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
815 NE 17th Ave Unit 4 2 3 1,470 $554,000 $376 6 days
611 NE 14th Ave Unit 104 1 1 620 $210,000 $338 0 days
1717 SW 13th Ave 3 4 2,074 $799,900 $385 3 days
1409 Ne 1st Ave N/A N/A 1,525 $430,000 $281 0 days
1933 Sunrise Key Blvd 4 5 4,647 $1,995,000 $429 0 days
No address 1 1 589 $220,000 $373 0 days
1508 NE 18th St 2 1 1,030 $344,900 $334 8 days
6499 Bay Club Drive Unit 3 2 2 1,200 $229,900 $191 15 days
No address 5 4 3,353 $1,099,000 $327 1 day
3333 NE 34th St Unit 510 2 2 1,120 $210,000 $187 0 days
Average: 2.6 2.8 2,111 $1,297,998 $472 178 days
Viewing 1 - 10 of 2541
Viewing 1 - 10 of 2541
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1631 Poinsettia Dr 3 2 2,127 $1,200,000 $564 0 days
2300 NE 33rd Ave Unit 602 2 3 1,369 $429,000 $313 1 day
100 S Birch Rd Unit 1103 2 2 1,722 $699,000 $405 4 days
602 SW 8th St 3 3 2,540 $475,000 $187 4 days
5294 NE 18th Ave 3 2 1,492 $439,000 $294 4 days
4920 SW 34th Ter 3 2 1,648 $430,000 $260 6 days
3200 Port Royale Dr N Unit #2102 2 2 1,365 $399,900 $292 0 days
506 NE 7th Ave Unit 2 2 4 1,614 $469,000 $290 8 days
1720 Nw 8th Pl 3 2 N/A $299,900 Unknown 1 day
2217 Sw 1st Ct 3 2 1,350 $350,000 $259 5 days
Average: 2.7 2.4 1,750 $674,734 $312 82 days
Viewing 1 - 10 of 365
Viewing 1 - 10 of 365
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
904 Se 12th Ct N/A N/A N/A $899,000 $850,000 Unknown 101 days 11/30/20
512 Isle Of Capri Dr 3 2 2,090 $1,775,000 $1,649,000 $788 168 days 11/30/20
2824 Ne 25th St 3 3 2,986 $1,749,000 $1,685,000 $564 106 days 11/30/20
3550 Galt Ocean Dr Unit #911 3 3 2,000 $887,000 $860,000 $430 184 days 11/30/20
620 Bayshore Drive Unit 802 3 3 3,323 $1,500,000 $1,029,600 $309 0 days 11/27/20
620 Bayshore Drive Unit 702 3 3 2,104 $1,400,000 $1,075,000 $510 0 days 11/27/20
2664 Ne 26th Ave 5 4 3,240 $1,399,999 $1,300,000 $401 12 days 11/27/20
201 Ne 16th Ave 4 4 N/A $999,000 $965,000 Unknown 51 days 11/26/20
620 Bayshore Drive Unit 602 3 3 2,104 $1,400,000 $1,175,000 $558 0 days 11/25/20
620 Bayshore Drive Unit 501 2 2 1,664 $1,200,000 $925,000 $555 0 days 11/25/20
Average: 2.7 2.4 1,794 $697,676 $646,000 $312 100 days
Viewing 1 - 10 of 2089
Viewing 1 - 10 of 2089