Coral Ridge Fort Lauderdale Home Sales & Trends November 2017 were robust. As a Coral Ridge Country Club Estates resident, I like to keep a constant tab on what’s happening with local real estate values. We bought a 1961 mid-century home on 41st Street two years ago and have restored & modernized it loving this location, our beautiful home, and our neighbors. If you’d like to chat regarding our community or the information provided below, don’t hesitate to reach out via NextDoor, our front door, or call me direct # at 954.998.3098.
This snapshot below shows us sales & trends on how our Coral Ridge community is doing regarding housing demand and 2017 market values.
For a contrast comparison from other months prior, click here for a CRCCE summary.
Coral Ridge Fort Lauderdale Home Sales & Trends | November 2017
Neighborhood Spotlight ☀ Coral Ridge + Coral Ridge Country Club Estates
Coral Ridge & CRCCE Area Homes (Statistics via MLSMatrix)
- ⬇ 107 Active Homes for Sale
- ⬇ $1.025M Median Asking Price
- ⬆ $404 Median Asking LP$/PSF
Total # Homes SOLD | Median Sale Price (M$/SP) | Median Sale Price Per Square Foot | Average Days On Market (DOM)
- 2017 (YTD) – 170 Homes Sold | ⬇ $666,500 M$/SP | ⬇ $286 SP$/PSF | 102 DOM (10% 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 SEPT. Stats)
Average Sold Price per Square Footage in September 2017: $266
Down 27.5% compared to last month
Down 14.7% compared to last year
Average Days on Market in September 2017: 104
Down 1.9% compared to last month
Up 28.4% compared to last year
Sold/Original List Price % in September 2017: 88%
Down 1.1% compared to last month
0% compared to last year
Months of Inventory based on Closed Sales in September 2017: 10
Up 54.1% compared to last month
Down 11.5% compared to last year
Home For Sale in September 2017: 100 units.
Up 3.1% compared to last month
Down 11.5% compared to last year
Home Closed in September 2017: 10 units.
Down 33.3% compared to last month
0% compared to last year
Home Placed under Contract in September 2017: 6 units.
Down 76% compared to last month
Down 60% 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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