Coral Ridge Homes For Sale - February Market Update

Posted by John Sabia on Wednesday, April 16th, 2014 at 5:41pm.

Coral Ridge Waterfront Home Sales - February 2014

A total of four Coral Ridge waterfront homes were sold in February of this year compared to 9 sales last February (2013).  The February Average Sales Price was $1,168,000 vs $1,416,000 same period last year.  The Median Sales Price for a waterfront home in February was $1,097,000 down from $1,300,000 February last year.

Coral Ridge (water)   February 2014   February 2013   2014 Year YTD   2013 All Year  
Total Homes Sold   4 9 13 57
Median Sales Price $1,097,000 $1,300,000 $1,175,000  $1,335,000 
Average Sales Price $1,168,000 $1,416,000  $1,253,000  $1,333,000 
Sales / List Price % 94% 92% 90%  94% 
Sales / Orig List % 91%  74%  75%  90% 
Day on Market  117 229  179  93 

Coral Ridge Waterfront Home Sales

photo of canal in Fort LauderdaleCoral Ridge is an upscale waterfront and non-waterfront community located in northeast Fort Lauderdale west of the Intracaostal Waterway between Commercial Blvd and Sunrise Blvd.

* Public Record
 

Coral Ridge Waterfront Homes For Sale

Currently, there are 34 Coral Ridge waterfront homes for sale in MLS.  Based on closed sales, there are 8.5 months of inventory.

Coral Ridge Home Sales - February 2014

Non-waterfront Sales totaled 3 in February as compared to 10 sales last February (2013).  The Median Sales Price was $539,000 down from $584,000 same period last year.  The Average Sales Price in February for a non-waterfront home in Coral Ridge was $752,000 significantly up from February 2013 where it was $559,000. 

Coral Ridge (non-water)   February 2014   February 2013   2014 Year YTD   2013 All Year  
Total Homes Sold   3 10 15  
Median Sales Price $539,000 $584,000 $590,000 
Average Sales Price $752,000 $559,000  $667,000 
Sales / List Price % 89% 94% 94%  94% 
Sales / Orig List % 80%  92%  86%  90% 
Day on Market  339 105  151 93 

February Sales:

* - Public Record
 

Coral Ridge Homes For Sale

At the moment, there are 50 homes for sale in Coral Ridge.  Based on closed sales, there are 17 months of inventory.   A blanced market is 6 to 8 months supply of available homes for sale.  Less inventory favors sellers and more supply favors buyers

For more information about  buying or selling a Coral Ridge home in Fort Lauderdale, call me today at 954.850.2397.  You can also visit Fort Lauderdale homes and Fort Lauderdale Condos for sale.

John Sabia

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