FL ARCHIVED October 2017 | Page 94

Market Action Report October 2017
Community Information | School District
Market Action Report October 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
$ 274,900
4 %
15 %
Average List Price of all Current Listings
$ 288,473
1 %
6 %
October Median Sales Price
$ 295,000
-9%
-6%
11 %
6 %
$ 299,000
8 %
8 %
October Average Sales Price
$ 280,168
-0%
-5%
5 %
5 %
$ 281,361
6 %
5 %
Total Properties Currently for Sale ( Inventory )
525
-4%
-17%
October Number of Properties Sold
93 -21%
-44%
1,765
-8%
October Average Days on Market ( Solds )
67
14 %
34 %
-1%
0 %
56
-18%
-16%
Asking Price per Square Foot ( based on New Listings )
$ 172
-2%
1 %
11 %
11 %
$ 167
8 %
8 %
October Sold Price per Square Foot
$ 165
2 %
0 %
11 %
12 %
$ 160
10 %
9 %
October Month ' s Supply of Inventory
5.6
22 %
29 %
49 %
41 %
3.6
-10%
-9%
October Sale Price vs List Price Ratio
94.3 %
-. 3 % -1.0% -. 9 % -1.2%
95.7 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
October Property sales were 93 , down 44.0 % from 166 in
October of 2016 and 21.2 % lower than the 118 sales last month .
Property
October 2017 Sales sales were at their lowest level compared to
300
250
October Property of 2016 sales and 2015 were . 93 October , down 44.0 YTD % sales from of 166 1,765 in are
October running of 7.7 2016 % behind and 21.2 last % lower year ' s than year-to-date the 118 sales sales last of month 1,912 .
October 2017 sales were at their lowest level compared to
250
200
October of 2016 and 2015 . October YTD sales of 1,765 are running 7.7 % behind last year ' s year-to-date sales of 1,912 .
200
150
150
100
Prices
The Median Sales Price in October was $ 295,000 , up 10.7 %
Prices from $ 266,500 in October of 2016 and down 8.5 % from
340
The
$ 322,500 Median last Sales month Price . in The October Average was Sales $ 295,000 Price , up in October 10.7 % was from
$ 280,168 $ 266,500 , up in 4.9 October % from of $ 267,156 2016 and in down October 8.5 % of from 2016 and down
340
320
$
0.1 322,500 % from last $ 280,550 month . The last Average month . Sales October Price 2017 in October ASP was was at the
$ 280,168 , up 4.9 % from $ 267,156 in October of 2016 and down
320 highest level compared to October of 2016 and 2015 .
0.1 % from $ 280,550 last month . October 2017 ASP was at the
300
300
280
highest level compared to October of 2016 and 2015 .
280
260
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100
50
0
50
0
Number of Properties Sold
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
14
15
16
17
J
F M A M J
15
J
AMedian S O N DSales
J F MPrice A M Jand
J AAverage S O N D Sales
J
F M Price A M J
16
17
J
A S O
3 Mo Avg
Median Sales Price and Average Sales Price
140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 209 192 211 226 224 219 191 166 139 197 132 143 220 221 203 238 198 199 118 93
N D 14
260 240
240 220
140 208 136 125 175 203
220
200
200
N
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
D
14
J
F
15 M 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 J
J
A S O
A S O
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
The
October Total Inventory was 525 , down of Properties 4.2 % from available 548 last for sale month as of and down
1,000
October
16.7 % from was 525 630 , down in October 4.2 % from of last 548 year last . month October and 2017 down Inventory
1,000
800
16.7 was % at from its lowest 630 in level October compared of last year with . October 2017 of 2016 Inventory and 2015 .
800 was at its lowest level compared with October 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 October for 2017 sellers MSI while of a 5.6 higher months MSI was is better at its highest for buyers level . The compared October with 2017 October MSI of 5.6 of 2016
200 months and 2015 was
. at its highest level compared with October of 2016 and 2015 .
0
3.0
200
2.0
1.0
0
0.0
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 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
14
15
16
17
14
15
16
17
183
885 833 869 855 813 795 765 786 770 245 237
885 833 869 855 813 795 765 786 770
215
796 771 754
192
673 663
734
Number of Properties Sold
184
796 771 754 173 231 131 143
801 851 835 801
673 663
734
209 192 211 226 224
801 851 835 801 733 732 692 219 191
659 630
733 732 692 659 630 623 611 637 166 139 197 132 143 220 221
3 Mo Avg
203
3 Mo Avg
641 605 610 638 610 564 556 548 525 238 198
623 611 637 641 605 610 638 610 564 556
3 Mo Avg
199 118
548 525
93
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
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 .