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