BallenIsles Real Estate Trends - BallenIslesHomes.com

BallenIsles Real Estate Trends

Facts and Trends TM

Published August 2024*

Location:   Area 5300
Price Range:   $650,000 - 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
logo

Prepared for you by: Laura Cole & Tana Gaskill


Number of Homes For Sale vs. Sold vs. Pended (May. 2023 - Jul. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 24 Jun. 24 % Change Jul. 24 Jul. 23 % Change May. 24 to Jul. 24 May. 23 to Jul. 23 % Change
For Sale 16 15 6.7% up 16 19 -15.8% down 16 19 -15.8% down
Sold 11 7 57.1% up 11 3 266.7% up 26 23 13% up
Pended 6 3 100% up 6 6 0%     19 19 0%    

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/24 - 8/7/24 7/1/24 - 7/7/24 % Change 8/1/24 - 8/7/24 8/1/23 - 8/7/23 % Change 1/1/24 - 8/7/24 1/1/23 - 8/7/23 % Change
For Sale 17 17 0%     17 16 6.3% up 17 16 6.3% up
Sold 0 1 -100% down 0 2 -100% down 65 57 14% up
Pended 2 1 100% up 2 1 100% up 64 62 3.2% up


July 2024 was a Seller's market**
Home For Sale in July 2024 was 16 units. It was up 6.7% compared to last month and down 15.8% compared to last year.
Home Closed in July 2024 was 11 units. It was up 57.1% compared to last month and up 266.7% compared to last year.
Home Placed under Contract in July 2024 was 6 units. It was up 100% compared to last month and the same as 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) (May. 2023 - Jul. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 24 Jun. 24 % Change Jul. 24 Jul. 23 % Change May. 24 to Jul. 24 May. 23 to Jul. 23 % Change
Avg. Sq. Ft. Price (Sold) 543 533 1.9% up 543 511 6.3% up 532 530 0.4% up

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/24 - 8/7/24 7/1/24 - 7/7/24 % Change 8/1/24 - 8/7/24 8/1/23 - 8/7/23 % Change 1/1/24 - 8/7/24 1/1/23 - 8/7/23 % Change
Avg. Sq. Ft. Price (Sold) 0 469 -100% down 0 444 -100% down 519 505 2.8% up


July 2024 Average Sold Price per Square Footage was Appreciating**
Average Sold Price per Square Footage in July 2024 was $543. It was up 1.9% compared to last month and up 6.3% compared to last year.

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


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



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 24 Jun. 24 % Change Jul. 24 Jul. 23 % Change May. 24 to Jul. 24 May. 23 to Jul. 23 % Change
Avg Days on Market 37 88 -58% down 37 27 37% up 50 35 42.9% up
Sold/Orig LP Diff. % 91 85 7.1% up 91 96 -5.2% down 87 90 -3.3% down

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/24 - 8/7/24 7/1/24 - 7/7/24 % Change 8/1/24 - 8/7/24 8/1/23 - 8/7/23 % Change 1/1/24 - 8/7/24 1/1/23 - 8/7/23 % Change
Avg Days on Market 0 0 N/A     0 56 -100% down 47 35 34.3% up
Sold/Orig LP Diff. % 0 96 -100% down 0 98 -100% down 88 92 -4.3% down


July 2024 Average Days on Market trend Remains Steady**
Average Days on Market in July 2024 was 37. It was down 58% compared to last month and up 37% compared to last year.

July 2024 Sold/Original List Price Ratio Remains Steady**
Sold/Original List Price % in July 2024 was 91%. It was up 7.1% compared to last month and down 5.2% compared to last year.

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


Average Price of For Sale and Sold (May. 2023 - Jul. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 24 Jun. 24 % Change Jul. 24 Jul. 23 % Change May. 24 to Jul. 24 May. 23 to Jul. 23 % Change
Avg. Active Price 1,477 2,109 -30% down 1,477 1,906 -22.5% down 1,893 1,849 2.4% up
Avg. Sold Price 1,482 1,614 -8.2% down 1,482 1,892 -21.7% down 1,503 1,585 -5.2% down

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/24 - 8/7/24 7/1/24 - 7/7/24 % Change 8/1/24 - 8/7/24 8/1/23 - 8/7/23 % Change 1/1/24 - 8/7/24 1/1/23 - 8/7/23 % Change
Avg. Active Price 1,436 1,768 -18.8% down 1,436 1,806 -20.5% down 1,436 1,806 -20.5% down
Avg. Sold Price 0 1,350 -100% down 0 1,200 -100% down 1,531 1,518 0.9% up


July 2024 Average For Sale Price was Neutral**
Average For Sale Price (in thousand) in July 2024 was $1477. It was down 30% compared to last month and down 22.5% compared to last year.

July 2024 Average Sold Price was Neutral**
Average Sold Price (in thousand) in July 2024 was $1482. It was down 8.2% compared to last month and down 21.7% compared to last year.

