Coral Ridge Fort Lauderdale Home Sales & Trends | SEPT 2016
Neighborhood Spotlight: Coral Ridge + Coral Ridge Country Club Estates
- 2016 – 99 Active Homes for Sale | $1.199M Median Asking Price | $395 Median Asking PPSF
This snapshot shows us sales & trends on how our community is doing regarding housing demand and 2016 market values.
* Total # Homes SOLD | Median Sale Price (M$/SP) | Median Sale Price Per Square Foot (SP$/PSF) | Average Days On Market (DOM)
- 2016 – 102 Homes Sold (YTD) | $795,000 M$/SP | $330 SP$/PSF | 122 DOM (8% 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
From these figures above, a general summary of this information concludes:
- Median Sale Price Values are up 8%
- Time on Market has Increased to ~4 months
- Less than 50% of homes sold as noted in 2015
- Single Family Home Inventory is down to 99 homes and an approximate 10-Month supply
*Figures are derived from Greater Ft. Lauderdale Regional Multiple Listing Service September 2016
Let’s discuss your Fort Lauderdale home sale.
Send a note below or simply call and we’ll analyze the pricing bands and neighborhood trends together to see where your home will ideally fit “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!
When you’re ready to discuss Fort Lauderdale real estate, call me at #954.998.3098.
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