FL ARCHIVED February 2018 | Page 186

Market Action Report February 2018
Community Information | School District
Market Action Report February 2018

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
$ 252,000
-10%
3 %
Average List Price of all Current Listings
$ 282,677
-1%
3 %
February Median Sales Price
$ 315,000
3 %
5 %
58 %
6 %
$ 313,000
34 %
5 %
February Average Sales Price
$ 284,168
-5%
1 %
22 %
1 %
$ 290,787
18 %
4 %
Total Properties Currently for Sale ( Inventory )
489
-5%
-24%
February Number of Properties Sold
103
34 %
-28%
180
-35%
February Average Days on Market ( Solds )
64
-7%
0 %
-11%
10 %
66
-4%
14 %
Asking Price per Square Foot ( based on New Listings )
$ 152
-1%
-1%
3 %
1 %
$ 153
3 %
1 %
February Sold Price per Square Foot
$ 149
-1%
3 %
11 %
3 %
$ 150
9 %
4 %
February Month ' s Supply of Inventory
4.7 -29% -8%
6 %
31 %
5.7
23 %
58 %
February Sale Price vs List Price Ratio
95.6 %
-. 2 %
. 5 %
. 7 %
. 1 %
95.7 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
300
February Property sales were 103 , down 28.0 % from 143 in
February of 2017 and 33.8 % higher than the 77 sales last month .
Property
February 2018 Sales sales were at their lowest level compared to
300
250
February Property of 2017 sales and 2016 were . 103 February , down 28.0 YTD % sales from of 143 180 in are
February running of 34.5 2017 % behind and 33.8 last % higher year ' s than year-to-date the 77 sales sales last of month 275 . .
February 2018 sales were at their lowest level compared to
250
200
February of 2017 and 2016 . February YTD sales of 180 are running 34.5 % behind last year ' s year-to-date sales of 275 .
200
150
150
100
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100 50
Number of Properties Sold
50 0 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
0 15 16
17 18
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 Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg
The Median Sales Price in February was $ 315,000 , up 57.5 %
Prices from $ 200,000 in February of 2017 and up 3.3 % from 340
Median Sales Price and Average Sales Price
3 Mo Avg
The $ 305,000 Median last Sales month Price . in The February Average was Sales $ 315,000 Price , in up February 57.5 % was from $ 284,168 $ 200,000 , up 22.1 in February % from $ of 232,684 2017 and in up February 3.3 % from of 2017 and 320
340 $ down 305,000 5.2 last % from month $ 299,642 . The Average last month Sales . Price February in February 2018 ASP was was
$ 284,168 , up 22.1 % from $ 232,684 in February of 2017 and 320
300 at the highest level compared to February of 2017 and 2016 . down 5.2 % from $ 299,642 last month . February 2018 ASP was 300 280
at the highest level compared to February of 2017 and 2016 .
280 260
260 240
240 220
220 200 200
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
15 M J J A S O N D J F M
16 A M J J A S O N D J F M
17 A M J J A S O N D J F
18
15 16
17 18
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of Total Inventory & Month ' s Supply of Inventory ( MSI )
The February Total Inventory was 489 , of down Properties 5.4 % from available 517 for last sale month as of and down 900
8.0
February 23.7 % from was 641 489 , in down February 5.4 % from of last 517 year last . month February and 2018 down 900 800
8.0 7.0
23.7 Inventory % from 641 was in at February its lowest of level last year compared . February with 2018 February of 800 700
7.0 6.0
Inventory 2017 and was 2016 at . its lowest level compared with February of 700 600
6.0 5.0
2017 and 2016 .
600 500 5.0
500 4.0
400 4.0
A comparatively lower MSI is more beneficial for sellers while
400 a 300
3.0
3.0
A comparatively lower MSI is more beneficial for sellers while a 300 higher MSI is better for buyers . The February 2018 MSI of 4.7 200
2.0 higher MSI is better for buyers . The February 2018 MSI of 4.7 200 2.0 months was at a mid level compared with February of 2017 and 100 1.0 months was at a mid level compared with February of 2017 and 100 1.0
2016 . 0
0.0 2016 .
0
0.0 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 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 15
16 17
18 15
16 17
18
175 203 183 245 237 215 192 184 173 231 131 143 210 192 211 226 224 220 192 166 140 198 132 143 221 221 203 239 200 202 123 115 131 126 77 103
810
175 203 183 245 237 215 192 184 173 231
Number of Properties Sold
794
760 810
782 794
766 760
790 782
758 766
715 790
679 758 662
715 732 679 799
662 850 732 834
799 800
850 735
834
734 692
800
660 735
632 734
622 692
611 660
635 632
641 622
131 143 210 192 211 226 224 220 192 166 140 611 601
198 635 606
132 641 637
143 601 611
221 606 567
221 637
569 203 611
563 551
239 567
528 200 569
505 202 563
3 Mo Avg
517 123 551 489
115 528
131 505
3 Mo Avg
126
517 77
489
103
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 .