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PALM BEACHPALM BEACHCOUNTYCOUNTY

Residential HousingResidential Housing

Market UpdateMarket Update

Year End 2020Year End 2020

Chris & Amy LosquadroQuantum Realty Advisors, Inc.

www.QuantumRealtyAdvisors.com

Brokerage ● Asset Management ● Advisory

Chris Losquadro, MBA, CPRES

Managing Director / Broker

4440 PGA Boulevard, Suite 308

Palm Beach Gardens, FL 33410

Direct: (561) 624-2680

Email: [email protected]

www.QuantumRealtyAdvisors.com

Dear valued clients, colleagues and friends:

As we close the book on 2020, many real estate industry observers will look back at the

housing market data and see the historic volatility that took place during the year. While a

number of major markets have not recovered to pre-pandemic levels, Palm Beach County is

experiencing housing activity at a level not seen in more than a decade.

Within this update you will find the year-end 2020 housing market information for Palm

Beach County. This includes detailed countywide and city level market statistics for sale

transactions of both single-family homes and condominium / townhouse properties.

The local market started out strong with the number of single-family sale transactions in

January 2020 up by more than 29%. When the market turned at the onset of the COVID

pandemic, April and May saw single-family sale transactions decline by more than 30% and

45% (year-over-year), respectively.

At the end of the third quarter, the market started to change in a meaningful way. Due to pent

up demand as well as in-migration from out-of-state buyers, the month of September marked a

substantial turnaround with monthly sale transactions increasing by more than 20% year-over-

year. That trend has continued throughout the entire fourth quarter as the number of housing

transactions across all types of homes have exceeded their 2019 results.

With the rollout of a COVID vaccine and the possibility of an improving economic

environment, it’s anticipated that these sales trends will continue during 2021. It should be

noted, however, that the current inventory level is extraordinarily low. While this can derail the

continued gain in the number of sales transactions, it will maintain the growth in home values

(barring any significant outlying events).

Thank you for allowing us to continue to service your real estate needs. If you have any

questions on the market data, Amy and I would be very happy to discuss.

Sincerely,

Chris Losquadro

Contents

• About Quantum

• Our Services

• Strategic Partners and Institutional Clients

• Featured Recent Transactions

• State of Florida - Monthly Market Detail for Single-Family

Homes (Year End 2020)

• State of Florida - Monthly Market Detail for Condominiums /

Townhomes (Year End 2020)

• Palm Beach County - Monthly Market Detail for Single-Family

Homes (Year End 2020)

• Palm Beach County - Monthly Market Detail for

Condominiums / Townhomes (Year End 2020)

• Boca Raton - Local Market Update (Year End 2020)

• Boynton Beach - Local Market Update (Year End 2020)

• Delray Beach - Local Market Update (Year End 2020)

• Jupiter - Local Market Update (Year End 2020)

• Lake Worth Beach - Local Market Update (Year End 2020)

• Palm Beach - Local Market Update (Year End 2020)

• Palm Beach Gardens - Local Market Update (Year End 2020)

• Wellington - Local Market Update (Year End 2020)

• West Palm Beach - Local Market Update (Year End 2020)

About Us

Quantum Realty Advisors, Inc. (Quantum) is a full service, family-owned real estate brokerage, asset

management and advisory firm. Since 1998 Quantum has been providing high quality real estate services to

our clients and strategic partners. We specialize in working with attorneys, accountants, asset management

institutions, investment firms and financial institutions in assisting with the real estate needs of their

organization or their clients.

The company was founded by Chris Losquadro who has been in the institutional real

estate industry for more than 25 years. Prior to founding Quantum Realty Advisors, Inc.,

Chris was the Director of Real Estate Asset Management for Capital Asset Research

Corporation, an affiliated company of MBIA, Inc. Before joining Capital Asset, Chris was

an REO Asset Manager for Ocwen Financial Corporation where he performed workouts

and REO disposition of the company's most troubled mortgages and real estate owned

properties.

He has performed real estate services for some of the world’s leading institutions including

John Hancock Real Estate, IBERIABANK, Boston Capital Corporation, PNC Real Estate, Lend Lease Real

Estate Investments, KeyBank and LNR Property Corporation.

Chris holds a Bachelor's of Business Administration (BBA) and a Master's of Business Administration

(MBA) from Florida Atlantic University in Boca Raton, Florida. He has been a licensed real estate broker in

the State of Florida since 1997 and holds the Certified Probate Real Estate Specialists (CPRES) & Certified

Distressed Property Expert (CDPE) designations. Chris is also a member of the state and national Realtor

associations, serves on the Board of Directors of the Palm Beach County Estate Planning Council and the East

Coast Estate Planning Council and is a member of the Palm Beach Tax Institute.

Amy Losquadro leads our team’s Residential & Luxury Home Division and is responsible

for the day-to-day marketing and management of all locally assigned residential and

conventional residential real estate listings. Amy has been in the real estate business since

the 1990's, and has personally completed more than $140,000,000 in transactions. She is

recognized as one of the top real estate agents in the northern Palm Beaches and is a 5-Star

rated agent on Zillow.com.

In addition to representing traditional buyers and sellers, Amy has sold hundreds of

properties for the Federal Home Loan Mortgage Corporation ("Freddie Mac"), JP Morgan

Chase, Sabadell United Bank/IBERIABANK, Bank of America, the Federal Deposit Insurance Corporation

and NationStar Mortgage Corporation.

Amy holds a Bachelor's of Science (BS) from Florida State University in Tallahassee, Florida and has

completed coursework for her Master's of Business Administration (MBA) from Florida Atlantic

University. She is a licensed real estate salesperson in the State of Florida and serves as the Vice-Chairperson

for the foundation of the Women’s Chamber of Commerce of Palm Beach County.

Our Services

Quantum Realty Advisors, Inc. (Quantum) is more than just a traditional real

estate company. Since 1998 our firm has been driven by long-term relationships

and we are proud to state that more than 90% of our business comes from repeat

clients or referrals from existing clients and strategic partners.

We are different from the traditional real estate brokerage company as Quantum

specializes in working with attorneys, accountants, asset management companies,

professional advisors, investment firms and financial institutions with the real

estate needs of their organization or their clients.

Inherited Property and Probate Real Estate

Residential & Luxury Home Sales

Corporate and Business Real Estate

Charitable Gifting of Real Estate

We are committed to changing your expectations of a real estate professional and

operate by one simple principle:

To do what’s right by our clients and strategic partners

With this principle in mind, we are creating a better client experience, providing

the kind of service you may have thought did not exist in the real estate industry.

Learn more about how we can assist you at: www.QuantumRealtyAdvisors.com.

Strategic Partners and Institutional Clients

Chris and Amy Losquadro of Quantum Realty Advisors, Inc. have received recent

property assignments, referrals or worked with clients of behalf of the following firms

and institutions:

• Boyes, Farina & Matwiczyk

• Barner and Barner

• Comiter, Singer, Baseman and Braun

• Downey and McElroy

• Sally Benson, P.A.

• Jones Foster

• KeyBank Private Bank

• Fields and Bachove

• Ceil Schneider Randell P.A.

• VirtualBank Senior Lending

• Haile, Shaw & Pfaffenberger

• IBERIABANK / First Horizon Bank

• Law Offices of Kyle Felty

• Millman Law Group

• Cutter, Chaves, Jospher, Rubin, Forman, Fleisher, Miller PA

• Cohen, Norris, Wolmer, Ray, Telepman & Cohen

• The Fuoco Group

• Hired Hearts

• Nationstar Mortgage Corporation

• The Law Office of Paul Krasker

Featured Recent Transactions

Produced by Florida Realtors® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.

Data released on Friday, January 22, 2021. Next data release is Friday, February 19, 2021.

Year-to-Date 310,378 5.8%

21.0%

21,542 10.0%

Closed Sales

30,478

80 Days

28,117 43.8%

81,822 -44.1%

3.3 -45.5%

Summary Statistics

Closed Sales

Paid in Cash

98.5%

December 2020

$309,000Median Sale Price

Average Sale Price

Dollar Volume

Median Percent of Original

List Price Received

$270,000 14.4%

$14.1 Billion $9.0 Billion 56.7%

$462,033 $356,822 29.5%

December 2019Percent Change

Year-over-Year

7,172 6,182 16.0%

30,478 25,179 21.0%

96.7% 1.9%

19 Days 39 Days -51.3%

December 2020

Median Time to Contract

65 Days

25,426

Median Time to Sale

New Pending Sales

New Listings

Month

23,703

Pending Inventory 40,434

Inventory (Active Listings) 45,749

Months Supply of Inventory 1.8

-18.8%

19,451 30.7%

Percent Change

Year-over-Year

18,298

December 2019 25,179

May 2020 19,622

April 2020 21,403

August 2020 29,495

July 2020 31,392

June 2020 27,646

Economists' note : Closed Sales are one of the simplest—yet most

important—indicators for the residential real estate market. When

comparing Closed Sales across markets of different sizes, we

recommend comparing the percent changes in sales rather than the

number of sales. Closed Sales (and many other market metrics) are

affected by seasonal cycles, so actual trends are more accurately

represented by year-over-year changes (i.e. comparing a month's sales

to the amount of sales in the same month in the previous year), rather

than changes from one month to the next.

