BallenIsles Real Estate Trends

Facts and Trends TM

Published May 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 (Feb. 2017 - Apr. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 18 Mar. 18 % Change Apr. 18 Apr. 17 % Change Feb. 18 to Apr. 18 Feb. 17 to Apr. 17 % Change 5/1/2018 - 5/7/2018 4/1/2018 - 4/7/2018 % Change
For Sale 67 64 4.7% 67 74 -9.5% 67 74 -9.5% 64 63 1.6%
Sold 14 7 100% 14 14 0%     24 26 -7.7% 4 4 0%    
Pended 4 10 -60% 4 12 -66.7% 27 37 -27% 0 3 -100%

April 2018 is a Neutral market**
Home For Sale in April 2018 is 67 units. It is up 4.7% compared to last month and down 9.5% compared to last year.
Home Closed in April 2018 is 14 units. It is up 100% compared to last month and the same as compared to last year.
Home Placed under Contract in April 2018 is 4 units. It is down 60% compared to last month and down 66.7% 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.



Average Price per SQFT (Sold) (Feb. 2017 - Apr. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 18 Mar. 18 % Change Apr. 18 Apr. 17 % Change Feb. 18 to Apr. 18 Feb. 17 to Apr. 17 % Change 5/1/2018 - 5/7/2018 4/1/2018 - 4/7/2018 % Change
Avg. Sq. Ft. Price (Sold) 239 250 -4.4% 239 230 3.9% 234.83 219.38 7% 199 217 -8.3%

April 2018 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in April 2018 is $239. It is down 4.4% compared to last month and up 3.9% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 18 Mar. 18 % Change Apr. 18 Apr. 17 % Change Feb. 18 to Apr. 18 Feb. 17 to Apr. 17 % Change 5/1/2018 - 5/7/2018 4/1/2018 - 4/7/2018 % Change
Avg Days on Market 64 68 -5.9% 64 197 -67.5% 64 158 -59.5% 110 74 48.6%
Sold/Orig LP Diff. % 92 93 -1.1% 92 86 7% 92 87 5.7% 82 91 -9.9%

April 2018 Average Days on Market trend Remains Steady**
Average Days on Market in April 2018 is 64. It is down 5.9% compared to last month and down 67.5% compared to last year.

April 2018 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in April 2018 is 92%. It is down 1.1% compared to last month and up 7% compared to last year.

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



Average Price of For Sale and Sold (Feb. 2017 - Apr. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 18 Mar. 18 % Change Apr. 18 Apr. 17 % Change Feb. 18 to Apr. 18 Feb. 17 to Apr. 17 % Change 5/1/2018 - 5/7/2018 4/1/2018 - 4/7/2018 % Change
Avg. Active Price 777 793 -2% 777 841 -7.6% 776 850 -8.7% 787 794 0.9%
Avg. Sold Price 701 747 -6.2% 701 670 4.6% 685 628 9.1% 624 551 13.2%

April 2018 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in April 2018 is $777. It is down 2% compared to last month and down 7.6% compared to last year.

April 2018 Average Sold Price is Neutral**
Average Sold Price (in thousand) in April 2018 is $701. It is down 6.2% compared to last month and up 4.6% compared to last year.

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



Months of Inventory Based on Closed Sales (Feb. 2017 - Apr. 2018)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 18 Mar. 18 % Change Apr. 18 Apr. 17 % Change Feb. 18 to Apr. 18 Feb. 17 to Apr. 17 % Change 5/1/2018 - 5/7/2018 4/1/2018 - 4/7/2018 % Change
Months of Inventory (Closed Sales) 4.8 9.1 -47% 4.8 5.3 -9.5% 12.3 10.7 15% 16 15.8 1.3%

April 2018 is a Neutral market**
Months of Inventory based on Closed Sales in April 2018 is 4.8. It is down 47% compared to last month and down 9.5% 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 2/17 3/17 4/17 5/17 6/17 7/17 8/17 9/17 10/17 11/17 12/17 1/18 2/18 3/18 4/18
For Sale 77 83 74 69 65 65 58 62 63 65 65 75 69 64 67
New Listing 14 18 15 10 13 9 16 15 14 9 10 28 18 10 9
Sold 6 6 14 6 13 5 13 8 3 5 2 8 3 7 14
Pended 11 14 12 5 9 4 9 1 6 3 5 10 13 10 4
Months of Inventory (Closed Sales) 12.8 13.8 5.3 11.5 5 13 4.5 7.8 21 13 32.5 9.4 23 9.1 4.8
Months of Inventory (Pended Sales) 7 5.9 6.2 13.8 7.2 16.3 6.4 62 10.5 21.7 13 7.5 5.3 6.4 16.8
Absorption Rate (Closed Sales) % 7.8 7.2 18.9 8.7 20 7.7 22.4 12.9 4.8 7.7 3.1 10.7 4.3 10.9 20.9
Absorption Rate (Pended Sales) % 14.3 16.9 16.2 7.2 13.8 6.2 15.5 1.6 9.5 4.6 7.7 13.3 18.8 15.6 6
Avg. Active Price 860 848 841 844 783 806 709 766 801 735 763 763 759 793 777
Avg. Sold Price 593 563 670 944 1023 573 739 549 555 803 465 535 469 747 701
Avg. Sq. Ft. Price (Sold) 206 208 230 280 260 209 218 209 181 259 190 204 180 250 239
Sold/List Diff. % 92 93 92 89 91 93 84 96 87 95 98 91 89 94 94
Sold/Orig LP Diff. % 91 84 86 84 85 89 82 92 80 92 93 88 86 93 92
Avg Days on Market 66 158 197 55 95 111 114 86 146 134 99 134 51 68 64
Median Sold Price 476 535 450 1024 650 465 500 520 450 510 465 387 488 447 653

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 2018, based on data available at the end of April 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.
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