FL ARCHIVED June 2017 - Page 94

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 $272,500 -2% 5% Average List Price of all Current Listings $294,198 1% 3% June Median Sales Price $325,000 26% 9% 16% 17% $280,000 3% 1% June Average Sales Price $303,913 13% 7% 14% 14% $273,792 6% 3% Total Properties Currently for Sale (Inventory) 560 -8% -23% June Number of Properties Sold 221 11% -2% 1,132 2% June Average Days on Market (Solds) 49 -13% -11% -26% -27% 58 -16% -13% Asking Price per Square Foot (based on New Listings) $174 2% 3% 7% 12% $166 8% 7% June Sold Price per Square Foot $166 3% 4% 13% 13% $156 10% 6% June Month's Supply of Inventory 2.5 -17% -8% -22% -36% 3.3 -25% -16% June Sale Price vs List Price Ratio 96.1% .0% -.1% .2% .6% 96.0% 1% 1% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Pembroke Pines Community Information | School District Property Sales June Property sales were 221, down 2.2% from 226 in June of 2016 and 11.1% higher than the 199 sales last month. June 2017 sales were at their lowest level compared to June of 2016 and 2015. June YTD sales of 1,132 are running 1.9% ahead of last year's year-to-date sales of 1,111. 300 250 200 Number of Properties Sold 3 Mo Avg 150 100 50 Prices The Median Sales Price in June was $325,000, up 15.9% from $280,300 in June of 2016 and up 26.0% from $258,000 last month. The Average Sales Price in June was $303,913, up 13.5% from $267,690 in June of 2016 and up 12.9% from $269,261 last month. June 2017 ASP was at the highest level compared to June of 2016 and 2015. 0 340 320 300 280 260 240 220 200 211 167 180 165 140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 208 192 211 226 224 219 191 166 138 197 132 143 220 217 199 221 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 14 15 16 17 Median Sales Price and Average Sales Price 3 Mo Avg 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 14 15 16 17 Inventory & MSI The Total Inventory of Properties available for sale as of June was 560, down 8.2% from 610 last month and down 23.3% from 730 in June of last year. June 2017 Inventory was at its lowest level compared with June of 2016 and 2015. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2017 MSI of 2.5 months was at its lowest level compared with June of 2016 and 2015. 1,000 800 600 400 200 0 Total Inventory & Month's Supply of Inventory (MSI) 812 844 869 906 885 833 869 855 813 795 765 786 770 796 770 753 J A S O N D J F M A M J 14 15 672 662 733 J A S O N D J F M A M J 16 800 850 832 798 730 727 686 652 621 615 603 627 627 583 582 610 560 J A S O N D J F M A M J 17 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 94 | c o l d w e l l b a n k e r h o m e s.c o m Market Action Report June 2017 Pembroke Pines Market Action Report City: Pembroke Pines Agent Name Title Phone Agent Name Website Title Other June 2017 City: Pembroke Pines Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY $272,500 -2% 5% Other $294,198 Trending 1% versus*: 3% Month LM 26% L3M 9% PYM 16% LY $325,000 $272,500 -2% 13% 7% 5% 14% $303,913 $294,198 560 1% -8% 3% -23% $325,000 221 26% 11% 9% 16% -2% 17% $303,913 13% 7% 14% 14% 49 -13% -11% -26% 560 -8% -23% $174 2% 3% 7% 221 11% -2% $166 3% 4% 13% 49 -13% -11% -26% -27% 2.5 -17% -8% -22% $174 2% 3% 7% 12% 96.1% .0% -.1% .2% Average List Price of all Current Listings Market Profile & Trends June Median Sales Price Overview Median List Price of all Price Current Listings June Average Sales Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) June Sales Price June Median Number of Properties Sold June Average Sales Price June Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) June Number of Properties Sold June Sold Price per Square Foot June Average Days on Market (Solds) June Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) June Sale Price vs List Price Ratio June Sold Price per Square Foot June Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 300 June Property sales were 221, down 2.2% from 226 in June of 2016 and 11.1% higher than the 199 sales last month. June 2017 250 Property sales were Sales at their lowest level compared to June of 2016 and 300 June Property sales sales were of 221, down from 1.9% 226 in June of of last 2015. June YTD 1,132 are 2.2% running ahead 2016 and 11.1% higher sales than of the 199 sales last month. 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