November 2020 26,406 22.9%

26.9%

22.0%

October 2020 29,659

September 2020 28,675

22.0%

March 2020 26,611

February 2020 20,693

6.4%

9.1%

17.9%

8.8%

11.5%

-36.2%

-20.7%

1.3%

January 2020

2016 2017 2018 2019 2020

J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D

Monthly Market Detail - December 2020

Florida

Single Family Homes

Closed SalesThe number of sales transactions which closed duringthe month

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Clo

sed

Sal

es



September 2020

Month Cash SalesPercent Change

Year-over-Year

December 2020 7,172 16.0%

November 2020 6,038 14.8%

October 2020 6,584 13.6%

Year-to-Date 68,322 -4.3%

6,351 0.5%

6,175 12.7%

August 2020 6,084 -2.7%

May 2020 3,771 -47.1%

July 2020 6,161 -3.6%

June 2020 5,241 -14.4%

December 2020 23.5% -4.5%

November 2020 22.9% -6.5%

October 2020 22.2% -10.5%

September 2020 21.5% -7.7%

0.4%

August 2020 20.6% -10.8%

July 2020 19.6% -13.7%

June 2020 19.0% -15.2%

May 2020 19.2% -17.2%

April 2020 18.5% -25.7%

Economists' note : This statistic is simply another way of viewing

Cash Sales. The remaining percentages of Closed Sales (i.e. those not

paid fully in cash) each month involved some sort of financing, such as

mortgages, owner/seller financing, assumed loans, etc.

Economists' note : Cash Sales can be a useful indicator of the extent to

which investors are participating in the market. Why? Investors are

far more likely to have the funds to purchase a home available up front,

whereas the typical homebuyer requires a mortgage or some other

form of financing. There are, of course, many possible exceptions, so

this statistic should be interpreted with care.

Year-to-Date 22.0% -9.5%

MonthPercent of Closed

Sales Paid in Cash

Percent Change

Year-over-Year

January 2020 27.8% -5.1%

December 2019

December 2019 6,182 19.3%

February 2020

24.6% -2.0%

March 2020 23.9%

April 2020 3,955 -41.1%

March 2020

5,703 9.5%

January 2020 5,087 11.7%

-5.5%

February 2020 27.6%



0%

10%

20%

30%

40%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

2,000

4,000

6,000

8,000

Cas

h S

ale

s


2016 2017 2018 2019 2020

Florida

Single Family Homes

Cash SalesThe number of Closed Sales during the month in whichbuyers exclusively paid in cash

2016 2017 2018 2019 2020

Cash Sales as a Percentage of Closed SalesThe percentage of Closed Sales during the monthwhich were Cash Sales



Month Median Sale PricePercent Change

Year-over-Year

December 2020 $309,000 14.4%

Year-to-Date $290,000 9.6%

May 2020 $270,000 1.5%

November 2020 $305,000 14.1%

October 2020 $305,000 15.6%

July 2020 $295,000 10.1%

June 2020 $282,000 4.4%

September 2020 $300,000 13.2%

August 2020 $300,000 13.2%

April 2020 $275,000 6.0%

March 2020 $275,000 7.4%

February 2020 $270,000 8.0%

January 2020 $265,000 6.0%

December 2019 $270,000 5.9%

Month Average Sale PricePercent Change

Year-over-Year

December 2020 $462,033 29.5%

November 2020 $432,768 25.9%

October 2020 $428,597 27.2%

September 2020 $418,092 23.0%

7.9%

August 2020 $414,446 22.3%

July 2020 $409,257 14.9%

June 2020 $384,406 8.8%

May 2020 $353,819 -0.3%

April 2020 $362,734 3.0%

15.8%$401,478Year-to-Date

Economists' note : Median Sale Price is our preferred summary

statistic for price activity because, unlike Average Sale Price, Median

Sale Price is not sensitive to high sale prices for small numbers of

homes that may not be characteristic of the market area. Keep in mind

that median price trends over time are not always solely caused by

changes in the general value of local real estate. Median sale price only

reflects the values of the homes that sold each month, and the mix of

the types of homes that sell can change over time.

Economists' note : Usually, we prefer Median Sale Price over Average

Sale Price as a summary statistic for home prices. However, Average

Sale Price does have its uses—particularly when it is analyzed

alongside the Median Sale Price. For one, the relative difference

between the two statistics can provide some insight into the market for

higher-end homes in an area.January 2020 $361,821 6.3%

December 2019 $356,822 7.5%

March 2020 $371,531 8.9%

February 2020 $361,839



$0K

$100K

$200K

$300K

$400K

$500K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

Me

dia

n S

ale

Pri

ce


2016 2017 2018 2019 2020

Florida

Single Family Homes

Median Sale PriceThe median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

2016 2017 2018 2019 2020

Average Sale PriceThe average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)



Month Dollar VolumePercent Change

Year-over-Year

December 2020 $14.1 Billion 56.7%

Year-to-Date $124.6 Billion 22.5%

-36.4%

November 2020 $11.4 Billion 54.6%

October 2020 $12.7 Billion 61.4%

$9.9 Billion 15.9%

September 2020 $12.0 Billion 50.0%

August 2020 $12.2 Billion 33.0%

July 2020 $12.8 Billion 28.2%

June 2020 $10.6 Billion 10.2%

May 2020 $6.9 Billion

December 2020 98.5% 1.9%

November 2020 98.5% 1.9%

October 2020 98.3% 1.7%

September 2020 98.0% 1.3%

0.8%

August 2020 97.8% 1.0%

July 2020 97.5% 0.7%

June 2020 97.3% 0.5%

May 2020 97.3% 0.7%

April 2020 97.4% 1.1%

Economists' note : The Median Percent of Original List Price Received

is useful as an indicator of market recovery, since it typically rises as

buyers realize that the market may be moving away from them and

they need to match the selling price (or better it) in order to get a

contract on the house. This is usually the last measure to indicate a

market has shifted from down to up, so it is what we would call a

lagging indicator.

Economists' note : Dollar Volume is simply the sum of all sale prices

in a given time period, and can quickly be calculated by multiplying

Closed Sales by Average Sale Price. It is a strong indicator of the health

of the real estate industry in a market, and is of particular interest to

real estate professionals, investors, analysts, and government agencies.

Potential home sellers and home buyers, on the other hand, will likely

be better served by paying attention to trends in the two components

of Dollar Volume (i.e. sales and prices) individually.

1.2%97.7%Year-to-Date

MonthMed. Pct. of Orig.

List Price Received

Percent Change

Year-over-Year

January 2020 96.4% 0.7%

December 2019


February 2020

96.7% 0.7%

March 2020 97.1%

April 2020 $7.8 Billion -18.4%

March 2020

$7.5 Billion 17.7%

January 2020 $6.6 Billion 25.3%

0.9%

February 2020 96.8%



0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed

$0

$5 B

$10 B

$15 B

Do

llar

Vo

lum

e


2016 2017 2018 2019 2020

Florida

Single Family Homes

Dollar VolumeThe sum of the sale prices for all sales which closed during the month

2016 2017 2018 2019 2020

Median Percent of Original List Price ReceivedThe median of the sale price (as a percentage of the original list price) across all properties selling during the month



21 Days -47.5%

September 2020 23 Days -41.0%

April 2020 28 Days -34.9%

MonthMedian Time to

Contract

Percent Change

Year-over-Year

December 2020 19 Days -51.3%

31 Days -26.2%Year-to-Date

November 2020 19 Days -50.0%

October 2020

June 2020 43 Days 10.3%

May 2020 32 Days -22.0%

August 2020 29 Days -21.6%

July 2020 38 Days 0.0%

38 Days -22.4%

February 2020 49 Days -9.3%

March 2020

January 2020 44 Days -12.0%


Month Median Time to SalePercent Change

Year-over-Year


-10.7%75 DaysYear-to-Date


October 2020 67 Days -18.3%

-11.0%


August 2020 73 Days -6.4%

July 2020 82 Days 2.5%

June 2020 88 Days 7.3%

May 2020 76 Days -9.5%


Economists' note : Time to Sale is a measure of the length of the home

selling process, calculated as the number of days between the initial

listing of a property and the closing of the sale. Median Time to Sale is

the amount of time the "middle" property selling this month was on

the market. That is, 50% of homes selling this month took less time to

sell, and 50% of homes took more time to sell. Median Time to Sale

gives a more accurate picture than Average Time to Sale, which can be

skewed upward by small numbers of properties taking an abnormally

long time to sell.

