Q2-2021 South Florida Real Estate Market Insights

I N S I G H T S

Guiding you home from coast to coast.

Explore our office locations at compass.com/about/offices

Table of Contents

REFLECTION

4

S outh Florida | Broward

6

Overarching Trends * City-by-city Data ** Featured Listings

COMPASS ADVANTAGE

6

COMPASS CONCIERGE

8

South Florida | Palm Beach

BRIDGE LOANS

10

1 7

Overarching Trends *** City-by-city Data ** Featured Listings

PRIVATE EXCLUS IVES

12

COAST TO COAST

14

TERMS DEF INED

16

PROFESS IONAL PERSPECTIVE

18

*All reports are published July 2021 based on Q1 2021 information available on 7/20/2021. Reports presented are based on data supplied by Trendgraphix. Trendgraphix does not guarantee or is not in any way responsible for accuracy. Data maintained by Trendgraphix may not reflect all real estate activities in the outlined markets. Information deemed reliable but not guaranteed. **All reports are published July 2021 based on 90-day average data available on 7/15/2021. Reports presented are based on data supplied by Altos Research. Altos Research does not guarantee or is not in any way responsible for accuracy. Data maintained by Altos Research may not reflect all real estate activities in the outlined markets. Information deemed reliable but not guaranteed. ***All reports are published July 2021 based on monthly information available on 7/20/2021. Reports presented are based on data supplied by Florida Realtors. Florida Realtors do not guarantee or is not in any way responsible for accuracy. Data maintained by Florida Realtors may not reflect all real estate activities in the outlined markets. Information deemed reliable but not guaranteed.

4

C O M P A S S I N S I G H T S

REFLECTION

Looking Back, Looking Ahead

To sum up Florida’s real estate market for the first half of 2021, one word comes to mind: unexpected. Florida has long enjoyed an influx of residents migrating from across the country, and around the world, to call the Sunshine State home. With remote work becoming a permanent option, over 900 people per day are moving to Florida, according to the Palm Beach County Business Development Board. Reasons for this explosive growth in Florida can point to fair weather, a business-friendly climate, and the lack of state income and estate tax. Low-interest rates continue to fuel affordability and drive high absorption rates for housing. Many listing services reveal less than a month’s supply of inventory is available across a wide range of prices. With increased purchase power for home buyers, along with Florida’s affordability compared to other nationwide markets, demand continues to outpace supply. Many existing homeowners are sitting on the sidelines, reluctant to sell due to the competitive bidding process for purchase. Millennials continue to dominate the home buyers’ market, according to the 2021 National Association of Realtors Trends Report. Challenges with supply chain for building materials and domestic appliances, combined with labor issues during the pandemic, are beginning to resolve. This creates opportunities for both homebuilders and consumers seeking to purchase new construction. Florida contains many new frontiers for building homes. The ability to establish communities where land is affordable offers accessibility for buyers, many making purchase offers with cash in hand. For an industry that has been underbuilding since the 2008 financial crisis, residential home construction increased dramatically during the first half of 2021, a trend that should continue into the coming months.

The importance of second-home markets and vacation rentals cannot be underestimated. Short term rental property has become a new asset class, with many real estate investment trusts and investment groups rapidly acquiring them. Tremendous pent-up demand for real estate exists in the international community, likely starting with our northern neighbors in Canada as travel restrictions ease. This will place added strain on a market already oversaturated with buyers, adding pressure on pricing that already exists in most segments of the market. Florida’s extensive geographic size and diverse population make it difficult to summarize without separating into regions. Densely populated South Florida (Miami-Dade, Broward, and Palm Beach counties) has seen huge increases in both median home price and single-family home sales. Demand for condos has steadily risen, as many are either priced out of single-family homes or choose a more maintenance-free lifestyle. Central Florida, Southwest Florida, and Tampa Bay have long been more affordable regions yet currently are experiencing all-time low inventory with higher median prices. Northeast Florida and the Panhandle, also historically affordable, are seeing skyrocketing prices and demand with low supply. We hope this report provides valuable information to navigate the unexpected turns of the market. When you are ready, connect with one of our expert real estate advisors to dive deeper into these trends to understand how to meet your unique goals.

