View of a Fort Lauderdale home here in Middle River Terrace

Middle River Terrace Homes for Sale

Middle River Terrace
Fort Lauderdale

Search Homes in Middle River Terrace

In this post we look at Middle River Terrace Homes for Sale Fort Lauderdale, Pending Sales as well as Recent Sales.

We also give our pricing guide for homes in Middle River Terrace

Key Statistics for Buyers / Sellers

  • Prices from $178,000 – $999,900

Median Prices

  • List Price $265,000
    – Waterfront $450,000
    – Non Waterfront $247,500
  • Sales Price last 6 Months $210,000
  • Median Sales to List Price 95%
  • Days on Market 31 Days

Middle River Terrace
Homes for Sale

At time of writing there are 15 x Middle River Terrace Homes for Sale here in Fort Lauderdale – this up from our last post in January February 2015  when there were 10 homes for sale.

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

 $$ Beds/Baths SF/FF List Price
High 5 / 3 3,717 $999,900
Low 2 / 1 759 $178,000
Avg 2 / 2 1,377 $311,527
Med 2 / 1 1,278 $265,000

We can see from this report that the average price for a Fort Lauderdale home for sale in Middle River Terrace is $311,527 and the median price is $265,000 – the median being for a 2 bedroom 1 bathroom home of 1278 square feet.

In our last post in Jan / Feb 2015 the average price for a home for sale in Middle River Terrace was $345,828 and the median price was $217,240 – the median being for a 2 bedroom 1 bathroom home of 1300 square feet.

Square Foot Prices
Homes for Sale

Here is our market summary report showing square foot prices for Fort Lauderdale Homes for sale here in Middle River Terrace.

 $$ LP$/SqFt
High $354
Low $169
Avg $234
Med $228

We can see from this report that the median price for a Fort Lauderdale home for sale here in Middle River Terrace is $228.00

Important to note is the median list price to square foot price in our last report was $208.00!

View of the most expensive Fort Lauderdale home for sale here in Middle River Terrace
View of the most expensive Fort Lauderdale home for sale here in Middle River Terrace

Middle River Terrace
Most Expensive Home

The most expensive Fort Lauderdale home for sale here in Middle River Terrace is here on North Dixie Hwy and was built in 2007.

This home has $200,000 in extras and is just minutes to the beach and Las Olas. You can easily walk to the Drive!

The home has every upgrade imaginable, attention to detail throughout, a symphony in every room! Gourmet kitchen, with Veneta Cucine cabinets, quartz counter tops, top of the line appliances, 20×20 flooring throughout.   The master suite is amazing with a marble bath, imported cabinets, Duravil faucets/fixtures, California closets,  8 foot doors and 10 foot ceilings.

Other features include: impact windows and a fireplace.

Middle River Terrace
New Construction

There are currently no Middle River Terrace homes for sale that are new construction homes.

View of Fort Lauderdale waterfront homes here in Middle River Terrace
View of Fort Lauderdale waterfront homes here in Middle River Terrace

Middle River Terrace
Waterfront Homes

Of the 15 Fort Lauderdale homes currently for sale here in Middle River Terrace – just 1 home is a waterfront home.

The market analysis report for this waterfront property is presented below.

Beds/Baths SF/FF List Price LP$/SqFt
2 1,350 $450,000 $333

We can see from this report the details for this waterfront home – which show the property as a 2 bedroom 1 bathroom 1350 square foot home listed for sale at $450,000 – with a list price to square foot price of $333.00

Note: In our earlier post in Nov/Dec 2014 this property had been listed for sale for $575,000 – with a list price to sq ft price of $426.00

Notes on this Home

This waterfront home however sits on a site already zoned RML25 which is equivalent to 3 city lots!   

View from a Fort Lauderdale waterfront home for sale here in Middle River Terrace

The site offers so much potential and is really a private riverfront oasis.   This Fort Lauderdale home for sale in Middle River Terrace sits on a triple lot with tropical breezes and 123 feet on main part of Middle River.

The home has a large covered Tiki hut on a large dock that affords with breathtaking wide waterway views.

This waterfront Middle River Terrace home for sale is located directly across from a protected bird sanctuary that will never be built on.

Middle River Terrace
Non-Waterfront Homes

Of the 15 Fort Lauderdale homes currently for sale here in Middle River Terrace – 14 homes are non-waterfront homes.

The market analysis report for these homes is presented below.

 $$ Beds/Baths SF/FF List Price
High 5 / 3 3,717 $999,900
Low 2 / 1 759 $178,000
Avg 2 / 1 1,379 $301,636
Med 2 / 1 1,257 $247,500

We can see from this report the details for these homes.

