FORT LAUDERDALE APRIL HOME and CONDO SALES STATISTICS

Housing Market 1 Comment

The Realtor Association of Greater Fort Lauderdale reported statistics for the month of April which reflect overall improvements in our local Fort Lauderdale Real Estate Market: Statistic Report for Fort Lauderdale Area Homes Sales, click here. This is concurrent with the Kedersha Group and its Fort Lauderdale Agent data reported. Fort Lauderdale condo new listings have increased by 6%, however condo sales have increased by approximately 38% year-over-year. Equally good news is the average condo selling price has increased from $120,043 in 2009, to $131,792 in 2010, which is an increase of 10%. Total sold dollar volume for 2010 was $135,745,760 as compared to 2009 $89,311, or a 52% increase. Single-family closed home sales in Fort Lauderdale have also shown a small increase, from 638 homes sold in 2009 to 646 homes sold in 2010. The average sale price of a single family home in 2009 was $285,886, in 2010 the average sale price was $260,949 or a 9% reduction year over year. Fort Lauderdale area single-family available home inventory has decreased by 31% and condos have also decreased by 31%. Overall Fort Lauderdale real estate is stabilizing and in fact even improving all good signs for our local economy. As we all know real estate markets are heavily dependent on geographic area, type of home, condition, price etc.: credible statistics will reflect specific criteria for the home you plan to buy or sell. Luxury homes will likely have a different sales history when compared to condos or foreclosure properties. Waterfront homes and condos and size of docks must also be considered.  Visit our Fort Lauderdale Real Estate Blog to keep current on the Fort Lauderdale Real Estate Markets, Click Here. To request a free home valuation report Please click here

1 question about “FORT LAUDERDALE APRIL HOME and CONDO SALES STATISTICS”

Have a question not answered here? Ask us!

Your email address will not be published. Required fields are marked *