Economists' note : Like Time to Sale, Time to Contract is a measure of

the length of the home selling process calculated for sales which closed

during the month. The difference is that Time to Contract measures

the number of days between the initial listing of a property and the

signing of the contract which eventually led to the closing of the sale.

When the gap between Median Time to Contract and Median Time to

Sale grows, it is usually a sign of longer closing times and/or declining

numbers of cash sales.



April 2020 73 Days -13.1%

March 2020 81 Days


J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D0

20

40

60

80

100

120

Me

dia

n T

ime

to

Sa

le

0

10

20

30

40

50

60

Me

dia

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ime

to

C

on

trac

tMonthly Market Detail - December 2020

2016 2017 2018 2019 2020

Florida

Single Family Homes

Median Time to ContractThe median number of days between the listing date and contract date for all Closed Sales during the month

2016 2017 2018 2019 2020

Median Time to SaleThe median number of days between the listing date and closing date for all Closed Sales during the month



Economists' note : New Listings tend to rise in delayed response to

increasing prices, so they are often seen as a lagging indicator of

market health. As prices rise, potential sellers raise their estimations

of value—and in the most recent cycle, rising prices have freed up

many potential sellers who were previously underwater on their

mortgages. Note that in our calculations, we take care to not include

properties that were recently taken off the market and quickly relisted,

since these are not really new listings.

Economists' note : Because of the typical length of time it takes for a

sale to close, economists consider Pending Sales to be a decent

indicator of potential future Closed Sales. It is important to bear in

mind, however, that not all Pending Sales will be closed successfully.

So, the effectiveness of Pending Sales as a future indicator of Closed

Sales is susceptible to changes in market conditions such as the

availability of financing for homebuyers and the inventory of

distressed properties for sale.

Month New Pending SalesPercent Change

Year-over-Year

December 2020 25,426 30.7%


May 2020 31,606 2.3%

November 2020 26,750 16.7%

October 2020 31,248 20.7%

July 2020 33,980 20.3%

June 2020 34,839 23.5%

September 2020 30,829 31.4%

August 2020 32,300 21.5%

April 2020 20,414 -35.1%

March 2020 24,304 -22.6%

February 2020 29,264 12.5%

January 2020 26,940 12.4%

December 2019 19,451 10.2%

Month New ListingsPercent Change

Year-over-Year

December 2020 23,703 10.0%

November 2020 25,956 0.3%

October 2020 32,295 1.6%

September 2020 30,673 12.1%

31,115 -8.7%

April 2020 24,093 -27.2%

December 2019 21,542 4.3%

March 2020 32,218 -3.6%

February 2020 30,288 -2.4%

Year-to-Date 352,557 -2.8%

January 2020 31,629 -6.2%

August 2020 30,282 2.0%

July 2020 31,063 -0.9%

June 2020 29,242 -1.9%

May 2020



0

10,000

20,000

30,000

40,000

Ne

w L

isti

ngs

0

10,000

20,000

30,000

40,000

Pe

nd

ing

Sale

s


2016 2017 2018 2019 2020

Florida

Single Family Homes

New Pending SalesThe number of listed properties that went under contract during the month

2016 2017 2018 2019 2020

New ListingsThe number of properties put onto the market during the month



Economists' note : There are a number of ways to define and calculate

Inventory. Our method is to simply count the number of active listings

on the last day of the month, and hold this number to compare with the

same month the following year. Inventory rises when New Listings are

outpacing the number of listings that go off-market (regardless of

whether they actually sell). Likewise, it falls when New Listings aren't

keeping up with the rate at which homes are going off-market.

Economists' note : MSI is a useful indicator of market conditions. The

benchmark for a balanced market (favoring neither buyer nor seller) is

5.5 months of inventory. Anything higher is traditionally a buyers'

market, and anything lower is a sellers' market. There is no single

accepted way of calculating MSI. A common method is to divide

current Inventory by the most recent month's Closed Sales count, but

this count is a usually poor predictor of future Closed Sales due to

seasonal cycles. To eliminate seasonal effects, we use the 12-month

average of monthly Closed Sales instead.

YTD (Monthly Avg) 3.0 -23.1%

Month Months SupplyPercent Change

Year-over-Year

December 2019 3.3 -17.5%

February 2020 3.3 -23.3%

January 2020 3.4

December 2019 81,822 -12.3%

February 2020 80,997 -19.1%

January 2020 82,983 -16.4%

-20.9%

April 2020 3.4 -17.1%

March 2020 3.4 -19.0%

June 2020 2.8 -28.2%

May 2020 3.3 -17.5%

August 2020 2.3 -36.1%

July 2020 2.5 -34.2%

October 2020 2.1 -41.7%

September 2020 2.2 -38.9%

December 2020 1.8 -45.5%

November 2020 2.0 -42.9%

83,614 -14.0%

June 2020 65,471 -27.4%

May 2020 76,614 -18.3%

April 2020 82,724 -12.9%

March 2020

-37.4%

August 2020 55,464 -35.5%

July 2020 60,021 -32.3%


Month InventoryPercent Change

Year-over-Year

December 2020 45,749 -44.1%

65,812 -27.5%YTD (Monthly Avg)

November 2020 50,000 -41.3%

October 2020 52,709 -39.4%



0.0

1.0

2.0

3.0

4.0

5.0

Mo

nth

s Su

pp

ly o

f In

ven

tory

0

20,000

40,000

60,000

80,000

100,000

120,000

Inve

nto

ry


2016 2017 2018 2019 2020

Florida

Single Family Homes

Inventory (Active Listings)The number of property listings active at the end of the month

2016 2017 2018 2019 2020

Months Supply of InventoryAn estimate of the number of months it will take to deplete the current Inventory given recent sales rates



$600,000 - $999,999 32 Days -63.2%

$1,000,000 or more 62 Days -56.6%









$150,000 - $199,999 14 Days -54.8%

$200,000 - $249,999 16 Days -52.9%

$250,000 - $299,999

$400,000 - $599,999 19 Days -62.0%

16 Days -56.8%

$300,000 - $399,999 18 Days -55.0%

Economists' note: Closed Sales are one of the simplest—yet most









Sale PriceMedian Time to

Contract

Percent Change

Year-over-Year

Less than $50,000 33 Days -2.9%

$1,000,000 or more 1,704 119.3%

$250,000 - $299,999 5,074 25.5%

$300,000 - $399,999 6,646 38.1%

$50,000 - $99,999 22 Days -29.0%

$100,000 - $149,999

$400,000 - $599,999 5,200 52.4%

$600,000 - $999,999 2,428 71.0%

17 Days -39.3%

$150,000 - $199,999 2,914 -17.3%

$200,000 - $249,999 4,882 3.2%

$100,000 - $149,999 1,171 -31.9%

Sale Price Closed SalesPercent Change

Year-over-Year

Less than $50,000 100 -36.3%

$50,000 - $99,999 359 -38.6%

0

20

40

60

80

100

120

140

160

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

Co

ntr

act

December 2019 December 2020

0

20

40

60

80

100

120

140

160

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es


0

1,000

2,000

3,000

4,000

5,000

6,000

7,000


Florida

Single Family Homes

Closed Sales by Sale PriceThe number of sales transactions which closed during the month

Median Time to Contract by Sale PriceThe median number of days between the listing date and contract date for all Closed Sales during the month



$600,000 - $999,999 5,999 -38.4%

$1,000,000 or more 7,395 -29.8%








$150,000 - $199,999 3,272 -53.8%

$200,000 - $249,999 4,740 -53.7%

$250,000 - $299,999 5,919 -44.4%

$300,000 - $399,999 8,360 -42.0%

$400,000 - $599,999 7,855 -43.4%

$50,000 - $99,999 618 -56.5%

$100,000 - $149,999 1,486 -58.4%

Current Listing Price InventoryPercent Change

Year-over-Year

Less than $50,000 105 -65.3%

$600,000 - $999,999 2,030 33.4%

$1,000,000 or more 1,449 27.0%

Economists' note: New Listings tend to rise in delayed response to








$150,000 - $199,999 2,277 -19.1%

$200,000 - $249,999 3,437 -7.9%

$250,000 - $299,999 3,957 17.5%

$300,000 - $399,999 5,259 31.9%

$400,000 - $599,999 4,050 35.0%

$50,000 - $99,999 326 -36.5%

$100,000 - $149,999 860 -35.2%

Initial Listing Price New ListingsPercent Change

Year-over-Year

Less than $50,000 58 -57.7%

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry


0

1,000

2,000

3,000

4,000

5,000

6,000

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs


0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

0

1,000

2,000

3,000

4,000

5,000

6,000


Florida

Single Family Homes

New Listings by Initial Listing PriceThe number of properties put onto the market during the month

Inventory by Current Listing PriceThe number of property listings active at the end of the month

