FL ARCHIVED December 2017 | Page 94

Market Action Report December 2017 Pembroke Pines Market Action Report City: Pembroke Pines Agent Name Title Phone Agent Name Website Other Title December 2017 City: Pembroke Pines Community Information | School District Price Range: All | Properties: SFH - Con Phone Month Website $299,250 Other Market Profile & Trends Overview Median List Price of all Current Listings Price Range: All | Properties: SFH - Con LM Trending versus*: L3M PYM LY 0% 38% $294,180 Trending 1% versus*: 11% Month LM 8% L3M 1% PYM 22% LY $303,500 $299,250 0% 2% 1% 38% 10% $279,895 $294,180 486 1% -6% 11% -20% $303,500 114 8% -12% 1% 22% -42% 10% $279,895 2% 1% 10% 5% 62 -2% -2% -11% 486 $161 -6% 8% -20% 4% 13% 114 -12% -42% $142 -0% -1% 1% 62 -2% -2% -11% -7% 4.3 6% -3% 38% $161 8% 4% 13% 11% 94.5% -.3% -.1% -.4% Average List Price of all Current Listings Market Profile & Trends Overview December Median Sales Price Median List Average Price of all Current December Sales Price Listings Average List Price of all Current Total Properties Currently for Listings Sale (Inventory) December Sales Price December Median Number of Properties Sold December Sales Price December Average Average Days on Market (Solds) Total Properties Currently for Sale (Inventory) Asking Price per Square Foot (based on New Listings) December Number of Properties Sold December Sold Price per Square Foot December Average Days on Market (Solds) December Month's Supply of Inventory Asking Price per Square Foot (based on New Listings) December Sale Price vs List Price Ratio December Sold Price per Square Foot Trending versus*: Prior YTD 7% Prior Year 8% 10% YTD $298,000 5% $280,314 5% 5% $298,000 2,037 7% $280,314 5% -7% 57 -10% 8% -15% 5% 11% $151 5% 2,037 -10% 2% $144 4% 57 -15% -15% 7% 3.7 -8% $151 5% 4% -1.0% 95.5% 0% -15% 4% 4% -8% 0% $142 -0% -1% 1% 2% $144 4% 4% 4.3 6% -3% 38% 7% 3.7 -8% -8% Number of 95.5% Properties 94.5% -.3% -.1% -.4% -1.0% 0% Sold 0% * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date December Month's Supply of Inventory December Sale Price vs List Price Ratio * LM=Last Month / L3M=Last 3 Months / PYM=Same Month Prior Year / LY=Last Year (2016) / YTD = Year-to-date Property Sales 300 December Property sales were 114, down 42.4% from 198 in December of 2016 and 11.6% lower than the 129 sales last 250 Property Sales 2017 sales were at their lowest level month. December 300 December sales were 114, and down 42.4% December from 198 in compared Property to December of 2016 2015. YTD sales 200 December of 2016 and 11.6% than 129 year-to-date sales last of 2,037 are running 9.6% lower behind last the year's sales 250 month. December 2017 sales were at their lowest level of 2,253. 150 compared to December of 2016 and 2015. December YTD sales 3 Mo Avg Number of Properties Sold 3 Mo Avg 200 210 143 220 224 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 15 16 17 0 0 50 50 100 100 150 of 2,037 are running 9.6% behind last year's year-to-date sales of 2,253. Trending versus*: Prior YTD Prior Year YTD J F M A M J J A S O N D J F Sales M A M Price J J A and S O Average N D J F Sales M A M Price J J A S O N D Median 3 Mo Avg 15 16 17 Prices The Median Sales Price in December was $303,500, up 22.0% from $248,700 in December of 2016 and up 8.4% from Prices 340 The Median last Sales month. Price in The December was $303,500, 22.0% was $280,000 Average Sales Price in up December 320 from $248,700 in December of 2016 and up 8.4% from $279,895, up 10.1% from $254,320 in December of 2016 and up 340 $280,000 last month. The Price in December was 2.3% from $273,569 last Average month. Sales December 2017 ASP was at the 300 $279,895, up 10.1% from $254,320 in December of 2016 and up 320 highest level compared to December of 2016 and 2015. 2.3% from $273,569 last month. December 2017 ASP was at the 300 280 highest level compared to December of 2016 and 2015. Median Sales Price and Average Sales Price 3 Mo Avg 280 260 260 240 240 220 220 200 200 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 15 16 17 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 15 16 17 400 A comparatively lower MSI is more beneficial for sellers while a 400 A higher comparatively lower for MSI buyers. is more The beneficial for sellers a 4.3 MSI is better December 2017 while MSI of 200 higher MSI is better for buyers. December 2017 MSI of 4.3 200 months was at its highest level The compared with December of months was 2015. at its highest level compared with December of 0 2016 and 0 2016 and 2015. 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 600 2016 and 2015. Total Inventory & Month's Supply of Inventory (MSI) Total Inventory & Month's Supply of Inventory (MSI) Inventory & MSI The Total Inventory Inventory & MSI of Properties available for sale as of 1,000 December was 486, 6.2% available from 518 for last month The Total Inventory of down Properties sale as of and down 1,000 20.3% from December of last December 2017 December was 610 486, in down 6.2% from 518 year. last month and do