SCOTT ECKERT
561.212.4447
THE REAL ESTATE MARKET BY THE NUMBERS
Understanding Real Estate Statistics
Paying attention to local real estate statistics can help you determine the value of your home, how quickly it will sell, and understand overall trends in the market. Learning some of the commonly used terms, how they are calculated, and what they say about the market will help you make informed decisions to achieve your real estate goals.
HOME VALUES AND MARKET TRENDS MARKET SPEED
Average Sold Price is the average (mean) sold price of all homes sold within a given boundary and timeframe. Not only can this value give you an idea of what your home would sell for, but fluctuations in this value can also give you an idea of the market’s direction.
MONITORING THE CURRENT OFFERINGS
The Average Active List Price represents the average list price of all the homes currently on the market. Since this value is limited to what’s on the market, it can vary greatly if only a few homes are available. The Average Active List Price is often higher than the Average Sold Price since expensive homes tend to take longer to sell, pushing up the local average.
Average Days on Market (DOM) is calculated by averaging the time-on-market for all sold homes within a specific boundary and timeframe. This value indicates the speed of the market. Fewer days equate to a faster market, which usually favors sellers.
BUYER DEMAND AND VALUE DIRECTION
Sold Price to List Price Ratio (SP/LP) is calculated by dividing a home’s sold price by its list price. A value over 100% indicates homes are selling for above asking price. The Average SP/LP Ratio is calculated by averaging the SP/LP for all homes sold within a specific timeframe. This value can give you insight into buyer demand, the direction of home prices, and local agent expertise.
Future Friends and Neighbors,
If you are thinking of selling and would like to learn more about the local statistics in your neighborhood and how these numbers affect the value of your home, call me today for a free consultation.
Published by REAL Marketing (RM) | www.REALMarketing4You.com | 858.952.4280 | © 2022 101 Plaza Real South, Suite 220 Boca Raton, FL 33432
call or text ESTATE AGENT
www.RPERealty.com PRESENTED BY SCOTT ECKERT PREPARED ESPECIALLY FOR FUTURE FRIENDS AND NEIGHBORS ROYAL PALM YACHT COUNTRY CLUB REAL ESTATE MARKET REPORT • SPRING • 2022 YOUR ROYAL PALM YACHT & COUNTRY CLUB SPECIALIST
Scott@RPERealty.com
Future
HOMES RECENTLY SOLD
22 HOMES RECENTLY SOLD $15,837,222 AVE RAGE LIST PRICE $5,789,091 AVE RAGE SOLD PRICE 24 AV ERAGE DAYS ON MARKET (SOLDS) © 2022 Google This map is a visual representation of the data on the opposing page. The data and corresponding location pins are deemed to be accurate but not guaranteed. Some location pins may not be visible and/or updated with the latest location data. CURRENT ACTIVITY MAP PENDING ACTIVE SOLD ROYAL PALM YACHT & COUNTRY CLUB AT A GLANCE Scott Eckert and Royal Palm Realty are not in any way affiliated with the Royal Palm Yacht & Country Club Home Owners Association, nor is this in any way an official advertisement or publication of Royal Palm Yacht & Country Club. © 2022 All rights reserved. This representation is based on sales and data reported by multiple brokers/agents to the BeachesMLS between November 30th, 2021 and May 2nd, 2022. Listings and sales may not be those of Royal Palm Realty. BeachesMLS does not guarantee the accuracy of this data, which may not reflect all the real estate activity in the area. E&OE covered. This market report is not intended to solicit properties already listed for sale nor intended to cause a breach of an existing agency relationship. *Estimated square feet rounded down to nearest hundred.
STATUS ADDRESS BEDS BATHS EST. SQ. FT.* LIST PRICE SOLD PRICE SOLD DATE Sold 480 E Alexander Palm Road 4 5.1 5,080 $7,750,000 $7,750,000 04/28/22 Sold 290 Sabal Palm Terrace 6 6.1 6,597 $8,200,000 $8,200,000 04/13/22 Sold 2060 Thatch Palm Drive 3 3.1 4,833 $4,499,000 $4,000,000 03/28/22 Sold 1300 Thatch Palm Drive 4 4.2 5,979 $7,350,000 $7,350,000 03/15/22 Sold 2395 Acorn Palm Road 3 3.1 3,204 $2,200,000 $2,200,000 03/09/22 Sold 2255 Date Palm Road 4 3.0 2,670 $3,450,000 $3,300,000 03/04/22 Sold 1251 Thatch Palm Drive 3 3.1 2,907 $2,950,000 $2,950,000 03/02/22 Sold 358 E Camino Real 3 4.0 3,429 $3,500,000 $3,500,000 02/25/22 Sold 495 E Alexander Palm Road 5 6.2 4,882 $6,275,000 $6,275,000 02/10/22 Sold 254 Fern Palm Road 5 6.2 6,635 $9,750,000 $9,800,000 02/10/22 Sold 383 Thatch Palm Drive 4 4.1 4,307 $5,750,000 $5,380,000 01/07/22 Sold 2361 W Silver Palm Road 5 6.1 6,268 $6,700,000 $6,725,000 01/07/22 Sold 484 Royal Palm Way 4 5.1 4,675 $5,150,000 $5,150,000 01/05/22 Sold 1955 Thatch Palm Drive 4 4.0 3,443 $3,850,000 $3,850,000 12/30/21 Sold 484 S Maya Palm Drive 6 6.3 9,083 $18,750,000 $17,300,000 12/30/21 Sold 311 Fan Palm Road 5 5.1 5,746 $5,750,000 $5,750,000 12/17/21 Sold 272 Thatch Palm Drive 6 5.1 7,334 $4,995,000 $4,995,000 12/09/21 Sold 329 Royal Palm Way 4 4.1 5,548 $4,595,000 $4,200,000 12/03/21 Sold 2255 Date Palm Road 4 3.0 2,670 $2,850,000 $2,850,000 11/30/21 Sold 217 Thatch Palm Drive 5 5.0 4,170 $3,925,000 $3,835,000 11/30/21 Sold 1812 Sabal Palm Circle 4 4.1 4,679 $5,750,000 $5,000,000 11/30/21 Sold 2391 Areca Palm Road 5 6.1 6,140 $7,150,000 $7,000,000 11/30/21 REAL ESTATE MARKET REPORT TOTAL HOMES BEDS RANGE BATHS RANGE EST. SQ. FT. RANGE* LIST PRICE RANGE 9 5 - 6 5.1 - 8.2 5,900 - 11,400 $8,250,000 - $35,000,000 TOTAL HOMES BEDS RANGE BATHS RANGE EST. SQ. FT. RANGE* LIST PRICE RANGE 7 5 - 6 5.1 – 8.1 6,700 – 9,400 $6,595,000 – $27,000,000 HOMES FOR SALE HOMES CURRENTLY PENDING
MUCH IS MY HOME WORTH? www.RPERealty.com THE ECKERT TEAM 561.212.4447 call or text Scott@RPERealty.com RPERealty.com HOW MUCH IS MY HOME WORTH? YOUR ROYAL PALM YACHT & COUNTRY CLUB SPECIALISTS
ROYAL PALM YACHT COUNTRY CLUB HOW
the most accurate assessment of your home's value, provided to you as a complimentary service by Scott Eckert, your Royal Palm Yacht & Country Club real estate specialist. You will not be contacted with any other solicitation.
Friends and Neighbors, Receive