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price



Short Sale

133 169 -21.3%

$220,500 $224,000 -1.6%

Foreclosure/REO

226 601 -62.4%

$241,000 $200,000 20.5%

December 2020 December 2019Percent Change

Year-over-Year

Traditional

30,119 24,409 23.4%

$310,000 $272,500 13.8%

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es

Traditional Foreclosure/REO Short Sale



Monthly Distressed Market - December 2020

FloridaSingle Family Homes

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020












November 2020 11,003 30.2%

30.3%

25.3%

October 2020 12,110


22.3%

March 2020 10,823

February 2020 8,842

4.7%

10.8%

14.5%

10.3%

6.3%

-50.3%

-36.5%

-10.9%

January 2020 7,714

December 2019 9,983

May 2020 6,069

April 2020 7,506

August 2020 11,100

July 2020 11,133

June 2020 8,994

95.2% 0.9%

36 Days 47 Days -23.4%

December 2020


77 Days

11,683

Median Time to Sale

New Pending Sales

New Listings

Month

11,201




-8.3%

8,190 42.6%

Percent Change

Year-over-Year

$202,250 13.7%

$4.3 Billion $2.9 Billion 49.1%

$340,004 $291,223 16.8%


Year-over-Year

5,665 4,774 18.7%

12,752 9,983 27.7%

Summary Statistics

Closed Sales

Paid in Cash

96.1%

December 2020


Average Sale Price

Dollar Volume


List Price Received


27.7%

10,059 11.4%

Closed Sales

12,752

84 Days

12,289 40.5%

51,336 -18.3%

5.3 -20.8%

2016 2017 2018 2019 2020



Florida

Townhouses and Condos


0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

Clo

sed

Sal

es



47.8% -5.7%

March 2020 50.3%

April 2020 3,091 -49.9%

March 2020

4,690 7.9%

January 2020 3,892 5.6%

-4.6%

February 2020 53.0%













Sales Paid in Cash

Percent Change

Year-over-Year

January 2020 50.5% -7.7%

December 2019

December 2019 4,774 15.4%

February 2020

-2.8%

August 2020 42.4% -8.0%

July 2020 42.4% -7.8%

June 2020 43.7% -6.8%

May 2020 42.8% -13.4%

April 2020 41.2% -21.1%

October 2020 44.5% -4.5%

September 2020 42.4% -8.6%

December 2020 44.4% -7.1%

November 2020 44.5% -8.2%

5,440 -0.1%

4,790 14.6%

August 2020 4,709 1.6%

May 2020 2,596 -57.0%

July 2020 4,719 -2.1%

June 2020 3,934 -16.8%

September 2020


Year-over-Year

December 2020 5,665 18.7%

November 2020 4,891 19.3%

October 2020 5,389 24.3%




0%

10%

20%

30%

40%

50%

60%

70%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Cas

h S

ale

s


2016 2017 2018 2019 2020

Florida



2016 2017 2018 2019 2020



















December 2019 $291,223 10.4%

March 2020 $305,436 7.2%

February 2020 $286,927 2.6%

August 2020 $305,675 14.6%

July 2020 $289,973 12.6%

June 2020 $288,635 7.3%

May 2020 $281,694 1.0%

April 2020 $285,961 0.7%

October 2020 $300,806 15.2%

September 2020 $304,461 16.4%

December 2020 $340,004 16.8%

November 2020 $322,947 22.0%

December 2019 $202,250 9.3%


Year-over-Year

February 2020 $200,000 6.7%

January 2020 $200,000 9.6%

April 2020 $209,000 7.7%

March 2020 $210,000 10.8%

$217,500 12.7%

August 2020 $217,500 14.5%

May 2020 $201,472 3.3%

November 2020 $228,000 16.9%

October 2020 $221,000 15.9%

July 2020 $210,000 11.7%

June 2020 $210,000 7.7%

September 2020


Year-over-Year

December 2020 $230,000 13.7%

Year-to-Date $215,000 12.0%



$0K

$100K

$200K

$300K

$400K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

$250K

Me

dia

n S

ale

Pri

ce


2016 2017 2018 2019 2020

Florida



2016 2017 2018 2019 2020




95.2% 0.2%

March 2020 95.5%

April 2020 $2.1 Billion -36.1%

March 2020

$2.5 Billion 13.7%

January 2020 $2.3 Billion 23.1%

0.6%

February 2020 95.2%







lagging indicator.











List Price Received

Percent Change

Year-over-Year

January 2020 95.1% 0.2%

December 2019


February 2020

0.5%

August 2020 95.9% 0.7%

July 2020 95.6% 0.5%

June 2020 95.3% 0.3%

May 2020 95.1% 0.2%

April 2020 95.6% 1.0%

October 2020 96.0% 0.8%

September 2020 96.0% 0.8%

December 2020 96.1% 0.9%

November 2020 96.3% 0.9%

$3.3 Billion 12.2%



July 2020 $3.2 Billion 19.7%

June 2020 $2.6 Billion -4.4%

May 2020 $1.7 Billion -49.8%




Year-over-Year





0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed

$0

$1 B

$2 B

$3 B

$4 B

$5 B

Do

llar

Vo

lum

e


2016 2017 2018 2019 2020

Florida



2016 2017 2018 2019 2020




December 2019 84 Days 3.7%









long time to sell.










