Fort Lauderdale Beach Real Estate

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

Archive for May, 2010

Positive News in April’s numbers…

Posted by fortlauderdalebeachrealestate on May 11, 2010

The 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 April-FABULOUS!

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New Listings

Single Family-1,663, 6% higher than 09′
Condo/Townhome-2,000, 6% higher than 09′
Total all property types-5,764, 1% higher than 09′

Total Available Inventory

Single Family-5,763, 31% lower than 09′
Condo/Townhouse-8,478, 31% lower than 09′

Single Family Sold

646 closed sales, up 1% from 09′
Median sales price, $200,000, down 5% from 09′

Condo/Townhome Sold

1,030 closed sales, 36% higher from 09′
Median sales price, $73,000, 6% down from 09′

Pending Inventory or homes under contract

Single family homes are up 2% over 2009
Condos are up 37% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 9 month supply of single family homes on the market(down 31% from the previous year) and a 8 month supply of condos on the market(down 50% from the previous year).

Jon

Posted in Buying Real Estate, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, South Florida Real Estate News, Uncategorized | 1 Comment »