Pembroke Pines Community Information | School District
Pembroke Pines Community Information | School District
Market Time The average Days On Market ( DOM ) shows how many days the average Property is on the market before it sells . An upward trend in DOM tends to indicate a move towards more of a Buyer ' s market , a downward trend a move towards more of a Seller ' s market . The DOM for January was 68 , up 6.3 % from 64 days last month and up 1.5 % from 67 days in January of last year . The January 2018 DOM was at a mid level compared with January of 2017 and 2016 .
Selling Price per Square Foot The Selling Price per Square Foot is a great indicator for the direction of Property values . Since Median Sales Price and Average Sales price can be impacted by the ' mix ' of high or low end Properties in the market , the selling price per square foot is a more normalized indicator on the direction of Property values . The January 2018 Selling Price per Square Foot of $ 151 was up 6.6 % from $ 141 last month and up 7.0 % from 141 in January of last year .
Selling Price vs Original Listings Price The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price . The lower the ratio is below 100 % the more of a Buyer ' s market exists , a ratio at or above 100 % indicates more of a Seller ' s market . The January 2018 Selling Price vs Original List Price of 95.6 % was up from 94.2 % last month and up from 95.4 % in January of last year .
80 70 60 50 40 30 20 10
Days On Market for Sold Properties
66 67 68
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Selling Price per Square Foot |
3 Mo Avg |
200 190 180 170 160 150 140 130 120 110 100
98 % 97 % 96 % 95 % 94 % 93 %
134
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141
Selling Price versus Listing Price Ratio Avg Selling Price divided by Avg Listing Price for sold properties during the month
95.7 % 95.4 %
3 Mo Avg
3 Mo Avg
151
95.6 %
Inventory / New Listings / Sales This last view of the market combines monthly inventory of Properties for sale along with New Listings and Sales . The graph shows the basic annual seasonality of the market as well as the relationship between these items . The number of New Listings in January 2018 was 198 , up 73.7 % from 114 last month and down 30.0 % from 283 in January of last year .
92 %
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Inventory / New Listings / Sales |
852 810 794 760 782 766 790 758 715 679 662
732
799 850 834 800 735 734
692
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660 632 622 611 635 640 600 605 637 611 567 568 562 549 524 500 502 c o l d w e l l b a n k e r h o m e s . c o m | 95