Ocean Ridge - Realtors Association of the Palm Beaches

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Ocean Ridge - Realtors Association of the Palm Beaches
Local Market Update – December 2012
A RESEARCH TOOL PROVIDED BY THE REALTORS® ASSOCIATION OF THE PALM BEACHES
Ocean Ridge
- 60.0%
0.0%
- 91.9%
Change in
New Listings
Change in
Closed Sales
Change in
Median Sales Price
December
New Listings
Closed Sales
Median Sales Price*
Percent of Original List Price Received*
Year to Date
2011
2012
+/–
2011
2012
+/–
10
4
- 60.0%
81
72
- 11.1%
3
3
0.0%
61
48
- 21.3%
$1,412,500
$115,000
- 91.9%
$576,250
$517,000
- 10.3%
97.6%
83.9%
- 14.1%
77.8%
81.5%
+ 4.6%
Days on Market Until Sale
113
230
+ 104.7%
316
244
- 22.6%
Inventory of Homes for Sale
81
63
- 22.2%
--
--
--
Months Supply of Inventory
16.2
14.8
- 8.5%
--
--
--
* Does not account for seller concessions. | Activity for one month can sometimes look extreme due to small sample size.
2011
December
2012
2011
Year to Date
2012
81
10
72
61
48
4
3
- 60.0%
New Listings
3
- 11.1%
New Listings
0.0%
Closed Sales
- 21.3%
Closed Sales
Change in Median Sales Price from Prior Year (6-Month Average)**
All MLS
b
Ocean Ridge
a
+ 250%
+ 200%
+ 150%
+ 100%
+ 50%
0%
- 50%
1-2008
7-2008
1-2009
7-2009
1-2010
7-2010
1-2011
7-2011
1-2012
7-2012
** Each dot represents the change in median sales price from the prior year using a 6-month weighted average. This means that each of the 6 months used in a dot are proportioned according to their
share of sales during that period
period. | All data from the Regional MLS
MLS. | Powered by 10K Research and Marketing
Marketing.

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