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
505 N Fort Lauderdale Beach Blvd Unit 1815 N/A 1 533 $299,000 $560 0 days
1110 Seminole Drive Unit 301 2 4 2,870 $1,795,000 $625 0 days
719 Ne 17th Road N/A N/A N/A $565,000 Unknown 1 day
101 S Ft Lauderdale Beach Unit 2206 2 2 1,905 $1,365,000 $716 0 days
540 Victoria Ter 3 2 1,989 $1,359,000 $683 0 days
100 N Federal Hwy Unit 619 2 2 1,200 $399,900 $333 0 days
701 N Fort Lauderdale Blvd Unit 1604 2 3 1,910 $1,899,000 $994 0 days
811 Sw 31st Ave 3 2 1,258 $224,900 $178 3 days
4040 Galt Ocean Dr Unit 710 2 2 N/A $465,000 Unknown 0 days
6531 NE 21st Ter 4 3 2,283 $699,000 $306 0 days
Average: 2.8 2.9 2,230 $1,223,649 $442 163 days
Viewing 1 - 10 of 2764
Viewing 1 - 10 of 2764
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1905 N Ocean Blvd Unit E7A 2 2 1,665 $541,000 $324 1 day
2831 N Ocean Blvd Unit 901N 2 2 1,468 $775,000 $527 0 days
3333 NE 34th St Unit 420 1 1 800 $109,500 $136 2 days
1925 SE 25th Ave 4 3 2,253 $1,150,000 $510 3 days
401 SW 4th Ave Unit 506 3 2 1,546 $519,000 $335 2 days
3000 Holiday Dr Unit 504 1 2 1,060 $349,900 $330 3 days
209 N Fort Lauderdale Beach Blvd Unit 10C 2 2 1,310 $399,000 $304 5 days
2808 NE 21st Ct 3 2 1,664 $605,000 $363 1 day
3850 SW 11th St 3 2 1,517 $299,000 $197 6 days
1404 NW 5th Ave 3 2 1,473 $314,900 $213 2 days
Average: 2.4 2.2 1,594 $668,269 $312 90 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
1180 N Federal Hwy Unit #302 3 4 4,073 $2,200,000 $1,925,000 $472 230 days 1/22/20
1607 Nw 7th Ave 3 2 N/A $329,900 $329,900 Unknown 17 days 1/21/20
513 Sw 11th St 2 1 660 $315,000 $270,000 $409 35 days 1/21/20
3315 Ne 37th St 4 3 2,674 $1,100,000 $1,025,000 $383 23 days 1/17/20
1861 Sw 42nd Ter 3 2 1,892 $300,000 $298,000 $157 8 days 1/17/20
2100 S Ocean Dr Unit #17F 2 2 N/A $450,000 $420,000 Unknown 3 days 1/17/20
4280 Galt Ocean Dr Unit #15B 2 2 1,650 $499,000 $470,000 $284 26 days 1/17/20
2511 Nw 28th Ter 4 2 1,320 $250,000 $252,000 $190 19 days 1/17/20
1669 Lauderdale Manor Dr 3 1 752 $169,900 $140,000 $186 44 days 1/17/20
333 Las Olas Way Unit #2906 2 3 1,869 $825,000 $810,000 $433 16 days 1/17/20
Average: 2.6 2.3 1,715 $597,911 $549,994 $283 93 days
Viewing 1 - 10 of 1658
Viewing 1 - 10 of 1658