Fort Lauderdale Beach Real Estate

Jon C. Mumford, REALTOR-ASSOCIATE, CRS, ePRO, GRI, GREEN, RECS, SFR, SRES

Archive for January, 2009

New Year, New Opportunities

Posted by fortlauderdalebeachrealestate on January 12, 2009

For most of us, the New Year is a time to reevaluate priorities, set goals, and think about what we’d like to accomplish in the year ahead. We make to-do lists and post them on our fridge, or now-a-days, on our blogs. It’s not surprising then, that many homeowners start making their plans to buy or sell soon after the New Year. There is something inherently optimistic about starting anew, creating a fresh page, with the old year behind us, and the new waiting to be written.

Although some homes still sell virtually overnight, others may be on market longer which means I get to know my clients on a more personal level. We have the time to interact. We become a partner on this great quest. Helping a client buy their first home, move up or size down, working with builders to purchase new construction, and achieving top dollar or a great deal along the way is a very rewarding feeling. It’s why I do what I do. 

I hope you had a wonderful holiday and the coming year is filled with health and happiness.

Sincerely,

Jon

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2008 Year End Numbers

Posted by fortlauderdalebeachrealestate on January 12, 2009

New Listings

  • Single Family-1,357, 28% lower than 07′
  • Condo/Townhome-1,755, 25% lower than 07′
  • Total all property types-5,148, 23% lower than 07′

Total Available Inventory

  • Single Family-10,566, 13% lower than 07′
  • Condo/Townhouse-14,135, 14% lower than 07′
  • Total all Property Types-34,395, 10% lower than 07′

Single Family Sold

  • 545 closed sales, 39% up from 07′
  • Median sales price, $235,000, down 28% from last year

Condo/Townhome Sold

  • 434 closed sales, 8% lower from 07′
  • Median sales price, $95,000, 44% down from 07′

Pending Inventory or homes under contract

  • Single family homes are up 156% over 2007
  • Condos are up 124% over 2007

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 19 month supply of single family homes on the market(down 13% from the previous year) and a 33 month supply of condos on the market(down 6% from the previous year)

Jon

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