Fort Lauderdale Homes For Sale | Market Report - 3rd Quarter 2010

Posted by John Sabia on Sunday, October 17th, 2010 at 1:58pm.

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! [TABLE=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. Return to Fort Lauderdale Real Estate

John Sabia

2 Responses to "Fort Lauderdale Homes For Sale | Market Report - 3rd Quarter 2010"

Southern lakefront homes | Lakefront Houses wrote: [...][...] Fort Lauderdale Homes For Sale | Market Report – 3rd Quarter 2010 …Real Estate Blog | Fort Lauderdale | Condos, Homes, Townhomes downtown, waterfront, on a canal, on the river and on the beach!  read more… [...][...]

Posted on Monday, October 18th, 2010 at 4:27am.

Fort Lauderdale Condos | Market Update – 3rd Quarter 2010 « Fort Lauderdale Real Estate Blog wrote: [...][...] Fort Lauderdale Homes For Sale | Market Report – 3rd Quarter 2010 [...][...]

Posted on Saturday, October 23rd, 2010 at 9:27pm.

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