BallenIsles Real Estate Trends

 
Facts and Trends TM

Published March 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 (Dec. 2018 - Feb. 2020)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 20 Jan. 20 % Change Feb. 20 Feb. 19 % Change Dec. 19 to Feb. 20 Dec. 18 to Feb. 19 % Change 3/1/2020 - 3/7/2020 2/1/2020 - 2/7/2020 % Change
For Sale 71 77 -7.8% 71 85 -16.5% 71 85 -16.5% 69 77 -10.4%
Sold 9 9 0%     9 9 0%     25 23 8.7% 2 1 100%
Pended 10 11 -9.1% 10 12 -16.7% 26 32 -18.7% 1 3 -66.7%

February 2020 is a Buyer's market**
Home For Sale in February 2020 is 71 units. It is down 7.8% compared to last month and down 16.5% compared to last year.
Home Closed in February 2020 is 9 units. It is the same as compared to last month and the same as compared to last year.
Home Placed under Contract in February 2020 is 10 units. It is down 9.1% compared to last month and down 16.7% 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) (Dec. 2018 - Feb. 2020)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 20 Jan. 20 % Change Feb. 20 Feb. 19 % Change Dec. 19 to Feb. 20 Dec. 18 to Feb. 19 % Change 3/1/2020 - 3/7/2020 2/1/2020 - 2/7/2020 % Change
Avg. Sq. Ft. Price (Sold) 210 178 18% 210 220 -4.5% 196.24 204.43 -4% 189 156 21.2%

February 2020 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in February 2020 is $210. It is up 18% compared to last month and down 4.5% compared to last year.

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



Avg Days On Market & SP/Orig LP % (Dec. 2018 - Feb. 2020)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 20 Jan. 20 % Change Feb. 20 Feb. 19 % Change Dec. 19 to Feb. 20 Dec. 18 to Feb. 19 % Change 3/1/2020 - 3/7/2020 2/1/2020 - 2/7/2020 % Change
Avg Days on Market 187 91 105.5% 187 99 88.9% 113 104 8.7% 48 296 -83.8%
Sold/Orig LP Diff. % 87 88 -1.1% 87 85 2.4% 89 87 2.3% 95 77 23.4%

February 2020 Average Days on Market trend Remains Steady**
Average Days on Market in February 2020 is 187. It is up 105.5% compared to last month and up 88.9% compared to last year.

February 2020 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in February 2020 is 87%. It is down 1.1% compared to last month and up 2.4% compared to last year.

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



Average Price of For Sale and Sold (Dec. 2018 - Feb. 2020)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 20 Jan. 20 % Change Feb. 20 Feb. 19 % Change Dec. 19 to Feb. 20 Dec. 18 to Feb. 19 % Change 3/1/2020 - 3/7/2020 2/1/2020 - 2/7/2020 % Change
Avg. Active Price 711 709 0.3% 711 762 -6.7% 716 779 -8.1% 710 711 0.1%
Avg. Sold Price 600 459 30.7% 600 749 -19.9% 514 610 -15.7% 430 499 -13.8%

February 2020 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in February 2020 is $711. It is up 0.3% compared to last month and down 6.7% compared to last year.

February 2020 Average Sold Price is Neutral**
Average Sold Price (in thousand) in February 2020 is $600. It is up 30.7% compared to last month and down 19.9% compared to last year.

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



Months of Inventory Based on Closed Sales (Dec. 2018 - Feb. 2020)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Feb. 20 Jan. 20 % Change Feb. 20 Feb. 19 % Change Dec. 19 to Feb. 20 Dec. 18 to Feb. 19 % Change 3/1/2020 - 3/7/2020 2/1/2020 - 2/7/2020 % Change
Months of Inventory (Closed Sales) 7.9 8.6 -8.2% 7.9 9.4 -15.9% 9.1 11.7 -22.2% 34.5 77 -55.2%

February 2020 is a Buyer's market**
Months of Inventory based on Closed Sales in February 2020 is 7.9. It is down 8.2% compared to last month and down 15.9% 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 12/18 1/19 2/19 3/19 4/19 5/19 6/19 7/19 8/19 9/19 10/19 11/19 12/19 1/20 2/20
For Sale 88 88 85 85 85 77 60 57 56 60 66 77 77 77 71
New Listing 17 22 16 23 14 9 6 19 10 13 23 16 11 24 12
Sold 6 8 9 15 11 5 11 8 8 5 8 5 7 9 9
Pended 7 13 12 8 10 10 6 10 3 7 11 9 5 11 10
Months of Inventory (Closed Sales) 14.7 11 9.4 5.7 7.7 15.4 5.5 7.1 7 12 8.3 15.4 11 8.6 7.9
Months of Inventory (Pended Sales) 12.6 6.8 7.1 10.6 8.5 7.7 10 5.7 18.7 8.6 6 8.6 15.4 7 7.1
Absorption Rate (Closed Sales) % 6.8 9.1 10.6 17.6 12.9 6.5 18.3 14 14.3 8.3 12.1 6.5 9.1 11.7 12.7
Absorption Rate (Pended Sales) % 8 14.8 14.1 9.4 11.8 13 10 17.5 5.4 11.7 16.7 11.7 6.5 14.3 14.1
Avg. Active Price 800 775 762 740 761 770 795 798 795 702 663 693 728 709 711
Avg. Sold Price 459 566 749 587 649 742 536 873 498 556 658 422 474 459 600
Avg. Sq. Ft. Price (Sold) 179 206 220 188 215 231 204 264 173 199 210 175 202 178 210
Sold/List Diff. % 93 94 86 89 91 88 90 93 89 91 88 93 95 92 95
Sold/Orig LP Diff. % 85 91 85 83 83 82 87 90 85 89 77 89 94 88 87
Avg Days on Market 149 77 99 136 119 118 100 64 125 67 175 95 45 91 187
Median Sold Price 430 549 525 420 550 650 479 502 425 520 588 380 452 385 499

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 March 2020, based on data available at the end of February 2020, 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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