Fort Lauderdale Beach Real Estate

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

March 2010 Sales Statistics & “Your Home”

Posted by fortlauderdalebeachrealestate on April 7, 2010

In this month’s edition of  “Your Home” I have financial tips, kitchen & bath design trends and pet friendly remodeling ideas.  Our market in South Florida has continued to gain momentum and offers incredible opportunities to those folks looking to purchase real esate.    I just received the numbers for Broward County for March-FABULOUS!

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New Listings

Single Family-1,495, 4% higher than 09′
Condo/Townhome-1,994, 10% higher than 09′
Total all property types-5,364, 4% higher than 09′

Total Available Inventory

Single Family-5,857, 36% lower than 09′
Condo/Townhouse-8,831, 32% lower than 09′

Single Family Sold

567 closed sales, up 10% from 09′
Median sales price, $205,000, down 7% from 09′

Condo/Townhome Sold

926 closed sales, 59% higher from 09′
Median sales price, $75,000, 14% down from 09′

Pending Inventory or homes under contract

Single family homes are up 25% over 2009
Condos are up 63% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 10 month supply of single family homes on the market(down 36% from the previous year) and a 10 month supply of condos on the market(down 58% from the previous year).

Jon

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