January 2020 93 Days 1.1%

April 2020 79 Days -10.2%

March 2020 84 Days -3.4%


August 2020 85 Days -7.6%

July 2020 99 Days 8.8%

June 2020 99 Days 8.8%

May 2020 87 Days -5.4%




Year-over-Year




December 2019 47 Days 6.8%

46 Days -6.1%


March 2020

August 2020 45 Days -13.5%

July 2020 57 Days 11.8%

June 2020 58 Days 11.5%

May 2020 44 Days -15.4%

April 2020 35 Days -31.4%

MonthMedian Time to

Contract

Percent Change

Year-over-Year








20

40

60

80

100

120

Me

dia

n T

ime

to

Sa

le

0

10

20

30

40

50

60

70

Me

dia

n T

ime

to

C

on

trac


2016 2017 2018 2019 2020

Florida



2016 2017 2018 2019 2020





January 2020 15,993 -6.3%

August 2020 13,816 15.1%

July 2020 13,863 15.4%

June 2020 13,447 13.6%

May 2020

December 2019 10,059 -2.8%

March 2020 13,443 -10.4%

February 2020 14,382 -1.7%

13,741 1.8%

April 2020 8,782 -38.5%

October 2020 14,623 3.4%

September 2020 14,285 21.1%

December 2020 11,201 11.4%

November 2020 12,965 4.2%

December 2019 8,190 12.5%


Year-over-Year

February 2020 12,680 13.9%

January 2020 11,598 14.3%

April 2020 5,543 -56.6%

March 2020 8,629 -35.0%

June 2020 12,978 20.0%

September 2020 13,016 43.0%

August 2020 12,713 20.7%

22.4%

October 2020 13,375 29.5%

July 2020 12,780 18.1%


















Year-over-Year

December 2020 11,683 42.6%


May 2020 10,045 -16.8%

November 2020 11,906



0

5,000

10,000

15,000

20,000

Ne

w L

isti

ngs

0

5,000

10,000

15,000

Pe

nd

ing

Sale

s


2016 2017 2018 2019 2020

Florida



2016 2017 2018 2019 2020




November 2020 45,438 -14.5%

October 2020 46,486 -11.8%


Year-over-Year

December 2020 41,927 -18.3%


-7.4%

August 2020 48,156 -5.6%

July 2020 50,073 -4.8%


54,715 -8.5%

June 2020 51,105 -6.0%

May 2020 54,221 -4.3%

April 2020 54,533 -6.9%

March 2020

December 2020 4.2 -20.8%

November 2020 4.7 -16.1%

October 2020 4.9 -10.9%

September 2020 5.1 -3.8%

August 2020 5.3 -1.9%

July 2020 5.6 1.8%

June 2020 5.7 0.0%

May 2020 6.0 1.7%

-12.7%

April 2020 5.7 -6.6%

March 2020 5.5 -12.7%

December 2019 51,336 -8.2%

February 2020 53,259 -13.1%

January 2020 53,503 -11.7%



















Year-over-Year

December 2019 5.3 -8.6%

February 2020 5.4 -15.6%

January 2020 5.5



0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

Mo

nth

s Su

pp

ly o

f In

ven

tory

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000

Inve

nto

ry


2016 2017 2018 2019 2020

Florida



2016 2017 2018 2019 2020




$100,000 - $149,999 1,844 4.7%


Year-over-Year

Less than $50,000 83 -17.0%

$50,000 - $99,999 958 -8.4%

$150,000 - $199,999 2,252 13.6%

$200,000 - $249,999 1,910 26.8%

$50,000 - $99,999 36 Days -14.3%

$100,000 - $149,999

$400,000 - $599,999 1,202 61.3%

$600,000 - $999,999 716 63.5%

29 Days -19.4%











Contract

Percent Change

Year-over-Year

Less than $50,000 28 Days -50.9%

$1,000,000 or more 484 79.9%

$250,000 - $299,999 1,602 44.1%

$300,000 - $399,999 1,701 66.1%









$150,000 - $199,999 34 Days -10.5%

$200,000 - $249,999 30 Days -28.6%

$250,000 - $299,999

$400,000 - $599,999 52 Days -37.3%

32 Days -37.3%

$300,000 - $399,999 35 Days -41.7%

$600,000 - $999,999 71 Days -20.2%

$1,000,000 or more 93 Days -36.7%

0

20

40

60

80

100

120

140

160

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

Co

ntr

act


0

20

40

60

80

100

120

140

160

0

500

1,000

1,500

2,000

2,500

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es


0

500

1,000

1,500

2,000

2,500


Florida







Year-over-Year

Less than $50,000 59 -28.9%

$50,000 - $99,999 809 -12.8%

$100,000 - $149,999 1,566 0.4%









$150,000 - $199,999 1,891 8.5%

$200,000 - $249,999 1,493 14.1%

$250,000 - $299,999 1,376 26.2%

$300,000 - $399,999 1,552 38.6%

$400,000 - $599,999 1,088 11.4%

$600,000 - $999,999 759 19.2%

$1,000,000 or more 608 -0.8%


Year-over-Year

Less than $50,000 205 -42.6%

$50,000 - $99,999 2,700 -13.8%

$100,000 - $149,999 4,498 -12.6%








$150,000 - $199,999 5,324 -16.5%

$200,000 - $249,999 4,501 -18.6%

$250,000 - $299,999 4,128 -22.8%

$300,000 - $399,999 5,652 -22.4%

$400,000 - $599,999 5,627 -21.6%

$600,000 - $999,999 4,409 -19.6%

$1,000,000 or more 4,883 -11.2%

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry


0200400600800

1,0001,2001,4001,6001,8002,000

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs


0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

02004006008001,0001,2001,4001,6001,8002,000


Florida




Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price




Year-over-Year

Traditional

12,662 9,756 29.8%

$230,370 $205,000 12.4%

Foreclosure/REO

72 196 -63.3%

$189,950 $159,750 18.9%

Short Sale

18 31 -41.9%

$171,000 $183,000 -6.6%

$0K

$50K

$100K

$150K

$200K

$250K

Me

dia

n S

ale

Pri

ce

75%

80%

85%

90%

95%

100%

Clo

sed

Sal

es





FloridaTownhouses and Condos

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020




25.6%

1,395 6.9%

Closed Sales

1,784

81 Days

2,003 44.8%

6,162 -42.4%

4.2 -45.2%

Summary Statistics

Closed Sales

Paid in Cash

96.8%

December 2020


Average Sale Price

Dollar Volume


List Price Received

$364,000 16.8%

$1.5 Billion $702.5 Million 117.4%

$855,831 $494,689 73.0%


Year-over-Year

613 464 32.1%

1,784 1,420 25.6%

95.3% 1.6%

28 Days 43 Days -34.9%

December 2020


71 Days

1,663

Median Time to Sale

New Pending Sales

New Listings

Month

1,491




-12.3%

1,209 37.6%

Percent Change

Year-over-Year

1,094

December 2019 1,420

May 2020 991

April 2020 1,191

August 2020 1,814

July 2020 1,940

June 2020 1,478










November 2020 1,533 28.4%

32.8%

28.6%

October 2020 1,818


15.5%

March 2020 1,554

February 2020 1,233

2.2%

12.3%

29.3%

15.8%

9.3%

-47.0%

-30.5%

-12.6%

January 2020

2016 2017 2018 2019 2020



Palm Beach County

Single Family Homes


0

500

1,000

1,500

2,000

2,500

Clo

sed

Sal

es



September 2020


Year-over-Year

December 2020 613 32.1%

November 2020 482 22.3%

October 2020 587 34.9%


510 2.2%

539 34.4%

August 2020 534 18.7%

May 2020 315 -49.8%

July 2020 553 4.9%

June 2020 436 -16.5%

December 2020 34.4% 5.2%

November 2020 31.4% -4.8%

October 2020 32.3% 1.6%

September 2020 30.9% 4.4%

-9.4%

August 2020 29.4% 2.4%

July 2020 28.5% -4.0%

June 2020 29.5% -4.5%

May 2020 31.8% -5.4%

April 2020 27.2% -22.7%













Sales Paid in Cash

Percent Change

Year-over-Year

January 2020 37.4% -2.1%

December 2019

December 2019 464 14.3%

February 2020

32.7% -0.9%

March 2020 32.8%

April 2020 324 -46.3%

March 2020

438 1.9%

January 2020 409 26.6%

0.0%

February 2020 35.5%



0%

10%

20%

30%

40%

50%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

100

200

300

400

500

600

700

Cas

h S

ale

sMonthly Market Detail - December 2020

2016 2017 2018 2019 2020

Palm Beach County

Single Family Homes


2016 2017 2018 2019 2020





Year-over-Year

December 2020 $425,000 16.8%

Year-to-Date $389,500 9.7%

May 2020 $365,000 0.0%

November 2020 $418,000 19.4%

October 2020 $420,000 17.0%

July 2020 $399,000 12.4%

June 2020 $376,000 5.3%

September 2020 $400,000 12.7%

August 2020 $399,000 12.4%

April 2020 $365,000 4.3%

March 2020 $370,000 5.7%

February 2020 $363,000 6.8%

January 2020 $363,000 6.8%

December 2019 $364,000 5.6%


Year-over-Year

December 2020 $855,831 73.0%

November 2020 $753,028 53.8%

October 2020 $701,353 35.4%

September 2020 $656,309 15.0%

14.8%

August 2020 $650,286 27.0%

July 2020 $737,439 27.5%

June 2020 $673,758 32.8%

May 2020 $655,752 10.8%

April 2020 $579,898 0.5%
















December 2019 $494,689 2.4%

March 2020 $611,000 11.5%

February 2020 $608,819



$0K

$200K

$400K

$600K

$800K

$1000K

Ave

rage

Sal

e P

rice

$0K

$100K

$200K

$300K

$400K

$500K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - December 2020

2016 2017 2018 2019 2020

Palm Beach County

Single Family Homes


2016 2017 2018 2019 2020





Year-over-Year



-41.3%



$949.5 Million 14.0%



July 2020 $1.4 Billion 39.3%

June 2020 $995.8 Million 16.0%

May 2020 $649.9 Million

December 2020 96.8% 1.6%

November 2020 96.7% 1.6%

October 2020 96.5% 1.5%

September 2020 96.5% 1.6%

0.7%

August 2020 96.1% 1.3%

July 2020 95.9% 0.9%

June 2020 95.0% 0.3%

May 2020 95.0% 0.4%

April 2020 95.8% 1.5%







lagging indicator.











List Price Received

Percent Change

Year-over-Year

January 2020 94.8% 0.4%

December 2019

December 2019 $702.5 Million 18.4%

February 2020

95.3% 0.7%

March 2020 95.4%

April 2020 $690.7 Million -30.2%

March 2020

$750.7 Million 29.0%

January 2020 $667.1 Million 39.6%

1.2%

February 2020 95.0%



0%

20%

40%

60%

80%

100%

120%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed


2016 2017 2018 2019 2020

Palm Beach County

Single Family Homes


2016 2017 2018 2019 2020


$0

$500 M

$1.0 B

$1.5 B

$2.0 B

Do

llar

Vo

lum

e



21 Days -61.1%


April 2020 29 Days -47.3%

MonthMedian Time to

Contract

Percent Change

Year-over-Year




October 2020

June 2020 56 Days 12.0%

May 2020 37 Days -28.8%

August 2020 35 Days -27.1%

July 2020 53 Days 8.2%

44 Days -29.0%

February 2020 61 Days 0.0%

March 2020




Year-over-Year





-13.7%


August 2020 79 Days -13.2%

July 2020 98 Days 4.3%

June 2020 102 Days 5.2%

May 2020 84 Days -13.4%










long time to sell.











