The Flow Palm Beach Q3-2018

SINGLE FAMILY & TOWNHOMES

3 Q 5

AREA 3

9

Per Square Foot

8

Q3-2018 & CURRENT ACTIVES Area 1 Q3-2018 Solds $967

18

22

AVERAGE PRICE - 20

13

CONDOS

AM

A RE

8

3 Q

2

E SALES HOM BY ILY A

F

ROPERTY TYP E-

SING LE

P BY

01

MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM

ES

SA L

THE POHRER PORTFOL I O

Area 1 Q3-2018 Actives $1,556

AREA 1

AREA 2

Area 2 Q3-2018 Solds $987 Area 2 Q3-2018 Actives $1,134 Area 3 Q3-2018 Solds $1,781 Area 3 Q3-2018 Actives $1,778

PALM BEACH

THE FLOW

Q3 - 2018

BROUGHT TO YOU BY GARY POHRER

Area 1: Wells Road & North Area 2: Worth Avenue North to Wells Road Area 3: South of Worth Avenue to Sloan’s Curve

341 GARDEN ROAD $7,795,000

Single Family & Townhome Activity Wells Rd & North (Area 1)

Q3-2018 Winter Haven Farm - $15,500,000

Q2-2018

Q1-2018

Q3-2017

Number of Sales

8

35

17

13

AVG Sold Price Per Sf

$967

$952

$1,180

$903

Median Sold Price Per Sf

$936

$901

$949

$907

AVG Sale Price

$3,820,312

$5,626,866

$8,133,213

$4,224,303

Median Sale Price

$3,525,000

$4,850,000

$4,212,000

$3,151,115

AVG % of List Price Paid

90.74%

86.90%

84.09%

89.08%

Median % of List Price Paid

90.385%

88.14%

84.69%

89.22%

AVG Cumulative Days on Market

279

307

267

353

Worth Ave North to Wells Rd (Area 2) 255 Clarke Avenue - $12,950,000

341 Garden Road - $7,795,000

315 Clarke Avenue - $12,500,000

Q3-2018

Q2-2018

Q1-2018

Q3-2017

Number of Sales

9

13

12

7

AVG Sold Price Per Sf

$987

$967

$963

$798

Median Sold Price Per Sf

$819

$856

$863

$709

AVG Sale Price

$4,454,111

$3,815,124

$3,859,416

$4,490,285

Median Sale Price

$3,640,000

$3,400,000

$3,509,000

$3,400,000

AVG % of List Price Paid

87.74%

86.7%

88.98%

89.50%

Median % of List Price Paid

91.09%

86.98%

89.495%

90.68%

AVG Cumulative Days on Market

393

238

365

336

Q2-2018

Q1-2018

Q3-2017

South of Worth Avenue to Sloan’s Curve (Area 3)

200 Esplanade Way - $5,850,000

Q3-2018

Contact us today for a private and no obligation review of your property’s value.

GARY POHRER Director of Luxury Sales M: 561.262.0856 | gary.pohrer@elliman.com

elliman.com/florida

1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

Number of Sales

5

9

6

4

AVG Sold Price Per Sf

$1,781

$1,440

$1,298

$897

Median Sold Price Per Sf

$1,935

$1,431

$1,094

$965

AVG Sale Price

$15,250,585

$20,302,516

$11,188,666

$7,825,000

Median Sale Price

$10,750,000

$18,250,000

$10,300,000

$7,700,000

AVG % of List Price Paid

82.69%

79.45%

90.77%

86.38%

Median % of List Price Paid

77.90%

81.25%

91.985%

85.96%

AVG Cumulative Days on Market

479

463

293

573

Complete data analysis done using the Palm Beach Board MLS. Search date 09/30/2018 for all sold transactions recorded in sections: 01 (Wells Rd & North), 02 (Worth Ave North to Wells Rd), & 03 (South of Worth Ave to Sloans Curve).

Ranked #1 for sales volume in 2017 for Douglas Elliman Palm Beach and Jupiter offices.

