FL ARCHIVED September 2017 | Page 94

Market Action Report September 2017
Community Information | School District
Market Action Report September 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
$ 256,750
-3%
5 %
Average List Price of all Current Listings
$ 287,564
-1%
5 %
September Median Sales Price
$ 317,500
2 %
-1%
10 %
14 %
$ 299,000
7 %
8 %
September Average Sales Price
$ 279,979
-5%
-7%
0 %
5 %
$ 281,444
6 %
5 %
Total Properties Currently for Sale ( Inventory )
532
-3%
-19%
September Number of Properties Sold
104 -47%
-46%
1,655
-5%
September Average Days on Market ( Solds )
62
38 %
29 %
-7%
-7%
55
-19%
-18%
Asking Price per Square Foot ( based on New Listings )
$ 179
5 %
4 %
13 %
15 %
$ 167
8 %
8 %
September Sold Price per Square Foot
$ 163
-2%
-2%
8 %
11 %
$ 159
9 %
8 %
September Month ' s Supply of Inventory
5.1
84 %
43 %
49 %
28 %
3.5
-15%
-13%
September Sale Price vs List Price Ratio
94.3 % -1.3% -1.3% -. 2 % -1.2%
95.8 %
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
September Property sales were 104 , down 45.5 % from 191 in
September of 2016 and 46.9 % lower than the 196 sales last
Property month . September Sales 2017 sales were at their lowest level
300
250
September compared Property to September sales were of 2016 104 , and down 2015 45.5 . % September from 191 in YTD
September sales of 1,655 of 2016 are and running 46.9 % 5.2 lower % behind than the last 196 year sales ' s year-to-date last
250 month sales . of September 1,746 . 2017 sales were at their lowest level compared to September of 2016 and 2015 . September YTD
200 sales of 1,655 are running 5.2 % behind last year ' s year-to-date
200
150
sales of 1,746 .
150
100
Prices
The Median Sales Price in September was $ 317,500 , up 9.6 %
Prices from $ 289,700 in September of 2016 and up 2.1 % from
340
The
$ 311,000 Median last Sales month Price . in The September Average was Sales $ 317,500 Price in , up September 9.6 % was from
$ 279,979 $ 289,700 , up 0.1 in September % from $ 279,581 of 2016 in and September up 2.1 % from of 2016 and
340
320
$ down 311,000 5.1 last % from month $ 295,156 . The Average last month Sales . Price September in September 2017 ASP was was $ 279,979 , up 0.1 % from $ 279,581 in of
320 at the highest level compared to September of 2016 and 2015 . down 5.1 % from $ 295,156 last month . September 2017 ASP was
300
300
280
at the highest level compared to September of 2016 and 2015 .
280
260
260
240
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100
50
0
50
0
240 220
165
Number of Properties Sold
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
A S
14
15
16
17
J
F M A M J
15
Median
J
A S O NSales D J FPrice M A Mand J JAverage
A S O N Sales D
J
F Price M A M J
16
17
J
A S
3 Mo Avg
Median Sales Price and Average Sales Price
165 140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 209 192 211 226 224 219 191 166 139 197 132 143 220 221 203 238 198 196 104
O N D
14
140 208 136 125 175
220
200
200
O
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
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
A S
J
A S
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
The
September Total Inventory was 532 of , down Properties 2.6 % available from 546 for last sale month as of and down
1,000
September
19.0 % from was 657 532 in , down September 2.6 % from of last 546 year last . month September and down 2017
1,000
800
19.0
Inventory % from 657 was in at September its lowest level of last compared year . September with September 2017 of
800
Inventory
2016 and was 2015 at . its lowest level compared with September of
600
2016 and 2015 .
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 for MSI buyers is more . The beneficial September for sellers 2017 while MSI a of 5.1 higher months MSI was is better at its highest for buyers level . The compared September with 2017 September MSI of 5.1 of
200 months
2016 and was 2015 at its . highest level compared with September of
2016 and 2015 .
0
3.0
200
2.0
1.0
0
0.0
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
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 A S
14
15
16
17
14
15
16
17
906 885 833 869 855 813 203 183
906 885 833 869 855 813 795 765 786 770
245
795 765 786
237
796 771 754
215
770 796
Number of Properties Sold
192 184
771 754
673 663
734 173 231 131 143
801 851 835 801
673 663
209
734 801 851
192
835
801 211 226
733
731 224 219
691
657 191 166
733 731 691 657 628 621 608 634 637
139
628 621 608 197 132
634
637 143 220
601 606
3 Mo Avg
221
3 Mo Avg
601 606 634 606 560 546 532
203
634 606
238
3 Mo Avg
198 196
560 546 532
104
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
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 Assoc
94 | c o l d w e l l b a n k e r h o m e s . c o m 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 .