 7 4 7 3 2 3 3 1 2 8
New Listing 3 14 23 12 6 13 6 16 9 7 8 7 9 7 19
Sold 11 18 10 16 27 10 5 11 10 18 9 2 7 10 6
Pended 12 14 22 19 10 8 7 15 11 6 6 8 7 5 10
Months of Inventory (Closed Sales) 1.7 0.4 1.4 0.3 0.1 0.7 0.8 0.6 0.3 0.1 0.3 1.5 0.1 0.2 1.3
Months of Inventory (Pended Sales) 1.6 0.6 0.6 0.2 0.3 0.9 0.6 0.5 0.3 0.3 0.5 0.4 0.1 0.4 0.8
Absorption Rate (Closed Sales) % 57.9 225 71.4 400 900 142.9 125 157.1 333.3 900 300 66.7 700 500 75
Absorption Rate (Pended Sales) % 63.2 175 157.1 475 333.3 114.3 175 214.3 366.7 300 200 266.7 700 250 125
Avg. Active Price 1024 850 938 1368 747 766 634 1053 1032 1088 989 2508 900 1298 1284
Avg. Sold Price 911 842 710 910 1139 950 1207 886 1066 1155 875 758 946 1259 832
Avg. Sq. Ft. Price (Sold) 244 246 218 295 332 309 305 283 346 364 300 281 387 381 332
Sold/List Diff. % 94 94 95 97 98 99 96 96 99 101 100 96 103 101 105
Sold/Orig LP Diff. % 85 92 93 97 98 99 95 96 98 100 97 91 101 101 103
Avg Days on Market 165 69 100 28 41 9 58 61 20 9 22 22 28 3 15
Median Active Price 729 767 799 1262 795 757 649 699 899 1088 649 1700 900 1297 885
Median Sold Price 820 758 689 695 750 758 825 700 705 1025 800 758 700 950 665

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*All reports are published May 2022, based on data available at the end of April 2022, except for the today’s 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