FL ARCHIVED March 2017 | Page 96

Market Action Report March 2017
Community Information | School District
Market Action Report March 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
$ 226,750
-4%
3 %
Average List Price of all Current Listings
$ 276,296
0 %
9 %
March Median Sales Price
$ 290,000
41 %
15 %
9 %
4 %
$ 255,000
-2%
-8%
March Average Sales Price
$ 276,443
18 %
7 %
10 %
4 %
$ 259,415
4 %
-3%
Total Properties Currently for Sale ( Inventory )
546
-8%
-36%
March Number of Properties Sold
202
45 %
-2%
471
-2%
March Average Days on Market ( Solds )
60 -19% -10% -18% -10%
66
-4%
-1%
Asking Price per Square Foot ( based on New Listings )
$ 167
3 %
4 %
14 %
8 %
$ 163
10 %
5 %
March Sold Price per Square Foot
$ 152
7 %
2 %
10 %
4 %
$ 149
8 %
1 %
March Month ' s Supply of Inventory
2.7 -36% -30% -34% -32%
3.9
-24%
-3%
March Sale Price vs List Price Ratio
96.8 %
2.1 % 1.3 % 1.7 % 1.4 %
95.8 %
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
March Property sales were 202 , down 2.4 % from 207 in March
of 2016 and 45.3 % higher than the 139 sales last month . March
Property
2017 sales Sales were at a mid level compared to March of 2016 and
300
250
March
2015 . Property March YTD sales sales were of 202 471 , down are running 2.4 % from 2.1207 % behind March last of year 2016 ' s year-to-date and 45.3 % higher sales than of 481 the . 139 sales last month . March
2017 sales were at a mid level compared to March of 2016 and
250
200
2015 . March YTD sales of 471 are running 2.1 % behind last year ' s year-to-date sales of 481 .
200
150
150
100
Agent Name

Pembroke Pines Title

Phone Website Other

Community Information | School District

100 50
Number of Properties Sold
50
0
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
0
14
15
16
17
Prices
The Median Sales Price in March was $ 290,000 , up 9.5 % from
A
M J
14
J
A S O N D
Median
J
F M A MSales J J APrice S O Nand D JAverage
F M A M Sales J
J
A Price S O N D
J
F M
15
16
17
3 Mo Avg
Prices
$ 264,900 in March of 2016 and up 41.5 % from $ 205,000 last
The month Median . The Sales Average Price Sales in March Price was in $ March 290,000 was , up $ 276,443 9.5 % from , up
$
9.7 264,900 % from in $ March 252,069 of 2016 in March and up of 41.5 2016 % and from up $ 205,000 18.0 % from last
340
340
320
Median Sales Price and Average Sales Price
3 Mo Avg
month
$ 234,237 . The last Average month Sales . March Price 2017 in March ASP was $ at 276,443 the highest , up level
9.7 % from $ 252,069 in March of 2016 and up 18.0 % from
320 compared to March of 2016 and 2015 .
$ 234,237 last month . March 2017 ASP was at the highest level
300
300
280
compared to March of 2016 and 2015 .
280
260
260 240
240 220
187 207 151 211
187 207 151 211 167 180 165 140 208 136 125 175 203 183 245 237 215 192 184 173 231 131 143 207 191 211 226 224 219 189 164 137 194 130 139 202
740 804 801 812 843 868 167 180 165 140 208 136 125
905
884 832 868 854 813 795 765 785
Number of Properties Sold
220
200
200
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
14 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 M
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 March
The was Total 546 , Inventory down 7.6 of % Properties from 591 last available month for and sale down as of 35.8 March % from
1,000 was 851546 in , March down 7.6 of % last from year 591 . March last month 2017 and Inventory down 35.8 was % at from its
1,000
800
851 lowest in March level of compared last year . with March March 2017 of Inventory 2016 and was 2015 at its .
800 lowest level compared with March 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 March for 2017 sellers MSI while of 2.7 a higher months MSI was is better at its lowest for buyers level . The compared March 2017 with March MSI of 2.7 of 2016 and
200 months
2015 . was at its lowest level compared with March of 2016 and
2015 .
0
400
4.0
3.0
200
2.0
1.0
0
0.0
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 D J
F M
14
15
16
17
14
15
16
17
3.0
2.0
1.0
0.0
740 804 801 812 843 868 905 884
832
175 203 183 245 237
769 795 769 752 215 192 184
868 854 813 795 765 785 769 795 769 752
671 661
732
173 231 131
800 851 833 799
671 661
143
732 800 851 207 191
833
799 211 226 224 219
730 726 684 649 611 605 592 600
189
3 Mo Avg
164
591
546 137 194
730 726 684 649 611 605 592 600
3 Mo Avg
130 139
591 546
202
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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 .