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
2900 NE 30th St. Unit 5K 1 1 730 $249,900 $342 0 days
1141 Ne 3rd Ave 3 3 2,439 $419,900 $172 0 days
1150 SW 31st St 4 2 1,038 $279,000 $268 0 days
5231 NE 29th Ave 3 2 2,181 $924,999 $424 0 days
711 N Birch Rd Unit 205 2 4 1,200 $307,990 $256 0 days
1034 NW 2nd Ave 3 3 1,695 $275,000 $162 0 days
2855 NE 26 Place 5 7 5,958 $3,699,999 $621 0 days
1504 Nw 27th Ave 3 2 N/A $294,900 Unknown 1 day
1920 S Ocean Drive Unit 103 1 1 805 $146,000 $181 0 days
601 N Fort Lauderdale Beach Blvd Unit 1412 1 1 980 $299,000 $305 0 days
Average: 2.8 2.8 2,193 $1,235,359 $449 162 days
Viewing 1 - 10 of 2730
Viewing 1 - 10 of 2730
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1109 NE 17th Ter N/A N/A 1,490 $389,000 $261 0 days
740 NW 2nd Ave 2 1 820 $249,900 $304 5 days
805 NW 18th St 2 2 925 $185,000 $200 7 days
4973 SW 32nd Ter Unit 4973 3 2 1,179 $257,000 $217 4 days
5630 NE 18 Ave N/A N/A N/A $4,690,000 Unknown 143 days
2801 NE 60th St Unit 2801 3 3 1,720 $393,000 $228 4 days
1460 SE 15th St Unit B 2 3 1,100 $399,900 $363 0 days
1708 NE 9th Ave 3 2 1,615 $410,000 $253 0 days
1511 NE 60th St 4 3 2,541 $455,000 $179 5 days
6341 NE 20th Way 4 3 2,380 $850,000 $357 2 days
Average: 2.5 2.2 1,528 $579,122 $286 84 days
Viewing 1 - 10 of 135
Viewing 1 - 10 of 135
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
3021 Lakeshore Dr 3 2 N/A $123,000 $112,500 Unknown 15 days 4/3/20
333 Nw 17th Ct Unit #102B 2 2 975 $168,000 $160,000 $164 152 days 4/2/20
1905 N Ocean Blvd Unit #14D 2 2 1,500 $659,000 $659,000 $439 86 days 4/2/20
3051 Ne 47th Ct Unit #106 1 2 790 $225,000 $210,000 $265 14 days 4/1/20
4400 NE 23 Ave 4 4 4,504 $1,650,000 $1,650,000 $366 1 day 3/31/20
1430 Ne 13th Ave N/A N/A N/A $445,000 $445,000 Unknown 44 days 3/31/20
2809 Ne 37th Ct 6 8 7,167 $3,495,000 $3,200,000 $446 391 days 3/31/20
1413 Nw 5th Ave 2 1 987 $285,000 $272,500 $276 188 days 3/31/20
2660 Ne 26th Ter 4 3 2,720 $749,999 $710,000 $261 194 days 3/31/20
6393 Bay Club Dr Unit #1 1 2 850 $160,000 $155,000 $182 206 days 3/31/20
Average: 2.6 2.4 1,755 $682,108 $633,799 $298 92 days
Viewing 1 - 10 of 1722
Viewing 1 - 10 of 1722