View of a Fort Lauderdale home here in Lake Ridge

Lake Ridge Homes

Lake Ridge Homes
Fort Lauderdale

Search Lake Ridge Fort Lauderdale Homes for Sale

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

We also give our pricing guide for homes in Lake Ridge

Key Statistics for Buyers / Sellers

  • Prices from $189,900 – $459,000

Median Prices

  • List Price $262,500
    – 2 Bedroom 2 Bathroom Home
  • Sales Price last 6 Months $289,950
    – 3 Bedroom 2 Bathroom Home
  • Median Sales to List Price 99%
  • Days on Market – 65 Days

Lake Ridge
Homes for Sale

At time of writing there are 8 x Lake Ridge Fort Lauderdale Homes for Sale – this is down from the 10 homes in our last post for Lake Ridge Homes for sale September / October 2015

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

 $$ Beds/Baths SF/FF List Price
High 3 / 2 1,636 $459,000
Low 2 / 1 760 $189,900
Avg 2 / 2 1,250 $303,913
Med 2 / 2 1,230 $262,500

We can see from this report that the median price for a Fort Lauderdale home for sale in Lake Ridge is $262,500 – this being for a 2 bedroom 2 bathroom home of 1230 square feet.

It is important to note that median home prices continue to decline and are now down over $65,000 or 20% from our post for April / May 2015!

In our last post for September / October the median price for a home for sale in Lake Ridge was $277,000 – this being for a 2 bedroom 2 bathroom home of 1152 square feet.

In our earlier post for April / May the median price for a home for sale in Lake Ridge was $329,900 – this being for a 3 bedroom 2 bathroom home of 1238 square feet.

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 $308
Low $172
Avg $242
Med $240

We can see from this report that the average list price to square foot price is $242.00 and the median is $240.00

Note despite the decline in median prices of Lake Ridge homes for sale…

The median list price to square foot price at $240.00 is actually up for our earlier report for April / May 2015 when the median was $236.00!

Lake Ridge
Most Expensive Home

The most expensive home for sale offered for sale is on NE 17TH Terrace and is priced at $350,000.

This Fort Lauderdale home for sale here in Lake ridge has undergone a complete renovation! 

This 2/2 with a 1 car garage features hurricane proof high impact windows and doors all around, a newer “s” tile roof and a beautiful pool with new diamond brite and led lighting.

The home has: bamboo floors, recessed speakers throughout with a central stereo system, a garage with storage, updated bathrooms, an updated kitchen and an outdoor screened in patio.

The home sits on an oversized lot and a really nice feature is the huge laundry room with tons of storage.

The home is tropically landscaped with up-lighting in sought after “east” neighborhood of Lake Ridge.

View of a pool home just listed for sale here in Lake Ridge Fort Lauderdale
View of a pool home just listed for sale here in Lake Ridge

Lake Ridge Homes
New Listings – Last 30 Days

There has been 4 new listing of single family homes for sale here in Lake Ridge over the last 30 days – this is up from 1 new listing as per our last post!

The market analysis report for these homes is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 1,636 $459,000
Low 2 / 1 760 $218,500
Avg 2 / 1 1,216 $341,600
Med 2 / 1 1,235 $344,450

We can see from this report that the median price for a new listing here in Lake Ridge is $344,450 – this being for a 2 bedroom 1 bathroom home of 1235 square feet with a list price to square foot price of $278.00

It is important to note that the 4 new listings represent 50% or half of all the homes currently for sale here in Lake Ridge!

 

Kevin Wirth - Fort Lauderdale Realtor

Buying / Selling?
Call Me Today

Kevin Wirth – 954-459-0337

Click here to email me now

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 1,162 $262,000 $240
3 / 2 1,439 $344,950 $235

We can see from this report that the median prices:

  • for 2 bedroom 1 bathroom homes is $262,000– this being for a home of approx 1162 square feet with a list price to square foot price of $240.00
  • for 3 bedroom 2 bathroom homes is $344,950– this being for a home of approx 1439 square feet with a list price to square foot price of $235.00

Note: there are currently 6 x 2 bedroom homes for sale and 2 x 3 bedroom homes for sale!

View of a Fort Lauderdale home pending sale here in Lake Ridge
View of a Fort Lauderdale home pending sale here in Lake Ridge

Lake Ridge Homes
Pending & Recent Sales

There are currently 7 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 / 3 1,593 $409,999
Low 2 / 1 865 $169,900
Avg 2 / 2 1,285 $274,828
Med 2 / 2 1,280 $290,000

We can see from this report that the median price for a Fort Lauderdale home pending sale here in Lake Ridge is $290,000 – this being for a 2 bedroom 2 bathroom home of 1405 square feet.

In our last post  the median price for a home pending sale here in Lake Ridge was$317,500 – this being for a 3 bedroom 2 bathroom home of 1405 square feet.

Important to note is that the median days on market for homes pending sale here in Lake Ridge is just 10 days – which is very fast and reflects strong demand for Fort Lauderdale homes for sale in this neighgborhood!

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!

View of a home recently sold here in Lake Ridge
View of a home recently sold here in Lake Ridge

Lake Ridge Homes
Recent Sales – Last 6 Months

There have been 11 sales of Fort Lauderdale homes here in Lake Ridge over the last 6 months.

This is well up and is nearly double the 6 homes is per our last post!

The market analysis report for these homes is presented below.

 $$ Beds/Baths SF/FF Sale Price
High 4 / 3 1,903 $430,000
Low 2 / 1 996 $230,000
Avg 3 / 2 1,304 $299,996
Med 3 / 2 1,235 $289,950

We can see from this report that the median sales price for an Lake Ridge home has been $289,950 – this being for a 3 bedroom 2 bathroom 1235 square foot home!

It is interesting to see how median sales prices have risen since our post for April / May…

Currently median sales price for Lake Rudge homes are up over $100,000 from our post for April / May 2015!

  • In our last post in September / October 2015 the median sales price for an Lake Ridge home sold in the preceding 6 months was $279,950 – this being for a 3 bedroom 2 bathroom 1240 sq ft home
  • In our last post in July / August 2015 the median sales price for an Lake Ridge home sold in the preceding 6 months was $300,000 – this being for a 3 bedroom 2 bathroom 1288 sq ft home
  • In our earlier post in April / May 2015 the median sales price for an Lake Ridge home sold in the preceding 6 months was $186,100 – this being for a 2 bedroom 2 bathroom 1240 sq ft 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 $318
Low $189
Avg $229
Med $229

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 $229.00 per square foot – the same as in our last post!

Note the trend of increasing square foot prices – well up from April / May.

The median sales price to square foot price paid for a Lake Ridge home sold over the preceding 6 months as per our post for April / May was $168.00 per square foot.

% 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 99%
Med 99%

We can see from this report that BOTH the average and median sales price to list price for Fort Lauderdale home here in Lake Ridge  has been 99% – up 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 would sell for 99% of that amount or $297,000.

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 53
Med 65

We can see from this report that the average days on market for a Fort Lauderdale home for Sale in Lake Ridge is 53 days

Importantly are the median days on market at 65 days or just over 2 months!

65 days is fast and reflects increasing demand for homes in this “Hot” Fort Lauderdale neighborhood!

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