BallenIsles Real Estate Trends

 

 
Facts and Trends TM

Published November 2019*

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 (Aug. 2018 - Oct. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 19 Sep. 19 % Change Oct. 19 Oct. 18 % Change Aug. 19 to Oct. 19 Aug. 18 to Oct. 18 % Change 11/1/2019 - 11/11/2019 10/1/2019 - 10/11/2019 % Change
For Sale 66 60 10% 66 74 -10.8% 66 74 -10.8% 72 65 10.8%
Sold 7 5 40% 7 7 0%     20 21 -4.8% 2 4 -50%
Pended 9 7 28.6% 9 8 12.5% 19 21 -9.5% 1 2 -50%

October 2019 is a Buyer's market**
Home For Sale in October 2019 is 66 units. It is up 10% compared to last month and down 10.8% compared to last year.
Home Closed in October 2019 is 7 units. It is up 40% compared to last month and the same as compared to last year.
Home Placed under Contract in October 2019 is 9 units. It is up 28.6% compared to last month and up 12.5% 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.



Average Price per SQFT (Sold) (Aug. 2018 - Oct. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 19 Sep. 19 % Change Oct. 19 Oct. 18 % Change Aug. 19 to Oct. 19 Aug. 18 to Oct. 18 % Change 11/1/2019 - 11/11/2019 10/1/2019 - 10/11/2019 % Change
Avg. Sq. Ft. Price (Sold) 218 199 9.5% 218 260 -16.2% 195.25 230.19 -15.2% 206 239 -13.8%

October 2019 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in October 2019 is $218. It is up 9.5% compared to last month and down 16.2% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 19 Sep. 19 % Change Oct. 19 Oct. 18 % Change Aug. 19 to Oct. 19 Aug. 18 to Oct. 18 % Change 11/1/2019 - 11/11/2019 10/1/2019 - 10/11/2019 % Change
Avg Days on Market 163 67 143.3% 163 82 98.8% 124 60 106.7% 120 163 -26.4%
Sold/Orig LP Diff. % 77 89 -13.5% 77 85 -9.4% 83 90 -7.8% 91 81 12.3%

October 2019 Average Days on Market trend is Rising**
Average Days on Market in October 2019 is 163. It is up 143.3% compared to last month and up 98.8% compared to last year.

October 2019 Sold/Original List Price Ratio is Falling**
Sold/Original List Price % in October 2019 is 77%. It is down 13.5% compared to last month and down 9.4% compared to last year.

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



Average Price of For Sale and Sold (Aug. 2018 - Oct. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 19 Sep. 19 % Change Oct. 19 Oct. 18 % Change Aug. 19 to Oct. 19 Aug. 18 to Oct. 18 % Change 11/1/2019 - 11/11/2019 10/1/2019 - 10/11/2019 % Change
Avg. Active Price 663 702 -5.6% 663 803 -17.4% 716 797 -10.2% 699 661 5.7%
Avg. Sold Price 667 556 20% 667 739 -9.7% 572 668 -14.4% 555 627 -11.5%

October 2019 Average For Sale Price is Depreciating**
Average For Sale Price (in thousand) in October 2019 is $663. It is down 5.6% compared to last month and down 17.4% compared to last year.

October 2019 Average Sold Price is Neutral**
Average Sold Price (in thousand) in October 2019 is $667. It is up 20% compared to last month and down 9.7% compared to last year.

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



Months of Inventory Based on Closed Sales (Aug. 2018 - Oct. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Oct. 19 Sep. 19 % Change Oct. 19 Oct. 18 % Change Aug. 19 to Oct. 19 Aug. 18 to Oct. 18 % Change 11/1/2019 - 11/11/2019 10/1/2019 - 10/11/2019 % Change
Months of Inventory (Closed Sales) 9.4 12 -21.7% 9.4 10.6 -11.4% 9.5 10.9 -12.8% 36 16.3 121.2%

October 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in October 2019 is 9.4. It is down 21.7% compared to last month and down 11.4% 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 8/18 9/18 10/18 11/18 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19
For Sale 55 67 74 65 88 88 85 85 85 77 60 57 56 60 66
New Listing 16 23 20 14 17 22 16 23 14 9 6 19 10 13 23
Sold 10 4 7 7 6 8 9 15 11 5 11 8 8 5 7
Pended 7 6 8 8 7 13 12 8 10 10 6 10 3 7 9
Months of Inventory (Closed Sales) 5.5 16.8 10.6 9.3 14.7 11 9.4 5.7 7.7 15.4 5.5 7.1 7 12 9.4
Months of Inventory (Pended Sales) 7.9 11.2 9.3 8.1 12.6 6.8 7.1 10.6 8.5 7.7 10 5.7 18.7 8.6 7.3
Absorption Rate (Closed Sales) % 18.2 6 9.5 10.8 6.8 9.1 10.6 17.6 12.9 6.5 18.3 14 14.3 8.3 10.6
Absorption Rate (Pended Sales) % 12.7 9 10.8 12.3 8 14.8 14.1 9.4 11.8 13 10 17.5 5.4 11.7 13.6
Avg. Active Price 768 815 803 917 800 775 762 740 761 770 795 798 795 702 663
Avg. Sold Price 652 583 739 517 459 566 749 587 649 742 536 873 498 556 667
Avg. Sq. Ft. Price (Sold) 213 221 260 194 179 206 220 188 215 231 204 264 173 199 218
Sold/List Diff. % 96 87 89 95 93 94 86 89 91 88 90 93 89 91 88
Sold/Orig LP Diff. % 94 87 85 93 85 91 85 83 83 82 87 90 85 89 77
Avg Days on Market 65 9 82 163 149 77 99 136 119 118 100 64 125 67 163
Median Sold Price 437 520 550 358 430 549 525 420 550 650 479 502 425 520 575

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 November 2019, based on data available at the end of October 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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