Fort Lauderdale Real Estate Market Report

or Create your own market report

As a Realtor, one of the most common questions I'm asked is "How's The Market?"

Here you can get a detailed Fort Lauderdale market report or even customize your own report based on neighborhoods. 

As an overview of the market from my perspective, it's definitely a Seller's Market here in South Florida! Fort Lauderdale is no exception. The Greater Fort Lauderdale Board of Realtors came out with statistics for the 1st Quarter of 2017 showing that single family homes in Fort Lauderdale only had a 3.5 month supply of inventory.  Keep in mind that 6 months is considered average! In the townhouse / condo category, there was a 5.7 month supply of inventory.  

Fort Lauderdale is a highly desirable area, and neighborhoods vary greatly.  If you're interested in a Fort Lauderdale market report, you might want to create your own, using specific neighborhoods. Compared with averages for Broward County, single family homes in Broward had a 3.3 month supply of inventory and for townhouses & condos, a 6 month supply.

If you're not interested in all these statistics and just want to search homes for sale, you can click here to go to my Fort Lauderdale page or click here to go to my home page where you can search anywhere in Broward County.

In the first quarter of 2017, 304 single family homes closed in Fort Lauderdale with a median sales price of $321,000. This represents an 8.8% increase over the 1st quarter of 2016. The average list to sales price was 92.5% and the median time from list to contract was 82 days.

Looking at townhouses and condos, there were 388 closed sales in the first quarter of 2017. Interestingly, 233 were cash sales. I attribute this to the continued difficulty in financing condos in Florida. Personally I'm hoping that more condos will pursue FHA eligibility, as this would make it so much easier for young people to buy their first home. When I started in Real Estate back in 1998, there were many condos that could be purchased with FHA financing. 

Continuing on with townhouses and condos, the median sales price in Fort Lauderdale for the first quarter was $277,750, representing a 3.5% increase over last year.  The average list to sales price was 92% and the median time from list to contract was 101 days.

If you haven't checked out the market report for your area, what are you waiting for! It's a great tool and it's free! 

Of course if you ever have questions about Real Estate or are thinking of buying or selling, I'd love to hear from you. You can give me a call at 954-557-7036 or email debbie@SouthFLHomes.com.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1888 Sw 41st Ave N/A N/A N/A $339,900 Unknown 2 days
2500 E Las Olas Blvd Unit 1109 3 2 1,940 $707,000 $364 1 day
5870 NE 21st Rd 2 2 1,385 $349,000 $251 1 day
1870 Sw 42nd Ter 4 2 1,350 $260,000 $192 2 days
100 NE 12th St 2 1 1,150 $325,000 $282 1 day
1333 NE 1st Ave N/A N/A 1,176 $370,000 $314 1 day
3220 Bayview Dr Unit 302 1 1 570 $209,900 $368 1 day
1201 NW 2 Ave N/A N/A 1,019 $300,000 $294 1 day
1134 NW 6th Ave N/A N/A 1,430 $299,000 $209 1 day
3101 Bay Dr Unit 2301 1 1 709 $5,000 $7.05 1 day
Average: 2.8 2.8 2,163 $1,232,502 $445 174 days
Viewing 1 - 10 of 2780
Viewing 1 - 10 of 2780
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1021 SW 18th St 2 1 1,002 $365,000 $364 5 days
3300 NE 36th St Unit 517 1 1 800 $119,900 $149 6 days
1470 N Dixie Hwy Unit #3 1 1 574 $115,000 $200 3 days
2440 NE 27th Ave 3 3 1,865 $799,900 $428 8 days
1309 NW 1st Ave 2 1 867 $230,000 $265 9 days
820 SW 26th St 3 1 1,062 $299,000 $281 10 days
1350 River Reach Dr Unit 315 2 2 1,110 $269,000 $242 11 days
731 NE 17th Ave 2 2 1,088 $599,000 $550 12 days
1907 NE 19th St 3 2 1,734 $749,000 $431 12 days
350 Se 2nd St Unit #830 2 2 1,297 $389,999 $300 6 days
Average: 2.8 2.4 1,694 $706,381 $303 105 days
Viewing 1 - 10 of 261
Viewing 1 - 10 of 261
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1653 Poinsettia Dr 3 3 1,785 $799,000 $730,000 $408 9 days 6/2/20
3326 Nw 69th St 4 2 1,922 $349,995 $349,995 $182 27 days 6/1/20
5891 Ne 18th Ave N/A N/A N/A $525,000 $525,000 Unknown 2 days 5/29/20
805 Carolina Ave 3 2 1,419 $258,900 $249,000 $175 9 days 5/29/20
900 Ne 18th Ave Unit #1204 1 1 690 $99,500 $90,000 $130 4 days 5/29/20
1121 Nw 27th Ave 3 2 1,206 $249,900 $240,000 $199 24 days 5/29/20
2150 Ne 65th St 3 3 1,980 $759,999 $725,000 $366 51 days 5/29/20
1241 Nw 30th Ave 3 2 1,332 $239,900 $230,600 $173 78 days 5/29/20
350 Se 2nd St Unit #1480 1 1 847 $300,000 $260,000 $306 163 days 5/29/20
2701-2715 E Commercial Blvd N/A N/A N/A $2,399,000 $2,100,000 Unknown 157 days 5/29/20
Average: 2.6 2.4 1,769 $702,576 $646,143 $300 91 days
Viewing 1 - 10 of 1508
Viewing 1 - 10 of 1508