View Fort Lauderdale home for sale in Lake Ridge

Lake Ridge Homes

Lake Ridge Homes
Fort Lauderdale

In this post we look at Lake Ridge Homes for Sale Fort Lauderdale, Pending Sales as well as Recent Sales.

Search Lake Ridge Fort Lauderdale Homes for Sale

We also give our pricing guide for homes in Lake Ridge

Key Statistics for Buyers / Sellers

  • Prices from $219,000 – $539,000

Median Prices

  • List Price $374,394
    – 3 Bedroom 2 Bathroom Home
  • Sales Price last 6 Months $326,250
    – 2 Bedroom 2 Bathroom Home
  • Median Sales to List Price 96%
  • Days on Market – 41 Days
View of a waterfront home here in Lake Ridge Fort Lauderdale
View of a waterfront home here in Lake Ridge Fort Lauderdale

Lake Ridge
Homes for Sale

At time of writing there are just 4 x Lake Ridge Fort Lauderdale Homes for Sale – a real shortage on inventory!

This is up slightly from the 3 homes for sale in our last post!

The market analysis report for these Fort Lauderdale  homes is presented below

 $$ Beds/Baths SF/FF List Price
High 4 / 3 3,134 $539,000
Low 2 / 1 1,641 $219,900
Avg 3 / 2 2,221 $376,922
Med 3 / 2 2,056 $374,394

We can see from this report that the median price for a Fort Lauderdale home for sale in Lake Ridge is $374,394 – this being for a 3 bedroom 2 bathroom home of 2056 square feet.

In our last post the median price for a home for sale in Lake Ridge was $359,999 – this being for a 3 bedroom 2 bathroom home of 1439 square feet.

Currently there are no waterfront homes for sale here in Lake Ridge.

Square Foot Prices
Homes for Sale

Here is our market summary report showing square foot prices for Fort Lauderdale Homes here in Lake Ridge

 $$ LP$/SqFt
High $256
Low $168
Avg $203
Med $193

We can see from this report that the median list price to square foot price is $193.00.

In our last post both the average and median list price to square foot price was $223.00

View of the most expensive Fort Lauderdale home for sale in Lake Ridge
View of the most expensive Fort Lauderdale home for sale in Lake Ridge

Lake Ridge
Most Expensive Home

The most expensive Fort Lauderdale home currently for sale here in Lake Ridge is on North Victoria Park Road and this home is offered for sale for $539,000

Our market summary report for this home is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
3 / 3 3,134 $539,000 $206

This 3 bedroom 3 bathroom home exudes “Picturesque Curb Appeal” that is accentuated by the homes well-proportioned architectural details.

This spectacular residence offers an open floor plan and fabulous closet space.  There is a 2-car garage and a rooftop deck that is perfect for entertaining.

You will love the luxurious master bath with double sinks, the spacious step-in shower and  separate tub.

Other features include: Marble floors in the living areas, hardwood stairs and carpeted bedrooms.

This 3134 square foot Lake Ridge home for sale has a list price to square foot price of $206.00!

Note this home was the only new listing in Lake Ridge in the last 30 days!

 

Kevin Wirth - Fort Lauderdale Realtor

Buying / Selling?
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Kevin Wirth – 954-459-0337

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Lake Ridge Homes
Pricing Guide

Here is our pricing guide for Fort Lauderdale Homes here in Lake Ridge by Bedroom

Beds/Baths SF/FF List Price LP$/SqFt
2 / 1 1,641 $219,900 $180
3 / 2 2,410 $448,894 $231
4 / 3 2,425 $390,000 $168

We can see from this report that the median prices:

  • for the 1 x 2 bedroom home Lake Ridge home for sale is $219,900 – this being for a 2 bedroom 2 bathroom home of approx 1641 square feet with a list price to square foot price of $180.00
  • for the 2 x 3 bedroom Lake Ridge homes for sale is $448,894 – this being for a 3 bedroom 2 bathroom home of approx 2410 square feet with a list price to square foot price of $231.00
  • for the 1 x 4 bedroom Lake Ridge home for sale is $390,000 – this being for a 4 bedroom 3 bathroom home of approx 2425 square feet with a list price to square foot price of $168.00
View of an update home pending sale here in Lake Ridge
View of an update home pending sale here in Lake Ridge

Lake Ridge Homes
Pending & Recent Sales

There are currently 8 x Lake Ridge homes pending sale – which is up from 6 homes pending sale as in our last post!

