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Facts and Trends TM

Published August 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 (May. 2019 - Jul. 2020)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 20Jun. 20% ChangeJul. 20Jul. 19% ChangeMay. 20 to Jul. 20May. 19 to Jul. 19% Change
For Sale63588.6% 635710.5% 635710.5%
Sold13130%    13862.5% 332437.5%
Pended314-78.6% 310-70% 2426-7.7%

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/20 - 8/6/207/1/20 - 7/6/20% Change8/1/20 - 8/6/208/1/19 - 8/6/19% Change1/1/20 - 8/6/201/1/19 - 8/6/19% Change
For Sale745925.4% 745632.1% 745632.1%
Sold01-100% 01-100% 6768-1.5%
Pended00N/A    00N/A    5869-15.9%


July 2020 is a Neutral market**
Home For Sale in July 2020 is 63 units. It is up 8.6% compared to last month and up 10.5% compared to last year.
Home Closed in July 2020 is 13 units. It is the same as compared to last month and up 62.5% compared to last year.
Home Placed under Contract in July 2020 is 3 units. It is down 78.6% compared to last month and down 70% 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) (May. 2019 - Jul. 2020)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 20Jun. 20% ChangeJul. 20Jul. 19% ChangeMay. 20 to Jul. 20May. 19 to Jul. 19% Change
Avg. Sq. Ft. Price (Sold)25721718.4% 257264-2.7% 237.21229.633.3%

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/20 - 8/6/207/1/20 - 7/6/20% Change8/1/20 - 8/6/208/1/19 - 8/6/19% Change1/1/20 - 8/6/201/1/19 - 8/6/19% Change
Avg. Sq. Ft. Price (Sold)0149-100% 0135-100% 2172141.4%


July 2020 Average Sold Price per Square Footage is Appreciating**
Average Sold Price per Square Footage in July 2020 is $257. It is up 18.4% compared to last month and down 2.7% compared to last year.

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


Avg Days On Market & SP/Orig LP % (May. 2019 - Jul. 2020)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 20Jun. 20% ChangeJul. 20Jul. 19% ChangeMay. 20 to Jul. 20May. 19 to Jul. 19% Change
Avg Days on Market91136-33.1% 916442.2% 1129221.7%
Sold/Orig LP Diff. %89863.5% 8990-1.1% 88871.1%

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/20 - 8/6/207/1/20 - 7/6/20% Change8/1/20 - 8/6/208/1/19 - 8/6/19% Change1/1/20 - 8/6/201/1/19 - 8/6/19% Change
Avg Days on Market017-100% 0153-100% 1131066.6%
Sold/Orig LP Diff. %093-100% 082-100% 88862.3%


July 2020 Average Days on Market trend is Falling**
Average Days on Market in July 2020 is 91. It is down 33.1% compared to last month and up 42.2% compared to last year.

July 2020 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in July 2020 is 89%. It is up 3.5% compared to last month and down 1.1% compared to last year.

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


Average Price of For Sale and Sold (May. 2019 - Jul. 2020)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 20Jun. 20% ChangeJul. 20Jul. 19% ChangeMay. 20 to Jul. 20May. 19 to Jul. 19% Change
Avg. Active Price656679-3.4% 656798-17.8% 671786-14.6%
Avg. Sold Price79658935.1% 796873-8.8% 7036911.7%

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/20 - 8/6/207/1/20 - 7/6/20% Change8/1/20 - 8/6/208/1/19 - 8/6/19% Change1/1/20 - 8/6/201/1/19 - 8/6/19% Change
Avg. Active Price649675-3.9% 649795-18.4% 649795-18.4%
Avg. Sold Price0325-100% 0350-100% 605649-6.8%


July 2020 Average For Sale Price is Depreciating**
Average For Sale Price (in thousand) in July 2020 is $656. It is down 3.4% compared to last month and down 17.8% compared to last year.

July 2020 Average Sold Price is Appreciating**
Average Sold Price (in thousand) in July 2020 is $796. It is up 35.1% compared to last month and down 8.8% compared to last year.

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


Months of Inventory Based on Closed Sales (May. 2019 - Jul. 2020)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 20Jun. 20% ChangeJul. 20Jul. 19% ChangeMay. 20 to Jul. 20May. 19 to Jul. 19% Change
Months of Inventory (Closed Sales)4.84.56.7% 4.87.1-32.3% 6.49.3-31.1%

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/20 - 8/6/207/1/20 - 7/6/20% Change8/1/20 - 8/6/208/1/19 - 8/6/19% Change1/1/20 - 8/6/201/1/19 - 8/6/19% Change
Months of Inventory (Closed Sales)011.4-99.8% 010.8-99.6% 7.85.834.4%


July 2020 is a Neutral market**
Months of Inventory based on Closed Sales in July 2020 is 4.8. It is up 6.7% compared to last month and down 32.3% 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.


Date5/196/197/198/199/1910/1911/1912/191/202/203/204/205/206/207/20
For Sale776057566066777777716261695863
New Listing961910132316112412115111218
Sold5118858579910571313
Pended106103711951111917143
Months of Inventory (Closed Sales)15.45.57.17128.315.4118.67.96.212.29.94.54.8
Months of Inventory (Pended Sales)7.7105.718.78.668.615.476.56.9619.94.121
Absorption Rate (Closed Sales) %6.518.31414.38.312.16.59.111.712.716.18.210.122.420.6
Absorption Rate (Pended Sales) %131017.55.411.716.711.76.514.315.514.51.610.124.14.8
Avg. Active Price770795798795702663693728709711720720677679656
Avg. Sold Price742536873498556658422474459600449575744589796
Avg. Sq. Ft. Price (Sold)231204264173199210175202178210176231238217257
Sold/List Diff. %889093899188939592959392939193
Sold/Orig LP Diff. %828790858977899488878892898689
Avg Days on Market11810064125671759545911871093410613691
Median Sold Price650479502425520588380452385499433375525435595

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