Fort Lauderdale Homes For Sale
Third Quarter Market trends for non-waterfront Fort Lauderdale Homes For Sale in Northeast and Southeast Fort Lauderdale; and Fort Lauderdale Beach communities.
Inventory in September increased by 2.5% from August and was up 4.7% from January of this year. New Listing inventory increased 7.8% month over month and was up 9.5% as compared to January. Pending homes (under contract) increased 1.4% from August to September; however, they were down 6.4% as compared to January. Closed Sales were up 27.7% month over month and were up 53.8% as compared to January!
For Sale/ Sold/ Pending/ New Listing - Non Waterfront
| |
|
1 Month |
|
9 Months |
|
|
| |
Aug 10 |
Sep 10 |
% Change |
Jan 10 |
Sep 10 |
% Change |
| For Sale |
520 |
533 |
2.5% |
509 |
533 |
4.7% |
| New Listing |
128 |
138 |
7.5% |
126 |
138 |
9.5% |
| Sold |
47 |
60 |
27.7% |
39 |
60 |
53.8 |
| Pending |
72 |
73 |
1.4% |
78 |
73 |
-6.4% |
Of these figures, inventory for home foreclosures for sale was down 7.9% in September from August with a total of 35 properties classified as bank foreclosures. However, inventory is up 59.1% as compared to January. Closed Sales classified as reo bank owned were up 27.3% in September from August and were up 40% as compared to January.
Inventory for Short Sales was up 16.1% in September from August with a total of 108 properties; and up 10.2% as compared to January. Closed Sales classified as short sales were down 25% in September from August; and were down 25% as compared to January.
The Average Price per square foot for a non-waterfront home in September was $191.00, up 8.6% from August; and up 21% as compared to January 2010.
In September, the Average Days on the Market for a non-waterfront home was 98 days; up 24.1% from August and was down 14% as compared to January. Sales Price versus Listing Price differential ranged from 89 – 98%.
The Average Closed Sales Price for a non-waterfront home in September was $351.00; up 38.7% from August and was 36% as compared to Janaury. Median Sales Price in September was $232.00; up 24.1% from August and up 36.5% as compared to January 2010.
In September, there were 8.9 months of non-waterfront homes for sale, down 19.7% from August; and down 31.9% as compared to January. Pundits agree that a normal balanced market with regards to inventory is when there are 6-8 months of inventory.
Fort Lauderdale Waterfront Homes | Market Report – 3rd Quarter 2010
Fort Lauderdale Condos | Market Report – 3rd Quarter 2010
For more information about buying or selling homes for sale in Fort Lauderdale, contact me today at 954.850.2397.
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