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


Months of Inventory Based on Closed Sales (May. 2023 - Jul. 2024)



  Curnt vs. Prev Month Curnt vs. Same Month 1 Yr Ago Curnt vs. Same Qtr 1 Yr Ago
  Jul. 24 Jun. 24 % Change Jul. 24 Jul. 23 % Change May. 24 to Jul. 24 May. 23 to Jul. 23 % Change
Months of Inventory (Closed Sales) 1.5 2.1 -28% down 1.5 6.3 -75.8% down 1.8 2.5 -28.2% down

  TODAY’S STATS
  Current vs. Prev MTD Current vs. Same MTD 1 Yr Ago Current vs. Prev YTD
  8/1/24 - 8/7/24 7/1/24 - 7/7/24 % Change 8/1/24 - 8/7/24 8/1/23 - 8/7/23 % Change 1/1/24 - 8/7/24 1/1/23 - 8/7/23 % Change
Months of Inventory (Closed Sales) 0 3.8 -99% down 0 1.8 -99.6% down 1.9 2 -5% down


July 2024 was a Seller's market**
Months of Inventory based on Closed Sales in July 2024 was 1.5. It was down 28% compared to last month and down 75.8% 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 5/23 6/23 7/23 8/23 9/23 10/23 11/23 12/23 1/24 2/24 3/24 4/24 5/24 6/24 7/24
For Sale 14 15 19 16 21 22 28 31 26 29 24 21 19 15 16
New Listing 7 8 13 8 12 12 17 8 9 15 14 11 8 2 11
Sold 12 8 3 8 12 4 5 9 6 8 20 5 8 7 11
Pended 7 6 6 7 7 6 7 8 11 9 14 9 10 3 6
Months of Inventory (Closed Sales) 1.2 1.9 6.3 2 1.8 5.5 5.6 3.4 4.3 3.6 1.2 4.2 2.4 2.1 1.5
Months of Inventory (Pended Sales) 2 2.5 3.2 2.3 3 3.7 4 3.9 2.4 3.2 1.7 2.3 1.9 5 2.7
Absorption Rate (Closed Sales) % 85.7 53.3 15.8 50 57.1 18.2 17.9 29 23.1 27.6 83.3 23.8 42.1 46.7 68.8
Absorption Rate (Pended Sales) % 50 40 31.6 43.8 33.3 27.3 25 25.8 42.3 31 58.3 42.9 52.6 20 37.5
Avg. Active Price 1,856 1,770 1,906 1,806 1,947 1,845 1,995 2,115 1,943 1,857 1,758 1,952 2,073 2,109 1,477
Avg. Sold Price 1,732 1,249 1,892 1,645 1,414 1,054 1,193 1,256 1,991 1,618 1,448 1,313 1,436 1,614 1,482
Avg. Sq. Ft. Price (Sold) 574 472 511 559 478 425 484 448 595 522 500 423 516 533 543
Sold/List Diff. % 91 98 96 96 95 94 89 93 91 94 93 99 86 92 94
Sold/Orig LP Diff. % 87 93 96 92 94 93 88 89 90 87 88 92 84 85 91
Avg Days on Market 47 20 27 46 16 52 40 63 34 40 45 68 33 88 37
Median Active Price 1,685 1,500 1,499 1,600 1,499 1,625 1,649 1,600 1,497 1,295 1,295 1,590 1,449 1,600 1,024
Median Sold Price 1,030 1,035 1,875 1,560 1,283 848 1,273 1,250 1,550 1,350 1,312 1,300 977 1,150 1,200

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 August 2024, based on data available at the end of July 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.

You are here: Home Real Estate Trends

companylogos

A Better Way to Buy and Sell BallenIsles Homes

This is a one-stop real estate website for all your home buying and selling needs in BallenIsles Homes.

Contact us if you'd like more information on finding your dream home or preparing to sell your home.

Address

ipre-white-transparent-background

2725 PGA Blvd
Palm Beach Gardens, FL 33410
(561) 776-4429
(561) 776-4444
Email Us

rmls logo smThe data relating to real estate for sale on this website comes in part from the Internet Data Display program of Regional MLS Inc. In which Illustrated Properties participates. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. This information is not verified for authenticity or accuracy and is not guaranteed. © 1998 – 2014 Regional Multiple Listing Service, Inc.

equal-housing-logo Fair Housing and Equal Opportunity

 

 

ballenisleshomes.com puts property listings for all of the area homes for sale on a single location for your needs, especially for BallenIsles Homes. In Palm Beach Gardens, FL we offer BallenIsles Homes and other homes in golf club communities. Simply search to see our database of BallenIsles real estate listings, BallenIsles houses for sale and other BallenIsles real estate property currently available. So whether you're looking for BallenIsles real estate or another club membership details along with property listings, stop looking because you have found ballenisleshomes.com.

 

Every BallenIsles property listing provides details about the property you are interested in so you have a good idea of what amenities are included and what BallenIsles memberships are available.

 

Copyright © 2024 BallenIslesHomes.com. All Rights Reserved.
Hosted and Powered By Regionalidx.com