5

M A R K E T R E P O R T Q 2

6

C O M P A S S I N S I G H T S

COMPASS ADVANTAGE

The Compass Advantage

Compass is building the first modern real estate platform. By pairing the industry’s top talent with technology, we make the search and sell experience intelligent and seamless. As an innovative residential real estate firm, we empower our agents so they have more time for advising their clients. With the solutions-driven mindset of a startup and the sophistication of a luxury brand, we take a tech-driven, personalized approach to real estate to help you find your place in the world.

Compass is a licensed real estate broker and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description. All measurements and square footages are approximate. This is not intend- ed to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.

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M A R K E T R E P O R T Q 2

8

C O M P A S S I N S I G H T S

COMPASS CONCIERGE

This Summer, Maximize the Value of Your Home

Compass Concierge is the hassle-free way to sell your home faster, for a higher price. Get fronted for the cost of home improvement services like staging, flooring, painting, and more. When you work with a Compass agent, Concierge can transform your home by unlocking its full potential, all with zero upfront costs and no interest.

Learn more about Compass Concierge at compass.com/concierge /the-pearl-antonacci-group

FRESH PA I NT

UPDATED F LOOR I NG

This information is provided for informational purposes only and is not a solicitation, recommendation, offer or promise to provide services. Rules & Exclusions apply. Compass offers no guarantee or warranty of results. Home must qualify under Compass Concierge guidelines. Subject to additional terms and conditions. Compass reserves the right to refuse, reject, or cancel the program for any reason at any time without liability

UPDATED F LOOR I NG

9

M A R K E T R E P O R T Q 2

LANDSCAP I NG I MPROVEMENTS

STRATEG I C STAG I NG

1 0

C O M P A S S I N S I G H T S

BRIDGE LOANS

Bridge the Gap Between the Home You Have and the Home YouWant When you sell your home with a Compass agent, you gain access to competitive rates and dedicated support from industry-leading lenders, with the exclusive option to get up to six months of your loan payments fronted using Compass Bridge Loans.

Learn more at compass.com/bridge-loan- services /the-pearl-antonacci-group

Compass offers no guarantee or warranty of results, is not a lender and has no influence on underwriting or lending decisions made by the third-party lenders.

1 1

M A R K E T R E P O R T Q 2

1 2

C O M P A S S I N S I G H T S

PRIVATE EXCLUS IVES

Sell Your Home, Keep Your Privacy

Listing your home as a private exclusive allows you to control what information is shared about you and your home, while still getting nationwide exposure to top agents at Compass. You can expect your listing to be an off-market home that can be shared by a Compass agent directly with their colleagues and buyers. Property details aren’t disseminated widely and won’t appear on public search websites.

Learn more at compass.com/private-exclusives / the-pearl-antonacci-group

The Compass Private Exclusive program is not available in all markets and local policy definitions may restrict how Private Exclusive listings can be shared between agents, even within the same brokerage. Where the program is available, pre-marketing and listing strategies are independently determined by the client. Compass does not recommend one particular strategy or guarantee results.

1 3

M A R K E T R E P O R T Q 2

1 4

C O M P A S S I N S I G H T S

Coast to Coast

Founded in 2012, Compass pairs best-in- class agents with cutting-edge technology and unparalleled marketing, becoming the country’s largest independent brokerage in six years. This innovative approach has secured $15 billion in capital from some of the world’s most prominent investors, including SoftBank, Fidelity, and Ken Chenault, CEO of American Express, allowing for the development of transformative tools and recruitment of top talent across every discipline to build a once-in-a-generation company.

1 5

1 6

C O M P A S S I N S I G H T S

Terms Defined

Single-Family A standalone house is a free-standing residential building. It is sometimes

Market Action Index TM Developed by Altos Research, this is an at-a-glance measurement of market conditions. The Index compares rate of sales to inventory to determine if it is a buyer’s market or seller’s market. Inventory / For Sale Inventory represents the active supply of properties on the market. Any time a seller lists a property, it is considered to be

referred to as a single-family home, as opposed to a multi- family residential dwelling. Condo A condominium, often shortened to condo, is a type of living space similar to an apartment but independently sellable and therefore regarded as real estate. New Listings A new property that has recently become available. Under Contract When a buyer has made an offer on a home and the seller has accepted, but the sale has not closed. Pending When the home is under contract and all contingencies have been removed, but the sale is not yet closed. Closed Sales Figures for the last twelve months are based on known closings recorded at the time the report is prepared. Average Sales Price The value of all closed sales divided by the number of properties sold. Sale-to-List Ratio Sold price divided by the original list price, shown as a percentage. If it’s above 100%, the home sold for more than the list price. If it’s less than 100%, the home sold for less than the list price.

