Coral Ridge Fort Lauderdale Home Sales & Trends | June 2020
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
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
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