3rd Quarter 2018 Recap Welcome to the Pohrer Groups latest report we call “The Flow”. The reason we call it “The Flow” is because we pride ourselves on noticing specific trends within the market and try to determine what the Flow of buyers and sellers will think about pricing and inventory. The 2018 season was another incredible year and 2019 season will prove to be another incredible year aside from one major concern, INVENTORY. As the inventory has continued to shrink over the past couple years in the under 10MM price range, people are left with either settling or trying to find a rental which may be even more difficult. This season will prove to have the same challenges. Over the past few years we have seen a much greater Flow of buyers attracted to the North End due to the neighborhood feel and reasonably priced manageable homes. Last year, there were 70 North End sales which included 30 sales under 4MM. Today there are only 9 available homes under 4MM on the North End. This is partly due to the number of homes torn down and rebuilt over the past few years replaced with much larger homes. A growing trend due to these statistics is that Sellers have started to think that they can price their homes higher and higher. So far, Buyers have not fallen for the new pricing but instead decided just to wait in hopes that something more reasonable will become available.

When looking forward into the years ahead, the most important trend that I believe will happen is that land prices will continue to rise. This is due to the fact that if a buyer comes into the market and wants to build a new home, they will most likely need to purchase a perfectly live-able home and tear it down due to a lack of future teardown inventory.

THE POHRER PORTFOL I O MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM

BUILD YOUR OWN HOME HERE

389 Eagle Drive - $5,495,000

165 Seaspray Ave - $4,500,000

I could go on forever but instead would rather take this opportunity to invite anyone that has any questions to contact me directly to discuss. I hope you like our report and may even have a friend who may want to purchase one of our incredible exclusives.

