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
2401 Sw 45th Ave 3 2 1,250 $277,900 $222 39 days
6180 NW 34th Way Unit 6180 2 2 1,136 $225,000 $198 0 days
2430 Se 17th St Unit #B 2 2 1,170 $213,900 $182 1 day
1780 Ne 21st St 3 2 1,532 $499,000 $325 1 day
2199 Se 10th Ave Unit #1020 2 2 N/A $246,000 Unknown 1 day
2625 Gulfstream Ln 4 4 2,229 $750,000 $336 1 day
3209 NE 36th St Unit 4 2 2 1,200 $374,000 $311 0 days
701 N. Fort Lauderdale Beach Blvd Unit #112 1 2 N/A $995,000 Unknown 1 day
1753 NE 9th St 3 4 2,250 $789,000 $350 0 days
4020 Galt Ocean Dr Unit #1105 2 2 1,514 $355,000 $234 1 day
Average: 2.8 2.9 2,206 $1,237,986 $447 158 days
Viewing 1 - 10 of 2826
Viewing 1 - 10 of 2826
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1421 SW 8th Ct 2 1 718 $339,000 $472 0 days
1108 Tangelo Isle 3 1 1,380 $549,000 $397 6 days
3233 NE 34th St Unit 807 2 2 1,103 $174,900 $158 0 days
610 W Las Olas Blvd Unit 614 2 2 N/A $319,900 Unknown 7 days
4280 Galt Ocean Dr Unit 18L 2 2 1,650 $595,000 $360 5 days
1420 NE 16th Ter N/A N/A 2,314 $479,000 $207 4 days
6111 NW 31st Way Unit 6111 2 2 1,136 $244,900 $215 6 days
2609 NE 8th St 3 3 2,275 $999,900 $439 0 days
No address 3 2 1,542 $162,900 $105 2 days
1475 SW 22nd Ave 3 2 1,511 $295,000 $195 5 days
Average: 2.5 2.3 1,607 $595,724 $316 95 days
Viewing 1 - 10 of 191
Viewing 1 - 10 of 191
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
611 Ne 14th Ave Unit #103 1 1 620 $149,900 $147,000 $237 2 days 2/27/20
5754 Ne 15th Ave 4 2 2,134 $565,000 $555,100 $260 8 days 2/27/20
1800 Se 24 Ave (Admirals Way) 3 4 2,302 $1,080,000 $1,000,000 $434 191 days 2/26/20
1500 Se 12th St Unit #1B 3 4 2,288 $875,000 $830,000 $362 252 days 2/26/20
401 N Birch Rd Unit #501 1 1 934 $625,000 $600,000 $642 56 days 2/24/20
2670 E Sunrise Blvd Unit #1232 1 1 643 $185,000 $169,000 $262 301 days 2/24/20
1831 SE 9th St 7 11 13,011 $29,000,000 $20,500,000 $1,575 508 days 2/24/20
661 E Melrose Cir 3 2 1,500 $258,900 $265,000 $176 4 days 2/21/20
3344 Sw 19th St 4 3 1,494 $299,000 $299,000 $200 60 days 2/21/20
5149 Nw 30th Ter Unit #5149 3 3 1,574 $210,000 $220,000 $139 44 days 2/21/20
Average: 2.6 2.3 1,758 $679,080 $618,736 $293 93 days
Viewing 1 - 10 of 1590
Viewing 1 - 10 of 1590