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Elliman Report: Fort Lauderdale Sales 2Q 2013

CONDO/TOWNHOUSE Median sales price rose 19.6% to $250,000 over the same period last year. Average sales price and average price per square foot increased 11.7% and 15.6% respectively over the same period. Market share for purchases financed by mortgages increased by 1.1% to 26.1%, the highest share in over a year. Cash purchases still dominated with a 72% market share…

SINGLE FAMILY There were 543 sales in the second quarter, 22.6% more than during the prior year quarter. All price indicators posted doubledigit gains even though the average sales size fell 2.7% to 1,936 over the same period. Median sales price surged by 25.5% to $269,900 from the prior year quarter…

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