THE B E A CH TO WN S O F P ALM B EA CH C OU N T Y F LO R I D A August www.luxuryhomemarketing.com
PALM BEACH TOWNS SINGLE-FAMILY HOMES LUXURY INVENTORY VS. SALES JULY Sales Luxury Benchmark Price : 7, 7,,+ 7 6,, - 7,9,999 Total : 9,, - 6,9,999 4,, -,9,999,, - 4,9,999 Total Sales: Buyer's Market Total Sales Ratio : 7%,, -,799,999,, -,9,999 4,, -,799,999,, -,9,999 4,, -,799,999 7,, -,9,999,, -,99,999,, -,99,999 9, - 999,999 7, - 99,999 4 Square Feet Price Beds Baths Sold Sales Ratio -Range- -Sold/- -,999 NA NA NA 9 %, -,499,4, 7 6 %, - 4,999,4, 4 9 %, - 6,499,7, 4 4 7 6% 6, - 7,999 9,, 7 7 %,+,, 4 6 % The luxury threshold price is set in of each year by The Institute for Luxury Home Marketing. Sales Ratio defines market speed and market type: Buyer's = up to 4%; Balanced = to %; Seller's = % plus. If >% MLS data reported previous month s sales exceeded current inventory.
PALM BEACH TOWNS SINGLE-FAMILY HOMES -MONTH LUXURY MARKET TREND 4 Median Sales Price Solds,4,,,,7,,7,,9,,97,,,,,,6,66,7,,47,4,9,,, 9 4 447 46 94 74 6 9 79 6 96 77 9 7 6 9 7 4 6 Jul-7 Aug-7 Sep-7 Oct-7 Nov-7 Dec-7 Jan- Feb- Mar- Apr- May- Jun- Jul- MEDIAN DATA INVENTORY 6 9 VARIANCE: -6 % SOLDS 6 VARIANCE: -6 % SALES PRICE.44m.9m VARIANCE: - % SALE PRICE PER SQFT. 4 44 VARIANCE: - % SALE TO LIST PRICE RATIO 9. % 9. % VARIANCE: % DAYS ON MARKET 7 VARIANCE: -4 % PALM BEACH TOWNS MARKET SUMMARY JULY The Palm Beach Towns single-family luxury market is a Buyer's Market with a 7% Sales Ratio. Homes sold for a median of 9.% of list price in. The most active price band is,,-,799,999, where the sales ratio is %. The median luxury sales price for single-family homes has decreased to,9,. The median days on market for was 7 days, down from in. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Historical data before August 7 does not account for listings taken off the market.
PALM BEACH TOWNS ATTACHED HOMES LUXURY INVENTORY VS. SALES JULY Sales Luxury Benchmark Price : 7,,,+ 9 4,, - 4,999,999 Total : 4,, - 4,499,999,, -,999,999,, -,499,999 9 Total Sales: Buyer's Market Total Sales Ratio : %,, -,999,999,, -,499,999,, -,49,999,7, -,999,999,, -,749,999,, -,499,999,, -,49,999 9, - 999,999 4, - 99,999 7 7, - 799,999 7 Square Feet Price Beds Baths Sold Sales Ratio -Range- -Sold/- -,999,67, 7 4%, -,999,4, %, -,999,, 4 6% 4, - 4,999,, 4 %, -,999 NA NA NA % 6,+ NA NA NA % The luxury threshold price is set in of each year by The Institute for Luxury Home Marketing. Sales Ratio defines market speed and market type: Buyer's = up to 4%; Balanced = to %; Seller's = % plus. If >% MLS data reported previous month s sales exceeded current inventory.
PALM BEACH TOWNS ATTACHED HOMES -MONTH LUXURY MARKET TREND 4 Sale Price Solds,66,,67,,4,,7, 94,,, 9,,66, 94,,76,7,6,,,,6, 6 9 64 66 7 4 9 47 7 7 Jul-7 Aug-7 Sep-7 Oct-7 Nov-7 Dec-7 Jan- Feb- Mar- Apr- May- Jun- Jul- MEDIAN DATA INVENTORY 9 VARIANCE: 47 % SOLDS VARIANCE: - % SALES PRICE.m.6m VARIANCE: % SALE PRICE PER SQFT. 6 6 VARIANCE: - % SALE TO LIST PRICE RATIO 9. % 9.4 % VARIANCE: % DAYS ON MARKET VARIANCE: % PALM BEACH TOWNS MARKET SUMMARY JULY The Palm Beach Towns attached luxury market is a Buyer's Market with a % Sales Ratio. Homes sold for a median of 9.4% of list price in. The most active price band is,,-,49,999, where the sales ratio is 4%. The median luxury sales price for attached homes has increased to,67,. The median days on market for was days, up from in. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Historical data before August 7 does not account for listings taken off the market.