Market Action Report
City: Pembroke Pines
August 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 August was 43, up 2.4% from 42
days last month and down 37.7% from 69 days in August of last
year. The August 2017 DOM was at its lowest level compared
with August of 2016 and 2015.
3 Mo Avg
100
90
80
69
70
61
60
50
43
40
30
20
10
0
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
14
15
16
17
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 August 2017 Selling Price per Square Foot of $166 was down
0.1% from $166 last month and up 9.2% from 152 in August of
last year.
200
190
180
170
160
150
140
130
120
110
100
3 Mo Avg
166
152
139
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
14
15
16
17
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 August 2017 Selling Price vs Original
List Price of 95.4% was down from 95.9% last month and down
from 96.3% in August of last year.
3 Mo Avg
Avg Selling Price divided by Avg Listing Price for sold properties during the month
98%
97%
96.3%
96.0%
96%
95.4%
95%
94%
93%
92%
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
14
15
16
17
1,000
900
800
700
600
500
400
300
200
100
0
Inventory / New Listings / Sales
Inventory / New Listings / Sales