BallenIsles Real Estate Trends - BallenIslesHomes.com

BallenIsles Real Estate Trends

Facts and Trends TM

Published December 2024*

Location:   Area 5300
Price Range:   $800,000 - No Limit
SQFT Range:   1800 - 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
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Prepared for you by: Laura Cole & Tana Gaskill


Number of Homes For Sale vs. Sold vs. Pended (Sep. 2023 - Nov. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Nov. 24 Oct. 24 % Change Nov. 24 Nov. 23 % Change Sep. 24 to Nov. 24 Sep. 23 to Nov. 23 % Change
For Sale 11 15 -26.7% down 11 25 -56% down 11 25 -56% down
Sold 1 3 -66.7% down 1 5 -80% down 5 18 -72.2% down
Pended 6 4 50% up 6 3 100% up 14 16 -12.5% down

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  12/1/24 - 12/12/24 11/1/24 - 11/12/24 % Change 12/1/24 - 12/12/24 12/1/23 - 12/12/23 % Change 1/1/24 - 12/12/24 1/1/23 - 12/12/23 % Change
For Sale 9 13 -30.8% down 9 28 -67.9% down 9 28 -67.9% down
Sold 5 1 400% up 5 1 400% up 72 69 4.3% up
Pended 4 2 100% up 4 3 33.3% up 76 74 2.7% up


November 2024 was a Buyer's market**
Home For Sale in November 2024 was 11 units. It was down 26.7% compared to last month and down 56% compared to last year.
Home Closed in November 2024 was 1 units. It was down 66.7% compared to last month and down 80% compared to last year.
Home Placed under Contract in November 2024 was 6 units. It was up 50% 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) (Sep. 2023 - Nov. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Nov. 24 Oct. 24 % Change Nov. 24 Nov. 23 % Change Sep. 24 to Nov. 24 Sep. 23 to Nov. 23 % Change
Avg. Sq. Ft. Price (Sold) 594 411 44.5% up 594 484 22.7% up 517 487 6.2% up

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  12/1/24 - 12/12/24 11/1/24 - 11/12/24 % Change 12/1/24 - 12/12/24 12/1/23 - 12/12/23 % Change 1/1/24 - 12/12/24 1/1/23 - 12/12/23 % Change
Avg. Sq. Ft. Price (Sold) 500 594 -15.8% down 500 779 -35.8% down 545 538 1.3% up


November 2024 Average Sold Price per Square Footage was Neutral**
Average Sold Price per Square Footage in November 2024 was $594. It was up 44.5% compared to last month and up 22.7% compared to last year.

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


Avg Days On Market & SP/Orig LP % (Sep. 2023 - Nov. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Nov. 24 Oct. 24 % Change Nov. 24 Nov. 23 % Change Sep. 24 to Nov. 24 Sep. 23 to Nov. 23 % Change
Avg Days on Market 8 16 -50% down 8 40 -80% down 35 30 16.7% up
Sold/Orig LP Diff. % 76 93 -18.3% down 76 88 -13.6% down 88 92 -4.3% down

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  12/1/24 - 12/12/24 11/1/24 - 11/12/24 % Change 12/1/24 - 12/12/24 12/1/23 - 12/12/23 % Change 1/1/24 - 12/12/24 1/1/23 - 12/12/23 % Change
Avg Days on Market 60 8 650% up 60 77 -22.1% down 44 37 18.9% up
Sold/Orig LP Diff. % 80 76 5.3% up 80 96 -16.7% down 87 92 -5.4% down


November 2024 Average Days on Market trend was Falling**
Average Days on Market in November 2024 was 8. It was down 50% compared to last month and down 80% compared to last year.

November 2024 Sold/Original List Price Ratio was Falling**
Sold/Original List Price % in November 2024 was 76%. It was down 18.3% compared to last month and down 13.6% compared to last year.

