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
1464 SW 28th Way 4 2 1,506 $450,000 $298 0 days
2141 NE 68 St Unit 202 2 2 1,200 $284,900 $237 1 day
719 NE 16th Ave Unit 719A 2 1 936 $339,900 $363 1 day
701 N Fort Lauderdale Blvd Unit #1603 2 3 1,751 $2,925,000 $1,670 1 day
888 Intracoastal Dr Unit #4E 1 2 955 $419,900 $439 1 day
2670 E Sunrise Blvd Unit 1432 1 1 643 $313,000 $486 1 day
422 NE 7th Ave 3 4 2,788 $1,125,000 $403 1 day
511 SE 5th Ave Unit 1622 2 2 1,246 $709,000 $569 1 day
3014 NE 21st Ter Unit 3014 2 3 1,257 $395,000 $314 1 day
1770 E Las Olas Blvd Unit 205 2 2 1,030 $419,900 $407 1 day
Average: 2.9 2.9 2,167 $1,952,141 $710 118 days
Viewing 1 - 10 of 1672
Viewing 1 - 10 of 1672
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2505 NE 13th Ct 3 2 2,306 $1,850,000 $802 5 days
6731 NW 29th Ave 3 2 1,815 $599,900 $330 2 days
511 Bayshore Dr Unit 1010 2 2 1,330 $775,000 $582 3 days
2100 S Ocean Ln Unit #1901 1 2 1,297 $549,000 $423 22 days
4250 Galt Ocean Dr Unit #10K 1 1 850 $369,000 $434 13 days
1801 Nw 15th St 4 2 1,209 $389,900 $322 3 days
551 N Fort Lauderdale Beach Blvd Unit #H1111 1 1 577 $552,900 $958 1 day
551 N Fort Lauderdale Beach Blvd Unit #H706 1 1 577 $505,900 $876 0 days
2270 Ne 68th St Unit #1924 2 2 1,008 $245,000 $243 8 days
2509 NE 26 Terrace 3 3 N/A $1,675,000 Unknown 12 days
Average: 2.8 2.6 1,826 $1,001,938 $486 87 days
Viewing 1 - 10 of 109
Viewing 1 - 10 of 109
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
408-412 Sw 7th Ave N/A N/A N/A $2,700,000 $2,300,000 Unknown 389 days 12/6/22
2800 Nw 12th Ct 3 2 1,074 $349,900 $249,900 $232 49 days 12/5/22
1905 N Ocean Blvd Unit #4D 2 2 1,500 $650,000 $545,000 $363 64 days 12/2/22
5807 Ne 21st Ave 4 2 1,994 $735,000 $640,000 $320 78 days 12/2/22
No address 2 2 1,426 $525,000 $520,000 $364 135 days 12/2/22
2642 Flamingo Ln 3 2 1,450 $899,000 $890,000 $613 147 days 12/2/22
2841 N Ocean Blvd Unit #808 2 2 1,100 $520,000 $503,500 $457 164 days 12/2/22
333 Sunset Dr Unit 1103 2 2 1,867 $763,000 $763,000 $408 0 days 12/1/22
4111 Sw 18th Ct 3 2 1,395 $439,000 $410,000 $293 37 days 12/1/22
1535 E Lake Dr 6 8 7,078 $12,490,000 $10,500,000 $1,483 206 days 12/1/22
Average: 2.5 2.3 1,588 $847,935 $802,466 $452 50 days
Viewing 1 - 10 of 1606
Viewing 1 - 10 of 1606