part of inventory. Median List Price

The median list price is the price in the very middle of a data set, with exactly half of the houses priced for less and half priced for more. We refer to the median price rather than the average price because it is less affected by outliers or properties that skew the perceived values in a particular housing market. Price Per Square Foot ($/SF) A calculation of the value of each square foot of area of a house or condo, most commonly used to compare similar properties. The price per square foot throughout the report is based on the list price. Months of Inventory Average Days on Market (DOM) The average of the total number of days listings have been active on the market before either an offer is accepted or the agreement between real estate broker and seller ends. A measure of how fast all the existing homes on the market would last assuming a) no more listings are added, and b) the rate at which homes sell is a constant.

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5 4

C O M P A S S I N S I G H T S

A MARKET SNAPSHOT

South Florida | Broward

Fort Lauderdale spans much of this region, also known as the “Venice of America.” Over 500 miles of an expansive canal system allows water lovers to play and dine on the waterways. From exclusive neighborhoods to tight-knit communities, there’s something for everyone in Broward County.

5 5

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - BROWARD COUNTY

1,988

For Sale

-49.1%

5,190

Single-Family Homes

Sold

+60.8%

5,526

Pending

+29%

Months of Inventory

Sale-to-List Ratio

Days on Market

1.1

97%

37

Q2 2021

-74.2%

+2.1%

-37.3%

YoY Change

3,720

For Sale

-54.1%

6,790

Condos

Sold

+135.3%

7,296

Pending

+113.5%

Months of Inventory

Sale-to-List Ratio

Days on Market

1.9

95%

72

Q2 2021

-78%

+2.2%

-2.7%

YoY Change

5 6

C O M P A S S I N S I G H T S

SOUTH FLORIDA - BROWARD COUNTY

Coconut Creek

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

73

23

-68.5%

59

18

-69.5%

Average Active Listings

$203

$228

12.3%

$179

$204

14.0%

Average $/SF

86

35

-59.3%

89

34

-61.8%

Average DOM

$414,473

$463,699

11.9%

$250,032

$254,065

1.6%

Median List Price

Sellers

Sellers

81

83

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Davie

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

202

97

-52.0%

126

80

-36.5%

Average Active Listings

$249

$266

6.8%

$171

$175

2.3%

Average $/SF

164

83

-49.4%

86

70

-18.6%

Average DOM

$861,023

$931,215

8.2%

$213,946

$198,723

-7.1%

Median List Price

Sellers

Sellers

64

72

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

5 7

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - BROWARD COUNTY

Fort Lauderdale

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

1,094

445

-59.3%

1,576

886

-43.8%

Average Active Listings

$337

$393

16.6%

$315

$347

10.2%

Average $/SF

181

120

-33.7%

198

179

-9.6%

Average DOM

$708,730

$826,023

16.5%

$373,203

$394,880

5.8%

Median List Price

Sellers

Sellers

59

46

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Hallandale Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

