FL ARCHIVED March 2018 | Page 188

Community Information | School District
Market Action Report March 2018

City : Pembroke Pines Price Range : All | Properties : SFH - Con

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 March was 64 , up 1.6 % from 63 days last month and up 3.2 % from 62 days in March of last year . The March 2018 DOM was at a mid level compared with March 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 March 2018 Selling Price per Square Foot of $ 145 was down 1.7 % from $ 148 last month and up 3.5 % from 140 in March 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 March 2018 Selling Price vs Original List Price of 96.1 % was up from 95.8 % last month and down from 96.5 % in March of last year .
Agent Name

Pembroke Pines

Title
Phone Website Other
Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United , Realtors | Price Range : All | Property Types : SFH - Con
80 70 60 50 40 30 20 10
Days On Market for Sold Properties
Selling Price versus Listing Price Ratio
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
15
16
17
18
Inventory / New Listings / Sales
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 Association of REALTORS 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 .
72
0
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
15
16
17
18
Selling Price per Square Foot
3 Mo Avg
200 190 180 170 160 150 140 130 120 110 100
98 % 97 % 97 % 96 % 96 % 95 % 95 % 94 % 94 % 93 % 93 %
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
900
shows the basic annual seasonality of the market as well as the
800
relationship between these items . The number of New Listings
700
in March 2018 was 222 , up 22.7 % from 181 last month and down
22.1 % from 285 in March of last year .
600
500

Community Information | School District

400 300 200 100
0
135
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
15
16
17
18
794 760 782 766 790 758
715
Avg Selling Price divided by Avg Listing Price for sold properties during the month
679 662
732 799
95.3 %
850 834 800 735 734 692 660 632 622 611 635 641
62
140
96.5 %
601 608 639 612 569 571 565 553 532
3 Mo Avg
3 Mo Avg
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
15
16
17
18
510 525 504
64
145
96.1 %
468
c o l d w e l l b a n k e r h o m e s . c o m | 95 ciation of REALTORS , Flagler County Association of REALTORS , Bonita Springs-Estero Association of REALTORS , Royal Palm Coast REALTOR Association , Navarre Area Board of REALTORS , Emerald Coast Association of REALTORS , Pensacola Association of REALTORS and may