View Facts and Trends Report

Facts and Trends

Published March 2020*

Location:	Area 5300
Price Range:	$200,000 - 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 (Dec. 2018 - Feb. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Feb. 20	Jan. 20	% Change	Feb. 20	Feb. 19	% Change	Dec. 19 to Feb. 20	Dec. 18 to Feb. 19	% Change	3/1/2020 - 3/7/2020	2/1/2020 - 2/7/2020	% Change
For Sale	71	77	-7.8%	71	85	-16.5%	71	85	-16.5%	69	77	-10.4%
Sold	9	9	0%	9	9	0%	25	23	8.7%	2	1	100%
Pended	10	11	-9.1%	10	12	-16.7%	26	32	-18.7%	1	3	-66.7%

February 2020 is a Buyer's market**
Home For Sale in February 2020 is 71 units. It is down 7.8% compared to last month and down 16.5% compared to last year.
Home Closed in February 2020 is 9 units. It is the same as compared to last month and the same as compared to last year.
Home Placed under Contract in February 2020 is 10 units. It is down 9.1% compared to last month and down 16.7% 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) (Dec. 2018 - Feb. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Feb. 20	Jan. 20	% Change	Feb. 20	Feb. 19	% Change	Dec. 19 to Feb. 20	Dec. 18 to Feb. 19	% Change	3/1/2020 - 3/7/2020	2/1/2020 - 2/7/2020	% Change
Avg. Sq. Ft. Price (Sold)	210	178	18%	210	220	-4.5%	196.24	204.43	-4%	189	156	21.2%

February 2020 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in February 2020 is $210. It is up 18% compared to last month and down 4.5% compared to last year.

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

Avg Days On Market & SP/Orig LP % (Dec. 2018 - Feb. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Feb. 20	Jan. 20	% Change	Feb. 20	Feb. 19	% Change	Dec. 19 to Feb. 20	Dec. 18 to Feb. 19	% Change	3/1/2020 - 3/7/2020	2/1/2020 - 2/7/2020	% Change
Avg Days on Market	187	91	105.5%	187	99	88.9%	113	104	8.7%	48	296	-83.8%
Sold/Orig LP Diff. %	87	88	-1.1%	87	85	2.4%	89	87	2.3%	95	77	23.4%

February 2020 Average Days on Market trend Remains Steady**
Average Days on Market in February 2020 is 187. It is up 105.5% compared to last month and up 88.9% compared to last year.

February 2020 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in February 2020 is 87%. It is down 1.1% compared to last month and up 2.4% compared to last year.

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

Average Price of For Sale and Sold (Dec. 2018 - Feb. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Feb. 20	Jan. 20	% Change	Feb. 20	Feb. 19	% Change	Dec. 19 to Feb. 20	Dec. 18 to Feb. 19	% Change	3/1/2020 - 3/7/2020	2/1/2020 - 2/7/2020	% Change
Avg. Active Price	711	709	0.3%	711	762	-6.7%	716	779	-8.1%	710	711	0.1%
Avg. Sold Price	600	459	30.7%	600	749	-19.9%	514	610	-15.7%	430	499	-13.8%

February 2020 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in February 2020 is $711. It is up 0.3% compared to last month and down 6.7% compared to last year.

February 2020 Average Sold Price is Neutral**
Average Sold Price (in thousand) in February 2020 is $600. It is up 30.7% compared to last month and down 19.9% compared to last year.

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

Months of Inventory Based on Closed Sales (Dec. 2018 - Feb. 2020)

	Curnt vs. Prev Month			Curnt vs. Same Month 1 Yr Ago			Curnt vs. Same Qtr 1 Yr Ago			TODAY STATS
	Feb. 20	Jan. 20	% Change	Feb. 20	Feb. 19	% Change	Dec. 19 to Feb. 20	Dec. 18 to Feb. 19	% Change	3/1/2020 - 3/7/2020	2/1/2020 - 2/7/2020	% Change
Months of Inventory (Closed Sales)	7.9	8.6	-8.2%	7.9	9.4	-15.9%	9.1	11.7	-22.2%	34.5	77	-55.2%

February 2020 is a Buyer's market**
Months of Inventory based on Closed Sales in February 2020 is 7.9. It is down 8.2% compared to last month and down 15.9% 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	12/18	1/19	2/19	3/19	4/19	5/19	6/19	7/19	8/19	9/19	10/19	11/19	12/19	1/20	2/20
For Sale	88	88	85	85	85	77	60	57	56	60	66	77	77	77	71
New Listing	17	22	16	23	14	9	6	19	10	13	23	16	11	24	12
Sold	6	8	9	15	11	5	11	8	8	5	8	5	7	9	9
Pended	7	13	12	8	10	10	6	10	3	7	11	9	5	11	10
Months of Inventory (Closed Sales)	14.7	11	9.4	5.7	7.7	15.4	5.5	7.1	7	12	8.3	15.4	11	8.6	7.9
Months of Inventory (Pended Sales)	12.6	6.8	7.1	10.6	8.5	7.7	10	5.7	18.7	8.6	6	8.6	15.4	7	7.1
Absorption Rate (Closed Sales) %	6.8	9.1	10.6	17.6	12.9	6.5	18.3	14	14.3	8.3	12.1	6.5	9.1	11.7	12.7
Absorption Rate (Pended Sales) %	8	14.8	14.1	9.4	11.8	13	10	17.5	5.4	11.7	16.7	11.7	6.5	14.3	14.1
Avg. Active Price	800	775	762	740	761	770	795	798	795	702	663	693	728	709	711
Avg. Sold Price	459	566	749	587	649	742	536	873	498	556	658	422	474	459	600
Avg. Sq. Ft. Price (Sold)	179	206	220	188	215	231	204	264	173	199	210	175	202	178	210
Sold/List Diff. %	93	94	86	89	91	88	90	93	89	91	88	93	95	92	95
Sold/Orig LP Diff. %	85	91	85	83	83	82	87	90	85	89	77	89	94	88	87
Avg Days on Market	149	77	99	136	119	118	100	64	125	67	175	95	45	91	187
Median Sold Price	430	549	525	420	550	650	479	502	425	520	588	380	452	385	499

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*All reports are published March 2020, based on data available at the end of February 2020, 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.