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Published October 2022*
| Location: |
BALLENISLES |
| Price Range: |
$500,000 - No Limit |
| SQFT Range: |
1900 - 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 |
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 Prepared for you by: Laura Cole & Tana Gaskill
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Number of Homes For Sale vs. Sold vs. Pended (Jul. 2021 - Sep. 2022)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Sep. 22 | Aug. 22 | % Change | Sep. 22 | Sep. 21 | % Change | Jul. 22 to Sep. 22 | Jul. 21 to Sep. 21 | % Change | | For Sale | 8 | 7 | 14.3%  | 8 | 4 | 100% | 8 | 4 | 100% | | Sold | 5 | 0 | N/A | 5 | 6 | -16.7%  | 8 | 11 | -27.3% | | Pended | 4 | 5 | -20% | 4 | 9 | -55.6% | 12 | 14 | -14.3% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 11/1/22 - 11/5/22 | 10/1/22 - 10/5/22 | % Change | 11/1/22 - 11/5/22 | 11/1/21 - 11/5/21 | % Change | 1/1/22 - 11/5/22 | 1/1/21 - 11/5/21 | % Change | | For Sale | 9 | 8 | 12.5% | 9 | 1 | 800% | 9 | 1 | 800% | | Sold | 2 | 1 | 100% | 2 | 1 | 100% | 36 | 57 | -36.8% | | Pended | 0 | 0 | N/A | 0 | 0 | N/A | 37 | 64 | -42.2% |
September 2022 is a Seller's market**
Home For Sale in September 2022 is 8 units. It is up 14.3% compared to last month and up 100% compared to last year.
Home Closed in September 2022 is 5 units.
Home Placed under Contract in September 2022 is 4 units. It is down 20% compared to last month and down 55.6% 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.
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Average Price per SQFT (Sold) (Jul. 2021 - Sep. 2022)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Sep. 22 | Aug. 22 | % Change | Sep. 22 | Sep. 21 | % Change | Jul. 22 to Sep. 22 | Jul. 21 to Sep. 21 | % Change | | Avg. Sq. Ft. Price (Sold) | 495 | 0 | N/A | 495 | 298 | 66.1% | 503.63 | 287.91 | 74.9% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 11/1/22 - 11/5/22 | 10/1/22 - 10/5/22 | % Change | 11/1/22 - 11/5/22 | 11/1/21 - 11/5/21 | % Change | 1/1/22 - 11/5/22 | 1/1/21 - 11/5/21 | % Change | | Avg. Sq. Ft. Price (Sold) | 322 | 516 | -37.6% | 322 | 283 | 13.8% | 433 | 297 | 45.8% |
September 2022 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in September 2022 is $495.
**Based on 6 month trend - Appreciating/Depreciating/Neutral.
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Avg Days On Market & SP/Orig LP % (Jul. 2021 - Sep. 2022)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Sep. 22 | Aug. 22 | % Change | Sep. 22 | Sep. 21 | % Change | Jul. 22 to Sep. 22 | Jul. 21 to Sep. 21 | % Change | | Avg Days on Market | 24 | 0 | N/A | 24 | 22 | 9.1% | 18 | 33 | -45.5% | | Sold/Orig LP Diff. % | 93 | 0 | N/A | 93 | 95 | -2.1% | 99 | 95 | 4.2% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 11/1/22 - 11/5/22 | 10/1/22 - 10/5/22 | % Change | 11/1/22 - 11/5/22 | 11/1/21 - 11/5/21 | % Change | 1/1/22 - 11/5/22 | 1/1/21 - 11/5/21 | % Change | | Avg Days on Market | 87 | 7 | 1,142.9% | 87 | 2 | 4,250% | 22 | 62 | -64.5% | | Sold/Orig LP Diff. % | 80 | 100 | -20% | 80 | 103 | -22.3% | 99 | 94 | 5.3% |
September 2022 Average Days on Market trend is Rising**
Average Days on Market in September 2022 is 24.
September 2022 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in September 2022 is 93%.
**Based on 6 month trend - Rising/Falling/Remains Steady.
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Average Price of For Sale and Sold (Jul. 2021 - Sep. 2022)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Sep. 22 | Aug. 22 | % Change | Sep. 22 | Sep. 21 | % Change | Jul. 22 to Sep. 22 | Jul. 21 to Sep. 21 | % Change | | Avg. Active Price | 1599 | 1433 | 11.6% | 1599 | 1343 | 19.1% | 1531 | 1063 | 44% | | Avg. Sold Price | 1618 | 0 | N/A | 1618 | 1062 | 52.4% | 1544 | 1020 | 51.4% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 11/1/22 - 11/5/22 | 10/1/22 - 10/5/22 | % Change | 11/1/22 - 11/5/22 | 11/1/21 - 11/5/21 | % Change | 1/1/22 - 11/5/22 | 1/1/21 - 11/5/21 | % Change | | Avg. Active Price | 1822 | 1556 | 17.1% | 1822 | 675 | 169.9% | 1822 | 675 | 169.9% | | Avg. Sold Price | 1120 | 2500 | -55.2% | 1120 | 1025 | 9.3% | 1330 | 1093 | 21.7% |
September 2022 Average For Sale Price is Appreciating**
Average For Sale Price (in thousand) in September 2022 is $1599. It is up 11.6% compared to last month and up 19.1% compared to last year.