100

74

-26.0%

854

481

-43.7%

Average Active Listings

$220

$228

3.6%

$247

$269

8.9%

Average $/SF

162

141

-13.0%

252

213

-15.5%

Average DOM

$217,342

$243,446

12.0%

$286,250

$306,411

7.0%

Median List Price

Sellers

Sellers

41

40

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

5 8

C O M P A S S I N S I G H T S

SOUTH FLORIDA - BROWARD COUNTY

Hillsboro Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

6

1

-83.3%

90

44

-51.1%

Average Active Listings

$1,848

$1,600

-13.4%

$381

$409

7.3%

Average $/SF

391

957

144.8%

270

237

-12.2%

Average DOM

$23,100,000

$19,900,000

-13.9%

$484,492

$496,350

2.4%

Median List Price

Buyers

Sellers

21

43

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Hollywood

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

484

209

-56.8%

989

616

-37.7%

Average Active Listings

$260

$297

14.2%

$319

$372

16.6%

Average $/SF

152

97

-36.2%

262

246

-6.1%

Average DOM

$435,265

$487,019

11.9%

$344,950

$379,386

10.0%

Median List Price

Sellers

Sellers

60

40

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

5 9

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - BROWARD COUNTY

Lauderdale-by-the-Sea

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

21

11

-47.6%

99

50

-49.5%

Average Active Listings

$431

$470

9.0%

$352

$474

34.7%

Average $/SF

149

61

-59.1%

204

161

-21.1%

Average DOM

$1,100,000

$1,000,000

-9.1%

$495,276

$663,996

34.1%

Median List Price

Sellers

Sellers

59

44

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Lighthouse Point

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

124

41

-66.9%

51

28

-45.1%

Average Active Listings

$421

$571

35.6%

$187

$210

12.3%

Average $/SF

228

115

-49.6%

132

108

-18.2%

Average DOM

$1,100,000

$2,300,000

109.1%

$221,984

$196,407

-11.5%

Median List Price

Sellers

Sellers

51

50

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

6 0

C O M P A S S I N S I G H T S

SOUTH FLORIDA - BROWARD COUNTY

Oakland Park

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

119

44

-63.0%

115

56

-51.3%

Average Active Listings

$264

$298

12.9%

$159

$192

20.8%

Average $/SF

107

66

-38.3%

116

86

-25.9%

Average DOM

$363,517

$367,761

1.2%

$160,719

$181,045

12.6%

Median List Price

Sellers

Sellers

69

64

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Parkland

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

222

80

-64.0%

14

3

-78.6%

Average Active Listings

$226

$285

26.1%

$219

$262

19.6%

Average $/SF

155

68

-56.1%

94

34

-63.8%

Average DOM

$792,709

$1,200,000

51.4%

$412,922

$425,331

3.0%

Median List Price

Sellers

Sellers

63

57

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

6 1

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - BROWARD COUNTY

Pembroke Pines

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

197

84

-57.4%

351

202

-42.5%

Average Active Listings

$210

$216

2.9%

$156

$160

2.6%

Average $/SF

83

38

-54.2%

108

81

-25.0%

Average DOM

$448,919

$519,750

15.8%

$167,476

$177,023

5.7%

Median List Price

Sellers

Sellers

87

62

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Plantation

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

203

99

-51.2%

155

75

-51.6%

Average Active Listings

$214

$248

15.9%

$144

$165

14.6%

Average $/SF

133

55

-58.6%

97

83

-14.4%

Average DOM

$531,565

$630,061

18.5%

$172,553

$190,938

10.7%

Median List Price

Sellers

Sellers

64

65

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

6 2

C O M P A S S I N S I G H T S

SOUTH FLORIDA - BROWARD COUNTY

Pompano Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

423

207

-51.1%

975

470

-51.8%

Average Active Listings

$217

$255

17.5%

$165

$186

12.7%

Average $/SF

133

54

-59.4%

171

169

-1.2%

Average DOM

$388,136

$466,118

20.1%

$196,640

$204,811

4.2%

Median List Price

Sellers

Sellers

70

58

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Southwest Ranches

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

59

40

-32.2%

N/A

N/A

N/A

Average Active Listings

$367

$434

18.3%

N/A

N/A

N/A

Average $/SF

307

178

-42.0%

N/A

N/A

N/A

Average DOM

$1,800,000

$2,800,000

55.6%

N/A

N/A

N/A

Median List Price

Sellers

Buyers

N/A

37

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

6 3

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - BROWARD COUNTY

Weston

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

165

45

-72.7%

100

44

-56.0%

Average Active Listings

$256

$286

11.7%

$207

$225

8.7%

Average $/SF

134

70

-47.8%

107

66

-38.3%

Average DOM

$658,057

$1,200,000

82.4%

$266,107

$293,361

10.2%

Median List Price

Sellers

Sellers

76

62

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Wilton Manors

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

61

22

-63.9%

49

23

-53.1%

Average Active Listings

$337

$412

22.3%

$227

$249

9.7%

Average $/SF

121

48

-60.3%

94

84

-10.6%

Average DOM

$558,334

$694,761

24.4%

$298,650

$329,653

10.4%

Median List Price

Sellers

Sellers

66

64

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 0 4

C O M P A S S I N S I G H T S

A MARKET SNAPSHOT

South Florida | Palm Beach Made up of 39 vibrant and welcoming communities, including Boca Raton, Jupiter and West Palm Beach, Palm Beach County provides residents with world class experiences and small-town comforts. With 47 miles of pristine coastline to enjoy, there’s a beach for everyone in Palm Beach County.

