FL ARCHIVED January 2017 | Page 96

Market Action Report January 2017
Community Information | School District
Market Action Report January 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
$ 213,000
3 %
-7%
Average List Price of all Current Listings
$ 273,862
4 %
7 %
January Median Sales Price
$ 251,500
0 %
-8%
5 %
-10%
$ 251,500
5 %
-10%
January Average Sales Price
$ 258,746
1 %
-4%
11 %
-3%
$ 258,746
11 %
-3%
Total Properties Currently for Sale ( Inventory )
569
-1%
-22%
January Number of Properties Sold
114 -41%
-13%
114
-13%
January Average Days on Market ( Solds )
67
-1%
2 %
0 %
0 %
67
0 %
0 %
Asking Price per Square Foot ( based on New Listings )
$ 163
7 %
3 %
12 %
4 %
$ 163
12 %
4 %
January Sold Price per Square Foot
$ 152
2 %
0 %
12 %
3 %
$ 152
13 %
3 %
January Month ' s Supply of Inventory
5.0
66 %
21 % -10%
26 %
5.0
-10%
26 %
January Sale Price vs List Price Ratio
95.2 %
. 2 %
-. 4 % -. 5 %
-. 3 %
95.2 %
-1%
-0%
* LM = Last Month / L3M = Last 3 Months / PYM = Same Month Prior Year / LY = Last Year ( 2016 ) / YTD = Year-to-date
Property Sales
300
January Property sales were 114 , down 13.0 % from 131 in
January of 2016 and 40.6 % lower than the 192 sales last month .
Property
January 2017 Sales sales were at their lowest level compared to
300
250
January Property of 2016 sales and 2015 were . 114 January , down 13.0 YTD % sales from of 131 114 in are
January running of 13.0 2016 % and behind 40.6 last % lower year than ' s year-to-date the 192 sales sales last of month 131 . .
January 2017 sales were at their lowest level compared to
250
200
January of 2016 and 2015 . January YTD sales of 114 are running 13.0 % behind last year ' s year-to-date sales of 131 .
200
150
150
100
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100 50
Number of Properties Sold
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in January was $ 251,500 , up 4.8 % from
F
M A M J
14
J
A S O
NMedian D
J F MSales A M JPrice
J
A Sand O NAverage D
J
F M Sales A M J Price
J
A S O N D
J
15
16
17
3 Mo Avg
Prices
$ 240,000 in January of 2016 and up 0.1 % from $ 251,250 last
The month Median . The Sales Average Price Sales in January Price was in January $ 251,500 was , up $ 4.8 258,746 % from , up
$
11.4 240,000 % from in January $ 232,169 of in 2016 January and up of 0.1 2016 % from and $ up 251,250 1.1 % from last
340
340
320
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 255,820 . The last Average month Sales . January Price in 2017 January ASP was $ at 258,746 the highest , up level
11.4 % from $ 232,169 in January of 2016 and up 1.1 % from
320 compared to January of 2016 and 2015 .
$ 255,820 last month . January 2017 ASP was at the highest level
300
300
280
compared to January of 2016 and 2015 .
280
260
260 240
240 220
144 175 187 207 151
144 175 187 207 151 211 167 179 165 140 208 136 125 174 203 183 245 237 215 192 183 173 231 131 143 206 191 210 226 223 217 188 162 134 192 114
729 747 738 802 799 810 841 211 167 179 165 140 208
866 903 881 829 865 851 810 792 762 781 765
Number of Properties Sold
220
200
200
F
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
M
14 A 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
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
January Total Inventory was 569 , down of Properties 1.2 % from available 576 last for month sale as of and down
1,000
January
21.9 % from was 569 729 , down in January 1.2 % from of last 576 year last . month January and 2017 down Inventory
1,000
800
21.9 was % at from its lowest 729 in January level compared of last year with . January 2017 of 2016 Inventory and 2015 .
800 was at its lowest level compared with January of 2016 and 2015 .
600
600
Total Inventory & Month ' s Supply of Inventory ( MSI )
8.0
7.0
6.0
5.0
8.0
7.0
6.0
5.0
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 January for 2017 sellers MSI while of a 5.0 higher months MSI was is better at its lowest for buyers level . The compared January with 2017 January MSI of 5.0 of 2016
200 months and 2015 was
. at its lowest level compared with January of 2016 and 2015 .
0
400
4.0
3.0
200
2.0
1.0
0
0.0
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 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
14
15
16
17
14
15
16
17
3.0
2.0
1.0
0.0
729 747 738 802 799 810 841 866 903
136 125 174 203 183 245 237
791 767 749
215 192
881 829 865 851 810 792 762 781 765 791 767 749
668 658
729
183 173 231 131
797 849 832 797
668 658
729
143 206 191 210 226 223
3 Mo Avg
217
797 849 832 797 727 721 675 643
727 721 675 643 604 593 576 569 188 162
604 593
3 Mo Avg
134 192
576 569
114
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 .