Facts and Trends TM

Published August 2019*

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 (May. 2018 - Jul. 2019)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Jul. 19Jun. 19% ChangeJul. 19Jul. 18% ChangeMay. 19 to Jul. 19May. 18 to Jul. 18% Change8/1/2019 - 8/7/20197/1/2019 - 7/7/2019% Change
For Sale50500%    504511.1% 504511.1% 4650-8%
Sold611-45.5% 63100% 2123-8.7% 110%    
Pended7475% 73133.3% 211910.5% 01-100%


July 2019 is a Buyer's market**
Home For Sale in July 2019 is 50 units. It is the same as compared to last month and up 11.1% compared to last year.
Home Closed in July 2019 is 6 units. It is down 45.5% compared to last month and up 100% compared to last year.
Home Placed under Contract in July 2019 is 7 units. It is up 75% compared to last month and up 133.3% 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) (May. 2018 - Jul. 2019)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Jul. 19Jun. 19% ChangeJul. 19Jul. 18% ChangeMay. 19 to Jul. 19May. 18 to Jul. 18% Change8/1/2019 - 8/7/20197/1/2019 - 7/7/2019% Change
Avg. Sq. Ft. Price (Sold)27920436.8% 27919046.8% 232.1188.2623.3% 135219-38.4%


July 2019 Average Sold Price per Square Footage is Appreciating**
Average Sold Price per Square Footage in July 2019 is $279. It is up 36.8% compared to last month and up 46.8% compared to last year.

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


Avg Days On Market & SP/Orig LP % (May. 2018 - Jul. 2019)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Jul. 19Jun. 19% ChangeJul. 19Jul. 18% ChangeMay. 19 to Jul. 19May. 18 to Jul. 18% Change8/1/2019 - 8/7/20197/1/2019 - 7/7/2019% Change
Avg Days on Market79100-21% 79146-45.9% 99135-26.7% 153162-5.6%
Sold/Orig LP Diff. %90873.4% 90847.1% 87843.6% 8293-11.8%


July 2019 Average Days on Market trend is Falling**
Average Days on Market in July 2019 is 79. It is down 21% compared to last month and down 45.9% compared to last year.

July 2019 Sold/Original List Price Ratio is Rising**
Sold/Original List Price % in July 2019 is 90%. It is up 3.4% compared to last month and up 7.1% compared to last year.

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


Average Price of For Sale and Sold (May. 2018 - Jul. 2019)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Jul. 19Jun. 19% ChangeJul. 19Jul. 18% ChangeMay. 19 to Jul. 19May. 18 to Jul. 18% Change8/1/2019 - 8/7/20197/1/2019 - 7/7/2019% Change
Avg. Active Price862881-2.2% 8628540.9% 8628313.7% 8868336.4%
Avg. Sold Price106653698.9% 1066480122.1% 74054136.8% 350585-40.2%


July 2019 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in July 2019 is $862. It is down 2.2% compared to last month and up 0.9% compared to last year.

July 2019 Average Sold Price is Appreciating**
Average Sold Price (in thousand) in July 2019 is $1066. It is up 98.9% compared to last month and up 122.1% compared to last year.

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


Months of Inventory Based on Closed Sales (May. 2018 - Jul. 2019)



Curnt vs. Prev MonthCurnt vs. Same Month 1 Yr AgoCurnt vs. Same Qtr 1 Yr Ago  TODAY STATS
Jul. 19Jun. 19% ChangeJul. 19Jul. 18% ChangeMay. 19 to Jul. 19May. 18 to Jul. 18% Change8/1/2019 - 8/7/20197/1/2019 - 7/7/2019% Change
Months of Inventory (Closed Sales)8.34.583.6% 8.315-44.7% 9.711.2-13.4% 4650-8%


July 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in July 2019 is 8.3. It is up 83.6% compared to last month and down 44.7% 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.


Date5/186/187/188/189/1810/1811/1812/181/192/193/194/195/196/197/19
For Sale665845465763617681757675655050
New Listing14391323141414211222127414
Sold1643947468612114116
Pended973755877117101047
Months of Inventory (Closed Sales)4.114.5155.114.3915.312.710.112.56.36.816.34.58.3
Months of Inventory (Pended Sales)7.38.3156.611.412.67.610.911.66.810.97.56.512.57.1
Absorption Rate (Closed Sales) %24.26.96.719.6711.16.67.99.9815.814.76.22212
Absorption Rate (Pended Sales) %13.612.16.715.28.87.913.19.28.614.79.213.315.4814
Avg. Active Price819828854842891880950869809816788816848881862
Avg. Sold Price5674854806975837397074595669716556498135361066
Avg. Sq. Ft. Price (Sold)191176190218221260231179206236195215239204279
Sold/List Diff. %929190968789949394858991879093
Sold/Orig LP Diff. %858284948785948591838383808790
Avg Days on Market136121146729822111497710513811912710079
Median Sold Price505493431485520550585430549676520550820479626

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*All reports are published August 2019, based on data available at the end of July 2019, 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.