|
|
Published May 2024*
| Location: |
Area 5300 |
| Price Range: |
$650,000 - 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. 2023 - Apr. 2024)
|
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Apr. 24 | Mar. 24 | % Change | Apr. 24 | Apr. 23 | % Change | Feb. 24 to Apr. 24 | Feb. 23 to Apr. 23 | % Change | | For Sale | 23 | 26 | -11.5%  | 23 | 18 | 27.8%  | 23 | 18 | 27.8% | | Sold | 5 | 20 | -75% | 5 | 13 | -61.5% | 33 | 27 | 22.2% | | Pended | 11 | 14 | -21.4% | 11 | 13 | -15.4% | 35 | 33 | 6.1% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 5/1/24 - 5/11/24 | 4/1/24 - 4/11/24 | % Change | 5/1/24 - 5/11/24 | 5/1/23 - 5/11/23 | % Change | 1/1/24 - 5/11/24 | 1/1/23 - 5/11/23 | % Change | | For Sale | 23 | 27 | -14.8% | 23 | 14 | 64.3% | 23 | 14 | 64.3% | | Sold | 2 | 2 | 0% | 2 | 2 | 0% | 42 | 35 | 20% | | Pended | 2 | 1 | 100% | 2 | 3 | -33.3% | 47 | 46 | 2.2% |
April 2024 was a Neutral market**
Home For Sale in April 2024 was 23 units. It was down 11.5% compared to last month and up 27.8% compared to last year.
Home Closed in April 2024 was 5 units. It was down 75% compared to last month and down 61.5% compared to last year.
Home Placed under Contract in April 2024 was 11 units. It was down 21.4% compared to last month and down 15.4% 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. 2023 - Apr. 2024)
|
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Apr. 24 | Mar. 24 | % Change | Apr. 24 | Apr. 23 | % Change | Feb. 24 to Apr. 24 | Feb. 23 to Apr. 23 | % Change | | Avg. Sq. Ft. Price (Sold) | 423 | 500 | -15.4% | 423 | 539 | -21.5% | 494 | 472 | 4.7% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 5/1/24 - 5/11/24 | 4/1/24 - 4/11/24 | % Change | 5/1/24 - 5/11/24 | 5/1/23 - 5/11/23 | % Change | 1/1/24 - 5/11/24 | 1/1/23 - 5/11/23 | % Change | | Avg. Sq. Ft. Price (Sold) | 533 | 505 | 5.5% | 533 | 344 | 54.9% | 510 | 480 | 6.3% |
April 2024 Average Sold Price per Square Footage was Depreciating**
Average Sold Price per Square Footage in April 2024 was $423. It was down 15.4% compared to last month and down 21.5% compared to last year.
**Based on 6 month trend - Appreciating/Depreciating/Neutral.
|
|
Avg Days On Market & SP/Orig LP % (Feb. 2023 - Apr. 2024)
|
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Apr. 24 | Mar. 24 | % Change | Apr. 24 | Apr. 23 | % Change | Feb. 24 to Apr. 24 | Feb. 23 to Apr. 23 | % Change | | Avg Days on Market | 68 | 45 | 51.1% | 68 | 27 | 151.9% | 47 | 33 | 42.4% | | Sold/Orig LP Diff. % | 92 | 88 | 4.5% | 92 | 92 | 0% | 88 | 94 | -6.4% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 5/1/24 - 5/11/24 | 4/1/24 - 4/11/24 | % Change | 5/1/24 - 5/11/24 | 5/1/23 - 5/11/23 | % Change | 1/1/24 - 5/11/24 | 1/1/23 - 5/11/23 | % Change | | Avg Days on Market | 20 | 5 | 300% | 20 | 51 | -60.8% | 46 | 35 | 31.4% | | Sold/Orig LP Diff. % | 78 | 100 | -22% | 78 | 77 | 1.3% | 88 | 92 | -4.3% |
April 2024 Average Days on Market trend Remains Steady**
Average Days on Market in April 2024 was 68. It was up 51.1% compared to last month and up 151.9% compared to last year.
April 2024 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in April 2024 was 92%. It was up 4.5% compared to last month and the same as compared to last year.
**Based on 6 month trend - Rising/Falling/Remains Steady.
|
|
Average Price of For Sale and Sold (Feb. 2023 - Apr. 2024)
|
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Apr. 24 | Mar. 24 | % Change | Apr. 24 | Apr. 23 | % Change | Feb. 24 to Apr. 24 | Feb. 23 to Apr. 23 | % Change | | Avg. Active Price | 1,851 | 1,684 | 9.9% | 1,851 | 1,791 | 3.4% | 1,772 | 1,759 | 0.7% | | Avg. Sold Price | 1,313 | 1,448 | -9.3% | 1,313 | 1,745 | -24.8% | 1,469 | 1,406 | 4.5% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 5/1/24 - 5/11/24 | 4/1/24 - 4/11/24 | % Change | 5/1/24 - 5/11/24 | 5/1/23 - 5/11/23 | % Change | 1/1/24 - 5/11/24 | 1/1/23 - 5/11/23 | % Change | | Avg. Active Price | 2,011 | 1,448 | 38.9% | 2,011 | 1,856 | 8.4% | 2,011 | 1,856 | 8.4% | | Avg. Sold Price | 1,718 | 1,453 | 18.2% | 1,718 | 783 | 119.4% | 1,536 | 1,425 | 7.8% |
April 2024 Average For Sale Price was Neutral**
Average For Sale Price (in thousand) in April 2024 was $1851. It was up 9.9% compared to last month and up 3.4% compared to last year.
