While analysts are reporting another year before the end of the housing market decline nationwide, much sought after areas like Fort Lauderdale are continuing to see improvement. Fort Lauderdale real estate includes neighborhoods like Bay Colony, Coral Ridge, Las Olas Isles, Harbor Beach, Poinsettia Heights, Lake Ridge, Rio Vista and Victoria Park.
Following is a market snapshot for the Fort Lauderdale real estate market, comparing January 2011 with January 2012:
- The price of Fort Lauderdale homes sold rose almost 9% ($237,000 vs. $260,000).
- The number of Fort Lauderdale homes listed for sale decreased 32% (3,586 vs. 2,449).
- The number of Fort Lauderdale homes sold decreased 20% (359 vs. 287), which is consistent with the reduced number of homes listed for sale.
- The average amount of days a home was listed for sale in Fort Lauderdale is down 17% (115 days vs. 96 days).
For those who like to see charts, here they are!
Average Price of For Sale and Sold Homes in Fort Lauderdale (Nov. 2010 – Jan. 2012)
Number of Fort Lauderdale Homes For Sale vs. Sold vs Pended (Nov. 2010 – Jan. 2012)
Average Days a Fort Lauderdale Home Listed For Sale (Nov. 2010 – Jan. 2012)
