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
3005 1/2 Nw 68th St Unit #9D 2 1 1,100 $199,000 $180 0 days
1912 NE 21st Ave 2 2 1,526 $769,900 $504 0 days
3101 Bayshore Dr Unit 1706 2 2 N/A $1,000,000 Unknown 0 days
3909 N Ocean Blvd Unit #204 2 2 1,145 $285,000 $248 0 days
2125 SW 16th Ter 4 3 3,108 $825,000 $265 0 days
2200 Ne 66th St Unit #1402 2 2 875 $145,000 $165 0 days
353 Sunset Dr Unit 401 3 5 N/A $3,200,000 Unknown 2 days
1471 NW 19th St N/A N/A 2,025 $360,000 $177 0 days
1791 NE 15th St 2 1 985 $800,000 $812 0 days
4970 SW 28th Ter 3 1 1,141 $315,000 $276 0 days
Average: 2.8 2.9 2,225 $1,649,651 $599 146 days
Viewing 1 - 10 of 1268
Viewing 1 - 10 of 1268
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1081 Alabama Ave 3 2 1,245 $325,000 $261 8 days
2106 NE 65th St 3 2 1,979 $899,000 $454 0 days
1433 NE 5th Ter 3 3 1,204 $549,000 $455 1 day
511 Bayshore Dr Unit 910 1 1 1,036 $419,000 $404 2 days
3300 NE 36th St Unit 920 1 1 800 $155,000 $193 1 day
753 SE 12th Ct Unit 753 3 4 2,048 $740,000 $361 1 day
2237 NE 15th Ct 6 5 3,396 $2,695,000 $793 2 days
707 Nw 18th St 2 1 1,114 $305,000 $273 0 days
2756 & 2764 NE 17th St 4 6 5,183 $7,900,000 $1,524 2 days
2764 NE 17th St 4 6 5,183 $4,200,000 $810 2 days
Average: 2.9 2.6 1,754 $817,467 $383 61 days
Viewing 1 - 10 of 192
Viewing 1 - 10 of 192
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
6160 Nw 33rd Way Unit #6160 3 2 1,575 $336,000 $336,000 $213 8 days 10/20/21
7 Se St N/A N/A N/A $750,000 $750,000 Unknown 346 days 10/20/21
1516 Nw 7th Ave N/A N/A 1,542 $359,000 $375,000 $243 7 days 10/19/21
5251 Ne 19th Ave 3 2 1,684 $850,000 $901,000 $535 2 days 10/18/21
6475 Bay Club Dr Unit #4 1 2 850 $209,900 $209,900 $246 5 days 10/18/21
1137 Ne 3rd Ave Unit #* 3 3 2,441 $559,900 $570,000 $233 19 days 10/18/21
5831 Bayview Dr 3 3 2,496 $1,180,000 $1,037,500 $415 64 days 10/18/21
3031 N Ocean Blvd Unit #1508 1 1 700 $222,000 $222,000 $317 11 days 10/15/21
1605 Sw 4th 3 2 1,465 $550,000 $550,500 $375 15 days 10/15/21
636 W Dayton Cir 3 2 1,506 $399,999 $385,000 $255 15 days 10/15/21
Average: 2.6 2.4 1,740 $854,882 $812,278 $378 74 days
Viewing 1 - 10 of 2570
Viewing 1 - 10 of 2570