First Quarter 2011 Market Report for east side Waterfront homes for sale in Fort Lauderdale show inventory levels are about 75 fewer homes for sale, which is not much of a reduction in the amount of homes available for sale over the past year. The number of closed sales and pending sales have increased month over month for this quarter; however, they remain consistent with same time last year.
Waterfront home Foreclosures in Fort Lauderdale represented .03% of available inventory and .05% of closed sales in the first quarter 2011.
Waterfront Short Sales in Fort Lauderdale made up approximately 24% of inventory and .08% of sales in the first quarter 2011.
The Average Price Per Square Foot is trending upward this quarter at roughly $341.00 per foot. This includes all waterfront homes with fixed bridges and no fixed bridges. No fixed bridges would have a higher amount.
Average Price For Sale trended upward slowly over the past year while Average Sales Price had a bumpy ride over the past year trending up for the first quarter 2011. The Median Sales Price this quarter remained fairly consistent at about $993,000.
Average days on the market is a little over six months. The percentage a home sold versus the listed price is roughly 84%.
Months of Inventory is the big shocker here. In the first quarter of this year, inventory dropped by almost 1 year. A peak into April inventory reveals the level dropped another month to the lowest level over the past year. Very encouraging.
If you are interested in selling or buying a waterfront home for sale in Fort Lauderdale, call me at 954.850.2397. You can view property listings by searching the Fort Lauderdale MLS.
Related articles
- Fort Lauderdale Real Estate – Market Report | January to March 2011 (johnsabia.com)
- Limited Inventory Makes For A Healthy Condo Market In Fort Lauderdale (johnsabia.com)