We can see from this report that the median price for a Fort Lauderdale home for sale here in Middle River Terrace is $247,500 this being for a 2 bedroom 1 bathroom home of 1257 square feet.

In our last post the median was $204,480!

Fort Lauderdale home for sale here in Middle River Terrace
Fort Lauderdale home for sale here in Middle River Terrace

 

Middle River Terrace
New Listings – Last 30 Days

There has been 6 new listings of a single family homes for sale here in Middle River Terrace – over the last 30 days.

The market analysis report for this home is presented below.

 $$ Beds/Baths SF/FF List Price
High 3 / 2 1,370 $385,000
Low 2 / 1 759 $199,000
Avg 3 / 2 1,116 $279,817
Med 3 / 1 1,168 $283,000

We can see from this report that the median price for a new listing here in Middle River Terrace is $283,000this being for a 3 bedroom 1 bathroom home of 1168 square feet.

 

Kevin Wirth - Fort Lauderdale Realtor

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

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Middle River Terrace
Pricing Guide

Here is our pricing guide for Fort Lauderdale Homes here in Middle River Terrace by Bedroom

Beds/Baths SF/FF List Price LP$/SqFt
2 / 1 1,171 $204,480 $214
3 / 2 1,700 $275,000 $162
4 / 2 1,404 $199,000 $142
5 / 3 3,717 $1,190,000 $320

We can see from this report that the median price:

  • for a 2 bedroom 1 bathroom home is $204,480 – this being for a home of approx 1171 square feet with a list price to square foot price of $214.00
  • for 3 bedroom 2 bathroom homes is $275,000– this being for a home of approx 1,700 square feet with a list price to square foot price of $162.00
  • for 4 bedroom 2 bathroom homes is $199,000– this being for a home of approx 1,404 square feet with a list price to square foot price of $142.00
  • for the 1 x 5 bedroom 3 bathroom home is $1,190,000– this being for a home of approx 3,717 square feet with a list price to square foot price of $320.00
Fort Lauderdale home for sale here in Middle River Terrace
Fort Lauderdale home for sale here in Middle River Terrace

 

Middle River Terrace
Pending & Recent Sales

There are currently 2 x Middle River Terrace homes that are under contract and are pending sale – this is down from the 3 homes we had pending sales in our last report in January / February 2015

 $$ Beds/Baths SF/FF List Price
NE 7th 2 / 2 1,522 $249,900
NE 5th 3 / 2 850 $110,000
Med 2.5 1,186 $179,950

We can see from this report the data for each home pending sale:

The most expensive home currently pending sale is on NE 7TH Terracethis 2 bedroom 2 bathroom Fort Lauderdale home was offered for sale for $249,900 with a list price to square foot price of $164.00.

The next home pending sale is on NE 5TH Terrace – this 3 bedroom 2 bathroom Fort Lauderdale home was offered for sale for $110,000 with a list price to square foot price of $129.00.

Middle River Terrace
Recent Sales – Last 6 Months

There have been 15 sales of Fort Lauderdale homes here in Middle River Terrace over the last 6 months – which is the same number as in our last report in January / February 2015

The market analysis report for these homes is presented below

$$  Beds/Baths SF/FF Sale Price
High 4 / 2 1,748 $330,000
Low 2 / 1 811 $85,000
Avg 3 / 2 1,257 $207,300
Med 3 / 2 1,251 $210,000

We can see from this report that the median price for a Fort Lauderdale home sold here in Middle River Terrace over the last 6 months has been $210,000 – this being for a 3 bedroom 2 bathroom home of 1251 square feet. 

In our last report the median for the prior 6 months was $217,000 – this being for a 3 bedroom 2 bathroom home of 1274 square feet with a sales price to square foot price of $194.00

Square Foot Prices
Homes Sold

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

$$  SP$/SqFt
High $276
Low $82
Avg $170
Med $145

We can see from this report that the median sales price to square foot price paid for a Middle River Terrace home sold over the last 6 months has been $145.00 per square foot.

Important to note is the highest price paid at $276.00

% 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 Middle River Terrace – 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 97%
Med 95%

We can see from this report that the median sales price to list price for a home here in Middle River Terrace  has been 95%

This means if a Fort Lauderdale home for sale here in Middle River Terrace is listed at $200,000 – then based on median sales data the home would sell for 95% of that amount or $190,000.

Days on Market

Days on market for Homes for Sale in Middle River Terrace 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 91
Med 32

We can see from this report that the average days on market for a Fort Lauderdale home for Sale in Middle River Terrace is 91 days

More importantly is the median days on market at just 32 days

This is fast and shows ho strong demand is for Fort Lauderdale homes for sale in this “Hot” 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 Middle River Terrace Homes for Sale Fort Lauderdale – by Kevin Wirth Realtor