Hi Doug.

Also sent SOLDs and May Newsletter to update.

Hope all is well.

Thanks.

Laura


Facts and Trends TM

Published August 2024*

Location:   Area 5300
Price Range:   $650,000 - No Limit
SQFT Range:   1800 - 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


Number of Homes For Sale vs. Sold vs. Pended (May. 2023 - Jul. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 24Jun. 24% ChangeJul. 24Jul. 23% ChangeMay. 24 to Jul. 24May. 23 to Jul. 23% Change
For Sale16156.7% up1619-15.8% down1619-15.8% down
Sold11757.1% up113266.7% up262313% up
Pended63100% up660%    19190%    

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/24 - 8/7/247/1/24 - 7/7/24% Change8/1/24 - 8/7/248/1/23 - 8/7/23% Change1/1/24 - 8/7/241/1/23 - 8/7/23% Change
For Sale17170%    17166.3% up17166.3% up
Sold01-100% down02-100% down655714% up
Pended21100% up21100% up64623.2% up


July 2024 was a Seller's market**
Home For Sale in July 2024 was 16 units. It was up 6.7% compared to last month and down 15.8% compared to last year.
Home Closed in July 2024 was 11 units. It was up 57.1% compared to last month and up 266.7% compared to last year.
Home Placed under Contract in July 2024 was 6 units. It was up 100% compared to last month and the same as 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. 2023 - Jul. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 24Jun. 24% ChangeJul. 24Jul. 23% ChangeMay. 24 to Jul. 24May. 23 to Jul. 23% Change
Avg. Sq. Ft. Price (Sold)5435331.9% up5435116.3% up5325300.4% up

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/24 - 8/7/247/1/24 - 7/7/24% Change8/1/24 - 8/7/248/1/23 - 8/7/23% Change1/1/24 - 8/7/241/1/23 - 8/7/23% Change
Avg. Sq. Ft. Price (Sold)0469-100% down0444-100% down5195052.8% up


July 2024 Average Sold Price per Square Footage was Appreciating**
Average Sold Price per Square Footage in July 2024 was $543. It was up 1.9% compared to last month and up 6.3% compared to last year.

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


Avg Days On Market & SP/Orig LP % (May. 2023 - Jul. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 24Jun. 24% ChangeJul. 24Jul. 23% ChangeMay. 24 to Jul. 24May. 23 to Jul. 23% Change
Avg Days on Market3788-58% down372737% up503542.9% up
Sold/Orig LP Diff. %91857.1% up9196-5.2% down8790-3.3% down

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/24 - 8/7/247/1/24 - 7/7/24% Change8/1/24 - 8/7/248/1/23 - 8/7/23% Change1/1/24 - 8/7/241/1/23 - 8/7/23% Change
Avg Days on Market00N/A    056-100% down473534.3% up
Sold/Orig LP Diff. %096-100% down098-100% down8892-4.3% down


July 2024 Average Days on Market trend Remains Steady**
Average Days on Market in July 2024 was 37. It was down 58% compared to last month and up 37% compared to last year.

July 2024 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in July 2024 was 91%. It was up 7.1% compared to last month and down 5.2% compared to last year.

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


Average Price of For Sale and Sold (May. 2023 - Jul. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 24Jun. 24% ChangeJul. 24Jul. 23% ChangeMay. 24 to Jul. 24May. 23 to Jul. 23% Change
Avg. Active Price1,4772,109-30% down1,4771,906-22.5% down1,8931,8492.4% up
Avg. Sold Price1,4821,614-8.2% down1,4821,892-21.7% down1,5031,585-5.2% down

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/24 - 8/7/247/1/24 - 7/7/24% Change8/1/24 - 8/7/248/1/23 - 8/7/23% Change1/1/24 - 8/7/241/1/23 - 8/7/23% Change
Avg. Active Price1,4361,768-18.8% down1,4361,806-20.5% down1,4361,806-20.5% down
Avg. Sold Price01,350-100% down01,200-100% down1,5311,5180.9% up


July 2024 Average For Sale Price was Neutral**
Average For Sale Price (in thousand) in July 2024 was $1477. It was down 30% compared to last month and down 22.5% compared to last year.

July 2024 Average Sold Price was Neutral**
Average Sold Price (in thousand) in July 2024 was $1482. It was down 8.2% compared to last month and down 21.7% compared to last year.

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


Months of Inventory Based on Closed Sales (May. 2023 - Jul. 2024)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago
Jul. 24Jun. 24% ChangeJul. 24Jul. 23% ChangeMay. 24 to Jul. 24May. 23 to Jul. 23% Change
Months of Inventory (Closed Sales)1.52.1-28% down1.56.3-75.8% down1.82.5-28.2% down

TODAY’S STATS
Current vs. Prev MTDCurrent vs. Same MTD 1 Yr AgoCurrent vs. Prev YTD
8/1/24 - 8/7/247/1/24 - 7/7/24% Change8/1/24 - 8/7/248/1/23 - 8/7/23% Change1/1/24 - 8/7/241/1/23 - 8/7/23% Change
Months of Inventory (Closed Sales)03.8-99% down01.8-99.6% down1.92-5% down


July 2024 was a Seller's market**
Months of Inventory based on Closed Sales in July 2024 was 1.5. It was down 28% compared to last month and down 75.8% 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.


Date5/236/237/238/239/2310/2311/2312/231/242/243/244/245/246/247/24
For Sale141519162122283126292421191516
New Listing78138121217891514118211
Sold1283812459682058711
Pended766776781191491036
Months of Inventory (Closed Sales)1.21.96.321.85.55.63.44.33.61.24.22.42.11.5
Months of Inventory (Pended Sales)22.53.22.333.743.92.43.21.72.31.952.7
Absorption Rate (Closed Sales) %85.753.315.85057.118.217.92923.127.683.323.842.146.768.8
Absorption Rate (Pended Sales) %504031.643.833.327.32525.842.33158.342.952.62037.5
Avg. Active Price1,8561,7701,9061,8061,9471,8451,9952,1151,9431,8571,7581,9522,0732,1091,477
Avg. Sold Price1,7321,2491,8921,6451,4141,0541,1931,2561,9911,6181,4481,3131,4361,6141,482
Avg. Sq. Ft. Price (Sold)574472511559478425484448595522500423516533543
Sold/List Diff. %919896969594899391949399869294
Sold/Orig LP Diff. %879396929493888990878892848591
Avg Days on Market472027461652406334404568338837
Median Active Price1,6851,5001,4991,6001,4991,6251,6491,6001,4971,2951,2951,5901,4491,6001,024
Median Sold Price1,0301,0351,8751,5601,2838481,2731,2501,5501,3501,3121,3009771,1501,200

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*All reports are published August 2024, based on data available at the end of July 2024, 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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