FL ARCHIVED June 2017 | Page 94

Market Action Report June 2017
Community Information | School District
Market Action Report June 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
$ 272,500
-2%
5 %
Average List Price of all Current Listings
$ 294,198
1 %
3 %
June Median Sales Price
$ 325,000
26 %
9 %
16 %
17 %
$ 280,000
3 %
1 %
June Average Sales Price
$ 303,913
13 %
7 %
14 %
14 %
$ 273,792
6 %
3 %
Total Properties Currently for Sale ( Inventory )
560
-8%
-23%
June Number of Properties Sold
221
11 %
-2%
1,132
2 %
June Average Days on Market ( Solds )
49 -13% -11% -26% -27%
58
-16%
-13%
Asking Price per Square Foot ( based on New Listings )
$ 174
2 %
3 %
7 %
12 %
$ 166
8 %
7 %
June Sold Price per Square Foot
$ 166
3 %
4 %
13 %
13 %
$ 156
10 %
6 %
June Month ' s Supply of Inventory
2.5 -17% -8% -22% -36%
3.3
-25%
-16%
June Sale Price vs List Price Ratio
96.1 %
. 0 %
-. 1 %
. 2 %
. 6 %
96.0 %
1 %
1 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
June Property sales were 221 , down 2.2 % from 226 in June of
2016 and 11.1 % higher than the 199 sales last month . June 2017
Property sales were Sales at their lowest level compared to June of 2016 and
300
250
June
2015 Property . June YTD sales sales were of 221 1,132 , down are 2.2 running % from 1.9 226 % in ahead June of of last
2016 year and ' s year-to-date 11.1 % higher sales than of the 1,111 199 . sales last month . June 2017
250 sales were at their lowest level compared to June of 2016 and
200
2015 . June YTD sales of 1,132 are running 1.9 % ahead of last year ' s year-to-date sales of 1,111 .
200
150
150
100
Prices
The Median Sales Price in June was $ 325,000 , up 15.9 % from
Prices
$ 280,300 in June of 2016 and up 26.0 % from $ 258,000 last
340
The month Median . The Sales Average Price Sales in June Price was in $ 325,000 June was , up $ 303,913 15.9 % from , up
$
13.5 280,300 % from in June $ 267,690 of 2016 in and June up of 26.0 2016 % and from up $ 258,000 12.9 % from last
340
320
month
$ 269,261 . The last Average month Sales . June Price 2017 in June ASP was $ at 303,913 the highest , up level
13.5 % from $ 267,690 in June of 2016 and up 12.9 % from
320 compared to June of 2016 and 2015 .
$ 269,261 last month . June 2017 ASP was at the highest level
300
300
280
compared to June of 2016 and 2015 .
280
260
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100
50
0
50
0
260 240
240 220
211 167 180 165
Number of Properties Sold
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
14
15
16
17
J
F M
AMedian M J
J ASales S O NPrice D
J Fand M AAverage M J
J
A Sales S O N Price D
J
F M A M J
15
16
17
3 Mo Avg
Median Sales Price and Average Sales Price
211 167 180 165 140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 208 192 211 226 224 219 191 166 138 197 132 143 220 217 199 221
J A S O N D
14
140 208
220
200
200
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
A
14 S O N D
J
F M
15 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
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 June
The was Total 560 , Inventory down 8.2 of % Properties from 610 last available month for and sale down as of 23.3 June % from
1,000 was 730560 in , June down of 8.2 last % from year . 610 June last 2017 month Inventory and down was 23.3 at % its from lowest
1,000
800
730 level in compared June of last with year June . of 2017 2016 Inventory and 2015 was . at its lowest
800 level compared with June 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 June 2017 for sellers MSI while of 2.5 a higher months MSI was is better at its lowest for buyers level . The compared June 2017 with MSI June of 2.5 of 2016 and
200 months
2015 . was at its lowest level compared with June of 2016 and
2015 .
0
3.0
200
2.0
1.0
0
0.0
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 A M J
14
15
16
17
14
15
16
17
136 125 175
812 844 869 906 885 833 869 855 813
203
812 844 869 906 885 833 869 855 813 795 765 786 770
183 796
Number of Properties Sold
245 237
770
753 215 192 184
795 765 786 770 796 770 753
672 662
733 173 231 131
800 850 832 798
672 662
143 208 192 211
733 800 850 832 798
730 226 224 219 191
730 727 686 652 621 615 603 627
166 138 197
3 Mo Avg
132
3 Mo Avg
627 583 582 610 560 143 220
727 686 652 621 615 603 627 627 583 582
3 Mo Avg
217 199
610 560
221
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 .