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Home REAL ESTATE MARKET UPDATE FOR FORT LAUDERD...

REAL ESTATE MARKET UPDATE FOR FORT LAUDERDALE, FL

Below please find a real estate market chart update for all single family homes and condo in Fort Lauderdale. As you will note, inventory has dropped 30.9% in the last 15 months. Sales of all Fort Lauderdale condos and homes have increased by 28.3% in the last 15 months. Currently, we have a 14.1 months supply of properties on the market in Fort Lauderdale. The $8,000 tax credit for all first-time home buyers that qualify will expire November 30, 2009; however, we believe it will be extended at the last minute! FHA loans make up over 40% of the market--and the 203K FHA Renovation loan is a great program for those buyers that purchase fixer-uppers.

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Facts and TrendsTM
Published Sep. 2009
Location : Ft Lauderdale Beach , Ft Lauderdale North East , Ft Lauderdale North West , Ft Lauderdale South East , Ft Lauderdale South West

Number of Homes For Sale vs. Sold vs. Pended (Jun. 2008 - Aug. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties Prepared for you by: Amanda Wilson, PA


1 month 1 year 15 months
July 09 Aug 09 % Change Aug 08 Aug 09 % Change June 08 Aug 09 % Change
For Sale 4762 4583 -3.8% 6275 4583 -27% 6637 4583 -30.9%
Sold 361 326 -9.7% 255 326 27.8% 254 326 28.3%
Pended 496 521 5% 276 521 88.8% 275 521 89.5%

Date 6/08 7/08 8/08 9/08 10/08 11/08 12/08 1/09 2/09 3/09 4/09 5/09 6/09 7/09 8/09
For Sale 6637 6531 6275 6326 6311 6256 6150 5955 5982 5794 5506 5217 5007 4762 4583
New Listing 897 900 778 887 911 728 720 898 848 878 766 672 771 747 684
Sold 254 248 255 207 232 203 265 192 238 274 301 343 352 361 326
Pended 275 277 276 250 271 213 252 272 340 420 453 446 464 496 521
Mon of Inv. on Sold 26.1 26.3 24.6 30.6 27.2 30.8 23.2 31.0 25.1 21.1 18.3 15.2 14.2 13.2 14.1
Mon of Inv. on Pended 24.1 23.6 22.7 25.3 23.3 29.4 24.4 21.9 17.6 13.8 12.2 11.7 10.8 9.6 8.8
Absorption Rt. on Sold 3.8 3.8 4.1 3.3 3.7 3.2 4.3 3.2 4.0 4.7 5.5 6.6 7.0 7.6 7.1
Absorption Rt. on Pended 4.1 4.2 4.4 4.0 4.3 3.4 4.1 4.6 5.7 7.2 8.2 8.5 9.3 10.4 11.4
Avg. Act Price 605 611 598 594 601 606 610 618 609 610 619 611 622 622 620
Avg. Sld Price 428 380 388 387 332 285 319 236 283 319 236 308 274 270 253
Avg. Sq. Ft. Price 273.4 247.06 238.66 248.64 213.28 194.94 195.43 180.3 177.48 221.37 167.69 192.01 189.18 199.02 176.57
Sold/List Diff. % 88 90 87 90 88 89 84 89 86 89 87 88 89 89 87
Days On Market 135 110 133 133 113 117 124 116 125 112 109 125 127 124 114
Median Price 276 250 225 215 205 215 177 154 170 168 150 170 164 157 167

This representation is based in whole or in part on data supplied by the Realtor Association of Miami-Dade County or its Multiple Listing Service, Realtor Association of Greater Miami and the Beaches, Realtor Association of Greater Fort Lauderdale and Northwestern Dade Association of Realtors. Neither the Board nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of the Esslinger - Wooten - Maxwell Realtors. Report reflects activity by all brokers participated in the MLS.
Facts and TrendsTM
Published Sep. 2009
Location : Ft Lauderdale Beach , Ft Lauderdale North East , Ft Lauderdale North West , Ft Lauderdale South East , Ft Lauderdale South West

Months of Inventory based on Closed Sales (Jun. 2008 - Aug. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties Prepared for you by: Amanda Wilson, PA


1 month 1 year 15 months
July 09 Aug 09 % Change Aug 08 Aug 09 % Change June 08 Aug 09 % Change
Months of Inventory (Closed Sales) 13.2 14.1 6.8% 24.6 14.1 -42.7% 26.1 14.1 -46%

Date 6/08 7/08 8/08 9/08 10/08 11/08 12/08 1/09 2/09 3/09 4/09 5/09 6/09 7/09 8/09
For Sale 6637 6531 6275 6326 6311 6256 6150 5955 5982 5794 5506 5217 5007 4762 4583
New Listing 897 900 778 887 911 728 720 898 848 878 766 672 771 747 684
Sold 254 248 255 207 232 203 265 192 238 274 301 343 352 361 326
Pended 275 277 276 250 271 213 252 272 340 420 453 446 464 496 521
Mon of Inv. on Sold 26.1 26.3 24.6 30.6 27.2 30.8 23.2 31.0 25.1 21.1 18.3 15.2 14.2 13.2 14.1
Mon of Inv. on Pended 24.1 23.6 22.7 25.3 23.3 29.4 24.4 21.9 17.6 13.8 12.2 11.7 10.8 9.6 8.8
Absorption Rt. on Sold 3.8 3.8 4.1 3.3 3.7 3.2 4.3 3.2 4.0 4.7 5.5 6.6 7.0 7.6 7.1
Absorption Rt. on Pended 4.1 4.2 4.4 4.0 4.3 3.4 4.1 4.6 5.7 7.2 8.2 8.5 9.3 10.4 11.4
Avg. Act Price 605 611 598 594 601 606 610 618 609 610 619 611 622 622 620
Avg. Sld Price 428 380 388 387 332 285 319 236 283 319 236 308 274 270 253
Avg. Sq. Ft. Price 273.4 247.06 238.66 248.64 213.28 194.94 195.43 180.3 177.48 221.37 167.69 192.01 189.18 199.02 176.57
Sold/List Diff. % 88 90 87 90 88 89 84 89 86 89 87 88 89 89 87
Days On Market 135 110 133 133 113 117 124 116 125 112 109 125 127 124 114
Median Price 276 250 225 215 205 215 177 154 170 168 150 170 164 157 167

This representation is based in whole or in part on data supplied by the Realtor Association of Miami-Dade County or its Multiple Listing Service, Realtor Association of Greater Miami and the Beaches, Realtor Association of Greater Fort Lauderdale and Northwestern Dade Association of Realtors. Neither the Board nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of the Esslinger - Wooten - Maxwell Realtors. Report reflects activity by all brokers participated in the MLS.

Posted Wednesday Sep 23