FL ARCHIVED February 2017 | Page 96

Market Action Report February 2017
Community Information | School District
Market Action Report February 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
$ 230,950
0 %
7 %
Average List Price of all Current Listings
$ 279,821
2 %
10 %
February Median Sales Price
$ 202,500
-21% -22% -30% -27%
$ 234,950
-10%
-15%
February Average Sales Price
$ 235,902
-10% -10% -10% -12%
$ 248,659
0 %
-7%
Total Properties Currently for Sale ( Inventory )
562
-6%
-30%
February Number of Properties Sold
130
2 %
-9%
258
-6%
February Average Days on Market ( Solds )
72
6 %
7 %
9 %
7 %
70
4 %
4 %
Asking Price per Square Foot ( based on New Listings )
$ 163
1 %
2 %
6 %
5 %
$ 162
9 %
5 %
February Sold Price per Square Foot
$ 141
-7%
-5%
0 %
-4%
$ 146
6 %
-1%
February Month ' s Supply of Inventory
4.3
-7%
8 %
-23%
9 %
4.5
-20%
13 %
February Sale Price vs List Price Ratio
94.6 %
-. 8 % -. 9 %
. 5 %
-. 9 %
95.0 %
0 %
-1%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
February Property sales were 130 , down 9.1 % from 143 in
February of 2016 and 1.6 % higher than the 128 sales last month .
Property
February 2017 Sales sales were at a mid level compared to February
300 of
250
February
2016 and Property 2015 . February sales were YTD 130 , sales down of 9.1 258 % from are running 143 5.8 %
February behind last of 2016 year and ' s year-to-date 1.6 % higher sales than of the 274 128 . sales last month .
250
February 2017 sales were at a mid level compared to February of
200
2016 and 2015 . February YTD sales of 258 are running 5.8 % behind last year ' s year-to-date sales of 274 .
200
150
150
100
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100 50
Number of Properties Sold
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in February was $ 202,500 , down 30.2 %
M
A M J
14
J
A S O N
DMedian
J F M ASales M J JPrice A S Oand N DAverage
J
F M A Sales M J
J Price
A S O N D
J
F
15
16
17
3 Mo Avg
Prices from $ 290,000 in February of 2016 and down 21.0 % from
The
$ 256,450 Median last Sales month Price . in The February Average was Sales $ 202,500 Price , in down February 30.2 % was from
$ 235,902 $ 290,000 , down in February 9.8 % from of $ 2016 261,568 and in down February 21.0 % from of 2016 and
340
340
320
Median Sales Price and Average Sales Price
3 Mo Avg
$ down 256,450 9.8 last % from month $ 261,616 . The Average last month Sales . Price February in February 2017 ASP was was
$ 235,902 , down 9.8 % from $ 261,568 in February of 2016 and
320 at the lowest level compared to February of 2016 and 2015 . down 9.8 % from $ 261,616 last month . February 2017 ASP was
300
300
280
at the lowest level compared to February of 2016 and 2015 .
280
260
260 240
240 220
175 187 207 151 211
175 187 207 151 211 167 179 165 140 208 136 125 174 203 183 245 237 215 192 184 173 231 131 143 206 191 210 226 224 218 189 163 135 193 128 130
220
200
200
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
14 M J
J
A 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
17
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
February Total Inventory was 562 , of down Properties 5.7 % from available 596 for last sale month as of and down
1,000
February
29.7 % from was 799 562 , in down February 5.7 % from of last 596 year last . month February and 2017 down
1,000
800
29.7
Inventory % from 799 was in at February its lowest of level last compared year . February with 2017 February of
800
Inventory
2016 and was 2015 at . its lowest level compared with February 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 February for sellers 2017 MSI while of a 4.3 higher months MSI was is better at its lowest for buyers level . The compared February with 2017 February MSI of 4.3 of 2016
200 months and 2015 was
. at its lowest level compared with February of 2016 and 2015 .
0
3.0
200
2.0
1.0
0
0.0
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 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
14
15
16
17
14
15
16
17
748
739 803 800
748
739 803 800 811 842 867 167 179 165 140
811 842 867 904 883 208 136
904
883 831 867 853 812 794 764 783
Number of Properties Sold
125 174 203 183 245 237
767 793 768 750
215 192
831 867 853 812 794 764 783 767 793 768 750
669 659
730
184 173 231 131
799 849 832 797
669 659
730
799 143 206 191
849 832 797 210 226 224 218
726 721 678 644 607 601 589 596
3 Mo Avg
189
562 163 135
726 721 678 644 607 601 589
3 Mo Avg
193 128
596 562
130
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
96 | 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 .