Active Properties

Area 3

46

139

44

Under Contract

Client

Price

Area 1

Seller

$3,397,000

165 Seaspray Avenue

Area 2

Buyer

$3,668,000

310 Valencia Road

Out of Town

Buyer

$670,000

1731 W. Hemingway Drive

Out of Town

Buyer

$1,600,000

226 Fairview Road

Area 2

Buyer

$3,125,000

2784 S. Ocean Blvd. 108-N

Area 4

Buyer

$1,060,000

2575 Natures Way

Out of Town

Seller

$820,000

3170 S. Ocean Blvd. 403-N

Area 4

Buyer

$1,175,000

412 Brazilian Avenue

Area 2

Seller

$6,362,500

211 Caribbean Road

Area 1

Buyer

$3,697,000

100 Sunrise Avenue 421

Area 2

Buyer

$1,385,000

119 Reef Road

Area 1

Seller

$3,021,750

345 S. Bromeliad

Out of Town

Both Sides

$555,000

232 Essex Lane

Out of Town

Buyer

$1,900,000

130 Dolphin Road

Area 1

Buyer

$3,300,00

244 Nightingale Trail

Area 1

Buyer

$3,400,000

345 Potter Road

Out of Town

Seller

$965,000

12251 Tillinghast Circle

Out of Town

Seller

$6,200,000

Palm Beach Condo Activity Q2-2018

Number of Sales

13

AVG Sold Price Per Sf

$723

Number of Residential Sales by Absolute Dollar Amount

Median Sold Price Per Sf

$642

AVG Sale Price Median Sale Price

Below $2,099,999

Q1-2018

Q3-2017

50

41

19

$848

$855

$805

$768

$751

$680

$763,038

$1,802,870

$1,647,017

$1,269,973

$757,500

$1,237,500

$1,150,

$940,000

AVG % of List Price Paid

92.58%

87.93%

90.48%

90.69%

Median % of List Price Paid

94.95%

90.01%

91.94%

89.83%

AVG Cumulative Days on Market

272

255

241

289

Absorption Rate for 33480 (Residential Areas 1-3) O-17

N-17

D-17

J-18

F-18

M-18

A-18

M-18

J-18

J-18

A-18

S-18

$3,100,000 - $4,099,999

15.06

17.38

17.78

17.3 1

5.71

15.31

14.86

12.7

11.82

11.82

11.18

10.89

$4,100,000 - $5,099,999

Sales-to-List-Price

200 Bradley Place, 205 - $4,200,000

Area 2

Area 341 Eden Road

Q3-2018

$2,100,000 - $3,099,999 Area 1

The Pohrer Group 2018 Activity

$5,100,000 - $6,099,999

274 Orange Grove Rd - $3,100,000

All Residential

87.69%

88.80%

89.16%

88.28%

284 Cordova Road - $2,500,000

By Price Point 86.73%

262 Orange Grove Rd - $2,700,000

89.26%

*Includes Single Family, Townhome, Condo and Land

Above $8,099,999

81.43%

2

82.41%

Area 3

9

81.67%

Area 2

6

86.09%

0

$6,100,000 - $7,099,999 Area 1

Single Family Homes

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

2 1 4 15

Q3-2018

$15M+ $10M TO

$15M $5M TO

$10M UNDER $5M

2 1 6 13

Q3-2017

3rd Quarter 2018 Recap Welcome to the Pohrer Groups latest report we call “The Flow”. The reason we call it “The Flow” is because we pride ourselves on noticing specific trends within the market and try to determine what the Flow of buyers and sellers will think about pricing and inventory. The 2018 season was another incredible year and 2019 season will prove to be another incredible year aside from one major concern, INVENTORY. As the inventory has continued to shrink over the past couple years in the under 10MM price range, people are left with either settling or trying to find a rental which may be even more difficult. This season will prove to have the same challenges. Over the past few years we have seen a much greater Flow of buyers attracted to the North End due to the neighborhood feel and reasonably priced manageable homes. Last year, there were 70 North End sales which included 30 sales under 4MM. Today there are only 9 available homes under 4MM on the North End. This is partly due to the number of homes torn down and rebuilt over the past few years replaced with much larger homes. A growing trend due to these statistics is that Sellers have started to think that they can price their homes higher and higher. So far, Buyers have not fallen for the new pricing but instead decided just to wait in hopes that something more reasonable will become available.

When looking forward into the years ahead, the most important trend that I believe will happen is that land prices will continue to rise. This is due to the fact that if a buyer comes into the market and wants to build a new home, they will most likely need to purchase a perfectly live-able home and tear it down due to a lack of future teardown inventory.

THE POHRER PORTFOL I O MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM

BUILD YOUR OWN HOME HERE

389 Eagle Drive - $5,495,000

165 Seaspray Ave - $4,500,000

I could go on forever but instead would rather take this opportunity to invite anyone that has any questions to contact me directly to discuss. I hope you like our report and may even have a friend who may want to purchase one of our incredible exclusives.

