FL ARCHIVED November 2017 | Page 94

Market Action Report November 2017
Community Information | School District
Market Action Report November 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
$ 299,000
9 %
29 %
Average List Price of all Current Listings
$ 291,914
3 %
9 %
November Median Sales Price
$ 282,000
-5%
-7%
-15%
2 %
$ 297,500
6 %
7 %
November Average Sales Price
$ 280,918
-0%
-2%
-6%
5 %
$ 280,956
5 %
5 %
Total Properties Currently for Sale ( Inventory )
502
-7%
-20%
November Number of Properties Sold
117
4 %
-16%
1,908
-7%
November Average Days on Market ( Solds )
68
0 %
17 %
19 %
1 %
57
-15%
-15%
Asking Price per Square Foot ( based on New Listings )
$ 149
-1%
-2%
-1%
3 %
$ 151
5 %
4 %
November Sold Price per Square Foot
$ 143
-2%
-1%
-3%
3 %
$ 144
4 %
4 %
November Month ' s Supply of Inventory
4.3 -11%
-7%
-4%
7 %
3.6
-11%
-9%
November Sale Price vs List Price Ratio
95.4 %
1.0 %
. 4 % -1.5% -. 1 %
95.6 %
0 %
0 %
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
November Property sales were 117 , down 16.4 % from 140 in
November of 2016 and 4.5 % higher than the 112 sales last
Property month . November Sales 2017 sales were at their lowest level
300
250
November compared Property to November sales were of 2016 117 , and down 2015 16.4 .% November from 140 in YTD sales
November of 1,908 are of 2016 running and 4.5 7.1 % behind higher than last the year 112 ' s year-to-date sales last sales
250 of month
2,054 ..
November 2017 sales were at their lowest level compared to November of 2016 and 2015 . November YTD sales
200 of 1,908 are running 7.1 % behind last year ' s year-to-date sales of
200
150
2,054 .
150
100
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100
50
Number of Properties Sold
50 0 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
0 14 15 16
17 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
Prices Median Sales Price and Average Sales Price
14 15 16
17
3 Mo Avg The Median Sales Price in November was $ 282,000 , down
Prices 14.8 % from $ 331,000 in November of 2016 and down 5.2 % 340 Median Sales Price and Average Sales Price
3 Mo Avg
The from Median $ 297,500 Sales last Price month in November . The Average was $ 282,000 Sales Price , down in 14.8 November % from $ was 331,000 $ 280,918 in November , down 5.9 of 2016 % from and $ 298,570 down 5.2 in %
320
340 from November $ 297,500 of 2016 last month and down . The 0.1 Average % from Sales $ 281,244 Price in last month . 300
was $ 280,918 , down 5.9 % from $ 298,570 in
320
November 2017 ASP was at a mid range compared to November November of 2016 and of 2016 2015 and . down 0.1 % from $ 281,244 last month . 300
280
November 2017 ASP was at a mid range compared to November
280 260 of 2016 and 2015 .
260 240
240 220
208 136 125 175 203 183
208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 209 192 211 226 224 220 192 166 140 198 132 143 221 221 203 239 199 201 120 112 117
220
200
200
D
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
14
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
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
The
November Total Inventory was 502 of , down Properties 6.9 % available from 539 for last sale month as of and down
1,000
November
19.6 % from was 624 502 in , down November 6.9 % from of last 539 year last . month November and down 2017
1,000
800
19.6
Inventory % from 624 was in at November its lowest level of last compared year . November with November 2017 of
800
Inventory
2016 and was 2015 at . its lowest level compared with November of
600
2016 and 2015 .
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 November for sellers 2017 while MSI a of 4.3 higher months MSI was is better at a mid for level buyers compared . The November with November 2017 MSI of of 2016 4.3 and
200 months
2015 . was at a mid level compared with November of 2016 and
2015 .
0
3.0
200
2.0
1.0
0
0.0
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
J A S O N
14
15
16
17
14
15
16
17
245 237 215 192
833 869 854 812 795 762 785 770 794 762
833 869 854 812 795 762 785 770 794 762 718 683 665
184
Number of Properties Sold
173
718 683
736
803 231 131
853 837
665 736
143 209 192 211 226
803 853 837 805
737
224 220
805 737 736 696 662 631 624 612 192 166 140 198 132 143 221 221 203
3 Mo Avg
239
640 644 607 613 640 614 570 566 560 539 502
199
736 696 662 631 624 612 640 644 607 613 640 614 570 566 560 201
3 Mo Avg
120 112
539 502
117
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 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
94 | c o l d w e l l b a n k e r h o m e s . c o m 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 .