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
2424 SE 17th St Unit 315B 2 2 796 $205,000 $257 0 days
1124 Seminole Drive Unit 4D 2 2 950 $229,000 $241 0 days
2561 Mercedes Dr 5 7 6,504 $6,500,000 $999 1 day
520 SE 5th Ave Unit 1502 2 2 1,148 $284,900 $248 0 days
3010 Sw 17th St 3 2 1,439 $339,000 $235 1 day
5420 SW 44th Ter 4 3 1,685 $364,900 $216 0 days
1607 Nw 7th Ave 3 2 N/A $329,900 Unknown 1 day
3540 SW 12th Pl 3 2 1,248 $250,000 $200 0 days
347 N New River Dr Unit 704 3 2 1,469 $669,000 $455 0 days
151 Ne 16th Ave N/A N/A N/A $35,000 Unknown 1 day
Average: 2.8 2.9 2,255 $1,240,542 $442 165 days
Viewing 1 - 10 of 2726
Viewing 1 - 10 of 2726
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
550 NE 7th Ave Unit 550-1 3 4 1,788 $499,000 $279 0 days
807 SW 18th St 2 1 1,116 $290,000 $259 2 days
2436 Nassau Ln 3 2 1,322 $525,000 $397 7 days
936 SW 20th St 3 2 1,227 $399,900 $325 1 day
4250 Galt Ocean Dr Unit 1K N/A 1 450 $228,900 $508 12 days
929 NE 6 St 3 3 2,216 $890,000 $401 9 days
2901 NW 6th Ct 3 2 1,024 $227,900 $222 7 days
5420 NE 16th Ave 3 2 1,651 $449,000 $271 4 days
4250 N Galt Ocean Dr Unit 1J 1 1 850 $199,000 $234 8 days
2724 NE 18th St 5 4 3,923 $1,500,000 $382 3 days
Average: 2.6 2.3 1,723 $702,196 $305 93 days
Viewing 1 - 10 of 153
Viewing 1 - 10 of 153
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2670 E Sunrise Blvd Unit #626 1 1 N/A $159,890 $152,000 Unknown 29 days 12/6/19
2672 Ne 37th Dr 3 3 1,916 $929,000 $904,000 $471 1 day 12/6/19
1311 Sw 4th Ave 2 1 812 $329,000 $310,000 $381 36 days 12/6/19
1819 Se 17th St Unit #1003 2 3 1,475 $357,500 $342,500 $232 81 days 12/6/19
2412 Marathon Ln 3 2 1,848 $559,000 $535,000 $289 1 day 12/6/19
615 Nw 10th Ter Unit #2 3 2 N/A $169,900 $171,996 Unknown 20 days 12/6/19
5200 NE 24th Ter Unit C212 2 1 875 $135,000 $110,000 $125 0 days 12/5/19
3020 Ne 32nd Ave Unit #1410 2 2 1,190 $367,500 $348,500 $292 46 days 12/5/19
650 E Tennis Club Dr Unit #109 2 2 1,168 $169,900 $167,000 $142 12 days 12/5/19
738 NE 20th Ave 2 2 N/A $1,890,000 $1,900,000 Unknown 0 days 12/4/19
Average: 2.6 2.3 1,729 $594,246 $550,504 $278 93 days
Viewing 1 - 10 of 1648
Viewing 1 - 10 of 1648