FL ARCHIVED November 2017 | Page 95

Market Action Report
City: Pembroke Pines
November 2017
Pembroke Pines
Agent Name
Title
Phone
Website
Other
Community Information | School District
Price Range: All | Properties: SFH - Con
Days On Market for Sold Properties
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 November was 68, equal to 68
days last month and up 19.3% from 57 days in November of last
year. The November 2017 DOM was at a mid level compared
with November of 2016 and 2015.
3 Mo Avg
100
90
80
68
70
60
57
53
50
40
30
20
10
0
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Selling Price per Square Foot
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 November 2017 Selling Price per Square Foot of $143 was
down 2.5% from $147 last month and down 3.3% from 148 in
November of last year.
3 Mo Avg
148
150
145
140
135
130
125
120
115
110
105
100
143
135
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Selling Price versus Listing Price Ratio
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 November 2017 Selling Price vs
Original List Price of 95.4% was up from 94.5% last month and
down from 96.9% in November of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
96.9%
97%
95.6%
96%
95.4%
95%
94%
93%
92%
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Inventory / New Listings / Sales
Inventory / New Listings / Sales
This last view of the market combines monthly inventory of
1,000
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 November 2017 was 158, down 13.7% from 183 last month
600
and down 29.1% from 223 in November of last year.
500
400
300
200
100
0
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Copyright © Coldwell Banker Residential Real Estate / Coldwell Banker United, Realtors | Price Range: All | Property Types: SFH - Con
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 REALT
does not warrant or guarantee the accuracy of this information. It is the responsibility of any buyer or