April 2024 Average Sold Price was Neutral**
Average Sold Price (in thousand) in April 2024 was $1313. It was down 9.3% compared to last month and down 24.8% compared to last year.
**Based on 6 month trend - Appreciating/Depreciating/Neutral.
|
|
Months of Inventory Based on Closed Sales (Feb. 2023 - Apr. 2024)
|
| Curnt vs. Prev Month | Curnt vs. Same Month 1 Yr Ago | Curnt vs. Same Qtr 1 Yr Ago | | Apr. 24 | Mar. 24 | % Change | Apr. 24 | Apr. 23 | % Change | Feb. 24 to Apr. 24 | Feb. 23 to Apr. 23 | % Change | | Months of Inventory (Closed Sales) | 4.6 | 1.3 | 253.8% | 4.6 | 1.4 | 231.1% | 2.1 | 2 | 5% |
| TODAY’S STATS | | Current vs. Prev MTD | Current vs. Same MTD 1 Yr Ago | Current vs. Prev YTD | | 5/1/24 - 5/11/24 | 4/1/24 - 4/11/24 | % Change | 5/1/24 - 5/11/24 | 5/1/23 - 5/11/23 | % Change | 1/1/24 - 5/11/24 | 1/1/23 - 5/11/23 | % Change | | Months of Inventory (Closed Sales) | 4.1 | 5 | -18.2% | 4.1 | 2.5 | 64.4% | 2.3 | 1.7 | 35.2% |
April 2024 was a Neutral market**
Months of Inventory based on Closed Sales in April 2024 was 4.6. It was up 253.8% compared to last month and up 231.1% 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 | 2/23 | 3/23 | 4/23 | 5/23 | 6/23 | 7/23 | 8/23 | 9/23 | 10/23 | 11/23 | 12/23 | 1/24 | 2/24 | 3/24 | 4/24 | | For Sale | 13 | 22 | 18 | 14 | 17 | 21 | 18 | 23 | 24 | 29 | 32 | 27 | 31 | 26 | 23 | | New Listing | 12 | 14 | 10 | 7 | 10 | 13 | 8 | 12 | 12 | 17 | 8 | 9 | 18 | 14 | 12 | | Sold | 2 | 12 | 13 | 12 | 8 | 3 | 8 | 12 | 4 | 5 | 9 | 7 | 8 | 20 | 5 | | Pended | 14 | 6 | 13 | 7 | 6 | 6 | 7 | 7 | 6 | 8 | 8 | 11 | 10 | 14 | 11 | | Months of Inventory (Closed Sales) | 6.5 | 1.8 | 1.4 | 1.2 | 2.1 | 7 | 2.3 | 1.9 | 6 | 5.8 | 3.6 | 3.9 | 3.9 | 1.3 | 4.6 | | Months of Inventory (Pended Sales) | 0.9 | 3.7 | 1.4 | 2 | 2.8 | 3.5 | 2.6 | 3.3 | 4 | 3.6 | 4 | 2.5 | 3.1 | 1.9 | 2.1 | | Absorption Rate (Closed Sales) % | 15.4 | 54.5 | 72.2 | 85.7 | 47.1 | 14.3 | 44.4 | 52.2 | 16.7 | 17.2 | 28.1 | 25.9 | 25.8 | 76.9 | 21.7 | | Absorption Rate (Pended Sales) % | 107.7 | 27.3 | 72.2 | 50 | 35.3 | 28.6 | 38.9 | 30.4 | 25 | 27.6 | 25 | 40.7 | 32.3 | 53.8 | 47.8 | | Avg. Active Price | 1,732 | 1,748 | 1,791 | 1,856 | 1,653 | 1,798 | 1,688 | 1,840 | 1,751 | 1,952 | 2,072 | 1,897 | 1,787 | 1,684 | 1,851 | | Avg. Sold Price | 825 | 1,135 | 1,745 | 1,732 | 1,249 | 1,892 | 1,645 | 1,414 | 1,054 | 1,193 | 1,256 | 1,799 | 1,618 | 1,448 | 1,313 | | Avg. Sq. Ft. Price (Sold) | 284 | 431 | 539 | 574 | 472 | 511 | 559 | 478 | 425 | 484 | 448 | 577 | 522 | 500 | 423 | | Sold/List Diff. % | 89 | 99 | 93 | 91 | 98 | 96 | 96 | 95 | 94 | 89 | 93 | 91 | 94 | 93 | 99 | | Sold/Orig LP Diff. % | 89 | 96 | 92 | 87 | 93 | 96 | 92 | 94 | 93 | 88 | 89 | 90 | 87 | 88 | 92 | | Avg Days on Market | 12 | 43 | 27 | 47 | 20 | 27 | 46 | 16 | 52 | 40 | 63 | 49 | 40 | 45 | 68 | | Median Active Price | 1,800 | 1,432 | 1,722 | 1,685 | 1,499 | 1,450 | 1,475 | 1,400 | 1,400 | 1,649 | 1,600 | 1,395 | 1,275 | 1,248 | 1,245 | | Median Sold Price | 825 | 1,038 | 1,550 | 1,030 | 1,035 | 1,875 | 1,560 | 1,283 | 848 | 1,273 | 1,250 | 1,400 | 1,350 | 1,312 | 1,300 |
|
|
If your email program is not displaying the chart graphs properly, please click on the following link which will take you to a web page that contains the graphs: Show Chart
*All reports are published May 2024, based on data available at the end of April 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.
|
|
|
|