FL ARCHIVED August 2017 | Page 94

Market Action Report August 2017
Community Information | School District
Market Action Report August 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
$ 259,950
-2%
4 %
Average List Price of all Current Listings
$ 291,100
1 %
6 %
August Median Sales Price
$ 305,000
-7%
-2%
1 %
10 %
$ 298,000
7 %
7 %
August Average Sales Price
$ 292,350
-5%
-1%
2 %
9 %
$ 281,208
6 %
5 %
Total Properties Currently for Sale ( Inventory )
528
-5%
-24%
August Number of Properties Sold
179
-9%
-18%
1,531
-2%
August Average Days on Market ( Solds )
43
2 %
-10% -38% -36%
55
-19%
-18%
Asking Price per Square Foot ( based on New Listings )
$ 172
2 %
1 %
12 %
11 %
$ 167
8 %
8 %
August Sold Price per Square Foot
$ 166
-0%
0 %
9 %
13 %
$ 159
10 %
8 %
August Month ' s Supply of Inventory
2.9
5 %
7 %
-7%
-26%
3.3
-21%
-18%
August Sale Price vs List Price Ratio
95.4 %
-. 5 % -. 5 % -. 9 %
-. 1 %
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
August Property sales were 179 , down 18.3 % from 219 in August
of 2016 and 9.1 % lower than the 197 sales last month . August
Property
2017 sales Sales were at their lowest level compared to August of 2016
300
250
August and 2015 Property . August sales YTD were sales 179 , of down 1,531 18.3 are % running from 2191.5 in % August behind of last 2016 year and ' s year-to-date 9.1 % lower than sales the of 197 1,555 sales . last month . August
250
2017 sales were at their lowest level compared to August of 2016
200
and 2015 . August YTD sales of 1,531 are running 1.5 % behind last year ' s year-to-date sales of 1,555 .
200
150
150
100
Prices
The Median Sales Price in August was $ 305,000 , up 1.3 % from
Prices
$ 301,000 in August of 2016 and down 7.3 % from $ 329,000 last
340
The month Median . The Sales Average Price Sales in August Price was in August $ 305,000 was , up $ 292,350 1.3 % from , up
$
1.7 301,000 % from in $ August 287,509 of 2016 in August and down of 2016 7.3 and % from down $ 329,000 4.8 % from last
340
320
month
$ 307,170 . The last Average month Sales . August Price in 2017 August ASP was $ at 292,350 the highest , up level
1.7 % from $ 287,509 in August of 2016 and down 4.8 % from
320 compared to August of 2016 and 2015 .
$ 307,170 last month . August 2017 ASP was at the highest level
300
300
280
compared to August 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
180 165
Number of Properties Sold
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
14
15
16
17
J
F M A M
Median J
J A S OSales N D JPrice F M Aand M JAverage
J
A S O Sales N D
J Price
F M A M J
15
16
17
J
A
3 Mo Avg
Median Sales Price and Average Sales Price
180 165 140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 209 192 211 226 224 219 191 166 139 197 132 143 220 221 202 237 197 179
S O N D
14
140 208 136 125
220
200
200
S
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
O
14 N D
J
F
15 M 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
A
J
A
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 August
The was Total 528 , Inventory down 4.5 of % Properties from 553 last available month for and sale down as of 23.6 August % from
1,000 was 691528 in , August down 4.5 of % last from year 553 . August last month 2017 and Inventory down 23.6 was % at from its
1,000
800
691 lowest in August level compared of last year with . August August 2017 of Inventory 2016 and was 2015 at . its
800 lowest level compared with August 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 August for 2017 sellers MSI while of 2.9 a higher months MSI was is better at its lowest for buyers level . The compared August with 2017 August MSI of 2.9 of 2016
200 months and 2015 was
. at its lowest level compared with August of 2016 and 2015 .
0
3.0
200
2.0
1.0
0
0.0
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 O N D J
F M A M J
J A
14
15
16
17
14
15
16
17
175 203 183
869 906 885 833 869 855 813 795 765
869 906 885 833 869 855 813 795 765 786 770
245 237
796 771 754
Number of Properties Sold
215 192 184
786 770 796 771 754
673 663
734 173 231 131 143
801 851 835 801
673 663
734
209 192 211 226 224
801 851 835 801 733 731 691 219 191
733 731 691 657 627 620 608 633
166 139 197 132 143
3 Mo Avg
220
3 Mo Avg
635 599 604 632 604 553 528 221 202
657 627 620 608 633 635 599 604 632 604
3 Mo Avg
237 197
553 528
179
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 .