April 2020 76 Days -21.6%

March 2020 88 Days



20

40

60

80

100

120

Me

dia

n T

ime

to

Sa

le

0

10

20

30

40

50

60

70

Me

dia

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C

on

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2016 2017 2018 2019 2020

Palm Beach County

Single Family Homes


2016 2017 2018 2019 2020





















Year-over-Year

December 2020 1,663 37.6%


May 2020 1,698 -11.2%

November 2020 1,793 31.6%

October 2020 1,920 24.7%

July 2020 2,067 20.2%

June 2020 2,287 31.0%

September 2020 1,941 40.8%

August 2020 1,826 20.0%

April 2020 947 -54.6%

March 2020 1,350 -30.8%

February 2020 1,898 12.8%

January 2020 1,717 13.6%

December 2019 1,209 14.3%


Year-over-Year

December 2020 1,491 6.9%

November 2020 1,725 3.8%

October 2020 2,049 -2.6%

September 2020 1,978 21.9%

1,931 -9.7%

April 2020 1,264 -39.4%

December 2019 1,395 -5.9%

March 2020 1,908 -11.2%

February 2020 2,039 -8.6%


January 2020 2,137 -12.5%

August 2020 1,892 13.8%

July 2020 1,949 4.1%

June 2020 1,846 0.9%

May 2020



0

500

1,000

1,500

2,000

2,500

3,000

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0

500

1,000

1,500

2,000

2,500

Pe

nd

ing

Sale


2016 2017 2018 2019 2020

Palm Beach County

Single Family Homes


2016 2017 2018 2019 2020






















Year-over-Year

December 2019 4.2 -17.6%

February 2020 4.2 -27.6%

January 2020 4.3

December 2019 6,162 -16.1%

February 2020 6,282 -24.0%

January 2020 6,347 -21.3%

-23.2%

April 2020 4.2 -20.8%

March 2020 4.2 -26.3%

June 2020 3.7 -22.9%

May 2020 4.3 -15.7%

August 2020 3.0 -30.2%

July 2020 3.4 -24.4%

October 2020 2.8 -37.8%

September 2020 2.9 -32.6%

December 2020 2.3 -45.2%

November 2020 2.7 -38.6%

6,265 -21.3%

June 2020 4,989 -26.1%

May 2020 5,850 -18.6%

April 2020 6,126 -18.5%

March 2020

-32.6%

August 2020 4,227 -31.9%

July 2020 4,642 -28.5%



Year-over-Year

December 2020 3,551 -42.4%


November 2020 3,940 -38.3%

October 2020 4,131 -35.6%



0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

Mo

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f In

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0

2,000

4,000

6,000

8,000

10,000

Inve

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ryMonthly Market Detail - December 2020

2016 2017 2018 2019 2020

Palm Beach County

Single Family Homes


2016 2017 2018 2019 2020




$600,000 - $999,999 38 Days -54.2%

$1,000,000 or more 85 Days -11.5%









$150,000 - $199,999 40 Days 14.3%

$200,000 - $249,999 29 Days 38.1%

$250,000 - $299,999

$400,000 - $599,999 18 Days -62.5%

23 Days -11.5%

$300,000 - $399,999 18 Days -55.0%











Contract

Percent Change

Year-over-Year

Less than $50,000 34 Days -66.3%

$1,000,000 or more 235 167.0%

$250,000 - $299,999 153 -11.0%

$300,000 - $399,999 404 0.7%

$50,000 - $99,999 38 Days -32.1%

$100,000 - $149,999

$400,000 - $599,999 505 54.9%

$600,000 - $999,999 252 64.7%

36 Days -12.2%

$150,000 - $199,999 75 -2.6%

$200,000 - $249,999 110 -20.9%

$100,000 - $149,999 30 -36.2%


Year-over-Year

Less than $50,000 6 200.0%

$50,000 - $99,999 14 -6.7%

0

20

40

60

80

100

120

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

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to

Co

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act


0

20

40

60

80

100

120

0

100

200

300

400

500

600

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es


0

100

200

300

400

500

600


Palm Beach County

Single Family Homes





$600,000 - $999,999 605 -36.6%

$1,000,000 or more 1,124 -31.7%








$150,000 - $199,999 152 -49.0%

$200,000 - $249,999 180 -48.4%

$250,000 - $299,999 209 -55.5%

$300,000 - $399,999 530 -47.4%

$400,000 - $599,999 651 -48.0%

$50,000 - $99,999 32 -17.9%

$100,000 - $149,999 68 -52.8%


Year-over-Year

Less than $50,000 0 -100.0%

$600,000 - $999,999 235 48.7%

$1,000,000 or more 210 14.1%









$150,000 - $199,999 55 -42.1%

$200,000 - $249,999 109 -4.4%

$250,000 - $299,999 128 -19.0%

$300,000 - $399,999 329 1.5%

$400,000 - $599,999 395 22.3%

$50,000 - $99,999 9 50.0%

$100,000 - $149,999 21 -30.0%


Year-over-Year

Less than $50,000 0 -100.0%

0200400600800

1,0001,2001,4001,6001,800

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry


050

100150200250300350400450

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs


02004006008001,0001,2001,4001,6001,800

050100150200250300350400450


Palm Beach County

Single Family Homes



Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price



Short Sale

7 10 -30.0%

$375,000 $225,000 66.7%

Foreclosure/REO

18 36 -50.0%

$358,450 $293,750 22.0%


Year-over-Year

Traditional

1,759 1,374 28.0%

$425,000 $365,000 16.4%

$0K

$50K

$100K

$150K

$200K

$250K

$300K

$350K

$400K

$450K

Me

dia

n S

ale

Pri

ce

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Clo

sed

Sal

es





Palm Beach CountySingle Family Homes

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020




6.0%

1,382 6.4%

Closed Sales

1,295

85 Days

1,616 41.4%

5,892 -12.8%

5.3 -13.2%

Summary Statistics

Closed Sales

Paid in Cash

94.7%

December 2020


Average Sale Price

Dollar Volume


List Price Received

$189,900 21.1%

$499.2 Million $438.2 Million 13.9%

$385,488 $358,567 7.5%


Year-over-Year

687 661 3.9%

1,295 1,222 6.0%

94.3% 0.4%

43 Days 45 Days -4.4%

December 2020


81 Days

1,367

Median Time to Sale

New Pending Sales

New Listings

Month

1,471




-4.7%

957 42.8%

Percent Change

Year-over-Year

895

December 2019 1,222

May 2020 597

April 2020 861

August 2020 1,200

July 2020 1,316

June 2020 937










November 2020 1,277 37.3%

35.7%

28.8%

October 2020 1,415


24.7%

March 2020 1,282

February 2020 1,015

6.4%

12.5%

20.3%

5.2%

6.8%

-58.9%

-37.8%

-19.6%

January 2020

2016 2017 2018 2019 2020



Palm Beach County



0

500

1,000

1,500

2,000

Clo

sed

Sal

es



September 2020


Year-over-Year

December 2020 687 3.9%

November 2020 665 24.3%

October 2020 717 20.1%


733 0.4%

621 20.1%

August 2020 590 -2.3%

May 2020 318 -62.1%

July 2020 655 3.0%

June 2020 473 -24.9%

December 2020 53.1% -1.8%

November 2020 52.1% -9.4%

October 2020 50.7% -11.4%

September 2020 49.4% -6.8%

4.0%

August 2020 49.2% -7.0%

July 2020 49.8% -3.5%

June 2020 50.5% -6.5%

May 2020 53.3% -7.8%

April 2020 49.5% -15.4%













Sales Paid in Cash

Percent Change

Year-over-Year

January 2020 58.1% -3.0%

December 2019

December 2019 661 14.8%

February 2020

54.1% -8.0%

March 2020 57.2%

April 2020 426 -47.3%

March 2020

634 17.0%

January 2020 520 16.6%

-5.6%

February 2020 62.5%



0%

20%

40%

60%

80%

Pct

. of

Clo

sed

Sal

es

Pai

d in

Cas

h

0

200

400

600

800

1,000

Cas

h S

ale


2016 2017 2018 2019 2020

Palm Beach County



2016 2017 2018 2019 2020





Year-over-Year

December 2020 $230,000 21.1%

Year-to-Date $205,000 12.6%

May 2020 $200,000 8.1%

November 2020 $220,000 16.9%

October 2020 $211,000 22.7%

July 2020 $205,000 10.8%

June 2020 $205,000 7.9%

September 2020 $206,250 9.4%

August 2020 $215,000 17.8%

April 2020 $195,000 5.4%

March 2020 $199,000 13.7%

February 2020 $189,000 3.3%

January 2020 $195,000 11.4%

December 2019 $189,900 5.6%


Year-over-Year

December 2020 $385,488 7.5%

November 2020 $382,588 16.6%

October 2020 $311,449 14.4%

September 2020 $332,192 7.6%

13.4%

August 2020 $305,311 -4.9%

July 2020 $304,464 3.8%

June 2020 $304,657 7.8%

May 2020 $343,898 21.1%

April 2020 $345,789 6.0%
















December 2019 $358,567 31.0%

March 2020 $355,747 1.2%

February 2020 $332,494



$0K

$100K

$200K

$300K

$400K

$500K

Ave

rage

Sal

e P

rice

$0K

$50K

$100K

$150K

$200K

$250K

Me

dia

n S

ale

Pri

ceMonthly Market Detail - December 2020

2016 2017 2018 2019 2020

Palm Beach County



2016 2017 2018 2019 2020





Year-over-Year



-50.2%

November 2020 $488.6 Million 60.1%

October 2020 $440.7 Million 55.2%

$456.1 Million 7.7%

September 2020 $417.6 Million 38.6%

August 2020 $366.4 Million 0.0%

July 2020 $400.7 Million 10.9%

June 2020 $285.5 Million -13.4%

May 2020 $205.3 Million

December 2020 94.7% 0.4%

November 2020 95.2% 0.8%

October 2020 94.8% 1.1%

September 2020 94.9% 0.6%

0.0%

August 2020 94.8% 0.6%

July 2020 94.3% 0.3%

June 2020 94.1% 0.4%

May 2020 92.5% -1.2%

April 2020 94.3% 1.0%







lagging indicator.