Active Properties

Area 3

46

139

44

Under Contract

Client

Price

Area 1

Seller

$3,397,000

165 Seaspray Avenue

Area 2

Buyer

$3,668,000

310 Valencia Road

Out of Town

Buyer

$670,000

1731 W. Hemingway Drive

Out of Town

Buyer

$1,600,000

226 Fairview Road

Area 2

Buyer

$3,125,000

2784 S. Ocean Blvd. 108-N

Area 4

Buyer

$1,060,000

2575 Natures Way

Out of Town

Seller

$820,000

3170 S. Ocean Blvd. 403-N

Area 4

Buyer

$1,175,000

412 Brazilian Avenue

Area 2

Seller

$6,362,500

211 Caribbean Road

Area 1

Buyer

$3,697,000

100 Sunrise Avenue 421

Area 2

Buyer

$1,385,000

119 Reef Road

Area 1

Seller

$3,021,750

345 S. Bromeliad

Out of Town

Both Sides

$555,000

232 Essex Lane

Out of Town

Buyer

$1,900,000

130 Dolphin Road

Area 1

Buyer

$3,300,00

244 Nightingale Trail

Area 1

Buyer

$3,400,000

345 Potter Road

Out of Town

Seller

$965,000

12251 Tillinghast Circle

Out of Town

Seller

$6,200,000

Palm Beach Condo Activity Q2-2018

Number of Sales

13

AVG Sold Price Per Sf

$723

Number of Residential Sales by Absolute Dollar Amount

Median Sold Price Per Sf

$642

AVG Sale Price Median Sale Price

Below $2,099,999

Q1-2018

Q3-2017

50

41

19

$848

$855

$805

$768

$751

$680

$763,038

$1,802,870

$1,647,017

$1,269,973

$757,500

$1,237,500

$1,150,

$940,000

AVG % of List Price Paid

92.58%

87.93%

90.48%

90.69%

Median % of List Price Paid

94.95%

90.01%

91.94%

89.83%

AVG Cumulative Days on Market

272

255

241

289

Absorption Rate for 33480 (Residential Areas 1-3) O-17

N-17

D-17

J-18

F-18

M-18

A-18

M-18

J-18

J-18

A-18

S-18

$3,100,000 - $4,099,999

15.06

17.38

17.78

17.3 1

5.71

15.31

14.86

12.7

11.82

11.82

11.18

10.89

$4,100,000 - $5,099,999

Sales-to-List-Price

200 Bradley Place, 205 - $4,200,000

Area 2

Area 341 Eden Road

Q3-2018

$2,100,000 - $3,099,999 Area 1

The Pohrer Group 2018 Activity

$5,100,000 - $6,099,999

274 Orange Grove Rd - $3,100,000

All Residential

87.69%

88.80%

89.16%

88.28%

284 Cordova Road - $2,500,000

By Price Point 86.73%

262 Orange Grove Rd - $2,700,000

89.26%

*Includes Single Family, Townhome, Condo and Land

Above $8,099,999

81.43%

2

82.41%

Area 3

9

81.67%

Area 2

6

86.09%

0

$6,100,000 - $7,099,999 Area 1

Single Family Homes

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

2 1 4 15

Q3-2018

$15M+ $10M TO

$15M $5M TO

$10M UNDER $5M

2 1 6 13

Q3-2017

3rd Quarter 2018 Recap Welcome to the Pohrer Groups latest report we call “The Flow”. The reason we call it “The Flow” is because we pride ourselves on noticing specific trends within the market and try to determine what the Flow of buyers and sellers will think about pricing and inventory. The 2018 season was another incredible year and 2019 season will prove to be another incredible year aside from one major concern, INVENTORY. As the inventory has continued to shrink over the past couple years in the under 10MM price range, people are left with either settling or trying to find a rental which may be even more difficult. This season will prove to have the same challenges. Over the past few years we have seen a much greater Flow of buyers attracted to the North End due to the neighborhood feel and reasonably priced manageable homes. Last year, there were 70 North End sales which included 30 sales under 4MM. Today there are only 9 available homes under 4MM on the North End. This is partly due to the number of homes torn down and rebuilt over the past few years replaced with much larger homes. A growing trend due to these statistics is that Sellers have started to think that they can price their homes higher and higher. So far, Buyers have not fallen for the new pricing but instead decided just to wait in hopes that something more reasonable will become available.

When looking forward into the years ahead, the most important trend that I believe will happen is that land prices will continue to rise. This is due to the fact that if a buyer comes into the market and wants to build a new home, they will most likely need to purchase a perfectly live-able home and tear it down due to a lack of future teardown inventory.

THE POHRER PORTFOL I O MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM

BUILD YOUR OWN HOME HERE

389 Eagle Drive - $5,495,000

165 Seaspray Ave - $4,500,000

I could go on forever but instead would rather take this opportunity to invite anyone that has any questions to contact me directly to discuss. I hope you like our report and may even have a friend who may want to purchase one of our incredible exclusives.

