February Listing & Sales Activity for Victoria Park - Fort Lauderdale

There were 8 New Listings added to the market in February bringing inventory to 53 homes for sale or 2%.

11 homes for sale as short sales and no foreclosures.

Victoria Park Homes Sold In February 2009

There were 2 Recent Sales in Victoria Park in February

• 514 NE 13th Ave, 4 bed/ 4 baths, pool home.  Listed Price $990,000.  Sold Price $900,000.  Selling Price per Square Foot - $259.
• 703 NE 17th Way, 4 bed/ 4 baths, pool home. (Bank owned Foreclosure).            Listed Price $759,900.  Sold Price $750,000.  Selling Price per Square Foot - $265,000.

Average Days on Market - 19.

Victoria Park Pending Sales in February 2009

1 Home went Pending (under contract) in February

• 1413 NE 4th Court, 2 bed/2 baths, pool home.  Listed Price $550,000.

For more information about buying or selling a home in Victoria Park, contact me today at 954-850-2397.

Search available Fort Lauderdale MLS property listings including Fort Lauderdale Short Sales and Fort Lauderdale bank owned Foreclosures.

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Source: Fort Lauderdale MLS.  Information believed accurate but not warranted.  Average Days on Market could vary if property was previously listed.

February Listing & Sales statistics for the Coral Ridge neighborhood report 17 new listings added for a total of 127 homes for sale in Coral Ridge.  This is a 23% reduction in inventory over last month with just 4% of homes listed for sale.

2 Short Sales were added in February while there we no REO bank foreclosures added.

Coral Ridge Homes Sold in February 2009

There were 7 homes sold in February

• 3080 NE 45th Street, waterfront-pool. Listed Price $1,795,000.  Sold Price $1,400,000.  Selling Price per sq ft - $381.
• 2616 NE 17th Street, pool.  Listed Price $1,690,000.  Sold Price $1,325,000. Selling price per sq. ft -  $338.
• 2800 NE 20th Court, pool. Listed Price $1,300,000.  Sold Price $$1,325,000.  Selling price per sq ft -  $333.
• 3011 NE 41st Street, waterfront - pool.  Listed Price $1,195,000.  Sold Price $$1,065,000.  Selling price per sq. ft - $454.
• 1818 Coral Ridge Drive, pool. Listed Price $949,000.  Sold Price $825,000.  Selling price per sq. ft - $199.
• 2614 NE 15th St, pool. ListedPrice $849,000. Sold Price $$810,000.  Selling price per sq ft - $298.
• 2510 NE 47th Street, pool.  Listed Price $795,000.  Sold Price $750,000.  Selling price per sq. ft - 305.

Average Days on Market - 113.

Coral Ridge Pending Sales in February 2009

There was 1 home place under contract in February.

• 2873 NE 24th Street, waterfront-pool.  Listed Price $1Million

For more information about buying or selling a home in Coral Ridge, contact me today at 954-850-2397.

Search available Fort Lauderdale MLS Property Listings including Fort Lauderdale Foreclosures and Fort Lauderdale Short Sales

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Source: Fort Lauderdale MLS. Information believed accurate but not warranted.   Average days on market could vary if property was previously listed.

March 2009 Home Sales figures in Fort Lauderdale continue in positive territory.

Closed Sales were up for for both single family homes and condos.  Pending Sales were up for single family homes, however, Pending Condo Sales were down slightly in March.  Total Inventory continues to shrink.

Closed Sales for Single Family Homes for sale in Fort Lauderdale in March were up 30% from last month and up 19% from same time last year.

March single family Average Sales Price is up 12% from February 2009, however, down 27% from last year.  A huge improvement from February 2009 versus February 2008 Average sales price which was down 42%.  Again, mainly due to the number of bank owned foreclosures and short sales.

Single family Median Sales Price was up 3% in March over last month, down 27% from same time last year.

Pending Sales for single family homes were up 3% over last month and up 86% over same period last year!

Inventory for single family homes was down 5% in March over February and down 27% from last year.

Closed Sales for Fort Lauderdale Condos were up 20% in March over February and up 5% from March 2008.

Average Sales Price for condos was down 4% from last month and down 29% from same time last year.

Median Sales Price was up 2% over last month and down 37% from March 2008.

Pending Condo Sales were down 4% over February, however, up 61% from February 2008!

Inventory for Condos is down 2% from last month and down 19% from last year.

It is still too early to tell for sure if we’ve reached bottom, however, it certainly looks like we have.  We need to continue to monitor the next few months.

If you are interested in condos for sale in Fort Lauderdale or buying a home in Fort Lauderdale, it may be time to consider stepping up to the plate.  Low interest rates, low prices and tax incentives may make it the right decision for you.

Contact me at 954-850-2397 if you are considering a home purchase or if you are interested in selling your home.

You can search Fort Lauderdale MLS available property listings including Fort Lauderdale Foreclosures and Fort Lauderdale Short Sales.

February Home Sales Up, Pending Sales Up and Inventory Down

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