Market Trends

Fort Lauderdale Market Trends / Statistics

This page reflects a summary of Ft Lauderdale sales statistics.
I update this annually as I find it a useful tool for both my Gay and LGBT buyers and sellers.

We review condos sales for the period 2006 – 2013 as well as single family home sales for the same periods.

We focus on median prices and discuss unit/home size, features including beds/baths, sales prices, price per square foot and days on market.

It is interesting to review the changes between years and also to see where the market is currently.

Important to note is that both home and condo prices – while recovering and still well down from the highs of 2006/2007.

Note: this page’s charts are ideally suited to devices with larger screens

Condo Sales 2006 – 2013

The data for condos sales for 2006 – 2013 is presented below.

We can see from the graph above the condo market has been steadily recovering since the lows of 2010.

Important to note however is that the median price for a condo was still almost 50% lower than it was in 2006

Median Sales Data
Fort Lauderdale Condos 2006 – 2013

The median sales data for condos is presented below:

#Beds

#FBaths

SF/FF

Sale Price

SP$/SqFt

SP$/LP$

Days on Market

2013

2

2

1,162

$105,750

$87

95.9

39

2012

2

2

1,162

$85,000

$73

95.56

43

2011

2

2

1,166

$73,500

$70

95.31

54

2010

2

2

1,185

$72,100

$74

95.45

49

2009

2

2

1,200

$80,000

$79

93.39

61

2008

2

2

1,260

$135,000

$118

91.71

85

2007

2

2

1,288

$190,000

$169

94.94

84

2006

2

2

1,250

$210,000

$191

97.23

60

We can see from this chart the years, the median: number of bedrooms, bathrooms, square feet and sales price for condos across the years.

We can also see the sales price per square foot, and the percentage of sales price to list price.

This chart also lays out the days on market – which is a very important indicators as it shows how long (based on median data) condos took to sell – this is from the date of listing till the unit was sold AND closed.

Important to note from this report is that:

  • The chart is consistent in the use of 2 bedroom 2 bathroom units as a basis for comparison
  • Units typically range in size between 1160 – 1290 square feet
  • The sales price for condos – based on 2 bedroom 2 bathroom units of between 1160 – 1290 square feet is still down by almost 50% or $100,000 from the highs of 2006
  • Also important to note is that the days on market has fallen from a high of 60 days in 2006 (2 months) to 39 days in 2013 – just over 1 Month. Days on market is a strong indicator of demand.

More on Condo Prices June / July 2014
More on Condos Prices – April / May 2014?

Home Sales 2006 – 2013

The data for home sales for 2006 – 2013 is presented below.

We can see from the graph above the market for homes has been recovering strongly since the lows of 2011.

Again However it is important to note however is that the median price for a home is still over 30% lower than it was in 2006

Median Sales Data
Fort Lauderdale Homes 2006 – 2013

The median sales data for single family homes is presented below:

#Beds

#FBaths

SF/FF

Sale Price

SP$/SqFt

SP$/LP$

Days on Market

2013

3

2

1,849

$251,000

$130

96.8

32

2012

3

2

1,807

$201,000

$109

96.24

43

2011

3

2

1,748

$180,500

$105

95.78

54

2010

3

2

1,689

$190,000

$111

96.06

42

2009

3

2

1,676

$200,000

$114

95.27

58

2008

3

2

1,848

$275,000

$146

94.04

79

2007

3

2

1,842

$353,743

$198

95.79

81

2006

3

2

1,727

$365,000

$217

97.47

60

 

Important to note from this report is that:

  • The chart is consistent in the use of 3 bedroom 2 bathroom homes as a basis for comparison
  • Homes typically range in size between 1670 – 1850 square feet
  • The sales price for homes – based on 3 bedroom 2 bathroom homes of between 1670 – 1850 square feet is still down by over 30% or $114,000 from the highs of 2006
  • Also important to note is that the days on market has fallen by almost 50% from a high of 60 days in 2006 (2 months) to just 32 days in 2013. Days on market is a strong indicator of demand.

More on Home Prices – April / May 2014
Real Estate Trends – Prices Down 20%