Condo Tower Balconies

October 2017 Broward Real Estate Market

As we move into the busy season for Broward Real Estate, the market is healthy and buyers are out looking for the perfect home. Inventory levels for single family homes still are lower than previous years, with only 3.8 months supply. New listings in October 2017 were 8.1% higher than…

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September 2017 Real Estate Market Activity

Hurricane Irma hit South Florida on September 11th, and all market activity ceased for the remainder of the month.  Closed Sales and New Pending Sale listings dropped dramatically and were extended to at least October.  While damage to housing was not reported as extensive, widespread tree canopy debris and lack…

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Waterfront Condos With Docks

August 2017 Real Estate Market Activity

The Single Family housing market continues to suffer from a shortage of inventory.  The resulting supply has increased price levels across the county. The overall market statistics above are still somewhat skewed due to the large reductions in foreclosures and short-sale properties in both new listings and closed sales.  Closed…

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April 2017 Broward Real Estate Activity

Another month of activity continues to show overall reductions in Pending and Closed Single Family Home sales, yet increases in Median & Average Sale Prices.  Within 6 months, future overall comparisons to prior year data will be more normalized, as foreclosures and short-sales will be at near the same levels.  Inventory…

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Wilton Manors Real Estate Trends - April 2017

Wilton Manors Real Estate Trends – April 2017

Inventory in Wilton Manors continues to lag behind other surrounding areas.  The higher priced home values result in longer than average times to contract and for the past few months, a buyer’s market exists for single family homes. Price levels, while showing some increase over the past 12 months, are generally…

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Oakland Park Real Estate Trends – April 2017

The above chart show increases in Sales & Pending contracts.  New listings show a sharp drop, primarily due to large number of new listings in March 2017. Prices for Single Family Homes continues to improve showing increases over 2016. Condo sales on the decline, as investor sales continue to represent a…

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Aerial View of Canal Homes

March 2017 Real Estate Market Trends

The single family home market continues to show steady increases in both Median and Average Prices. The continuing reduction in both short-sales & foreclosure properties drastically alters overall results.  When only looking at traditional sales, Closes Sales increased by 19.3% over last year.  Pending Sales (homes that went under contract in…

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Wilton Manors Single Family Pricing - March 2017

Wilton Manors Real Estate – March 2017

Inventory for single-family homes are still at low levels, although demand is still high and edging upward. Pricing for single-family homes in Wilton Manors are increasing but at a slower rate than surrounding neighborhoods.  However, average and median prices are substantially higher in Wilton Manors than for similar sized homes…

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Oakland Park Single Family Inventory - March 2017

Oakland Park Real Estate – March 2017

Trend continues to show higher inventory levels in Oakland Park for single-family homes. Both Average and Median Selling Prices are at higher levels than previous year. Inventory levels for condominiums and townhomes are about the same as in 2016. Prices for condos and townhouses continue in an upward trend, showing…

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Fort Lauderdale River House and New River

Fort Lauderdale Housing Market – February 2017

The drastic reduction in foreclosure & short-sale properties combined with lower inventory continue to drag down the overall single-family home market.  Demand is still strong, resulting in a steady increase in pricing. In February, there were 66% fewer foreclosure sales and 35% less short-sales than last year.  Traditional closings compared…

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