Coral Ridge Fort Lauderdale Home Sales & Trends for September 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:

1. Median Sale Price Values are up 8%
2. Time on Market has Increased to ~4 months
3. Less than 50% of homes sold as noted in 2015
4. 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 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 “on the market.” Pricing correctly is ever so important 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.

Contact Ashton for suggestions and new residential opportunities along Fort Lauderdale (East of US1). I’ve represented homeowners and buyers in other coastal locations, including Hollywood, Hallandale, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Surfside, and South Beach. I also cover the most desirable South Florida island areas, including Fisher Island, Key Biscayne, North Bay Village, and Bay Harbour Islands. Let’s Talk, toll-free at #888.38.DREAM for further details.

In September 2015, we 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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