BallenIsles Real Estate Trends

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 Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 20 Jun. 20 % Change Jul. 20 Jul. 19 % Change May. 20 to Jul. 20 May. 19 to Jul. 19 % Change
For Sale 63 58 8.6% 63 57 10.5% 63 57 10.5%
Sold 13 13 0%     13 8 62.5% 33 24 37.5%
Pended 3 14 -78.6% 3 10 -70% 24 26 -7.7%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/20 - 8/6/20 7/1/20 - 7/6/20 % Change 8/1/20 - 8/6/20 8/1/19 - 8/6/19 % Change 1/1/20 - 8/6/20 1/1/19 - 8/6/19 % Change
For Sale 74 59 25.4% 74 56 32.1% 74 56 32.1%
Sold 0 1 -100% 0 1 -100% 67 68 -1.5%
Pended 0 0 N/A     0 0 N/A     58 69 -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 Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 20 Jun. 20 % Change Jul. 20 Jul. 19 % Change May. 20 to Jul. 20 May. 19 to Jul. 19 % Change
Avg. Sq. Ft. Price (Sold) 257 217 18.4% 257 264 -2.7% 237.21 229.63 3.3%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/20 - 8/6/20 7/1/20 - 7/6/20 % Change 8/1/20 - 8/6/20 8/1/19 - 8/6/19 % Change 1/1/20 - 8/6/20 1/1/19 - 8/6/19 % Change
Avg. Sq. Ft. Price (Sold) 0 149 -100% 0 135 -100% 217 214 1.4%

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 Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 20 Jun. 20 % Change Jul. 20 Jul. 19 % Change May. 20 to Jul. 20 May. 19 to Jul. 19 % Change
Avg Days on Market 91 136 -33.1% 91 64 42.2% 112 92 21.7%
Sold/Orig LP Diff. % 89 86 3.5% 89 90 -1.1% 88 87 1.1%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/20 - 8/6/20 7/1/20 - 7/6/20 % Change 8/1/20 - 8/6/20 8/1/19 - 8/6/19 % Change 1/1/20 - 8/6/20 1/1/19 - 8/6/19 % Change
Avg Days on Market 0 17 -100% 0 153 -100% 113 106 6.6%
Sold/Orig LP Diff. % 0 93 -100% 0 82 -100% 88 86 2.3%

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 Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 20 Jun. 20 % Change Jul. 20 Jul. 19 % Change May. 20 to Jul. 20 May. 19 to Jul. 19 % Change
Avg. Active Price 656 679 -3.4% 656 798 -17.8% 671 786 -14.6%
Avg. Sold Price 796 589 35.1% 796 873 -8.8% 703 691 1.7%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/20 - 8/6/20 7/1/20 - 7/6/20 % Change 8/1/20 - 8/6/20 8/1/19 - 8/6/19 % Change 1/1/20 - 8/6/20 1/1/19 - 8/6/19 % Change
Avg. Active Price 649 675 -3.9% 649 795 -18.4% 649 795 -18.4%
Avg. Sold Price 0 325 -100% 0 350 -100% 605 649 -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 Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 20 Jun. 20 % Change Jul. 20 Jul. 19 % Change May. 20 to Jul. 20 May. 19 to Jul. 19 % Change
Months of Inventory (Closed Sales) 4.8 4.5 6.7% 4.8 7.1 -32.3% 6.4 9.3 -31.1%

 

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/20 - 8/6/20 7/1/20 - 7/6/20 % Change 8/1/20 - 8/6/20 8/1/19 - 8/6/19 % Change 1/1/20 - 8/6/20 1/1/19 - 8/6/19 % Change
Months of Inventory (Closed Sales) 0 11.4 -99.8% 0 10.8 -99.6% 7.8 5.8 34.4%

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.



Date 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20 3/20 4/20 5/20 6/20 7/20
For Sale 77 60 57 56 60 66 77 77 77 71 62 61 69 58 63
New Listing 9 6 19 10 13 23 16 11 24 12 11 5 11 12 18
Sold 5 11 8 8 5 8 5 7 9 9 10 5 7 13 13
Pended 10 6 10 3 7 11 9 5 11 11 9 1 7 14 3
Months of Inventory (Closed Sales) 15.4 5.5 7.1 7 12 8.3 15.4 11 8.6 7.9 6.2 12.2 9.9 4.5 4.8
Months of Inventory (Pended Sales) 7.7 10 5.7 18.7 8.6 6 8.6 15.4 7 6.5 6.9 61 9.9 4.1 21
Absorption Rate (Closed Sales) % 6.5 18.3 14 14.3 8.3 12.1 6.5 9.1 11.7 12.7 16.1 8.2 10.1 22.4 20.6
Absorption Rate (Pended Sales) % 13 10 17.5 5.4 11.7 16.7 11.7 6.5 14.3 15.5 14.5 1.6 10.1 24.1 4.8
Avg. Active Price 770 795 798 795 702 663 693 728 709 711 720 720 677 679 656
Avg. Sold Price 742 536 873 498 556 658 422 474 459 600 449 575 744 589 796
Avg. Sq. Ft. Price (Sold) 231 204 264 173 199 210 175 202 178 210 176 231 238 217 257
Sold/List Diff. % 88 90 93 89 91 88 93 95 92 95 93 92 93 91 93
Sold/Orig LP Diff. % 82 87 90 85 89 77 89 94 88 87 88 92 89 86 89
Avg Days on Market 118 100 64 125 67 175 95 45 91 187 109 34 106 136 91
Median Sold Price 650 479 502 425 520 588 380 452 385 499 433 375 525 435 595

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 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.
You are here: Home Real Estate Trends

companylogos

A Better Way to Buy and Sell BallenIsles Homes

This is a one-stop real estate website for all your home buying and selling needs in BallenIsles Homes.

Contact us if you'd like more information on finding your dream home or preparing to sell your home.

Address

ipre-white-transparent-background

2725 PGA Blvd
Palm Beach Gardens, FL 33410
(561) 776-4429
(561) 776-4444
Email Us