Coral Ridge Fort Lauderdale Home Sales & Trends | June 2020

Neighborhood Spotlight:

Coral Ridge + Coral Ridge Country Club Estates

As a resident of Coral Ridge Country Club Estates (CRCCE), I like to keep a constant tab on what’s going on with our local real estate values. In 2015, we bought a 1961 mid-century home on 41st Street restoring & modernized while falling in love with this location, our beautiful home, and our neighbors.

If you’d like to discuss our community or the information provided below, don’t hesitate to reach out via email, NextDoor, or our front door. Or you may simply call me at #954.998.3098.

This snapshot below shows us sales & trends on how our Coral Ridge (& CRCCE) community is doing regarding our housing demand and current 2020 market values considering recent protests and a global pandemic. For a contrast comparison from other months prior, click here for a CRCCE summary.

Coral Ridge & CRCCE Area Homes (Statistics via GFLR Matrix)

  • 111 Active Homes for Sale
  • $1.195M Median Asking Price
  •  $441 Median Asking LP$/PSF

Coral Ridge Homes for Sale | Coral Ridge Homes Recently Sold

Total # Homes SOLD | Median Sale Price | Median Sale Price Per Square Foot | Average Days On Market

  • 2020 (YTD) – 63 Homes Sold |  $875,000 M$/SP |  $381 SP$/PSF | 109 DOM (2% Appreciation)
  • 2019 – 246 Homes Sold |  $1,016,250 M$/SP |  $373 SP$/PSF | 137 DOM (13% Appreciation)
  • 2018 – 220 Homes Sold |  $732,500 M$/SP | $326 SP$/PSF | 91 DOM (11% Appreciation)
  • 2017 – 204 Homes Sold | $661,500 M$/SP | $290 SP$/PSF | 106 DOM (11% Depreciation)
  • 2016 – 151 Homes Sold | $750,000 M$/SP | $317 SP$/PSF | 119 DOM (17% Appreciation)
  • 2015 – 214 Homes Sold | $609,500 M$/SP | $264 SP$/PSF | 85 DOM (6% Appreciation)
  • 2014 – 198 Homes Sold | $623,750 M$/SP | $247 SP$/PSF | 97 DOM (9% Appreciation)
  • 2013 – 207 Homes Sold | $515,000 M$/SP | $226 SP$/PSF | 95 DOM (6% Appreciation)
  • 2012 – 190 Homes Sold | $532,000 M$/SP | $213 SP$/PSF | 122 DOM (8% Appreciation)
  • 2011 – 174 Homes Sold | $450,000 M$/SP | $196 SP$/PSF | 131 DOM

Coral Ridge & CRCCE Homes (Statistics via TrendGraphix 3-Year Trends/Stats)

Home For Sale in May 2020: 109 units.
Up 11.2% compared to last month
Down 12.8% compared to last year

Home Closed in May 2020: 7 units.
Down 36.4% compared to last month
Down 58.8% compared to last year

Home Placed under Contract in May 2020: 11 units.
Up 57.1% compared to last month
Down 42.1% compared to last year

Average Sold Price per Square Footage in May 2020: $415
Up 0.2% compared to last month
Up 4.8% compared to last year

Average Days on Market in May 2020: 73
Down 56.3% compared to last month
Down 7.6% compared to last year

May 2020 Sold/Original List Price Ratio is Falling*

Sold/Original List Price % in May 2020: 89%
Down 1.1% compared to last month
Up 1.1% compared to last year

Months of Inventory based on Closed Sales in May 2020: 15.6
Up 75.2% compared to last month
Up 111.5% compared to last year

*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

Luxury Real Estate in Fort Lauderdale

Whether you’re seeking a new waterfront estate, coastal home with great value, a stunning penthouse, land for development, off-market & investment opportunities, new construction, bulk investment sales, or relocation assistance, I’ll have it customized and ready for you.

Stop Searching. Start Living. Let’s talk, toll-free at #888.38.DREAM or contact me for a curated property list of exceptional residential opportunities matching your family’s wants & needs. Be sure to join the VIP group for monthly market insights and new coastal properties direct to your inbox – Contact me today for new residential opportunities along Fort Lauderdale (East of US1). I’ve represented homeowners and buyers in other coastal locations including North Bay VillageMiami BeachSunny Isles BeachAventuraBal HarbourSurfside, and South Beach. I also cover the most desirable South Florida island and inland areas including Key BiscayneCoconut GroveCoral Gables, and Bay Harbour Islands. Let’s Talk, toll-free at #888.38.DREAM or contact me here for further details. No hassle. No pressure. Just honest advice.

Sotheby's International Realty 900esz

I’m connected with the world’s best luxury real estate brand and a vast global network of friends & colleagues who offer a bespoke experience wherever you are in the world. Locally, I offer the very best in real estate knowledge and client services as a master broker-associate with the leading firm, ONE Sotheby’s International RealtyWhy Sotheby’s? Because of the brand heritage, prestige, their propensity for perfection, and quite simply, the immense global reach in curating luxury goods and real estate. Since 2002, I’ve been active in the South Florida residential market with knowledge, experience, and white-glove service that consistently exceeds expectations.

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