We published our inaugural report on the Fort Lauderdale, Florida sales market for 3Q 2012. This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.
-Over the last year price indicators in Fort Lauderdale are up across the board.
-Buyers and sellers have moved more closely together on price than they have in the past six years.
-Marketing times for the overall market are at their fastest pace in six years.
Here’s an excerpt from the report:
Median sales price increased 16.3% to $200,000 from prior year levels. Average sales price and average price per square foot increased 19.6% and 25.4% respectively over the same period. Sales fell 12.2% to 466 from 531 sales in the same quarter last year. Listing inventory held firm over the past two quarters at just above the 1,000 threshold…
SINGLE FAMILY The average size of a single family sale was 1,870 square feet, 8.7% larger than the same period last year. This compounded the gains in all price indicators. Median sales price jumped 58.4% to $221,750 from prior year levels…
We’ll be adding data soon so NOW UPDATED FOR 3Q12 you can build your own custom data tables on the market. We’ll be adding a chart library for this market area soon!