FL ARCHIVED May 2017 | Page 96

Market Action Report May 2017
Community Information | School District
Market Action Report May 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
$ 289,000
8 %
17 %
Average List Price of all Current Listings
$ 298,223
4 %
10 %
May Median Sales Price
$ 258,000
-16% -5% -10%
-7%
$ 270,000
1 %
-3%
May Average Sales Price
$ 268,930
-6%
0 %
-1%
1 %
$ 266,674
4 %
0 %
Total Properties Currently for Sale ( Inventory )
574
2 %
-28%
May Number of Properties Sold
191 -12%
-9%
900
2 %
May Average Days on Market ( Solds )
56
8 %
-7% -16% -16%
61
-12%
-9%
Asking Price per Square Foot ( based on New Listings )
$ 171
2 %
3 %
8 %
10 %
$ 165
9 %
6 %
May Sold Price per Square Foot
$ 161
1 %
4 %
8 %
10 %
$ 154
9 %
5 %
May Month ' s Supply of Inventory
3.0
15 %
9 %
-21% -25%
3.5
-26%
-13%
May Sale Price vs List Price Ratio
95.6 %
-. 6 % -. 3 % -. 4 %
. 1 %
95.8 %
1 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
May Property sales were 191 , down 9.5 % from 211 in May of
2016 and 11.6 % lower than the 216 sales last month . May 2017
Property sales were Sales at a mid level compared to May of 2016 and 2015 .
300
250
May
May Property YTD sales sales of were 900 are 191 , running down 9.51.8 % from % ahead 211 in of May last year of ' s yearto-date and sales 11.6 % of lower 884 . than the 216 sales last month . May 2017
2016
250 sales were at a mid level compared to May of 2016 and 2015 .
200
May YTD sales of 900 are running 1.8 % ahead of last year ' s yearto-date sales of 884 .
200
150
150
100
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100 50
Number of Properties Sold
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in May was $ 258,000 , down 9.8 % from
J
14
J
A S O N D
J
F
MMedian A M J JSales A S OPrice N D Jand
F MAverage A M J
J Sales
A S O Price N D
J
F M A M
15
16
17
3 Mo Avg
Prices
$ 286,000 in May of 2016 and down 15.8 % from $ 306,375 last
The month Median . The Sales Average Price Sales in May Price was $ in 258,000 May was , down $ 268,930 9.8 % , from down
$
1.1 286,000 % from in $ May 271,801 of 2016 in May and of down 201615.8 and % down from $ 6.1 306,375 % from last
340
340
320
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 286,346 . The last Average month Sales . May Price 2017 in May ASP was $ at 268,930 a mid , range down
1.1 compared % from $ 271,801 to May in of May 2016 of and 2016 2015 and . down 6.1 % from
$ 286,346 last month . May 2017 ASP was at a mid range
320
300
300
280
compared to May of 2016 and 2015 .
280
260
260 240
240 220
151 211 167 180 165 140
151 211 167 180 165 140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 207 192 211 226 224 219 191 166 138 197 132 142 219 216 191
220
200
200
J
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
14
A S O N D
J
F M
15 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
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 May
The was Total 574 , Inventory up 1.6 % from of Properties 565 last available month and for down sale as 28.3 of May % from
1,000 was 800574 in , May up 1.6 of % last from year 565 . last May month 2017 Inventory and down 28.3 was % at from its lowest
1,000
800
800 level in compared May of last with year May . of 2017 2016 Inventory and 2015 was . at its lowest
800 level compared with May 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 May 2017 for sellers MSI of while 3.0 a higher months MSI was is better at its lowest for buyers level . The compared May 2017 with MSI May of 3.0 of 2016 and
200 months
2015 . was at its lowest level compared with May of 2016 and
2015 .
0
3.0
200
2.0
1.0
0
0.0
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 O N D J
F M A M
14
15
16
17
14
15
16
17
801 812
208 136 125
844 869 906 885 833 869 855 175 203
801 812 844 869 906 885 833 869 855 813 795 765 786 770
Number of Properties Sold
183
796 245 237
770
753 215 192 184
813 795 765 786 770 796 770 753
672 662
733
173 231 131
801 851
733 833 800
672 662
143 207 192
801 851 833 800 211 226 224 219 191
732 730 689 656 621 615 604 626
166 138
3 Mo Avg
197
623 575 565 574 132 142
732 730 689 656 621 615 604 626 623 575
3 Mo Avg
219 216
565 574
191
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
96 | 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 .