Click here to s earch Palm Beach County Real Estate

1 0 5

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - PALM BEACH COUNTY

1,870

For Sale

-64.6%

5,449

Single-Family Homes

Sold

+61.1%

5,240

Pending

+25.1%

Months of Inventory

Sale-to-List Ratio

Days on Market

1.0

96

41

Q2 2021

-80.9%

+6.7%

-39.7%

YoY Change

2,224

For Sale

-67.6%

6,583

Condos

Sold

+127.2%

6,352

Pending

+90.1%

Sale-to-List Ratio

Days on Market

Months of Inventory

1.1

95%

59

Q2 2021

-84.9%

+4.4%

-20.3%

YoY Change

1 0 6

C O M P A S S I N S I G H T S

SOUTH FLORIDA - PALM BEACH COUNTY

Boca Raton

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

759

294

-61.3%

947

513

-45.8%

Average Active Listings

$279

$375

34.4%

$193

$221

14.5%

Average $/SF

217

99

-54.4%

161

132

-18.0%

Average DOM

$826,557

$1,200,000

45.2%

$273,082

$298,934

9.5%

Median List Price

Sellers

Sellers

57

51

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Boynton Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

393

120

-69.5%

464

171

-63.1%

Average Active Listings

$184

$235

27.7%

$142

$168

18.3%

Average $/SF

138

70

-49.3%

136

79

-41.9%

Average DOM

$389,930

$452,473

16.0%

$188,584

$212,046

12.4%

Median List Price

Sellers

Sellers

91

70

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 0 7

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - PALM BEACH COUNTY

Delray Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

402

152

-62.2%

707

333

-52.9%

Average Active Listings

$271

$437

61.3%

$149

$149

-0.3%

Average $/SF

221

92

-58.4%

138

98

-29.0%

Average DOM

$769,596

$1,200,000

55.9%

$170,084

$154,602

-9.1%

Median List Price

Sellers

Sellers

55

58

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Highland Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

16

6

-62.5%

104

40

-61.5%

Average Active Listings

$781

$1,925

146.5%

$433

$484

11.8%

Average $/SF

311

256

-17.7%

269

102

-62.1%

Average DOM

$5,100,000

$16,800,000

229.4%

$688,673

$923,589

34.1%

Median List Price

Sellers

Sellers

44

52

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 0 8

C O M P A S S I N S I G H T S

SOUTH FLORIDA - PALM BEACH COUNTY

Juno Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

18

2

-88.9%

50

10

-80.0%

Average Active Listings

$527

$981

86.1%

$335

$389

16.1%

Average $/SF

171

50

-70.8%

181

58

-68.0%

Average DOM

$2,000,000

$3,200,000

60.0%

$470,422

$596,023

26.7%

Median List Price

Sellers

Sellers

37

73

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Jupiter

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

248

102

-58.9%

208

61

-70.7%

Average Active Listings

$318

$406

27.7%

$266

$285

7.1%

Average $/SF

163

68

-58.3%

130

47

-63.8%

Average DOM

$906,291

$1,100,000

21.4%

$423,026

$425,177

0.5%

Median List Price

Sellers

Sellers

62

73

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 0 9

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - PALM BEACH COUNTY

Jupiter Inlet Colony

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

4

0

-100.0%

N/A

N/A

N/A

Average Active Listings

$755

$1,486

96.8%

N/A

N/A

N/A

Average $/SF

102

2

-98.0%

N/A

N/A

N/A

Average DOM

$2,100,000

$6,400,000

204.8%

N/A

N/A

N/A

Median List Price

Sellers

Sellers

N/A

35

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Manalapan

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

13

4

-69.2%

7

1

-85.7%

Average Active Listings

$1,078

$1,852

71.8%

$769

$569

-26.0%

Average $/SF

645

46

-92.9%

216

17

-92.1%

Average DOM

$7,600,000

$23,300,000

206.6%

$984,615

$997,500

1.3%

Median List Price

Sellers

Buyers

32

24

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 1 0

C O M P A S S I N S I G H T S

SOUTH FLORIDA - PALM BEACH COUNTY

North Palm Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

72

23

-68.1%

103

56

-45.6%

Average Active Listings

$580

$809

39.5%

$262

$290

10.7%

Average $/SF

206

103

-50.0%

152

94

-38.2%

Average DOM

$2,200,000

$3,800,000

72.7%

$391,046

$425,914

8.9%

Median List Price

Sellers

Sellers

46

56

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Palm Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