Active Properties

Area 3

46

139

44

Under Contract

Client

Price

Area 1

Seller

$3,397,000

165 Seaspray Avenue

Area 2

Buyer

$3,668,000

310 Valencia Road

Out of Town

Buyer

$670,000

1731 W. Hemingway Drive

Out of Town

Buyer

$1,600,000

226 Fairview Road

Area 2

Buyer

$3,125,000

2784 S. Ocean Blvd. 108-N

Area 4

Buyer

$1,060,000

2575 Natures Way

Out of Town

Seller

$820,000

3170 S. Ocean Blvd. 403-N

Area 4

Buyer

$1,175,000

412 Brazilian Avenue

Area 2

Seller

$6,362,500

211 Caribbean Road

Area 1

Buyer

$3,697,000

100 Sunrise Avenue 421

Area 2

Buyer

$1,385,000

119 Reef Road

Area 1

Seller

$3,021,750

345 S. Bromeliad

Out of Town

Both Sides

$555,000

232 Essex Lane

Out of Town

Buyer

$1,900,000

130 Dolphin Road

Area 1

Buyer

$3,300,00

244 Nightingale Trail

Area 1

Buyer

$3,400,000

345 Potter Road

Out of Town

Seller

$965,000

12251 Tillinghast Circle

Out of Town

Seller

$6,200,000

Palm Beach Condo Activity Q2-2018

Number of Sales

13

AVG Sold Price Per Sf

$723

Number of Residential Sales by Absolute Dollar Amount

Median Sold Price Per Sf

$642

AVG Sale Price Median Sale Price

Below $2,099,999

Q1-2018

Q3-2017

50

41

19

$848

$855

$805

$768

$751

$680

$763,038

$1,802,870

$1,647,017

$1,269,973

$757,500

$1,237,500

$1,150,

$940,000

AVG % of List Price Paid

92.58%

87.93%

90.48%

90.69%

Median % of List Price Paid

94.95%

90.01%

91.94%

89.83%

AVG Cumulative Days on Market

272

255

241

289

Absorption Rate for 33480 (Residential Areas 1-3) O-17

N-17

D-17

J-18

F-18

M-18

A-18

M-18

J-18

J-18

A-18

S-18

$3,100,000 - $4,099,999

15.06

17.38

17.78

17.3 1

5.71

15.31

14.86

12.7

11.82

11.82

11.18

10.89

$4,100,000 - $5,099,999

Sales-to-List-Price

200 Bradley Place, 205 - $4,200,000

Area 2

Area 341 Eden Road

Q3-2018

$2,100,000 - $3,099,999 Area 1

The Pohrer Group 2018 Activity

$5,100,000 - $6,099,999

274 Orange Grove Rd - $3,100,000

All Residential

87.69%

88.80%

89.16%

88.28%

284 Cordova Road - $2,500,000

By Price Point 86.73%

262 Orange Grove Rd - $2,700,000

89.26%

*Includes Single Family, Townhome, Condo and Land

Above $8,099,999

81.43%

2

82.41%

Area 3

9

81.67%

Area 2

6

86.09%

0

$6,100,000 - $7,099,999 Area 1

Single Family Homes

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

2 1 4 15

Q3-2018

$15M+ $10M TO

$15M $5M TO

$10M UNDER $5M

2 1 6 13

Q3-2017

SINGLE FAMILY & TOWNHOMES

3 Q 5

AREA 3

9

Per Square Foot

8

Q3-2018 & CURRENT ACTIVES Area 1 Q3-2018 Solds $967

18

22

AVERAGE PRICE - 20

13

CONDOS

AM

A RE

8

3 Q

2

E SALES HOM BY ILY A

F

ROPERTY TYP E-

SING LE

P BY

01

MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM

ES

SA L

THE POHRER PORTFOL I O

Area 1 Q3-2018 Actives $1,556

AREA 1

AREA 2

Area 2 Q3-2018 Solds $987 Area 2 Q3-2018 Actives $1,134 Area 3 Q3-2018 Solds $1,781 Area 3 Q3-2018 Actives $1,778

PALM BEACH

THE FLOW

Q3 - 2018

BROUGHT TO YOU BY GARY POHRER

Area 1: Wells Road & North Area 2: Worth Avenue North to Wells Road Area 3: South of Worth Avenue to Sloan’s Curve

341 GARDEN ROAD $7,795,000

Single Family & Townhome Activity Wells Rd & North (Area 1)

Q3-2018 Winter Haven Farm - $15,500,000

Q2-2018

Q1-2018

Q3-2017

Number of Sales

8

35

17

13

AVG Sold Price Per Sf

$967

$952

$1,180

$903

Median Sold Price Per Sf

$936

$901

$949

$907

AVG Sale Price

$3,820,312

$5,626,866

$8,133,213

$4,224,303

Median Sale Price

$3,525,000

$4,850,000

$4,212,000

$3,151,115

AVG % of List Price Paid

90.74%

86.90%

84.09%

89.08%

Median % of List Price Paid

90.385%

88.14%

84.69%

89.22%

AVG Cumulative Days on Market

279

307

267

353

Worth Ave North to Wells Rd (Area 2) 255 Clarke Avenue - $12,950,000

341 Garden Road - $7,795,000

315 Clarke Avenue - $12,500,000

Q3-2018

Q2-2018

Q1-2018

Q3-2017

Number of Sales

9

13

12

7

AVG Sold Price Per Sf

$987

$967

$963

$798

Median Sold Price Per Sf

$819

$856

$863

$709

AVG Sale Price

$4,454,111

$3,815,124

$3,859,416

$4,490,285

Median Sale Price

$3,640,000

$3,400,000

$3,509,000

$3,400,000

AVG % of List Price Paid

87.74%

86.7%

88.98%

89.50%

Median % of List Price Paid

91.09%

86.98%

89.495%

90.68%

AVG Cumulative Days on Market

393

238

365

336

Q2-2018

Q1-2018

Q3-2017

South of Worth Avenue to Sloan’s Curve (Area 3)

200 Esplanade Way - $5,850,000

Q3-2018

Contact us today for a private and no obligation review of your property’s value.

GARY POHRER Director of Luxury Sales M: 561.262.0856 | gary.pohrer@elliman.com

elliman.com/florida

1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

Number of Sales

5

9

6

4

AVG Sold Price Per Sf

$1,781

$1,440

$1,298

$897

Median Sold Price Per Sf

$1,935

$1,431

$1,094

$965

AVG Sale Price

$15,250,585

$20,302,516

$11,188,666

$7,825,000

Median Sale Price

$10,750,000

$18,250,000

$10,300,000

$7,700,000

AVG % of List Price Paid

82.69%

79.45%

90.77%

86.38%

Median % of List Price Paid

77.90%

81.25%

91.985%

85.96%

AVG Cumulative Days on Market

479

463

293

573

Complete data analysis done using the Palm Beach Board MLS. Search date 09/30/2018 for all sold transactions recorded in sections: 01 (Wells Rd & North), 02 (Worth Ave North to Wells Rd), & 03 (South of Worth Ave to Sloans Curve).