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


Average Price of For Sale and Sold (Sep. 2023 - Nov. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Nov. 24 Oct. 24 % Change Nov. 24 Nov. 23 % Change Sep. 24 to Nov. 24 Sep. 23 to Nov. 23 % Change
Avg. Active Price 2,532 2,153 17.6% up 2,532 2,141 18.3% up 2,073 2,041 1.6% up
Avg. Sold Price 1,828 1,088 68% up 1,828 1,193 53.2% up 1,528 1,391 9.8% up

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  12/1/24 - 12/12/24 11/1/24 - 11/12/24 % Change 12/1/24 - 12/12/24 12/1/23 - 12/12/23 % Change 1/1/24 - 12/12/24 1/1/23 - 12/12/23 % Change
Avg. Active Price 2,686 2,383 12.7% up 2,686 2,259 18.9% up 2,686 2,259 18.9% up
Avg. Sold Price 1,431 1,828 -21.7% down 1,431 2,850 -49.8% down 1,714 1,678 2.1% up


November 2024 Average For Sale Price was Appreciating**
Average For Sale Price (in thousand) in November 2024 was $2532. It was up 17.6% compared to last month and up 18.3% compared to last year.

November 2024 Average Sold Price was Neutral**
Average Sold Price (in thousand) in November 2024 was $1828. It was up 68% compared to last month and up 53.2% compared to last year.

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


Months of Inventory Based on Closed Sales (Sep. 2023 - Nov. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Nov. 24 Oct. 24 % Change Nov. 24 Nov. 23 % Change Sep. 24 to Nov. 24 Sep. 23 to Nov. 23 % Change
Months of Inventory (Closed Sales) 11 5 120% up 11 5 120% up 6.6 4.2 57.6% up

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  12/1/24 - 12/12/24 11/1/24 - 11/12/24 % Change 12/1/24 - 12/12/24 12/1/23 - 12/12/23 % Change 1/1/24 - 12/12/24 1/1/23 - 12/12/23 % Change
Months of Inventory (Closed Sales) 0.7 5.2 -86.5% down 0.7 10.8 -93.2% down 1.4 4.5 -68.2% down


November 2024 was a Buyer's market**
Months of Inventory based on Closed Sales in November 2024 was 11. It was up 120% compared to last month and up 120% 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 9/23 10/23 11/23 12/23 1/24 2/24 3/24 4/24 5/24 6/24 7/24 8/24 9/24 10/24 11/24
For Sale 20 20 25 28 20 24 20 16 17 12 11 14 15 15 11
New Listing 12 10 14 7 7 15 11 10 7 1 9 7 6 4 5
Sold 10 3 5 6 5 7 18 5 6 5 10 6 1 3 1
Pended 7 6 3 8 11 7 12 8 7 3 6 4 4 4 6
Months of Inventory (Closed Sales) 2 6.7 5 4.7 4 3.4 1.1 3.2 2.8 2.4 1.1 2.3 15 5 11
Months of Inventory (Pended Sales) 2.9 3.3 8.3 3.5 1.8 3.4 1.7 2 2.4 4 1.8 3.5 3.8 3.8 1.8
Absorption Rate (Closed Sales) % 50 15 20 21.4 25 29.2 90 31.3 35.3 41.7 90.9 42.9 6.7 20 9.1
Absorption Rate (Pended Sales) % 35 30 12 28.6 55 29.2 60 50 41.2 25 54.5 28.6 26.7 26.7 54.5
Avg. Active Price 2,004 1,952 2,141 2,259 2,295 2,085 1,964 2,322 2,226 2,448 1,805 1,827 1,656 2,153 2,532
Avg. Sold Price 1,558 1,165 1,193 1,513 2,241 1,739 1,526 1,313 1,677 1,997 1,557 2,591 2,550 1,088 1,828
Avg. Sq. Ft. Price (Sold) 500 451 484 507 616 536 516 423 561 601 562 610 758 411 594
Sold/List Diff. % 95 95 89 92 90 94 92 99 86 92 94 90 91 93 76
Sold/Orig LP Diff. % 93 94 88 88 90 87 88 92 83 87 92 84 85 93 76
Avg Days on Market 18 53 40 90 41 41 32 68 39 49 35 77 117 16 8
Median Active Price 1,600 1,700 1,750 1,968 2,145 1,400 1,350 2,265 1,590 2,224 1,599 1,200 1,300 1,498 2,295
Median Sold Price 1,385 865 1,273 1,268 1,700 1,625 1,348 1,300 1,100 2,150 1,275 2,777 2,550 1,165 1,828

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*All reports are published December 2024, based on data available at the end of November 2024, except for the today’s 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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