Fort Lauderdale Beach Real Estate

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

Posts Tagged ‘Broward County Sales Statistics’

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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Interesting statistics on our market in South Florida…

Posted by fortlauderdalebeachrealestate on March 5, 2010

In past 6 months 52% of the closed residential sales reported through MLS were REO’s or short sales.

Currently about 38% of active inventory is in one of those categories with the number of short sales rising dramatically. 

At the beginning of last year we had 28,500 listings active on the market in our MLS systems and that represented 22.4 months of inventory

At the beginning of 2010 that number shrunk to 17,856 which is a 37% decrease.  Months of inventory has correspondingly been reduced to 11.7 months, about half of where it was last year.

Single Family Homes priced between $1 – 2.5 million have 35.9 months of inventory as of January 2010

Single Family Homes priced between $2.5 – 5 million have 130.7 months of inventory as of January 2010

Avgerage sales price in January of 2009 was $186,000

Average sales price this January is $162,000 (13% less)

Jon

 

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, Short Sales | Tagged: , , | 1 Comment »

“Your Home” & February 2010 Sales Statistics

Posted by fortlauderdalebeachrealestate on March 2, 2010

 

Wow, it is March already-how did that happen?  In this month’s edition of  “Your Home” I have a paint color trends, tax tips, and the latest apps available for your iPhone.  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 February-FABULOUS!

___________________________________________________________________________________

New Listings

Single Family-1,693, 1% lower than 09′
Condo/Townhome-2,235, 5% higher than 09′
Total all property types-5,978, 1% lower than 09′

Total Available Inventory

Single Family-5,992, 38% lower than 09′
Condo/Townhouse-8,973, 32% lower than 09′

Single Family Sold

536 closed sales, up 35% from 09′
Median sales price, $185,551, down 13% from 09′

Condo/Townhome Sold

797 closed sales, 64% higher from 09′
Median sales price, $71,000, 16% down from 09′

Pending Inventory or homes under contract

Single family homes are up 31% over 2009
Condos are up 60% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 11 month supply of single family homes on the market(down 54% from the previous year) and a 11 month supply of condos on the market(down 32% from the previous year).

Jon

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“Your Home” & January 2010 Statistics

Posted by fortlauderdalebeachrealestate on February 2, 2010

 

Wow, it is February already-how did that happen?  In this month’s edition of  “Your Home”  I have a updates on the homebuyer tax credit, home buying trends and it is “census” time.  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 January-FABULOUS!

___________________________________________________________________________________

New Listings

Single Family-1,319, 11% lower than 09′
Condo/Townhome-1,837, 7% lower than 09′
Total all property types-4,903, 12% lower than 09′

Total Available Inventory

Single Family-5,965, 40% lower than 09′
Condo/Townhouse-8,985, 34% lower than 09′

Single Family Sold

535 closed sales, up 42% from 09′
Median sales price, $205,000, same as last year

Condo/Townhome Sold

761 closed sales, 82% higher from 09′
Median sales price, $75,000, 11% down from 09′

Pending Inventory or homes under contract

Single family homes are up 27% over 2009
Condos are up 73% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 11 month supply of single family homes on the market(down 58% from the previous year) and a 12 month supply of condos on the market(down 63% from the previous year).

Jon

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RAGFL REALTORS #1 IN SALES

Posted by fortlauderdalebeachrealestate on January 19, 2010

I came across this and thought it was an interesting statistic.  My association-RAGFL, Realtor Association of Greater Fort Lauderdale sold over $1.98 billion in real estate in the first half of 2009.  In fact, members sold over 66% of all single family homes and over 71% of all condominums in Broward County with the highest average price by more than $20K.  That’s over 9,000 transactions-better than two sales every hour, every day, 24/7.

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December Year-End Sales Statistics 2009

Posted by fortlauderdalebeachrealestate on January 2, 2010

I just received the sales statistics for Broward County for the month of December and there is FANTASTIC news in the numbers(AGAIN)!  These number have been improving for over a year now.  There are fantastic buys to be had in every price range and my clients are getting incredible deals, unlike I’ve seen in years.  Market activity has picked up tremendously and I’m the busiest I’ve been in 4 years.  Call or email me for exemplary service in South Florida.

