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
630 Tennis Club Dr Unit 305 2 2 960 $149,900 $156 Unknown
500 NE 13th St Unit 508 N/A N/A N/A $1,250 Unknown Unknown
1180 N Federal Hwy Unit #1206 3 4 2,418 $1,785,000 $738 0 days
2000 S Ocean Dr Unit 1108 1 2 N/A $379,999 Unknown Unknown
180 Isle Of Venice Dr Unit 107 2 2 N/A $375,000 Unknown Unknown
2100 S Ocean Dr Unit #10F 2 2 1,350 $449,000 $332 0 days
101 S Fort Lauderdale Beach Blvd Unit 1406 2 2 2,124 $1,285,000 $604 Unknown
3971 SW 12th Pl N/A N/A N/A $895,000 Unknown Unknown
230 Hendricks Isle N/A N/A 2,223 $2,200,000 $989 0 days
2727 Yacht Club Blvd Unit 1E 3 3 N/A $639,000 Unknown Unknown
Average: 2.8 2.8 2,555 $1,220,505 $405 144 days
Viewing 1 - 10 of 2961
Viewing 1 - 10 of 2961
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
307 SW 12 Ave 3 2 1,899 $459,000 $241 Unknown
2031 SW 23rd Terrace 2 1 1,165 $275,000 $236 Unknown
3233 NE 34th St Unit 1411 1 1 N/A $147,500 Unknown Unknown
3333 NE 34th St Unit 1120 1 1 N/A $179,500 Unknown Unknown
2800 NE 21st Ter 3 2 2,076 $600,000 $289 Unknown
2811 NE 56th Court 4 3 3,665 $1,049,000 $286 Unknown
1160 N Federal Hwy Unit 922 2 2 1,492 $284,900 $190 Unknown
533 NE 3rd Ave Unit 442 2 2 1,240 $279,999 $225 Unknown
4915 Windward Way Unit 4407 3 3 1,382 $245,000 $177 Unknown
3111 NW 68th Ct 4 2 2,202 $329,500 $149 Unknown
Average: 2.7 2.4 2,109 $617,138 $266 N/A day
Viewing 1 - 10 of 169
Viewing 1 - 10 of 169
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5900 NE 21st Ter 2 2 1,696 $375,000 $375,000 $221 Unknown 3/20/19
1335 N Andrews Ave N/A N/A 2,201 $299,000 $279,250 $126 Unknown 3/20/19
1333 N Andrews Ave 2 1 1,440 $199,000 $148,250 $102 Unknown 3/20/19
826 SW 14th St N/A N/A 2,287 $380,000 $380,000 $166 Unknown 3/20/19
303 NW 28th Way 4 2 1,316 $217,900 $218,000 $165 Unknown 3/20/19
660 Ne 11th Ave Unit #107 1 1 476 $159,500 $156,000 $327 76 days 3/20/19
2000 S Ocean Dr Unit 408 1 2 1,092 $324,900 $303,000 $277 Unknown 3/20/19
3010 NW 68th St Unit 102 3 3 1,327 $154,900 $145,000 $109 Unknown 3/20/19
4430 SW 32nd Ave Unit 46 3 3 N/A $525,000 $525,000 Unknown Unknown 3/20/19
3070 NE 40th Ct N/A N/A N/A $1,080,000 $1,000,000 Unknown Unknown 3/20/19
Average: 2.6 2.3 1,912 $611,747 $568,035 $270 123 days
Viewing 1 - 10 of 1866
Viewing 1 - 10 of 1866