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
230 SW 10th St N/A N/A 1,296 $398,000 $307 0 days
3233 NE 40th Ct 5 6 4,163 $1,995,000 $479 0 days
735 NW 17th St 3 1 925 $259,900 $280 0 days
1209 NW 7th Ave 3 2 953 $278,000 $291 0 days
128 SW 22nd Ter 3 2 1,065 $269,000 $252 0 days
1200 N Fort Lauderdale Beach Blvd Unit 305 2 2 949 $329,000 $346 0 days
600 SE Las Olas Blvd Unit 1608S 3 3 1,620 $719,000 $443 0 days
2816 NE 35th St 3 2 2,335 $899,000 $385 0 days
1180 N Federal Hwy Unit #905 2 3 1,783 $775,000 $434 0 days
3430 Galt Ocean Dr Unit 701 2 2 1,766 $635,000 $359 0 days
Average: 2.8 2.9 2,228 $1,186,346 $433 169 days
Viewing 1 - 10 of 2618
Viewing 1 - 10 of 2618
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2009 SE 10th Ave Unit 314 2 2 1,054 $245,000 $232 0 days
1671 NW 28th Ave 3 2 1,200 $214,900 $179 32 days
6170 NW 34th Ter Unit 6170 2 1 976 $200,000 $204 0 days
5100 Dupont Blvd Unit 10G 1 2 920 $217,500 $236 9 days
2204 SW 14 Street 3 3 1,050 $279,900 $266 13 days
No address 3 2 1,200 $260,000 $216 9 days
1724 SW 5th St 2 2 1,197 $499,000 $416 5 days
2900 NE 30th Street Unit D-2 N/A 1 440 $139,900 $317 4 days
2200 SW 43rd Ter 2 1 1,052 $270,000 $256 2 days
2000 S Ocean Dr Unit 906 2 2 1,688 $525,000 $311 10 days
Average: 2.7 2.3 1,832 $569,648 $281 89 days
Viewing 1 - 10 of 179
Viewing 1 - 10 of 179
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
521 Nw 16th Ave 3 2 1,353 $190,000 $190,000 $140 30 days 7/18/19
920 Sw 29th Way 4 2 1,442 $234,000 $245,000 $169 147 days 7/17/19
3121 Ne 55th Ct 4 3 3,058 $1,200,000 $1,155,000 $377 151 days 7/17/19
3000 NE 30th Pl Unit 211 N/A N/A N/A $13 $13 Unknown 322 days 7/17/19
1203 Chateau Park Dr 2 1 720 $179,900 $179,000 $248 123 days 7/15/19
3215 Ne 38th St 3 3 2,766 $1,438,000 $1,398,000 $505 137 days 7/15/19
1030 Nw 6th Ave N/A N/A N/A $212,500 $209,583 Unknown 209 days 7/15/19
1028 Nw 6th Ave N/A N/A N/A $212,500 $209,583 Unknown 209 days 7/15/19
2451 Nw 13th Ct N/A N/A N/A $695,000 $733,542 Unknown 212 days 7/15/19
1705 Nw 8th Place N/A N/A N/A $220,000 $209,583 Unknown 212 days 7/15/19
Average: 2.6 2.3 1,723 $648,230 $590,550 $284 112 days
Viewing 1 - 10 of 1944
Viewing 1 - 10 of 1944