FL ARCHIVED July 2017 | Page 94

Market Action Report July 2017
Community Information | School District
Market Action Report July 2017

City : Pembroke Pines

Price Range : All | Properties : SFH - Con
Trending versus *:
Trending versus *:
Market Profile & Trends Overview
Month
LM
L3M
PYM
LY
YTD
Prior YTD
Prior Year
Median List Price of all Current Listings
$ 262,500
-5%
-1%
Average List Price of all Current Listings
$ 285,498
-2%
3 %
July Median Sales Price
$ 327,000
-0%
5 %
14 %
18 %
$ 290,000
5 %
4 %
July Average Sales Price
$ 305,401
-0%
4 %
11 %
14 %
$ 279,370
7 %
5 %
Total Properties Currently for Sale ( Inventory )
528 -11%
-28%
July Number of Properties Sold
184 -21%
-18%
1,334
-0%
July Average Days on Market ( Solds )
42 -14% -16% -34% -37%
56
-18%
-16%
Asking Price per Square Foot ( based on New Listings )
$ 170
-2%
0 %
7 %
10 %
$ 166
8 %
7 %
July Sold Price per Square Foot
$ 166
-1%
1 %
9 %
13 %
$ 158
10 %
7 %
July Month ' s Supply of Inventory
2.9
14 %
1 %
-12% -28%
3.3
-23%
-17%
July Sale Price vs List Price Ratio
96.0 %
. 0 %
-. 1 % -. 3 %
. 5 %
95.9 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
July Property sales were 184 , down 17.9 % from 224 in July of
2016 and 21.4 % lower than the 234 sales last month . July 2017
Property sales were Sales at their lowest level compared to July of 2016 and
300
250
July
2015 Property . July YTD sales sales were of 184 1,334 , down are 17.9 running % from 0.1 224 % behind July of last
2016 year and ' s year-to-date 21.4 % lower sales than of the 1,335 234 . sales last month . July 2017 sales were at their lowest level compared to July of 2016 and
250
200
2015 . July YTD sales of 1,334 are running 0.1 % behind last year ' s year-to-date sales of 1,335 .
200
150
150
100
Prices
The Median Sales Price in July was $ 327,000 , up 14.3 % from
Prices
$ 286,000 in July of 2016 and down 0.2 % from $ 327,750 last
340
The month Median . The Sales Average Price Sales in July Price was $ in 327,000 July was , up $ 305,401 14.3 % from , up 11.0 %
$ from 286,000 $ 275,256 in July in of July 2016 of and 2016 down and 0.2 down % from 0.3 % $ 327,750 from $ 306,306 last
340
320
month last month . The . Average July 2017 Sales ASP Price was in at July the was highest $ 305,401 level , compared up 11.0 % to from $ 275,256 in July of 2016 and down 0.3 % from $ 306,306
320
July of 2016 and 2015 . last month . July 2017 ASP was at the highest level compared to
300
300
280
July of 2016 and 2015 .
280
260
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100
50
0
50
0
260 240
240 220
167 180 165
Number of Properties Sold
A
S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
14
15
16
17
J
F M A
MMedian J
J A SSales O N DPrice
J
F Mand A MAverage J
J
A S Sales O N D Price
J
F M A M J
15
16
17
J
Median Sales Price and Average Sales Price
167 180 165 140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 208 192 211 226 224 219 191 166 138 197 132 143 220 219 202 234 184
A S O N D
14
140 208
220
200
200
A
A
S O N D
J
F M A M J
J
A S O N D
J
F M A M J
J
A S O N D
J
F M A M J
S
14 O N D
J
F M
15 A M J
J
A S O N D
J
F M
16 A M J
J
A S O N D
J
F M A
17 M J
J
14
15
16
17
Inventory & MSI
Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory
The Total Inventory & MSI of Properties available for sale as of July
The was Total 528 , Inventory down 10.7 of % Properties from 591 available last month for and sale down as of July 27.6 % from
1,000 was 729528 in , July down of 10.7 last % year from . July 591 last 2017 month Inventory and down was at 27.6 its % lowest from
1,000
800
729 level in compared July of last with year . July of 2017 2016 Inventory and 2015 was . at its lowest
800 level compared with July of 2016 and 2015 .
600
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
5.0
400
4.0
A comparatively lower MSI is more beneficial for sellers while a
400
A higher comparatively MSI is better lower MSI for buyers is more . The beneficial July 2017 for sellers MSI of while 2.9 a higher months MSI was is better at its lowest for buyers level . The compared July 2017 with MSI July of 2.9 of 2016 and
200 months
2015 . was at its lowest level compared with July of 2016 and
2015 .
0
3.0
200
2.0
1.0
0
0.0
A
S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
A
S O N D J
F M A M J
J A S O N D J
F M A M J
J A S O N D J
F M A M J
J
14
15
16
17
14
15
16
17
J
136 125 175 203
844 869 906 885 833 869 855 813 795
183
844 869 906 885 833 869 855 813 795 765 786 770
245
796 771 754
Number of Properties Sold
237 215 192 184
765 786 770 796 771 754
673 663
734 173 231 131 143
801 851 833 799
673 663
208 192 211 226
734 801 851 833 799 731 729 224 219 191
731 729 688 654 623 616 604 628
166 138
630 590 595 197 132
628 591
3 Mo Avg
143
3 Mo Avg
528 220 219
688 654 623 616 604 628 630 590 595 628
3 Mo Avg
202 234
591 528
184
J
3 Mo Avg
J
8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
94 | c o l d w e l l b a n k e r h o m e s . c o m
Data is provided courtesy of Greater Fort Lauderdale REALTORS , REALTOR Association of Martin County , Miami Association of REALTORS , My Florida Regional MLS , Naples Area Board of REALTORS , REALTORS Association of the Palm Beaches , Space Coast Asso does not warrant or guarantee the accuracy of this information . It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer ’ s real estate transaction .