BallenIsles Real Estate Trends

 

 
Facts and Trends TM

Published January 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 (Oct. 2018 - Dec. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 19 Nov. 19 % Change Dec. 19 Dec. 18 % Change Oct. 19 to Dec. 19 Oct. 18 to Dec. 18 % Change 1/1/2020 - 1/13/2020 12/1/2019 - 12/13/2019 % Change
For Sale 77 77 0%     77 88 -12.5% 77 88 -12.5% 77 74 4.1%
Sold 5 5 0%     5 6 -16.7% 18 20 -10% 3 3 0%    
Pended 5 7 -28.6% 5 7 -28.6% 23 23 0%     1 2 -50%

December 2019 is a Buyer's market**
Home For Sale in December 2019 is 77 units. It is the same as compared to last month and down 12.5% compared to last year.
Home Closed in December 2019 is 5 units. It is the same as compared to last month and down 16.7% compared to last year.
Home Placed under Contract in December 2019 is 5 units. It is down 28.6% compared to last month and down 28.6% 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) (Oct. 2018 - Dec. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 19 Nov. 19 % Change Dec. 19 Dec. 18 % Change Oct. 19 to Dec. 19 Oct. 18 to Dec. 18 % Change 1/1/2020 - 1/13/2020 12/1/2019 - 12/13/2019 % Change
Avg. Sq. Ft. Price (Sold) 215 175 22.9% 215 179 20.1% 201.67 212.6 -5.1% 147 209 -29.7%

December 2019 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in December 2019 is $215. It is up 22.9% compared to last month and up 20.1% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 19 Nov. 19 % Change Dec. 19 Dec. 18 % Change Oct. 19 to Dec. 19 Oct. 18 to Dec. 18 % Change 1/1/2020 - 1/13/2020 12/1/2019 - 12/13/2019 % Change
Avg Days on Market 53 95 -44.2% 53 149 -64.4% 119 130 -8.5% 161 85 89.4%
Sold/Orig LP Diff. % 93 89 4.5% 93 85 9.4% 85 88 -3.4% 80 90 -11.1%

December 2019 Average Days on Market trend Remains Steady**
Average Days on Market in December 2019 is 53. It is down 44.2% compared to last month and down 64.4% compared to last year.

December 2019 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in December 2019 is 93%. It is up 4.5% compared to last month and up 9.4% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 19 Nov. 19 % Change Dec. 19 Dec. 18 % Change Oct. 19 to Dec. 19 Oct. 18 to Dec. 18 % Change 1/1/2020 - 1/13/2020 12/1/2019 - 12/13/2019 % Change
Avg. Active Price 728 693 5.1% 728 800 -9% 696 834 -16.5% 685 719 -4.7%
Avg. Sold Price 508 422 20.4% 508 459 10.7% 551 577 -4.5% 319 537 -40.6%

December 2019 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in December 2019 is $728. It is up 5.1% compared to last month and down 9% compared to last year.

December 2019 Average Sold Price is Neutral**
Average Sold Price (in thousand) in December 2019 is $508. It is up 20.4% compared to last month and up 10.7% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Dec. 19 Nov. 19 % Change Dec. 19 Dec. 18 % Change Oct. 19 to Dec. 19 Oct. 18 to Dec. 18 % Change 1/1/2020 - 1/13/2020 12/1/2019 - 12/13/2019 % Change
Months of Inventory (Closed Sales) 15.4 15.4 0%     15.4 14.7 4.8% 13 11.5 13% 25.7 24.7 4.1%

December 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in December 2019 is 15.4. It is the same as compared to last month and up 4.8% 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 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 11/19 12/19
For Sale 74 65 88 88 85 85 85 77 60 57 56 60 66 77 77
New Listing 20 14 17 22 16 23 14 9 6 19 10 13 23 16 11
Sold 7 7 6 8 9 15 11 5 11 8 8 5 8 5 5
Pended 8 8 7 13 12 8 10 10 6 10 3 7 11 7 5
Months of Inventory (Closed Sales) 10.6 9.3 14.7 11 9.4 5.7 7.7 15.4 5.5 7.1 7 12 8.3 15.4 15.4
Months of Inventory (Pended Sales) 9.3 8.1 12.6 6.8 7.1 10.6 8.5 7.7 10 5.7 18.7 8.6 6 11 15.4
Absorption Rate (Closed Sales) % 9.5 10.8 6.8 9.1 10.6 17.6 12.9 6.5 18.3 14 14.3 8.3 12.1 6.5 6.5
Absorption Rate (Pended Sales) % 10.8 12.3 8 14.8 14.1 9.4 11.8 13 10 17.5 5.4 11.7 16.7 9.1 6.5
Avg. Active Price 803 917 800 775 762 740 761 770 795 798 795 702 663 693 728
Avg. Sold Price 739 517 459 566 749 587 649 742 536 873 498 556 658 422 508
Avg. Sq. Ft. Price (Sold) 260 194 179 206 220 188 215 231 204 264 173 199 210 175 215
Sold/List Diff. % 89 95 93 94 86 89 91 88 90 93 89 91 88 93 95
Sold/Orig LP Diff. % 85 93 85 91 85 83 83 82 87 90 85 89 77 89 93
Avg Days on Market 82 163 149 77 99 136 119 118 100 64 125 67 175 95 53
Median Sold Price 550 358 430 549 525 420 550 650 479 502 425 520 588 380 500

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 January 2020, based on data available at the end of December 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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