Our market analysis report for these homes is presented below

 $$ Beds/Baths SF/FF List Price
High 3 / 2 1,673 $474,900
Low 2 / 1 1,118 $189,900
Avg 2 / 2 1,380 $305,081
Med 2 / 2 1,387 $317,000

We can see from this report that the median price for a Fort Lauderdale home pending sale here in Lake Ridge is $317,000 – this being for a 2 bedroom 2 bathroom home of 1387 square feet.

In our last post  the median price for a home pending sale here in Lake Ridge was $214,450 – this being for a 2 bedroom 2 bathroom home of 1198 square feet.

Important to note is the increase in median prices for Lake Ridge homes pending sale – up from $214,450 to $317,000 – an increase of over $100,000! 

Also important to note is that the median days on market for homes pending sale here in Lake Ridge at 41 days – which is fast and reflects strong demand for Fort Lauderdale homes for sale in this neighborhood!

Days on market is the time from when the home was listed for sale till the date the home was under contract and pending sale!

Lake views from a waterfront home pending sale here in Lake Ridge - 1124 NE 18th Ave
Lake views from a waterfront home pending sale here in Lake Ridge – 1124 NE 18th Ave

Lake Ridge
Waterfront Homes

Of the 8 x Fort Lauderdale homes currently pending sale here in Lake Ridge – 2 of these homes are waterfront homes.

Waterfront homes here in Lake Ridge are highly sought after and appear less frequently offered for sale.

Our market summary report for these waterfront homes is presented below.

 $$ Beds/Baths SF/FF List Price
High 2 / 2 1,673 $474,900
Low 2 / 2 1,577 $315,000
Med 2 / 2 1,625 $394,950

We can see from this report that the median price of a waterfront home pending sale here in Lake Ridge is $393,950this being for a 2 bedroom 2 bathroom home of 1625 square feet with a list price to square foot price of $298.00

Note the range of prices for waterfront homes pending sale – from a low of $315,000 to a high of $474,900 – all for 2 bedroom 2 bathroom waterfront homes!

View from of a Lake Ridge home recently sold here in Fort Lauderdale
View from of a Lake Ridge home recently sold here in Fort Lauderdale

Lake Ridge Homes
Recent Sales – Last 6 Months

There have been 10 sales of Fort Lauderdale homes here in Lake Ridge over the last 6 months.

This is down slightly from the 11 homes is per our last post!

The market analysis report for these homes is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 3 / 3 1,824 $440,000
Low 2 / 1 760 $125,000
Avg 2 / 2 1,292 $301,392
Med 2 / 2 1,301 $326,250

We can see from this report that the median sales price for an Lake Ridge home has been $326,250 – this being for a 2 bedroom 2 bathroom 1301 square foot home!

In our last post the median sales price for an Lake Ridge home sold in the preceding 6 months was $285,000 – this being for a 2 bedroom 2 bathroom 1234 square foot home!

Square Foot Prices
Homes Sold

Here is our market summary report showing square foot prices paid for Fort Lauderdale Homes sold in Lake Ridge over the last 6 months.

 $$ SP$/SqFt
High $296
Low $208
Avg $254
Med $251

We can see from this report that the median sales price to square foot price paid for a Lake Ridge home sold over the last 6 months has been $251.00 per square foot – up from $232.00 as in our last post!

Note: also the highest price paid per square foot at $296.00!

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Homes for sale here in Lake Ridge – we can gauge this based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

 $$ SP$/LP$
Avg 81%
Med 96%

We can see from this report that the median sales price to list price for Fort Lauderdale home here in Lake Ridge  has been 96% – down slightly from 97% in our last post! 

This means if a Fort Lauderdale home for sale here in Lake Ridge is listed at $300,000 – then based on median sales data the home could be expected to sell for 96% of that amount or $288,000.

Days on Market

Days on market for Homes for Sale in Lake Ridge is an important indicator on how this neighborhood’s real estate market is preforming.

Here is the market analysis report for Days on Market based on home sales over the last 6 months.

 $$ Days on Market
Avg 45
Med 41

We can see from this report that the average days on market for a Fort Lauderdale home for Sale in Lake Ridge is 45 days

Importantly are the median days on market a close 41 days – which is a solid indicator of demand!

Days on market is the time from when the home was listed for sale till the home sold AND closed.

Kevin Wirth Realtor

I hope you have enjoyed this post on Lake Ridge Homes for Sale Fort Lauderdale – by Kevin Wirth Realtor