FL ARCHIVED March 2018 | Page 186

Market Action Report March 2018
Community Information | School District
Market Action Report March 2018

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
$ 246,500
-3%
3 %
Average List Price of all Current Listings
$ 286,506
1 %
6 %
March Median Sales Price
$ 305,000
-2%
0 %
9 %
2 %
$ 305,000
22 %
2 %
March Average Sales Price
$ 285,436
2 %
1 %
6 %
2 %
$ 286,125
11 %
2 %
Total Properties Currently for Sale ( Inventory )
468
-7%
-22%
March Number of Properties Sold
140
31 %
-37%
327
-34%
March Average Days on Market ( Solds )
64
2 %
-2%
3 %
10 %
65
-2%
12 %
Asking Price per Square Foot ( based on New Listings )
$ 152
1 %
-1%
1 %
1 %
$ 152
2 %
1 %
March Sold Price per Square Foot
$ 145
-2%
0 %
4 %
1 %
$ 147
6 %
2 %
March Month ' s Supply of Inventory
3.3 -29% -31% 23 %
-8%
4.9
22 %
34 %
March Sale Price vs List Price Ratio
96.1 %
. 3 %
. 7 %
-. 4 %
. 6 %
95.9 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2017 ) / YTD = Year-to-date
Property Sales
300
March Property sales were 140 , down 36.7 % from 221 in March
of 2017 and 30.8 % higher than the 107 sales last month . March
Property
2018 sales Sales were at their lowest level compared to March of 2017
300
250
March and 2016 Property . March sales YTD were sales 140 , of down 327 36.7 are running % from 221 34.1 in % March behind of last 2017 year and ' s 30.8 year-to-date % higher sales than the of 496 107 . sales last month . March
250
2018 sales were at their lowest level compared to March of 2017
200
and 2016 . March YTD sales of 327 are running 34.1 % behind last year ' s year-to-date sales of 496 .
200
150
150
100
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100 50
Number of Properties Sold
50 0 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
0 15 16
17 18
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 Prices
Median Sales Price and Average Sales Price
15 16
17
18 3 Mo Avg
The Median Sales Price in March was $ 305,000 , up 8.5 % from
Prices $ 281,000 in March of 2017 and down 1.9 % from $ 311,000 last 340 Median Sales Price and Average Sales Price
3 Mo Avg
The month Median . The Sales Average Price Sales in March Price was in $ March 305,000 was , up $ 285,436 8.5 % from , up $ 5.6 281,000 % from in $ March 270,385 of 2017 in March and down of 2017 1.9 % and from up $ 1.6 311,000 % from last 320
340 month $ 280,928 . The last Average month Sales . March Price in 2018 March ASP was was $ 285,436 at the highest , up level
5.6 % from $ 270,385 in March of 2017 and up 1.6 % from 320
300 compared to March of 2017 and 2016 . $ 280,928 last month . March 2018 ASP was at the highest level 300 280
compared to March of 2017 and 2016 .
280 260
260 240
240 220
220 200 200
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
15 J J A S O N D J F M
16 A M J J A S O N D J F M
17 A M J J A S O N D J F M
18
15 16
17 18
Inventory & MSI Total Inventory & Month ' s Supply of Inventory ( MSI )
Inventory The Total Inventory & MSI of Properties available for sale as of March Total Inventory & Month ' s Supply of Inventory ( MSI )
The was Total 468 , Inventory down 7.1 % of from Properties 504 last available month for and sale down as of 22.1 March % from 900
7.0 was 601468 in , March down 7.1 of % last from year 504 . March last month 2018 and Inventory down 22.1 was % at from its 900 800
7.0 6.0
601 lowest in March level of compared last year . with March March 2018 of Inventory 2017 and was 2016 at . its 800 700 6.0 lowest level compared with March of 2017 and 2016 . 700
5.0 600
5.0
600 500 4.0
500 400 4.0
3.0
A comparatively lower MSI is more beneficial for sellers while
400 a 300
3.0
A comparatively lower MSI is more beneficial for sellers while a 300
2.0 higher MSI is better for buyers . The March 2018 MSI of 3.3 200
2.0 higher MSI is better for buyers . The March 2018 MSI of 3.3 200 months was at a mid level compared with March of 2017 and 100
1.0 months was at a mid level compared with March of 2017 and 100 1.0
2016 . 0
0.0 2016 .
0
0.0 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 J J A S O N D J F M 15
16 17
18 15
16 17
18
203 183 245 237 215 192 184 173 231 131 143 210 192 211 226 224 220 192 166 140 198 132 143 221 221 203 240 200 202 123 115 131 128 80 107 140
794
203 183 245 237 215 192 184 173 231 131
Number of Properties Sold
760
782 794
766 760
790 782
758 766
715 790
679 758
662 715 732
679 799
662 850 732 834
799 800
850 735
834 734
800
692 660
735
632 734
622 692
611 660
635 632
641 622
601 611
143 210 192 211 226 224 220 192 166 140 198 635 608
132 641 639
143 601 612
221 608 569
221 639 571
203 612
565 240 569
553 532
200 571
510 202 565
525 123 553
3 Mo Avg
504 115 532 468
131 510
128 525
3 Mo Avg
80
504 107
468
140
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 .