Quarterly Market Report for Royal Palm Beach – 2015 Q1

Royal Palm Beach
Royal Palm Beach’s real estate market showed a downtick in the total available inventory this quarter when compared to the previous quarter. There were a total of 163 closings this quarter, and March was the most active month with 69 closings for a $ 13.9M dollar value. Closings in Royal Palm Beach were lower in Q1 in comparison to last quarter. Moreover, closings this quarter were lower in comparison to the same time last year. January saw the most houses put on the market with 55 new listings listed. Overall, listings were higher this quarter in comparison to last quarter and are lower from the same time last year.

The following is a table of statistics analyzing changes in the Royal Palm Beach real estate market, in addition to some graphs of the data over time.

This Quarter vs. Last quarter vs. Last Year
Total Inventory 371 -6% 397 1% 365
New Listings 183 2% 178 -4% 191
Avg List  $ 228.4k 9%  $  208.6k 11%  $  204.3k
Closings 163 -22% 209 -12% 186
Avg Closing  $ 193.2k -4%  $ 202.4k -2%  $ 199k
Avg DOM 103 10% 93 4% 99
$/sq. ft  $ 90.33 —-  $ 89.75 2%  $ 87.96

 

Royal Palm Beach 2015 Q1 Market Report

 

Royal Palm Beach 2015 Market Report - $/sq. ft.

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