Fort Lauderdale Beach Real Estate

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

Archive for June, 2010

Posted by fortlauderdalebeachrealestate on June 5, 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 May-GREAT NEWS!  Reduced inventory continues and increase in condo sales and slight dip in single family homes and in increase in median sales prices.

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New Listings

Single Family-1,784, 7% higher than 09′
Condo/Townhome-2,062, 1% higher than 09′
Total all property types-6,076, 3% lower than 09′

Total Available Inventory

Single Family-5,704, 27% lower than 09′
Condo/Townhouse-8,323, 29% lower than 09′

Single Family Sold

746 closed sales, down 4% from 09′
Median sales price, $220,000, up 22% from 09′

Condo/Townhome Sold

967 closed sales, 12% higher from 09′
Median sales price, $80,000, same as 09′

Pending Inventory or homes under contract

Single family homes are down 6% over 2009
Condos are up 11% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 8 month supply of single family homes on the market(down 20% from the previous year) and a 9 month supply of condos on the market(down 36% from the previous year).

Jon

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