101

30

-70.3%

253

72

-71.5%

Average Active Listings

$1,575

$2,739

73.9%

$660

$757

14.7%

Average $/SF

312

77

-75.3%

230

107

-53.5%

Average DOM

$6,900,000

$12,900,000

87.0%

$943,200

$1,200,000

27.2%

Median List Price

Sellers

Sellers

35

48

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 1 1

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - PALM BEACH COUNTY

Palm Beach Gardens

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

347

101

-70.9%

191

78

-59.2%

Average Active Listings

$271

$360

32.8%

$197

$229

16.2%

Average $/SF

215

53

-75.3%

105

62

-41.0%

Average DOM

$786,339

$1,000,000

27.2%

$287,248

$362,657

26.3%

Median List Price

Sellers

Sellers

64

71

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Palm Beach Shores

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

3

2

-33.3%

13

7

-46.2%

Average Active Listings

$345

$527

52.8%

$320

$760

137.5%

Average $/SF

252

32

-87.3%

274

216

-21.2%

Average DOM

$644,423

$1,200,000

86.2%

$306,692

$1,800,000

486.9%

Median List Price

Sellers

Sellers

54

34

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 1 2

C O M P A S S I N S I G H T S

SOUTH FLORIDA - PALM BEACH COUNTY

Singer Island

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

9

3

-66.7%

127

49

-61.4%

Average Active Listings

$487

$617

26.7%

$425

$547

28.7%

Average $/SF

91

14

-84.6%

231

216

-6.5%

Average DOM

$977,884

$1,200,000

22.7%

$741,546

$827,461

11.6%

Median List Price

Sellers

Sellers

57

56

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

Tequesta

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

37

16

-56.8%

35

12

-65.7%

Average Active Listings

$350

$582

66.3%

$207

$204

-1.4%

Average $/SF

158

51

-67.7%

90

63

-30.0%

Average DOM

$1,100,000

$1,800,000

63.6%

$273,196

$222,457

-18.6%

Median List Price

Sellers

Sellers

58

65

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

1 1 3

M A R K E T R E P O R T Q 2

SOUTH FLORIDA - PALM BEACH COUNTY

Wellington

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

375

214

-42.9%

118

47

-60.2%

Average Active Listings

$311

$537

72.7%

$209

$291

39.2%

Average $/SF

268

242

-9.7%

162

100

-38.3%

Average DOM

$1,100,000

$2,100,000

90.9%

$351,463

$552,346

57.2%

Median List Price

Sellers

Sellers

48

53

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

West Palm Beach

SINGLE FAMILY INVENTORY

CONDO INVENTORY

YoY Change

YoY Change

Q2 2020

Q2 2021

Q2 2020

Q2 2021

512

221

-56.8%

988

463

-53.1%

Average Active Listings

$213

$285

33.8%

$146

$144

-1.4%

Average $/SF

161

73

-54.7%

157

118

-24.8%

Average DOM

$422,515

$505,368

19.6%

$172,140

$156,523

-9.1%

Median List Price

Sellers

Sellers

65

56

Q2 Market Action Index TM*

0 Buyers

30

100

0 Buyers

30

100

Sellers

Sellers

* Graph Legend

Buyer’s Market (Supply>Demand)

Seller’s Market (Demand>Supply)

Balanced Marked (Demand = Supply)

For questions or more information visit pearlantonacci .com

Not intended to solicit currently listed property. © Compass Florida, LLC. Equal Housing Opportunity. All information furnished regarding property for sale or rent or regarding financing is from sources deemed reliable, but Compass makes no warranty or representation as to the accuracy thereof. All property information is presented subject to errors, omissions, price changes, changed property conditions, and withdrawal of the property from the market, without notice.

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