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Coral Ridge Fort Lauderdale Home Sales & Trends | February 2018

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. We bought a 1961 mid-century home on 41st Street three years ago and have restored & modernized it loving 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, our front door, or simply call me direct #954.998.3098.

This snapshot below shows us sales & trends on how our Coral Ridge (& CRCCE) community is doing regarding housing demand and new 2018 market values.

For a contrast comparison from other months prior, click here for a CRCCE summary.

Coral Ridge & CRCCE Area Homes (Statistics via MLSMatrix)

  • ⬆ 129 Active Homes for Sale
  • ⬆ $1.059M Median Asking Price
  • ⬇ $389 Median Asking LP$/PSF

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

  • 2018 (YTD) – 16 Homes Sold | ⬆ $837,500 M$/SP | ⬆ $359 SP$/PSF | 128 DOM (20% 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 Area Homes (Statistics via TrendGraphix Incl. Delayed JAN. Stats)

FEB 2018 - Ave PPSF

Average Sold Price per Square Footage in January 2018: $361
Up 0.6% compared to last month
Down 9.1% compared to last year

Sold vs For Sale 2018 Coral Ridge and CRCCE

Average For Sale Price (in thousand) in January 2018: $1520
Up 2.2% compared to last month
Up 4.6% compared to last year

January 2018 Average Sold Price is Neutral*

Average Sold Price (in thousand) in January 2018: $980
Down 18.1% compared to last month
Down 3.1% compared to last year

For Sale vs Sold and Pending 2018 Coral Ridge and CRCCE

Home For Sale in January 2018: 117 units.
0% compared to last month
Down 8.6% compared to last year

Home Closed in January 2018: 15 units.
0% compared to last month
Up 87.5% compared to last year

Home Placed under Contract in January 2018: 18 units.
Up 38.5% compared to last month
Up 28.6% compared to last year

Months of Inventory 2018 Coral Ridge and CRCCE

Months of Inventory based on Closed Sales in January 2018: 7.8
0% compared to last month
Down 51.2% compared to last year

Ave DOM 2018 Coral Ridge and CRCCE

Average Days on Market in January 2018: 133
Down 8.3% compared to last month
Down 1.5% compared to last year

January 2018 Sold/Original List Price Ratio Remains Steady*

Sold/Original List Price % in January 2018: 91%
Up 3.4% compared to last month
Up 18.2% 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

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Experience for over 16 years – I’m a South Florida real estate broker-associate with the leading firm, ONE Sotheby’s International RealtyWhy Sotheby’s? Because of the brand heritage, prestige, vast global reach in curating luxury goods including premier real estate, and their propensity for perfection. Since 2002, I’ve been active in the South Florida residential & commercial markets with experience and white-glove service that rarely disappoints.

Contact me now 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.

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