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

Middle River Terrace Homes

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 $189,999 – $897,000

Median Prices

  • List Price $279,000
    – 3 Bedroom 2 Bathroom Home
  • Sales Price last 6 Months $217,500
     – 2 Bedroom 1 Bathroom Home
  • Median Sales to List Price 97%
  • Days on Market 31 Days – down from 40 Days!

Middle River Terrace
Homes for Sale

At time of writing there are 13 x Middle River Terrace Homes for Sale here in Fort Lauderdale – this up from 9 homes as per our last post for Middle River Terrace homes for sale for Sept / Oct 2015  

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

 $$ Beds/Baths SF/FF List Price
High 5 / 3 3,717 $897,000
Low 2 / 1 874 $189,999
Avg 3 / 2 1,571 $330,569
With 3 / 2 1,258 $279,000

We can see from this report that the average price for a Fort Lauderdale home for sale in Middle River Terrace is $330,569 and the median price is $279,000 – the median being for a 3 bedroom 2 bathroom home of 1258 square feet.

It is important to note that while median prices have been declining over recent months – median prices are still well up from our post for June / July 2015!

  • In our post for Sept / Oct 2015 the average price for a home for sale in Middle River Terrace was $385,189 and the median price is $292,900 – the median being for a 3 bedroom 2 bathroom home of 1159 square feet.
  • In our post for Aug / Sept 2015 the average price for a home for sale in Middle River Terrace was $409,681 and the median price was $327,825 – the median being for a 3 bedroom 2 bathroom home of 1409 square feet.
  • In our post for June / July 2015 the average price for a home for sale in Middle River Terrace was $344,447 and the median price was $234,900 – the median being for a 2 bedroom 1 bathroom home of 1335 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 $303
Low $0
Avg $202
With $229

We can see from this report that the median price for a Fort Lauderdale home for sale here in Middle River Terrace is $229.00 – this is down from our last 2 posts!

  • In our last post the median price for a home for sale here in Middle River Terrace was $252.00 
  • In our earlier post the median price for a home for sale here in Middle River Terrace was $240.00 

Important to note the median list prices to square foot prices have dropped this month after several months on being on the rise!

 

Middle River Terrace
Most Expensive Home

The most expensive Fort Lauderdale home for sale here in Middle River Terrace is here on N Dixie Highway and is offered for sale for $897,000 – having recently been reduced in price from $999,997!

This luxury 5 bedroom 3.5 bathroom home is newer construction being built in 2007.

The home features: a gourmet inspired kitchen, cabinets by Italian designer Veneta Cucine, quartz counter tops and premium Kitchen Aid appliances.

Other features include: a Marble staircase, speakers through-out the home with infra-red surveillance, custom lighting and the master bath has a Jacuzzi and marble shower.

The Master suite also has additional insulation for extra quiet nights and the Master closet features Italian cabinetry with smoked glass mirrors. 

View of a Fort Lauderdale home just listed for sale in Middle River Terrace
View of a home just listed for sale in Middle River Terrace

Middle River Terrace
New Listings – Last 30 Days

There has been 5 new listings of a single family homes for sale here in Middle River Terrace over the last 30 days – this is up from 2 new listings as in our last post!

The market analysis report for these homes is presented below.

$$  Beds/Baths SF/FF List Price
High 3 / 2 1.409 $295,000
Low 2 / 1 963 $229,900
Avg 3 / 2 1,165.2 $264,560
With 3 / 1 1,122 $269,000

We can see from this report that the median price for a new listing here in Middle River Terrace is $269,000 – this being for a 3 bedroom 1 bathroom home of 1122 square feet.

In our last post the median price for a new listing here in Middle River Terrace was $354,950 – this being for a 2 bedroom 1 bathroom home of 809 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 1,042 $279,000 $246
3 / 2 1.409 $249,900 $174
5 / 3 3,717 $897,000 $241

We can see from this report that the median price:

  • for a 2 bedroom 1 bathroom home is $279,000 – this being for a home of approx 1042 square feet with a list price to square foot price of $246.00
  • for 3 bedroom 2 bathroom homes is $249,900 – this being for a home of approx 1409 square feet with a list price to square foot price of $174.00
  • for the 1 x 5 bedroom 3 bathroom home is $897,000 – this being for a home of 3,717 square feet with a list price to square foot price of $241.00
View of a pool home pending sale here in Middle River Terrace Fort Lauderdale
View of a pool home pending sale here in Middle River Terrace

Middle River Terrace
Pending & Recent Sales

There are currently 5 x Middle River Terrace homes that are under contract and are pending sale – this is up slightly from the 5 homes we had pending sales in our last report for September / October 2015

The market analysis report for these home is presented below

 $$ Beds/Baths SF/FF List Price
High 4 / 2 1,561 $399,000
Low 2 / 1 850 $89,900
Avg 3 / 2 1,135 $195,560
Med 3 / 2 1,065 $149,900

We can see from this report the that the median price for a Fort Lauderdale home pending sale here in Middle River Terrace is $149,900 – this being for a 3 bedroom 2 bathroom home of 1065 sq ft!

Important to note is the decreasing median prices for homes pending sale – indicating the buyers are increasingly purchasing lower prices homes in this neighborhood!

  • In our last post the median price for a home pending sale here in Middle River Terrace was $167,450 – this being for a 2 bedroom 2 bathroom home of 1275 sq ft!
  • In our prior post the median price for a home pending sale here in Middle River Terrace was $181,000 – this being for a 2 bedroom 1 bathroom home of 990 sq ft!
  • In our earlier post the median price for a home pending sale here in Middle River Terrace was $249,000 – this being for a 3 bedroom 2 bathroom home of 1300 sq ft!

Also important to note is the median days on market at just 34 days – down from 60 days in our last post! 

34 days is fast and reflects solid demand for Fort Lauderdale homes for sale in this “Hot Neighborhood”

Days on market  in the report is the time from when the home was listed for sale till the home went pending sale!

View of a home recently sold here in Middle River Terrace Fort Lauderdale
View of a home recently sold here in Middle River Terrace

Middle River Terrace
Recent Sales – Last 6 Months

There have been 14 sales of Fort Lauderdale homes here in Middle River Terrace over the last 6 months – this is down from 17 homes as in our last post for September / October.

The market analysis report for these homes is presented below

$$  Beds/Baths SF/FF Sale Price
High 3 / 2 1,712 $350,000
Low 2 / 1 704 $141,000
Avg 2 / 1 1,099 $224,643
Med 2/ 1 995 $217,500

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 $217,500 – this being for a 2 bedroom 1 bathroom home of 995 square feet. 

In our last post the the median price for a home sold here in Middle River Terrace over the last 6 months was $215,000 – this being for a 2 bedroom 1 bathroom home of 1086 square feet. 

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 $334
Low $166
Avg $221
Med $212

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 $212.00 per square foot

Note this is up from our last post when the median was $208.00 which in turn was up from our prior post when the median was $195.00 per square foot!

Important to note is the highest price paid at $334.00

% 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 90%
Med 97%

We can see from this report that the median sales price to list price for a home here in Middle River Terrace  has been 97% – this is up slightly from 96% in our last post!

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 97% of that amount or $194,000.

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 95
Med 31

We can see from this report that the average days on market for a Fort Lauderdale home for Sale in Middle River Terrace is 95 days.

More importantly is the median days on market at just 31 days – down from 40 days in our last post!

This is fast and shows strong demand 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