List Price Received

Percent Change

Year-over-Year

January 2020 93.8% 0.4%

December 2019


February 2020

94.3% 0.2%

March 2020 94.4%

April 2020 $297.7 Million -34.1%

March 2020

$337.5 Million 27.6%

January 2020 $298.0 Million 47.5%

1.0%

February 2020 93.7%



0%

20%

40%

60%

80%

100%

Me

d. P

ct. o

f O

rig.

Li

st P

rice

Re

ceiv

ed


2016 2017 2018 2019 2020

Palm Beach County



2016 2017 2018 2019 2020


$0

$100 M

$200 M

$300 M

$400 M

$500 M

$600 M

Do

llar

Vo

lum

e



36 Days -36.8%


April 2020 37 Days -33.9%

MonthMedian Time to

Contract

Percent Change

Year-over-Year




October 2020

June 2020 67 Days 21.8%

May 2020 52 Days -7.1%

August 2020 44 Days -24.1%

July 2020 64 Days 20.8%

48 Days -5.9%


March 2020




Year-over-Year





-2.2%


August 2020 87 Days -10.3%

July 2020 106 Days 11.6%

June 2020 107 Days 12.6%

May 2020 94 Days -4.1%










long time to sell.











April 2020 85 Days -12.4%

March 2020 89 Days



20

40

60

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100

120

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2016 2017 2018 2019 2020

Palm Beach County



2016 2017 2018 2019 2020





















Year-over-Year

December 2020 1,367 42.8%


May 2020 1,104 -20.0%

November 2020 1,340 14.8%

October 2020 1,557 33.6%

July 2020 1,505 19.9%

June 2020 1,486 14.2%

September 2020 1,545 52.7%

August 2020 1,269 6.5%

April 2020 521 -66.6%

March 2020 993 -35.3%

February 2020 1,563 16.6%

January 2020 1,441 18.1%

December 2019 957 11.4%


Year-over-Year

December 2020 1,471 6.4%

November 2020 1,568 -0.1%

October 2020 1,810 -0.7%

September 2020 1,748 24.3%

1,716 7.3%

April 2020 926 -43.7%

December 2019 1,382 7.5%

March 2020 1,565 -11.4%

February 2020 1,838 2.6%


January 2020 2,055 -2.7%

August 2020 1,635 20.2%

July 2020 1,704 23.6%

June 2020 1,670 21.7%

May 2020



0

500

1,000

1,500

2,000

2,500

Ne

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500

1,000

1,500

2,000

Pe

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2016 2017 2018 2019 2020

Palm Beach County



2016 2017 2018 2019 2020






















Year-over-Year

December 2019 5.3 -1.9%

February 2020 5.4 -11.5%

January 2020 5.5

December 2019 5,892 -5.2%

February 2020 6,170 -11.6%

January 2020 6,162 -10.3%

-8.3%

April 2020 5.5 -3.5%

March 2020 5.4 -10.0%

June 2020 5.8 13.7%

May 2020 5.9 7.3%

August 2020 5.2 10.6%

July 2020 5.6 14.3%

October 2020 5.0 -3.8%

September 2020 5.1 6.3%

December 2020 4.6 -13.2%

November 2020 4.9 -7.5%

6,201 -8.2%

June 2020 5,832 2.5%

May 2020 6,109 -0.4%

April 2020 6,053 -5.4%

March 2020

-0.2%

August 2020 5,321 0.9%

July 2020 5,751 5.3%



Year-over-Year

December 2020 5,140 -12.8%


November 2020 5,403 -7.6%

October 2020 5,388 -6.2%



0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

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4,000

6,000

8,000

Inve

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ryMonthly Market Detail - December 2020

2016 2017 2018 2019 2020

Palm Beach County



2016 2017 2018 2019 2020




$600,000 - $999,999 62 Days -43.6%

$1,000,000 or more 159 Days 10.4%









$150,000 - $199,999 40 Days -9.1%

$200,000 - $249,999 23 Days -37.8%

$250,000 - $299,999

$400,000 - $599,999 63 Days -35.1%

26 Days -43.5%

$300,000 - $399,999 39 Days -20.4%











Contract

Percent Change

Year-over-Year

Less than $50,000 34 Days -20.9%

$1,000,000 or more 79 64.6%

$250,000 - $299,999 149 38.0%

$300,000 - $399,999 133 16.7%

$50,000 - $99,999 51 Days 2.0%

$100,000 - $149,999

$400,000 - $599,999 136 56.3%

$600,000 - $999,999 84 44.8%

37 Days 27.6%

$150,000 - $199,999 202 -17.9%

$200,000 - $249,999 168 4.3%

$100,000 - $149,999 187 -4.1%


Year-over-Year

Less than $50,000 26 -18.8%

$50,000 - $99,999 131 -24.3%

020406080

100120140160180

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Me

dia

n T

ime

to

Co

ntr

act


020406080100120140160180

0

50

100

150

200

250

300

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Clo

sed

Sal

es


0

50

100

150

200

250

300


Palm Beach County






$600,000 - $999,999 404 -18.5%

$1,000,000 or more 647 -10.0%








$150,000 - $199,999 699 -11.3%

$200,000 - $249,999 500 -15.3%

$250,000 - $299,999 404 -20.9%

$300,000 - $399,999 443 -23.5%

$400,000 - $599,999 545 -15.1%

$50,000 - $99,999 686 -0.1%

$100,000 - $149,999 700 -4.4%


Year-over-Year

Less than $50,000 112 -24.3%

$600,000 - $999,999 101 34.7%

$1,000,000 or more 98 -21.0%









$150,000 - $199,999 234 7.8%

$200,000 - $249,999 175 -4.9%

$250,000 - $299,999 149 27.4%

$300,000 - $399,999 146 29.2%

$400,000 - $599,999 138 29.0%

$50,000 - $99,999 178 -7.8%

$100,000 - $149,999 234 4.5%


Year-over-Year

Less than $50,000 18 -35.7%

0100200300400500600700800900

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Inve

nto

ry


0

50

100

150

200

250

Less than$50,000

$50,000 -$99,999

$100,000 -$149,999

$150,000 -$199,999

$200,000 -$249,999

$250,000 -$299,999

$300,000 -$399,999

$400,000 -$599,999

$600,000 -$999,999

$1,000,000 ormore

Ne

w L

isti

ngs


0100200300400500600700800900

0

50

100

150

200

250


Palm Beach County




Closed Sales

Median Sale Price

Closed Sales

Median Sale Price

Closed Sales

Median Sale Price



Short Sale

0 3 -100.0%

(No Sales) $78,500 N/A

Foreclosure/REO

9 39 -76.9%

$150,000 $162,000 -7.4%


Year-over-Year

Traditional

1,286 1,180 9.0%

$230,000 $195,000 17.9%

$0K

$100K

$200K

$300K

$400K

$500K

$600K

Me

dia

n S

ale

Pri

ce

80%

82%

84%

86%

88%

90%

92%

94%

96%

98%

100%

Clo

sed

Sal

es





Palm Beach CountyTownhouses and Condos

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

Local Market Update – December 2020

Boca Raton

Single Family December Year to DateKey Metrics 2019 2020 % Change Thru 12-2019 Thru 12-2020 % Change

Closed Sales 195 278 + 42.6% 2,443 2,674 + 9.5%

Median Sales Price* $485,000 $534,500 + 10.2% $460,000 $525,000 + 14.1%

Average Sales Price* $761,254 $1,082,475 + 42.2% $736,481 $895,787 + 21.6%

Dollar Volume $148,444,539 $300,927,950 + 102.7% $1,797,849,392 $2,392,707,502 + 33.1%

Percent of Original List Price Received* 93.0% 94.4% + 1.5% 91.9% 93.6% + 1.8%

Median Time to Contract 81 67 - 17.3% 80 71 - 11.3%

Pending Sales 154 210 + 36.4% 2,457 2,772 + 12.8%

New Listings 183 219 + 19.7% 3,687 3,473 - 5.8%

Inventory of Homes for Sale 1,044 526 - 49.6% –– –– ––

Months Supply of Inventory 5.1 2.3 - 54.9% –– –– ––

Townhouse/Condo December Year to DateKey Metrics 2019 2020 % Change Thru 12-2019 Thru 12-2020 % Change

Closed Sales 245 291 + 18.8% 2,790 2,635 - 5.6%


Average Sales Price* $374,679 $362,152 - 3.3% $308,061 $325,068 + 5.5%

Dollar Volume $91,796,391 $105,386,285 + 14.8% $852,601,316 $851,510,839 - 0.1%


Median Time to Contract 63 67 + 6.3% 76 73 - 3.9%

Pending Sales 171 240 + 40.4% 2,809 2,722 - 3.1%

New Listings 276 319 + 15.6% 4,195 4,063 - 3.1%

Inventory of Homes for Sale 1,171 1,023 - 12.6% –– –– ––


* Does not account for seller concessions. Percent change may be extreme due to small sample size. Dash (–) means no activity to report on for specified time period.

