BallenIsles Real Estate Trends

Facts and Trends TM

Published May 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 vs. Pended (Feb. 2018 - Apr. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 19 Mar. 19 % Change Apr. 19 Apr. 18 % Change Feb. 19 to Apr. 19 Feb. 18 to Apr. 18 % Change 5/1/2019 - 5/12/2019 4/1/2019 - 4/12/2019 % Change
For Sale 75 76 -1.3% 75 68 10.3% 75 68 10.3% 67 77 -13%
Sold 10 12 -16.7% 10 15 -33.3% 28 25 12% 1 5 -80%
Pended 10 7 42.9% 10 5 100% 28 30 -6.7% 1 4 -75%

April 2019 is a Buyer's market**
Home For Sale in April 2019 is 75 units. It is down 1.3% compared to last month and up 10.3% compared to last year.
Home Closed in April 2019 is 10 units. It is down 16.7% compared to last month and down 33.3% compared to last year.
Home Placed under Contract in April 2019 is 10 units. It is up 42.9% compared to last month and up 100% 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. 2018 - Apr. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 19 Mar. 19 % Change Apr. 19 Apr. 18 % Change Feb. 19 to Apr. 19 Feb. 18 to Apr. 18 % Change 5/1/2019 - 5/12/2019 4/1/2019 - 4/12/2019 % Change
Avg. Sq. Ft. Price (Sold) 216 195 10.8% 216 238 -9.2% 211.29 234.4 -9.9% 173 233 -25.8%

April 2019 Average Sold Price per Square Footage is Neutral**
Average Sold Price per Square Footage in April 2019 is $216. It is up 10.8% compared to last month and down 9.2% compared to last year.

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



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

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 19 Mar. 19 % Change Apr. 19 Apr. 18 % Change Feb. 19 to Apr. 19 Feb. 18 to Apr. 18 % Change 5/1/2019 - 5/12/2019 4/1/2019 - 4/12/2019 % Change
Avg Days on Market 130 138 -5.8% 130 62 109.7% 128 62 106.5% 71 182 -61%
Sold/Orig LP Diff. % 82 83 -1.2% 82 92 -10.9% 83 92 -9.8% 86 79 8.9%

April 2019 Average Days on Market trend Remains Steady**
Average Days on Market in April 2019 is 130. It is down 5.8% compared to last month and up 109.7% compared to last year.

April 2019 Sold/Original List Price Ratio is Falling**
Sold/Original List Price % in April 2019 is 82%. It is down 1.2% compared to last month and down 10.9% compared to last year.

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



Average Price of For Sale and Sold (Feb. 2018 - Apr. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 19 Mar. 19 % Change Apr. 19 Apr. 18 % Change Feb. 19 to Apr. 19 Feb. 18 to Apr. 18 % Change 5/1/2019 - 5/12/2019 4/1/2019 - 4/12/2019 % Change
Avg. Active Price 816 788 3.6% 816 776 5.2% 807 778 3.7% 810 820 -1.2%
Avg. Sold Price 661 655 0.9% 661 698 -5.3% 725 684 6% 385 805 -52.2%

April 2019 Average For Sale Price is Neutral**
Average For Sale Price (in thousand) in April 2019 is $816. It is up 3.6% compared to last month and up 5.2% compared to last year.

April 2019 Average Sold Price is Neutral**
Average Sold Price (in thousand) in April 2019 is $661. It is up 0.9% compared to last month and down 5.3% compared to last year.

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



Months of Inventory Based on Closed Sales (Feb. 2018 - Apr. 2019)

  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago    TODAY STATS
  Apr. 19 Mar. 19 % Change Apr. 19 Apr. 18 % Change Feb. 19 to Apr. 19 Feb. 18 to Apr. 18 % Change 5/1/2019 - 5/12/2019 4/1/2019 - 4/12/2019 % Change
Months of Inventory (Closed Sales) 7.5 6.3 18.9% 7.5 4.5 66.2% 8.8 12.8 -31.2% 67 15.4 335.1%

April 2019 is a Buyer's market**
Months of Inventory based on Closed Sales in April 2019 is 7.5. It is up 18.9% compared to last month and up 66.2% 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 2/18 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
For Sale 73 67 68 66 58 45 46 57 63 61 76 81 75 76 75
New Listing 18 11 10 14 3 9 13 23 14 14 14 21 12 22 12
Sold 3 7 15 16 4 3 9 4 7 4 6 8 6 12 10
Pended 13 12 5 9 7 3 7 5 5 8 7 7 11 7 10
Months of Inventory (Closed Sales) 24.3 9.6 4.5 4.1 14.5 15 5.1 14.3 9 15.3 12.7 10.1 12.5 6.3 7.5
Months of Inventory (Pended Sales) 5.6 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 7.5
Absorption Rate (Closed Sales) % 4.1 10.4 22.1 24.2 6.9 6.7 19.6 7 11.1 6.6 7.9 9.9 8 15.8 13.3
Absorption Rate (Pended Sales) % 17.8 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 13.3
Avg. Active Price 761 799 776 819 828 854 842 891 880 950 869 809 816 788 816
Avg. Sold Price 469 747 698 567 485 480 697 583 739 707 459 566 971 655 661
Avg. Sq. Ft. Price (Sold) 180 250 238 191 176 190 218 221 260 231 179 206 236 195 216
Sold/List Diff. % 89 94 94 92 91 90 96 87 89 94 93 94 85 89 91
Sold/Orig LP Diff. % 86 93 92 85 82 84 94 87 85 94 85 91 83 83 82
Avg Days on Market 51 68 62 136 121 146 72 9 82 211 149 77 105 138 130
Median Sold Price 488 447 650 505 493 431 485 520 550 585 430 549 676 520 555

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 2019, based on data available at the end of April 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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