Coral Ridge Fort Lauderdale Estate Sales are in demand this year. This snapshot shows us sales & trends on how our community is moving regarding housing demand and 2016 market values.
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 | $415 Median Asking PPSF
* Total # Homes SOLD | Median Sale Price (M$/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:
- Time on the market has increased to 4.7 months
- Median sale price values are down by 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
Your Fort Lauderdale Home
Coral Ridge Fort Lauderdale Estate Sales are of interest, and if you have an interest, send a note below or call. 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 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.
Contact Ashton for suggestions and new residential opportunities along Fort Lauderdale (East of US1). I’ve represented homeowners and buyers in other coastal locations, including Hollywood, Hallandale, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Surfside, and South Beach. I also cover the most desirable South Florida island areas, including Fisher Island, Key Biscayne, North Bay Village, and Bay Harbour Islands. Let’s Talk, toll-free at #888.38.DREAM for further details.
In September 2015, we made Coral Ridge Country Club Estates our home!
If you want to discuss Fort Lauderdale real estate, call me at 954.998.3098.
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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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