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 has definitely been a Seller's Market here in South Florida, but some people believe changes are coming due to COVID, Fort Lauderdale properties are staying on the market a little longer due to fewer buyers going out to look at homes. That said, there's a difference between the luxury market and lower priced homes. Homes in the lower price ranges are still selling quickly. The Greater Fort Lauderdale Board of Realtors came out with statistics for the 1st Quarter of 2020 showing that single family homes in Fort Lauderdale have a 6.6 month supply of inventory. Keep in mind that 6 months is considered average. In the townhouse / condo category, there was a 7.9 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.

Currently inventory is low throughout Broward County, so prices are holding steady and even continuing to increase in some areas. If we see a lot of inventory coming on the market in the future, things may change. But for now, inventory for single family homes in Broward County as a whole is only 3.9%. Inventory for townhouses & condos is at 6 months.

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 2020, 379 single family homes closed in Fort Lauderdale with a median sales price of $485,000. This represents an 17% increase over the 1st quarter of 2019! The average list to sales price was 92.8% and the median time from list to contract was 81 days.

Looking at townhouses and condos, there were 508 closed sales in the first quarter of 2020. Interestingly, 51.8% 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. Now days most condos require 20-30% down.

Continuing on with townhouses and condos, the median sales price in Fort Lauderdale for the first quarter was $315k, representing a 9.6% increase over last year.  The average list to sales price was 92.4% and the median time from list to contract was 100 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
2118 SW 37th Terr 3 2 1,204 $475,000 $394 1 day
1000 SE 15th St Unit 105 2 1 670 $171,000 $255 1 day
2940 Oak Tree Dr 3 3 2,588 $770,000 $297 1 day
90 Isle Of Venice Dr N/A N/A N/A $1,000 Unknown 1 day
2756 Oak Tree Ln 3 3 2,022 $670,000 $331 1 day
6100 NW 34th Ter Unit 6100 3 2 1,565 $318,000 $203 2 days
511 SE 5th Ave Unit 2307 2 2 1,233 $399,000 $323 16 days
2000 S Ocean Dr Unit 1602 2 2 1,524 $900,000 $590 1 day
1625 SE 10th Ave Unit 505 1 1 800 $169,999 $212 1 day
3850 Galt Ocean Dr Unit #411 3 3 2,080 $900,000 $432 1 day
Average: 2.7 2.8 2,180 $1,600,084 $565 151 days
Viewing 1 - 10 of 1355
Viewing 1 - 10 of 1355
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
504 SW 18th Ct 2 1 1,203 $340,000 $282 1 day
4020 Galt Ocean Dr Unit 606 2 2 1,907 $595,900 $312 4 days
1401 NE 9th St Unit 41 3 3 1,658 $480,000 $289 1 day
2000 S Ocean Dr Unit 1602 2 2 1,524 $900,000 $590 1 day
350 SE 2nd St Unit 1150 2 2 1,346 $539,000 $400 1 day
No address 3 1 1,174 $420,000 $357 1 day
2818 NE 21st Ave 3 2 1,662 $525,000 $315 3 days
610 W Las Olas Blvd Unit 1313N 2 2 1,298 $460,000 $354 4 days
1772 SE 25th Ave 4 5 3,909 $2,900,000 $741 4 days
2929 Center Ave 4 5 3,575 $2,900,000 $811 4 days
Average: 2.7 2.4 1,571 $620,789 $365 74 days
Viewing 1 - 10 of 203
Viewing 1 - 10 of 203
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1607 Se 14th St 2 2 N/A $1,499,000 $1,350,000 Unknown 53 days 6/18/21
601 N Ft Lauderdale Beach Blvd Unit #610 1 1 804 $339,000 $339,000 $421 74 days 6/18/21
No address 3 2 1,706 $325,000 $330,000 $193 45 days 6/18/21
3200 Port Royale Dr N Unit #606 2 2 1,351 $409,900 $390,000 $288 9 days 6/17/21
2359 Sw 27th Ter 3 2 1,732 $899,000 $820,000 $473 81 days 6/17/21
2514 Ne 21st St #A 3 4 N/A $1,150,000 $1,150,000 Unknown 197 days 6/17/21
1401 NE 9th St Unit 31 3 3 1,658 $450,000 $450,000 $271 2 days 6/16/21
812 Ne 7th St 3 4 1,850 $595,000 $651,000 $351 4 days 6/16/21
2756 Ne 37th Dr 4 3 2,438 $1,100,000 $1,072,225 $439 18 days 6/16/21
1959 NE 15th Avenue Unit 1959 2 2 971 $299,000 $285,000 $293 107 days 6/16/21
Average: 2.6 2.5 1,825 $850,052 $803,438 $364 82 days
Viewing 1 - 10 of 2953
Viewing 1 - 10 of 2953