September 2022 Average Sold Price is Appreciating**
Average Sold Price (in thousand) in September 2022 is $1618.
**Based on 6 month trend - Appreciating/Depreciating/Neutral.
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Months of Inventory Based on Closed Sales (Jul. 2021 - Sep. 2022)
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| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Sep. 22 | Aug. 22 | % Change | Sep. 22 | Sep. 21 | % Change | Jul. 22 to Sep. 22 | Jul. 21 to Sep. 21 | % Change | | Months of Inventory (Closed Sales) | 1.6 | 7 | -77.1% | 1.6 | 0.7 | 135% | 3.6 | 0.9 | 303.7% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 11/1/22 - 11/5/22 | 10/1/22 - 10/5/22 | % Change | 11/1/22 - 11/5/22 | 11/1/21 - 11/5/21 | % Change | 1/1/22 - 11/5/22 | 1/1/21 - 11/5/21 | % Change | | Months of Inventory (Closed Sales) | 0.8 | 1.3 | -38.8% | 0.8 | 0.2 | 360% | 2.6 | 0.2 | 1,328.2% |
September 2022 is a Seller's market**
Months of Inventory based on Closed Sales in September 2022 is 1.6. It is down 77.1% compared to last month and up 135% 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.
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| Date | 7/21 | 8/21 | 9/21 | 10/21 | 11/21 | 12/21 | 1/22 | 2/22 | 3/22 | 4/22 | 5/22 | 6/22 | 7/22 | 8/22 | 9/22 | | For Sale | 3 | 2 | 4 | 3 | 1 | 1 | 2 | 1 | 0 | 4 | 2 | 5 | 7 | 7 | 8 | | New Listing | 5 | 4 | 9 | 6 | 3 | 3 | 4 | 3 | 5 | 6 | 3 | 5 | 6 | 6 | 5 | | Sold | 3 | 2 | 6 | 4 | 14 | 4 | 1 | 4 | 5 | 3 | 6 | 5 | 3 | 0 | 5 | | Pended | 1 | 4 | 9 | 7 | 4 | 2 | 5 | 2 | 3 | 4 | 5 | 2 | 3 | 5 | 4 | | Months of Inventory (Closed Sales) | 1 | 1 | 0.7 | 0.8 | 0.1 | 0.3 | 2 | 0.3 | 0 | 1.3 | 0.3 | 1 | 2.3 | 7 | 1.6 | | Months of Inventory (Pended Sales) | 3 | 0.5 | 0.4 | 0.4 | 0.3 | 0.5 | 0.4 | 0.5 | 0 | 1 | 0.4 | 2.5 | 2.3 | 1.4 | 2 | | Absorption Rate (Closed Sales) % | 100 | 100 | 150 | 133.3 | 1400 | 400 | 50 | 400 | 5 | 75 | 300 | 100 | 42.9 | 0 | 62.5 | | Absorption Rate (Pended Sales) % | 33.3 | 200 | 225 | 233.3 | 400 | 200 | 250 | 200 | 3 | 100 | 250 | 40 | 42.9 | 71.4 | 50 | | Avg. Active Price | 966 | 649 | 1343 | 1032 | 675 | 649 | 1263 | 900 | 0 | 1189 | 1850 | 1345 | 1551 | 1433 | 1599 | | Avg. Sold Price | 802 | 1219 | 1062 | 890 | 1260 | 963 | 1100 | 858 | 1180 | 1110 | 1549 | 1161 | 1420 | 0 | 1618 | | Avg. Sq. Ft. Price (Sold) | 249 | 316 | 298 | 293 | 374 | 297 | 345 | 363 | 391 | 374 | 502 | 381 | 518 | 0 | 495 | | Sold/List Diff. % | 96 | 94 | 95 | 94 | 101 | 100 | 100 | 102 | 103 | 107 | 106 | 99 | 109 | 0 | 97 | | Sold/Orig LP Diff. % | 96 | 92 | 95 | 94 | 100 | 96 | 92 | 99 | 103 | 104 | 106 | 99 | 109 | 0 | 93 | | Avg Days on Market | 8 | 101 | 22 | 25 | 8 | 20 | 26 | 40 | 3 | 12 | 13 | 6 | 9 | 0 | 24 | | Median Active Price | 999 | 649 | 1350 | 899 | 675 | 649 | 1263 | 900 | 0 | 1138 | 1850 | 1350 | 949 | 1095 | 1575 | | Median Sold Price | 815 | 1219 | 728 | 630 | 1163 | 950 | 1100 | 663 | 900 | 775 | 1232 | 1225 | 1600 | 0 | 900 |
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*All reports are published October 2022, based on data available at the end of September 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.
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