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
2625 NE 26th Ave 3 3 2,161 $1,090,000 $504 0 days
900 Ne 18th Ave Unit #303 1 1 N/A $129,000 Unknown 0 days
2756 NE 16 St 5 8 6,271 $4,495,000 $716 0 days
700 NE 14th Ave Unit 206 3 4 2,214 $797,040 $360 0 days
700 NE 14th Ave Unit 101 3 3 2,214 $947,940 $428 0 days
700-714 NE 14th Ave Unit 311 4 4 2,381 $904,780 $380 0 days
333 Nw 17th Ct Unit #102B 2 2 975 $179,000 $183 0 days
3333 W Commercial Blvd N/A N/A N/A $150,000 Unknown 0 days
1345 N Andrews Av N/A N/A 2,098 $374,900 $178 0 days
200 SW 22nd Ave 3 2 1,442 $210,000 $145 0 days
Average: 2.8 2.9 2,221 $1,219,589 $440 166 days
Viewing 1 - 10 of 2616
Viewing 1 - 10 of 2616
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
No address 3 2 1,358 $399,000 $293 1 day
2018 NE 20th Ave 3 2 1,647 $629,000 $381 0 days
3018 NE 21 Street 4 5 N/A $2,198,986 Unknown 5 days
1660 SW 47th Ter 3 3 1,972 $275,000 $139 3 days
1541 Cordova Rd N/A N/A N/A $2,000,000 Unknown 8 days
5115 NE 17th Ter 3 2 2,266 $567,900 $250 2 days
5261 NE 19th Ave 3 2 1,582 $495,000 $312 2 days
741 Bayshore Dr Unit 25S 1 1 540 $215,000 $398 3 days
6421 Bay Club Unit 2 2 2 1,260 $215,000 $170 2 days
4286 SW 49th Ct 3 2 1,300 $249,900 $192 2 days
Average: 2.6 2.3 1,737 $543,612 $287 81 days
Viewing 1 - 10 of 140
Viewing 1 - 10 of 140
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1104 Nw 23rd Ter 3 2 1,124 $189,000 $167,000 $148 29 days 10/18/19
2453 Andros Ln 4 2 1,739 $329,900 $315,000 $181 50 days 10/18/19
2445 Sw 18 Ter Unit #415 1 1 N/A $129,900 $120,000 Unknown 59 days 10/18/19
909 Nw 3rd Ave 3 2 1,723 $298,999 $285,000 $165 146 days 10/17/19
3480 Sw 15th St 3 2 1,201 $276,900 $266,000 $221 78 days 10/16/19
2806 Ne 21st Ave 2 2 1,425 $479,900 $450,000 $315 88 days 10/16/19
315 Ne 3rd Av Unit #1606 2 3 1,579 $449,000 $440,000 $278 90 days 10/15/19
1504 Nw 9th Ave 3 1 N/A $209,000 $200,000 Unknown 59 days 10/14/19
731 Se 13th St 3 4 1,956 $509,900 $491,000 $251 32 days 10/11/19
626 Sw 7th Ave N/A N/A 2,133 $448,000 $443,000 $207 34 days 10/11/19
Average: 2.6 2.3 1,725 $610,949 $560,132 $279 111 days
Viewing 1 - 10 of 1793
Viewing 1 - 10 of 1793