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
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.