West Palm Beach Quarterly Market Review – 2015 Q1

West Palm Beach
West Palm Beach’s real estate market showed an increase in available inventory this quarter relative to the previous. There were a total of 1223 closings this quarter, and March was the most active month with 502 closings for a $ 107M dollar value. Closings in West Palm Beach were higher in Q1 with regards to last quarter. In addition, closings this quarter were higher with regards to the same time last year. January saw the most houses put on the market with 517 new properties added. Overall, listings were up this quarter when compared to last quarter and are down from the same time last year.

The following is a table of statistics detailing changes in the West Palm Beach real estate market, and also some charts of this information over time.

This Quarter vs. Last quarter vs. Last Year
Total Inventory 2,890 6% 2,713 2% 2,831
New Listings 1,338 15% 1,162 -1% 1,362
Avg List  $ 243.6k 18%  $  204.7k 30%  $  186.8k
Closings 1,223 3% 1,186 9% 1,112
Avg Closing  $ 189.7k 5%  $ 179k 12%  $ 168.5k
Avg DOM 121 —- 121 -1% 123
$/sq. ft  $ 108.61 4%  $ 103.65 9%  $ 99.06

 

West Palm Beach 2015 Q1 Market Report

 

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

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