Fort Lauderdale Beach Real Estate

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

Posts Tagged ‘Market Update’

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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NAR’s sustainable property designation

Posted by fortlauderdalebeachrealestate on March 30, 2010

I’ve just received my Green designation from NAR, the National Association of REALTORS.  This is a newer designation and advocates the goal of education and adoption of green real estate principles.  As buyers and sellers continue to address issues of energy efficiency and smart building practices, the market will continue to evolve and green properties will become increasingly prevalent.  I can now provide knowledge in this evolving market.

This is my 7th professional designation/certification and shows the dedication I have to my career and continuing education.

  • CRS-Council of Residential Specialists, most prestigious designation held by only 4% of REALTORS
  • ePRO-Technological designation
  • GRI-Graduate Realtor Institute
  • RECS-Real estate cyber society
  • SFR-Short sale foreclosure resource
  • SRES-Seniors real estate specialist

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“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

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

“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

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

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.

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

Questions about extended home buyer’s tax credit? I have the answers.

Posted by fortlauderdalebeachrealestate on January 12, 2010

Here is a link to a great website that has all the information buyers need to know about the extended and expanded home buyer’s tax credit.  Housing Market Facts

Real estate questions?  Call me.

Jon

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

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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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

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

Views, Views and more views…

Posted by fortlauderdalebeachrealestate on November 19, 2009

What a wonderful unit!  This is one bedroom one bath corner Southeast unit on the top floor of River Shores in the Bristol Building.  Less than two miles to the white sandy beaches of Fort Lauderdale.  Sun drenched interior with wonderful views of the Middle River, Wilton Manors,  oceanfront highrises on the beach and downtown.  Equally stunning during the day and at night.  Gated complex features dockage, gym, saunas, clubhouse and fantastic waterfront pool.  Only minutes to the entertainment, shopping and dining available on Wilton Drive.  Low maintenance of only $247/month includes water, sewer, trash, and insurance, and cable.  Your only expenses are electricity, phone and cable.  Great as a getaway, and just as great as a place to call home!  This unit is not currently available to the public, but only to my clients.  Call me for details and let’s make this place your home!

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Fantastic New Tool Available

Posted by fortlauderdalebeachrealestate on November 17, 2009

I am so excited about this new tool I have available…

I’ve just begun to use “Announcemymove.com” and I want to share it with everyone that I know!  It’s a fantastic tool that will allow me to create custom web pages for not only my clients, but my friends to share with their network and friends.  You have the ability to customize the page, add photos and embed a video.  You can then send it to your friends and share it with your network on Facebook if you a user.   Click here to see!

Posted in Buying Real Estate, Fort Lauderdale Real Estate, Just for Fun, Real Estate News, Selling Real Estate, South Florida Real Estate News | Tagged: , , , , , , | Leave a Comment »