Facts and Trends TM

Published November 2018*

Location:   Area 5300
Price Range:   $200,000 - No Limit
SQFT Range:   1600 - No Limit
Property Types:   Single Family Homes - 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 (Aug. 2017 - Oct. 2018)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Oct. 18Sep. 18% ChangeOct. 18Oct. 17% ChangeAug. 18 to Oct. 18Aug. 17 to Oct. 17% Change11/1/2018 - 11/10/201810/1/2018 - 10/10/2018% Change
For Sale615413% 6163-3.2% 6163-3.2% 63588.6%
Sold7475% 73133.3% 1924-20.8% 03-100%
Pended45-20% 46-33.3% 16160%    03-100%


October 2018 is a Buyer's market**
Home For Sale in October 2018 is 61 units. It is up 13% compared to last month and down 3.2% compared to last year.
Home Closed in October 2018 is 7 units. It is up 75% compared to last month and up 133.3% compared to last year.
Home Placed under Contract in October 2018 is 4 units. It is down 20% compared to last month and down 33.3% 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.


Average Price per SQFT (Sold) (Aug. 2017 - Oct. 2018)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Oct. 18Sep. 18% ChangeOct. 18Oct. 17% ChangeAug. 18 to Oct. 18Aug. 17 to Oct. 17% Change11/1/2018 - 11/10/201810/1/2018 - 10/10/2018% Change
Avg. Sq. Ft. Price (Sold)26022117.6% 26018143.6% 239.58210.3813.9% 0197-100%


October 2018 Average Sold Price per Square Footage is Appreciating**
Average Sold Price per Square Footage in October 2018 is $260. It is up 17.6% compared to last month and up 43.6% compared to last year.

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


Avg Days On Market & SP/Orig LP % (Aug. 2017 - Oct. 2018)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Oct. 18Sep. 18% ChangeOct. 18Oct. 17% ChangeAug. 18 to Oct. 18Aug. 17 to Oct. 17% Change11/1/2018 - 11/10/201810/1/2018 - 10/10/2018% Change
Avg Days on Market829811.1% 82146-43.8% 65109-40.4% 010-100%
Sold/Orig LP Diff. %8587-2.3% 85806.3% 89854.7% 093-100%


October 2018 Average Days on Market trend Remains Steady**
Average Days on Market in October 2018 is 82. It is up 811.1% compared to last month and down 43.8% compared to last year.

October 2018 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in October 2018 is 85%. It is down 2.3% compared to last month and up 6.3% compared to last year.

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


Average Price of For Sale and Sold (Aug. 2017 - Oct. 2018)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Oct. 18Sep. 18% ChangeOct. 18Oct. 17% ChangeAug. 18 to Oct. 18Aug. 17 to Oct. 17% Change11/1/2018 - 11/10/201810/1/2018 - 10/10/2018% Change
Avg. Active Price842852-1.2% 8428015.1% 84876011.6% 822830-1%
Avg. Sold Price73958326.8% 73955533.2% 7046537.8% 0493-100%


October 2018 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in October 2018 is $842. It is down 1.2% compared to last month and up 5.1% compared to last year.

October 2018 Average Sold Price is Appreciating**
Average Sold Price (in thousand) in October 2018 is $739. It is up 26.8% compared to last month and up 33.2% compared to last year.

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


Months of Inventory Based on Closed Sales (Aug. 2017 - Oct. 2018)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Oct. 18Sep. 18% ChangeOct. 18Oct. 17% ChangeAug. 18 to Oct. 18Aug. 17 to Oct. 17% Change11/1/2018 - 11/10/201810/1/2018 - 10/10/2018% Change
Months of Inventory (Closed Sales)8.713.5-35.6% 8.721-58.6% 9.211.1-17.2% 6319.3226%


October 2018 is a Buyer's market**
Months of Inventory based on Closed Sales in October 2018 is 8.7. It is down 35.6% compared to last month and down 58.6% 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.


Date8/179/1710/1711/1712/171/182/183/184/185/186/187/188/189/1810/18
For Sale586263656575696467635443445461
New Listing16151491028181091419132114
Sold138352837151643847
Pended916351013124972754
Months of Inventory (Closed Sales)4.57.8211332.59.4239.14.53.913.514.35.513.58.7
Months of Inventory (Pended Sales)6.46210.521.7137.55.35.316.877.721.56.310.815.3
Absorption Rate (Closed Sales) %22.412.94.87.73.110.74.310.922.425.47.4718.27.411.5
Absorption Rate (Pended Sales) %15.51.69.54.67.713.318.818.8614.3134.715.99.36.6
Avg. Active Price709766801735763763759793777815832864852852842
Avg. Sold Price739549555803465535469747698567485480735583739
Avg. Sq. Ft. Price (Sold)218209181259190204180250238191176190231221260
Sold/List Diff. %849687959891899494929190968789
Sold/Orig LP Diff. %829280929388869392858284948785
Avg Days on Market114861461349913451686213612114679982
Median Sold Price500520450510465387488447650505493431614520550

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*All reports are published November 2018, based on data available at the end of October 2018, 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.