A rolling 12-month calculation represents the current month and the 11 months prior in a single data point. If no activity occurred during a month, the line extends to the next available data point.

Median Sales Price - Single FamilyRolling 12-Month Calculation All RAPB + GFLR

Boca Raton

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

Median Sales Price - Townhouse/CondoRolling 12-Month Calculation All RAPB + GFLR

Boca Raton

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

Current as of January 17, 2021. Data courtesy of BeachesMLS, a subsidiary of Broward, Palm Beaches & St. Lucie Realtors®. | Report © 2021 ShowingTime.


Boynton Beach


Closed Sales 189 265 + 40.2% 2,261 2,209 - 2.3%


Average Sales Price* $363,262 $418,296 + 15.1% $359,986 $391,576 + 8.8%

Dollar Volume $68,656,573 $110,430,263 + 60.8% $813,928,776 $863,058,715 + 6.0%



Pending Sales 131 165 + 26.0% 2,285 2,260 - 1.1%

New Listings 180 180 0.0% 3,005 2,747 - 8.6%

Inventory of Homes for Sale 593 318 - 46.4% –– –– ––



Closed Sales 167 180 + 7.8% 1,865 1,852 - 0.7%



Dollar Volume $31,197,555 $39,123,400 + 25.4% $346,410,290 $374,635,867 + 8.1%



Pending Sales 107 123 + 15.0% 1,872 1,876 + 0.2%

New Listings 190 189 - 0.5% 2,606 2,458 - 5.7%






Boynton Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


Boynton Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000



Delray Beach


Closed Sales 110 180 + 63.6% 1,308 1,449 + 10.8%



Dollar Volume $73,472,324 $142,957,210 + 94.6% $862,015,619 $1,114,842,910 + 29.3%



Pending Sales 83 128 + 54.2% 1,331 1,499 + 12.6%

New Listings 133 135 + 1.5% 2,051 1,955 - 4.7%




Closed Sales 242 233 - 3.7% 2,611 2,517 - 3.6%



Dollar Volume $63,512,737 $77,667,778 + 22.3% $556,284,044 $594,631,598 + 6.9%

Percent of Original List Price Received* 92.7% 92.4% - 0.3% 91.7% 92.2% + 0.5%

Median Time to Contract 61 72 + 18.0% 64 67 + 4.7%

Pending Sales 183 208 + 13.7% 2,604 2,584 - 0.8%

New Listings 268 280 + 4.5% 3,689 3,701 + 0.3%






Delray Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$100,000

$200,000

$300,000

$400,000

$500,000


Delray Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000



Jupiter


Closed Sales 84 98 + 16.7% 1,123 1,157 + 3.0%


Average Sales Price* $692,954 $1,382,759 + 99.5% $768,502 $987,000 + 28.4%

Dollar Volume $58,208,105 $135,510,400 + 132.8% $865,659,400 $1,141,958,830 + 31.9%



Pending Sales 69 63 - 8.7% 1,154 1,157 + 0.3%

New Listings 86 80 - 7.0% 1,509 1,372 - 9.1%




Closed Sales 85 100 + 17.6% 862 928 + 7.7%



Dollar Volume $32,041,725 $51,290,900 + 60.1% $308,442,207 $370,094,102 + 20.0%



Pending Sales 51 73 + 43.1% 867 959 + 10.6%

New Listings 79 74 - 6.3% 1,156 1,232 + 6.6%






Jupiter

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000


Jupiter

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000



Lake Worth Beach


Closed Sales 145 180 + 24.1% 1,872 1,914 + 2.2%



Dollar Volume $50,490,350 $73,670,862 + 45.9% $633,221,885 $712,062,308 + 12.5%



Pending Sales 121 123 + 1.7% 1,914 1,950 + 1.9%

New Listings 167 163 - 2.4% 2,743 2,352 - 14.3%




Closed Sales 77 97 + 26.0% 903 902 - 0.1%



Dollar Volume $11,254,199 $17,348,310 + 54.1% $124,284,477 $145,483,048 + 17.1%



Pending Sales 47 60 + 27.7% 896 924 + 3.1%

New Listings 85 101 + 18.8% 1,261 1,267 + 0.5%






Lake Worth Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


Lake Worth Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000



Palm Beach


Closed Sales 4 32 + 700.0% 83 180 + 116.9%

Median Sales Price* $4,375,000 $4,820,000 + 10.2% $5,000,000 $5,400,000 + 8.0%

Average Sales Price* $3,827,500 $6,510,466 + 70.1% $7,152,678 $7,225,310 + 1.0%

Dollar Volume $15,310,000 $208,334,900 + 1,260.8% $593,672,281 $1,295,780,532 + 118.3%


Median Time to Contract 225 164 - 27.1% 190 199 + 4.7%

Pending Sales 10 24 + 140.0% 92 189 + 105.4%

New Listings 16 20 + 25.0% 205 185 - 9.8%




Closed Sales 17 41 + 141.2% 319 339 + 6.3%


Average Sales Price* $720,732 $1,614,338 + 124.0% $1,043,967 $1,412,192 + 35.3%

Dollar Volume $12,252,450 $66,187,855 + 440.2% $332,221,561 $478,733,236 + 44.1%

Percent of Original List Price Received* 91.4% 88.1% - 3.6% 88.6% 88.2% - 0.5%

Median Time to Contract 221 185 - 16.3% 128 164 + 28.1%

Pending Sales 22 43 + 95.5% 309 360 + 16.5%

New Listings 48 53 + 10.4% 568 588 + 3.5%






Palm Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000


Palm Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000



Palm Beach Gardens


Closed Sales 84 130 + 54.8% 1,039 1,092 + 5.1%



Dollar Volume $60,009,585 $100,189,666 + 67.0% $746,857,161 $906,063,033 + 21.3%



Pending Sales 77 105 + 36.4% 1,055 1,145 + 8.5%

New Listings 101 100 - 1.0% 1,540 1,452 - 5.7%




Closed Sales 65 98 + 50.8% 755 847 + 12.2%



Dollar Volume $19,362,200 $31,888,208 + 64.7% $219,219,367 $273,834,257 + 24.9%



Pending Sales 46 58 + 26.1% 769 871 + 13.3%

New Listings 72 66 - 8.3% 1,043 1,124 + 7.8%






Palm Beach Gardens

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000


Palm Beach Gardens

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000



Wellington


Closed Sales 65 109 + 67.7% 985 1,070 + 8.6%



Dollar Volume $39,535,050 $97,479,238 + 146.6% $667,124,547 $761,612,097 + 14.2%



Pending Sales 55 56 + 1.8% 979 1,079 + 10.2%

New Listings 78 78 0.0% 1,498 1,385 - 7.5%




Closed Sales 17 35 + 105.9% 280 328 + 17.1%


Average Sales Price* $313,088 $283,729 - 9.4% $297,941 $324,899 + 9.0%

Dollar Volume $5,322,495 $9,930,500 + 86.6% $83,423,511 $106,566,728 + 27.7%



Pending Sales 16 23 + 43.8% 284 335 + 18.0%

New Listings 23 22 - 4.3% 396 435 + 9.8%






Wellington

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$100,000

$200,000

$300,000

$400,000

$500,000


Wellington

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000



West Palm Beach


Closed Sales 158 202 + 27.8% 1,927 2,044 + 6.1%



Dollar Volume $55,486,238 $101,669,103 + 83.2% $756,982,877 $922,244,477 + 21.8%



Pending Sales 108 140 + 29.6% 1,932 2,138 + 10.7%

New Listings 179 185 + 3.4% 2,832 2,752 - 2.8%




Closed Sales 226 261 + 15.5% 2,617 2,459 - 6.0%


Average Sales Price* $369,333 $219,802 - 40.5% $311,575 $226,664 - 27.3%

Dollar Volume $83,100,040 $59,647,501 - 28.2% $813,920,923 $557,911,629 - 31.5%



Pending Sales 162 180 + 11.1% 2,604 2,555 - 1.9%

New Listings 254 266 + 4.7% 4,018 4,033 + 0.4%

Inventory of Homes for Sale 1,101 948 - 13.9% –– –– ––





West Palm Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


West Palm Beach

1-2010 1-2012 1-2014 1-2016 1-2018 1-2020

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000


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