Fort Lauderdale HOME Index | May 2016

Welcome to the first annual Fort Lauderdale Home Index by Ashton Coleman. Every six months or so, I’ll analyze different value analytics in the premier neighborhoods of Fort Lauderdale, so please, check back often.

Fort Lauderdale Home Index Overview:

Fort Lauderdale (East of US-1) had 490 homes for sale in MAY, with 44 closed over the last 30 days making this a buyer’s market with an 11-month supply. There have been 157 homes sold so far this year, with a median sale price of $960,000 and a median sale price per square foot of $376. It has taken an average of 147 days for a home to sell in Fort Lauderdale, up from 125 days (YTD) in 2015. As we see general figures here, the micro-stats also matter, such as an individual neighborhood.

Here are the most desirable areas in Fort Lauderdale, with statistics and trends driving each in 2016.

Available Homes, Median List Price & Median Price Per Square Foot for Homes Active on the MLS

• Fort Lauderdale Beach – 22 Homes for sale | Median List Price $1.947M | Med. PPSF $531
• Lauderdale by the Sea  – 57 Homes for sale | Median List Price $1.2M | Med. PPSF $425
• Coral Ridge  – 109 Homes for sale | Median List Price $1.295M | Med. PPSF $428
• Las Olas  – 26 Homes for sale | Median List Price $3.448M | Med. PPSF $650
• The Landings  – 13 Homes for sale | Median List Price $1.250M | Med. PPSF $469
• Harbor Beach  – 30 Homes for sale | Median List Price $2.750M | Med. PPSF $599
• Bay Colony  – 7 Homes for sale | Median List Price $3M | Med. PPSF $657
• Bermuda Riviera  – 13 Homes for sale | Median List Price $1.350M | Med. PPSF $490
• Rio Vista  – 36 Homes for sale | Median List Price $1.675M | Med. PPSF $502
• Victoria Park  – 38 Homes for sale | Median List Price $814K | Med. PPSF $412
• Sunrise Intracoastal  – 6 Homes for sale | Median List Price $985K | Med. PPSF $354

# Homes SOLD Within the Last 6 Months, Median Sale Price, Med. Price Per Square Foot, Sale Price to List %, and # Days On Market (DOM)

• Fort Lauderdale Beach – 14 Homes Sold | Median Sale Price $1.288M | Med. SP$/PSF $513 | SP/LP% 91 | DOM 117
• Lauderdale by the Sea – 48 Homes Sold | Median Sale Price $650K | Med. SP$/PSF $314 | SP/LP% 93 | DOM 45
• Coral Ridge – 75 Homes Sold | Median Sale Price $740K | Med. SP$/PSF $313 | Med. SP/LP% 95 | DOM 87
• Las Olas – 9 Homes Sold | Median Sale Price $1.675M | Med. SP$/PSF $721 | Med. SP/LP% 91 | DOM 140
• The Landings – 14 Homes Sold | Median Sale Price $930K | Med. SP$/PSF $368 | Med. SP/LP% 94 | DOM 110
• Harbor Beach – 8 Homes Sold | Median Sale Price $1.398M | Med. SP$/PSF $548 | Med. SP/LP% 95 | DOM 76
• Bay Colony – 3 Homes Sold | Median Sale Price $2.9M | Med. SP$/PSF $323 | Med. SP/LP% 91 | DOM 247
• Bermuda Riviera – 6 Homes Sold | Median Sale Price $918K | Med. SP$/PSF $349 | Med. SP/LP% 81 | DOM 37
• Rio Vista – 21 Homes Sold | Median Sale Price $1.2M | Med. SP$/PSF $393 | Med. SP/LP% 93 | DOM 106
• Victoria Park – 23 Homes Sold | Median Sale Price $520K | Med. SP$/PSF $330 | Med. SP/LP% 94 | DOM 132
• Sunrise Intracoastal – 5 Homes Sold | Median Sale Price $890K | Med. SP$/PSF $278 | Med. SP/LP% 95 | DOM 94

Fort Lauderdale Home Index Summary

I’ll use the valuable figures above with the following home index to compare and evaluate trends in our local market. Until then, we have general information for review, and I thank you for reading the Fort Lauderdale Home Index.

(Figures are derived from the Southeast Florida Regional Multiple Listing Service & Trendgraphix May 2016)

>> Fort Lauderdale Luxury Homes for Sale | Vacant Land in Fort Lauderdale <<

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If you have a home in Fort Lauderdale and would like an evaluation of market value, contact me for a cutting-edge marketing strategy, pricing band analysis, and a detailed seller’s report. Pricing your home correctly is essential to selling timely and for the highest amount possible. Call today, and I’ll analyze the pricing band positioning and neighborhood trends to see where your home will sell “in the market” rather than just being “on the market.”

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