{"id":78103,"date":"2014-07-24T12:26:56","date_gmt":"2014-07-24T16:26:56","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=78103"},"modified":"2015-03-19T18:56:04","modified_gmt":"2015-03-19T18:56:04","slug":"facts-and-trends-july-2014-pembroke-pines-market-statistics-for-zip-code-33028","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/facts-and-trends-july-2014-pembroke-pines-market-statistics-for-zip-code-33028\/","title":{"rendered":"Facts And Trends: July 2014: Pembroke Pines Market Statistics For Zip Code 33028"},"content":{"rendered":"

\"TGChartImage\"<\/a>Since one year ago, the number of active listings is up % while the sold properties are up 108.7%.
\nThe pended listings (under contract) are down 57.1%<\/strong> compared to last year. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close.<\/p>\n

Average home prices are up 10.2% over last year. The price per square foot of a single-family residence, is approximately $164 per square foot \u2013 which is a\/an increase of 11.7% over last year.<\/p>\n

Part of the reason for the increase of inventory:\u00a0 Homes remain on the market an average of 34 days (figured quarterly)\u2014 a decrease of 10.5% over last year. Homes are selling within 97% of their originally listed price.<\/p>\n

The average listed price in Zip Code 33028 (Pembroke Pines<\/a>)\u00a0 is $466,000\u00a0 — a 13.3% increase over last year. The average sold price is $361,000.<\/p>\n

Important information: Months of Inventory.<\/strong> Currently, Pembroke Pines, Florida<\/a>, Zip Code 33028, is experiencing 4.4 months of inventory which is indicative of a Seller’s\u00a0 market. 4.4 months of inventory is extremely low.\u00a0 Just because there was a 167.6% increase (figured quarterly) over last year does not mean we have a Buyer’s market.\u00a0 It is indicative that our inventory one year ago was extremely low at .8%.<\/p>\n

These numbers are indicative of traditional sales and do not include distressed properties (foreclosures) or short sales.<\/p>\n

According to the MLS, zip code 33028 experienced 344 closed sales of which 109 were cash, 170 were conventional, and the other were various forms of financing.<\/p>\n

It is time to list, time to sell, time to upsize, time to downsize \u2014 money is still inexpensive to borrow.<\/p>\n

FactsAndTrendsReport – Pembroke Pines 33028 for July 2014<\/a><\/p>\n

Consider what is happening nationally:<\/p>\n

http:\/\/www.youtube.com\/watch?v=XqANTwRZMSs&list=UUYtGzq6NWZobuP02mpK_FPA<\/p>\n","protected":false},"excerpt":{"rendered":"

Since one year ago, the number of active listings is up % while the sold properties are up 108.7%. The pended listings (under contract) are down 57.1% compared to last year. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close. Average home prices<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":5567,"featured_media":130092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[12189],"tags":[3905,4283,6121,6795,8167,171],"yoast_head":"\nFacts And Trends: July 2014: Pembroke Pines Market Statistics For Zip Code 33028 - BHHS EWM Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ewmrealestate.com\/blog\/facts-and-trends-july-2014-pembroke-pines-market-statistics-for-zip-code-33028\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facts And Trends: July 2014: Pembroke Pines Market Statistics For Zip Code 33028 - BHHS EWM Realty\" \/>\n<meta property=\"og:description\" content=\"Since one year ago, the number of active listings is up % while the sold properties are up 108.7%. The pended listings (under contract) are down 57.1% compared to last year. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close. 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