View of one of the Fort Lauderdale Homes sold this year

Fort Lauderdale Homes – Aug / Sept Sales Update

Fort Lauderdale Home Sales
Median Prices Up 12%

 Prices for Fort Lauderdale Homes have been on the rise and if we track monthly median prices – prices are up over 12% this year alone.

The median sales price for Fort Lauderdale homes for July was $285,000 – this being based on a 3 bedroom 2 bathroom home.

This is encouraging news and a very positive Fort Lauderdale real estate trend.

Fort Lauderdale Homes
Median Sales Prices – Monthly

 The market analysis report for Fort Lauderdale Homes sale month by month  – from January to July is presented below.

Median #Beds #FBaths SF/FF Sale Price SP$/SqFt SP$/LP$ Days on Market
July 3 2 1,858 $285,000 $146 96.7 36
June 3 2 1,864 $279,500 $143 96.58 37
May 3 2 1,815 $270,000 $142 96.84 35
April 3 2 1,818 $265,000 $138 96.74 37
March 3 2 1,766 $264,000 $142 96.31 38
February 3 2 1,747 $250,000 $139 96.48 41
January 3 2 1,811 $253,450 $137 96.36 38

 

We can see from this report how prices have risen.

In January 2014 – the median price was $253,450 – this was for a 3 bedroom 2 bathroom home – a home of 1811 square feet.

By April of 2014 the median price had climbed to $265,000 – and increase of over$11,000 or 4.5% – this was also for a 3 bedroom 2 bathroom home – a home of 1818 square feet

By July (last month) the median price had climbed further to $285,000 – this was also based on a 3 bedroom 2 bathroom home – a home of 1858 square feet.

The increase from a median of $253,405 here in january to $285,000 now in July represents and increase of $31,595 or 12.5% in just 7 months.

Kevin Wirth - Fort Lauderdale Realtor

 My Thoughts

Fort Lauderdale Real Estate has shown a strong recovery since the Housing Market Collapse of 2006 – 2008 – 2010.

This is especially the case with Fort Lauderdale Homes.

Fort Lauderdale is a great city and with our warm weather and relatively low home prices – real estate attracts not only locals but also many home buyers from other states here in the USA, from Canada and also from overseas.

Based on my 20 years experience as a realtor I am expecting and predicting prices for Fort Lauderdale Homes will be up of 15% by the end of the year.

This would see the median having increased from $253,450 to a median of $291,467 – an increase of $38,017.

I hope you have enjoyed my post of Fort Lauderdale Homes and recent home sales – Kevin Wirth Fort Lauderdale Realtor.