Coral Ridge Fort Lauderdale Home Sales & Trends | FEB 2016

Old Coral Ridge & New Coral Ridge | Coral Ridge Country Club Estates

• 2016 – 133 Active Homes for Sale | $1.499M Median Asking Price | $415 Median Asking PPSF

This snapshot shows us sales & trends on how our community is moving regarding housing demand and 2016 market values.

* Total # Homes SOLD | Median Sale Price (M$/SP) | Median Sale Price Per Square Foot (SP$/PSF) | Average Days On Market (DOM)

• 2016 – 24 Homes Sold (YTD) | $517,500 M$/SP | $256 SP$/PSF | 141 DOM (3% Depreciation)
• 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

It’s too soon to make any judgments as to what’s to come for the year, but a general summary of this information concludes:

1. Time on market has increased to 4.7 months
2. Median sale price values are down by 3%
3. It is only mid-February but if these current trends continue, the total number of homes may prove to be ~ 195 homes sold for the year. Will yours be one of them?

*Figures are derived from Greater Ft. Lauderdale Regional Multiple Listing Service February 2016

Let’s discuss your Fort Lauderdale home:

Send a note below or simply call and we’ll analyze the pricing bands and neighborhood trends to see where your home will ideally fit being “in the market,” rather than being “on the market.” Pricing correctly is ever so important to sell and to sell for the highest amount possible. I’m new in Fort Lauderdale but old to the business. I’m a seasoned South Florida real estate broker-associate with the leading firm, ONE Sotheby’s International Realty. Over the past 14 years, I have marketed, sold & serviced Sunny Isles Beach to South Beach along with Aventura to Coral Gables. In September 2015, we’ve made Coral Ridge Country Club Estates our home!

If you would like to discuss Fort Lauderdale real estate, call me at 954.998.3098.

Preview My Other Real Estate Channels:

• MiamiDreamRealty.com
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• Jade Beach, Jade Ocean & Jade Signature Condos
• Turnberry Ocean Colony Condos
• MiamiDreamRealty.com/blog
• blog.JadeCondosSunnyIsles.com
• blog.TurnberryOceanColonySunnyIsles.com

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• Marketing Presentation – 2016
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• Sotheby’s International Realty History/Overview
• Sotheby’s – An Overview and the Auction House
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