BallenIsles Real Estate Trends

Facts and Trends TM

Published June 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 (Mar. 2018 - May. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 19 Apr. 19 % Change May. 19 May. 18 % Change Mar. 19 to May. 19 Mar. 18 to May. 18 % Change 6/1/2019 - 6/8/2019 5/1/2019 - 5/8/2019 % Change
For Sale 65 75 -13.3% 65 66 -1.5% 65 66 -1.5% 54 68 -20.6%
Sold 4 11 -63.6% 4 16 -75% 27 38 -28.9% 1 1 0%    

May 2019 is a Buyer's market**
Home For Sale in May 2019 is 65 units. It is down 13.3% compared to last month and down 1.5% compared to last year.
Home Closed in May 2019 is 4 units. It is down 63.6% compared to last month and down 75% 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) (Mar. 2018 - May. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 19 Apr. 19 % Change May. 19 May. 18 % Change Mar. 19 to May. 19 Mar. 18 to May. 18 % Change 6/1/2019 - 6/8/2019 5/1/2019 - 5/8/2019 % Change
Avg. Sq. Ft. Price (Sold) 239 215 11.2% 239 191 25.1% 209.67 220.42 -4.9% 291 173 68.2%

May 2019 Average Sold Price per Square Footage is Appreciating**
Average Sold Price per Square Footage in May 2019 is $239. It is up 11.2% compared to last month and up 25.1% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 19 Apr. 19 % Change May. 19 May. 18 % Change Mar. 19 to May. 19 Mar. 18 to May. 18 % Change 6/1/2019 - 6/8/2019 5/1/2019 - 5/8/2019 % Change
Avg Days on Market 127 119 6.7% 127 136 -6.6% 129 94 37.2% 5 71 -93%
Sold/Orig LP Diff. % 80 83 -3.6% 80 85 -5.9% 83 89 -6.7% 97 86 12.8%

May 2019 Average Days on Market trend Remains Steady**
Average Days on Market in May 2019 is 127. It is up 6.7% compared to last month and down 6.6% compared to last year.

May 2019 Sold/Original List Price Ratio is Falling**
Sold/Original List Price % in May 2019 is 80%. It is down 3.6% compared to last month and down 5.9% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 19 Apr. 19 % Change May. 19 May. 18 % Change Mar. 19 to May. 19 Mar. 18 to May. 18 % Change 6/1/2019 - 6/8/2019 5/1/2019 - 5/8/2019 % Change
Avg. Active Price 848 816 3.9% 848 819 3.5% 816 798 2.3% 870 801 8.6%
Avg. Sold Price 813 649 25.3% 813 567 43.4% 676 652 3.7% 775 385 101.3%

May 2019 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in May 2019 is $848. It is up 3.9% compared to last month and up 3.5% compared to last year.

May 2019 Average Sold Price is Appreciating**
Average Sold Price (in thousand) in May 2019 is $813. It is up 25.3% compared to last month and up 43.4% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  May. 19 Apr. 19 % Change May. 19 May. 18 % Change Mar. 19 to May. 19 Mar. 18 to May. 18 % Change 6/1/2019 - 6/8/2019 5/1/2019 - 5/8/2019 % Change
Months of Inventory (Closed Sales) 16.3 6.8 139.3% 16.3 4.1 295.8% 9.8 6.1 60.9% 54 68 -20.6%

May 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in May 2019 is 16.3. It is up 139.3% compared to last month and up 295.8% 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.



Date 3/18 4/18 5/18 6/18 7/18 8/18 9/18 10/18 11/18 12/18 1/19 2/19 3/19 4/19 5/19
For Sale 67 68 66 58 45 46 57 63 61 76 81 75 76 75 65
New Listing 11 10 14 3 9 13 23 14 14 14 21 12 22 12 7
Sold 7 15 16 4 3 9 4 7 4 6 8 6 12 11 4
Pended 12 5 9 7 3 7 5 5 8 7 7 11 7 9 6
Months of Inventory (Closed Sales) 9.6 4.5 4.1 14.5 15 5.1 14.3 9 15.3 12.7 10.1 12.5 6.3 6.8 16.3
Months of Inventory (Pended Sales) 5.6 13.6 7.3 8.3 15 6.6 11.4 12.6 7.6 10.9 11.6 6.8 10.9 8.3 10.8
Absorption Rate (Closed Sales) % 10.4 22.1 24.2 6.9 6.7 19.6 7 11.1 6.6 7.9 9.9 8 15.8 14.7 6.2
Absorption Rate (Pended Sales) % 17.9 7.4 13.6 12.1 6.7 15.2 8.8 7.9 13.1 9.2 8.6 14.7 9.2 12 9.2
Avg. Active Price 799 776 819 828 854 842 891 880 950 869 809 816 788 816 848
Avg. Sold Price 747 698 567 485 480 697 583 739 707 459 566 971 655 649 813
Avg. Sq. Ft. Price (Sold) 250 238 191 176 190 218 221 260 231 179 206 236 195 215 239
Sold/List Diff. % 94 94 92 91 90 96 87 89 94 93 94 85 89 91 87
Sold/Orig LP Diff. % 93 92 85 82 84 94 87 85 94 85 91 83 83 83 80
Avg Days on Market 68 62 136 121 146 72 9 82 211 149 77 105 138 119 127
Median Sold Price 447 650 505 493 431 485 520 550 585 430 549 676 520 550 820

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