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Pembroke Pines real estate market update

Here is the Pembroke Pines real estate market update.

Pembroke Pines is a area with full of shopping and restaurants. Good schools and only half hour from the beach, Miami or Fort Lauderdale. It’s not a surprise that in August the Pembroke Pines real estate market was good for the seller’s market, that means less than 3 months of inventory based on closed sales. The same happened in September. Our inventory for real estate in Pembroke Pines, FL is low by 7% compared the month of July, and 0.9% compared to last year. With prices so high in Miami and traffic people are coming to the West Pembroke Pines area, which you can get more for your buck.

Contact me to know more about Pembroke Pines real estate.

Pembroke Pines real estate August 2016 is a Seller’s market*

Home For Sale in August 2016: 214 units.

Down 7% compared to the last month


Home Closed in August 2016: 115 units.

Up 3.6% compared to the last month


Home Placed under Contract in August 2016: 128 units.

Up 18.5% compared to the last month


*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales


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