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
2620 Sw 8th St 4 2 1,400 $264,000 $188 1 day
319 Seven Isles Dr 3 3 2,551 $1,750,000 $686 1 day
3333 NE 34th St Unit 610 2 2 1,150 $185,000 $160 1 day
No address 4 2 2,062 $519,500 $251 1 day
Davie N/A N/A N/A $380,000 Unknown 1 day
3220 Bayview Drive Unit 102 1 1 570 $146,000 $256 1 day
1045 Ne 18th Ave Unit #401 1 1 600 $259,000 $431 1 day
511 SE 5th Ave Unit 1409 2 2 1,246 $333,000 $267 1 day
1601 SW 20th Ave N/A N/A 1,102 $469,900 $426 1 day
540 Sw 15th Ave 5 3 1,879 $519,000 $276 1 day
Average: 2.8 2.9 2,232 $1,190,475 $433 167 days
Viewing 1 - 10 of 2838
Viewing 1 - 10 of 2838
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2454 Okeechobee Ln 3 2 1,387 $425,000 $306 0 days
1433 NW 1st Ave 3 2 1,820 $260,000 $142 3 days
5310 NE 15th Ave 3 2 1,712 $475,000 $277 5 days
1217 Seabreeze Blvd 4 3 2,728 $849,000 $311 0 days
2455 NE 51st St Unit E-216 2 1 875 $132,000 $150 5 days
2421 NE 65th St Unit 308 1 1 N/A $214,500 Unknown 5 days
4922 Tradewinds Ter Unit 305 2 3 1,379 $225,000 $163 6 days
3120 SW 14th St 3 2 1,692 $349,900 $206 14 days
530 NE 7th Ave Unit 1 3 4 1,649 $428,888 $260 5 days
830 SW 10th St 3 2 2,047 $795,000 $388 8 days
Average: 2.6 2.2 1,655 $517,862 $275 86 days
Viewing 1 - 10 of 190
Viewing 1 - 10 of 190
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
6000 Ne 22nd Way Unit #2G 1 1 768 $129,900 $121,000 $157 69 days 5/22/19
1931 Ne 60th St 3 2 1,722 $515,000 $485,000 $281 49 days 5/21/19
2715 N Ocean Blvd Unit #5B 2 2 1,200 $255,000 $250,000 $208 48 days 5/20/19
850 Sw 16th St Unit #850 3 3 1,516 $379,000 $327,500 $216 122 days 5/20/19
840 Sw 16th St 3 3 1,884 $359,000 $327,500 $173 122 days 5/20/19
1326 NW 9th Te 3 2 1,018 $185,000 $183,000 $179 0 days 5/17/19
2217 Sw 1st Ct 3 2 1,350 $285,000 $290,000 $214 21 days 5/17/19
1930 Ne 55th St 3 2 2,491 $429,900 $436,500 $175 27 days 5/17/19
2500 Franklin Dr N/A N/A 1,620 $295,000 $260,000 $160 51 days 5/17/19
621 Sw 14th Ter 4 3 1,804 $500,000 $465,000 $257 55 days 5/17/19
Average: 2.6 2.3 1,700 $633,430 $573,794 $281 108 days
Viewing 1 - 10 of 1764
Viewing 1 - 10 of 1764