 

 

New Listings

Single Family-1,182, 13% lower than 08′
Condo/Townhome-1,585, 10% lower than 08′
Total all property types-4,440, 14% lower than 08′

Total Available Inventory

Single Family-6,024, 43% lower than 08′
Condo/Townhouse-9,327, 34% lower than 08′

Single Family Sold

632 closed sales, up 16% from 08′
Median sales price, $200,750, down 15% from last year

Condo/Townhome Sold

752 closed sales, 73% higher from 08′
Median sales price, $85,000, 11% down from 08′

Pending Inventory or homes under contract

Single family homes are up 27% over 2008
Condos are up 62% over 2008

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 51% from the previous year) and a 12 month supply of condos on the market(down 62% from the previous year).

Jon

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November 2009 Sales Statistics

Posted by fortlauderdalebeachrealestate on December 3, 2009

I just received the sales statistics for Broward County for the month of November and there is FANTASTIC news in the numbers(AGAIN)!  These number have been improving for over a year now.  There are fantastic buys to be had in every price range and my clients are getting incredible deals, unlike I’ve seen in years.  Market activity has picked up tremendously and I’m the busiest I’ve been in 4 years.  Call or email me for exemplary service in South Florida.

 

 

 

New Listings

Single Family-1,568, 13% lower than 08′
Condo/Townhome-2,026, 6% lower than 08′
Total all property types-5,878, 9% lower than 08′

Total Available Inventory

Single Family-6,066, 45% lower than 08′
Condo/Townhouse-9,558, 34% lower than 08′

Single Family Sold

785 closed sales, up 38% from 08′
Median sales price, $195,000, down 20% from last year

Condo/Townhome Sold

964 closed sales, 85% higher from 08′
Median sales price, $85,000, 23% down from 08′

Pending Inventory or homes under contract

Single family homes are up 40% over 2008
Condos are up 88% over 2008

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 60% from the previous year) and a 10 month supply of condos on the market(down 64% from the previous year).

Jon

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, Short Sales, South Florida Real Estate News | Tagged: , , | 1 Comment »

Great news from the U.S. Treasury on short sales…

Posted by fortlauderdalebeachrealestate on December 3, 2009

Great news posted on Yahoo News last night regarding short sales and what the U.S. Treasury is doing to expedite the process.

NEW YORK (Reuters) – The U.S. Treasury on Monday set long-awaited guidance on a plan for mortgage companies to speed “short sales” of homes and other loan modification alternatives to stem a rising tide of foreclosures.

Jon

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Your Home~December 2009

Posted by fortlauderdalebeachrealestate on December 1, 2009

Wow, it is December 1st already-how did that happen?  In this months edition of “Your Home”,  I have holiday home selling tips and tips on how to avoid online shopping scams.  Our market in South Florida has continued to gain momentum and offers incredible opportunities to those folks looking to purchase real esate.  While the holidays are not the ideal time to sell, buyers looking at this time of year tend to be more serious, and there are fewer homes on the market.  Currently we have 41% less inventory on the market than this time last year and the number of closed sales for homes and condos is up 51% over the same time last year.  These statistics spell out the perfect climate for a buyers market, one unlike I’ve seen in years.  If you or someone you know is considering buying or selling real estate, call or email me for exemplary service in South Florida.  Make it a great month everyone!

Jon

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Existing-Home Sales Record Another Big Gain, Inventories Continue to Shrink

Posted by fortlauderdalebeachrealestate on November 25, 2009

Yes, more positive news to share about the real estate market recovery!  Wishing everything a wonderful holiday tomorrow-I hope you get to enjoy it with your family, friends and loved ones.

Jon

Posted in Buying Real Estate, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, South Florida Real Estate News | Tagged: , , | Leave a Comment »