Ranked #1 for sales volume in 2017 for Douglas Elliman Palm Beach and Jupiter offices.

SINGLE FAMILY & TOWNHOMES

3 Q 5

AREA 3

9

Per Square Foot

8

Q3-2018 & CURRENT ACTIVES Area 1 Q3-2018 Solds $967

18

22

AVERAGE PRICE - 20

13

CONDOS

AM

A RE

8

3 Q

2

E SALES HOM BY ILY A

F

ROPERTY TYP E-

SING LE

P BY

01

MORE PROPERTY DETAILS AT THEPOHRERGROUP.COM

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SA L

THE POHRER PORTFOL I O

Area 1 Q3-2018 Actives $1,556

AREA 1

AREA 2

Area 2 Q3-2018 Solds $987 Area 2 Q3-2018 Actives $1,134 Area 3 Q3-2018 Solds $1,781 Area 3 Q3-2018 Actives $1,778

PALM BEACH

THE FLOW

Q3 - 2018

BROUGHT TO YOU BY GARY POHRER

Area 1: Wells Road & North Area 2: Worth Avenue North to Wells Road Area 3: South of Worth Avenue to Sloan’s Curve

341 GARDEN ROAD $7,795,000

Single Family & Townhome Activity Wells Rd & North (Area 1)

Q3-2018 Winter Haven Farm - $15,500,000

Q2-2018

Q1-2018

Q3-2017

Number of Sales

8

35

17

13

AVG Sold Price Per Sf

$967

$952

$1,180

$903

Median Sold Price Per Sf

$936

$901

$949

$907

AVG Sale Price

$3,820,312

$5,626,866

$8,133,213

$4,224,303

Median Sale Price

$3,525,000

$4,850,000

$4,212,000

$3,151,115

AVG % of List Price Paid

90.74%

86.90%

84.09%

89.08%

Median % of List Price Paid

90.385%

88.14%

84.69%

89.22%

AVG Cumulative Days on Market

279

307

267

353

Worth Ave North to Wells Rd (Area 2) 255 Clarke Avenue - $12,950,000

341 Garden Road - $7,795,000

315 Clarke Avenue - $12,500,000

Q3-2018

Q2-2018

Q1-2018

Q3-2017

Number of Sales

9

13

12

7

AVG Sold Price Per Sf

$987

$967

$963

$798

Median Sold Price Per Sf

$819

$856

$863

$709

AVG Sale Price

$4,454,111

$3,815,124

$3,859,416

$4,490,285

Median Sale Price

$3,640,000

$3,400,000

$3,509,000

$3,400,000

AVG % of List Price Paid

87.74%

86.7%

88.98%

89.50%

Median % of List Price Paid

91.09%

86.98%

89.495%

90.68%

AVG Cumulative Days on Market

393

238

365

336

Q2-2018

Q1-2018

Q3-2017

South of Worth Avenue to Sloan’s Curve (Area 3)

200 Esplanade Way - $5,850,000

Q3-2018

Contact us today for a private and no obligation review of your property’s value.

GARY POHRER Director of Luxury Sales M: 561.262.0856 | gary.pohrer@elliman.com

elliman.com/florida

1111 LINCOLN RD, MIAMI BEACH, FL 33139. 305.695.6300 © 2018 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY.

Number of Sales

5

9

6

4

AVG Sold Price Per Sf

$1,781

$1,440

$1,298

$897

Median Sold Price Per Sf

$1,935

$1,431

$1,094

$965

AVG Sale Price

$15,250,585

$20,302,516

$11,188,666

$7,825,000

Median Sale Price

$10,750,000

$18,250,000

$10,300,000

$7,700,000

AVG % of List Price Paid

82.69%

79.45%

90.77%

86.38%

Median % of List Price Paid

77.90%

81.25%

91.985%

85.96%

AVG Cumulative Days on Market

479

463

293

573

Complete data analysis done using the Palm Beach Board MLS. Search date 09/30/2018 for all sold transactions recorded in sections: 01 (Wells Rd & North), 02 (Worth Ave North to Wells Rd), & 03 (South of Worth Ave to Sloans Curve).

Ranked #1 for sales volume in 2017 for Douglas Elliman Palm Beach and Jupiter offices.