View of a Fort Lauderdale home sold here in River Oaks in 2104

River Oaks Home Sales 2014

In this update we review sales of Fort Lauderdale homes here in River Oaks for 2014 

We also review median sales prices by bedroom including square footage, sales price to square foot price and days on market. 

Key Statistics for Buyers & Sellers

  • Sales Prices from $73,500 – $1,160,000

Median Prices

  • Median Sales Price $310,000
    – 3 Bedroom 2 Bathroom Home
  • Sales Price to List Price 97%
  • Days on Market 43 Days

River Oaks
Prices by Bedroom

Here is the market analysis summary for River Oaks homes sold in 2014 by median prices by bedroom.

Beds/Baths SF/FF Sale Price SP$/SqFt
2 / 1 1,084 $239,000 $221
3 / 2 1,341 $300,000 $222
4 / 3 2,884 $581,200 $199

We can see from this report the median prices for 2 bedroom, 3 bedroom homes and 4 bedroom homes here in River Oaks.

Below we discuss in more detail sales prices to square foot prices, the sales price to list price as well as the days on market.

Days on market is how long the home took to sell from the time it was listed for sale, till it went pending sale and then closed.

Kevin Wirth - Fort Lauderdale Realtor

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Kevin Wirth Realtor
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River Oaks
2 Bedroom Homes

Here is the market analysis report for the 17 x 2 bedroom Fort Lauderdale homes sold here in River Oaks in 2014

 $$ Beds/Baths SF/FF Sale Price
High 2 / 2 1,667 $450,000
Low 2 / 1 758 $77,500
Avg 2 / 1 1,133 $251,110
Med 2 / 1 1,084 $239,000

We can see that the average price for a 2 bedroom River Oaks home sold here in Fort Lauderdale in 2014 was $251,110  – this being for a 2 bedroom 1 bathroom home of 1133 square feet.

We can also see that median price for a 2 bedroom River Oaks home sold in 2014 was $239,000 – this also being for a 2 bedroom 1 bathroom home  – a home of 1084 square feet.

Important to note is that:

  • the median sales price to square foot price for a 2 bedroom home sold here in River Oaks in 2014 was $221.00
  • the sales price to list price for 2 bedroom homes in 2014 was 98%
  • the median days on market for a 2 bedroom River Oaks home was just 24 days.  24 days is fast for homes in this price range and indicates strong demand for 2 bedroom homes in this Fort Lauderdale neighborhood.

River Oaks
3 Bedroom Homes

Here is the market analysis report for the 21 x 3 bedroom Fort Lauderdale homes sold here in River Oaks in 2014

 $$ Beds/Baths SF/FF Sale Price
High 3 / 3 2,654 $825,000
Low 3 / 1 966 $73,000
Avg 3 / 2 1,481 $361,762
Med 3 / 2 1,341 $300,000

We can see that the average price for a 3 bedroom River Oaks home sold here in Fort Lauderdale in 2014 was $361,762  – this being for a 3 bedroom 2 bathroom home of 1481 square feet.

We can also see that median price for a 3 bedroom River Oaks home sold in 2014 was $300,000 – this also being for a 3 bedroom 2 bathroom home  – a home of 1341 square feet.

Important to note is that:

  • the median sales price to square foot price for a 3 bedroom home sold here in River Oaks in 2014 was $222.00
  • the sales price to list price for 3 bedroom homes in 2014 was 94%
  • the median days on market for a 3 bedroom River Oaks home was just 90 days or 3 months.

River Oaks
4 Bedroom Homes

Here is the market analysis report for the 7 x 4 bedroom Fort Lauderdale homes sold here in River Oaks in 2014

 $$ Beds/Baths SF/FF Sale Price
High 4 / 4 3,159 $1,160,000
Low 4 / 2 1,368 $335,000
Avg 4 / 3 2,652 $596,886
Med 4 / 3 2,884 $581,200

We can see that the average price for a 4 bedroom River Oaks a home sold here in Fort Lauderdale in 2014 was $596,886  – this being for a 4 bedroom 3 bathroom home of 2652 square feet.

We can also see that median price for a 4 bedroom River Oaks home sold in 2014 was $581,200 – this being for a 4 bedroom 3 bathroom home of 2884 square feet 

Important to note is that:

  • the median sales price to square foot price for a 4 bedroom home sold here in River Oaks in 2014 was $199.00
  • the sales price to list price for 4 bedroom homes in 2014 was a little lower at 97% of list price!
  • the median days on market for a 4 bedroom River Oaks home was a solid 43 days
View most expensive Fort Lauderdale home sold in River Oaks in 2014
View most expensive Fort Lauderdale home sold in River Oaks in 2014

River Oaks
Homes Sales 2014

Here is the market summary report for the 45 x Fort Lauderdale homes sold here River Oaks Homes in 2014

 $$ Beds/Baths SF/FF Sale Price
High 4 / 4 3,159 $1,160,000
Low 2 / 1 758 $73,000
Avg 3 / 2 1,545 $356,535
Med 3 / 2 1,294 $310,000

We can see from this report that the average price for a River Oaks home sold here in Fort Lauderdale in 2014 was $356,535  – this being for a 3 bedroom 2 bathroom home of 1545 square feet.

We can also see that median price for a River Oaks home sold in 2014 was $310,000 – this also being for a 3 bedroom 2 bathroom home – a home of 1294 square feet

We can also see that the smallest home sold was a 2 bedroom home and that the largest home sold in River Oaks in 2014 was a 4 bedroom home

Sales Price
Square Foot Price

Here is the market summary report for sales price to square foot price for all River Oaks home sales in 2014.

 $$ SP$/SqFt
High $424
Low $50
Avg $229
Med $219

We can see from this report that the average sales price to square foot price for a Fort Lauderdale home sold here in River Oaks in 2014 was $229.00.

We can also see the median sales price to square foot price at $219.00 per square foot.

Important to note is the highest sales price to square foot price for 2014 at $424.00

Sales Price
To List Price

Another important real estate indicator is sales price to list price – or how much were buyers willing to pay as a percentage of list price for Fort Lauderdale Homes here in River Oaks.

We can see this presented in the market summary report below

 $$ SP$/LP$
Avg 94%
Med 97%

We can see from this report that the average sales price to list price for all sales in 2014 was 93%

We can also see the median sales price to list price was 97%

This means that based on MLS data in a Fort Lauderdale home was listed for sale here in River Oaks for $300,000 – then based on median data you would expect the home to sell for 97% of list price or $291,000.

Days on Market

Days on market is a very important indicator for how strong demand is for Fort Lauderdale homes for sale in a particular neighborhood.

The days on market summary report for 2014 sales is presented below.

 $$ Days on Market
Avg 100
Med 43

We can see from this report that the average days on market for a home to sell here in River Oaks in 2014 was 100 days

We can also see that the median days on market was just 43 days!

Less than 3 months is a solid indicator reflecting strong demand for Fort Lauderdale homes for sale here in River Oaks

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

I hope you have enjoyed reading my report about Luxury Fort Lauderdale Homes sales in River Oaks for 2014
By Kevin Wirth Realtor