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[Full Frontal Waterfront] 2Q 2012 Fort Lauderdale Report

[1]

We published our inaugural report on the Fort Lauderdale, Florida sales market for 2Q 2012 [1].   This is part of an evolving market report series I’ve been writing for Douglas Elliman [2] since 1994.

Key Points

Fort Lauderdale, Florida

-Overall and luxury price indicators for condo and single family properties saw double-digit increases from prior year.
-Condo and single family sales were below year ago levels but were both the 5th highest quarterly total in more than 6 years.
-Waterfront homes were the only segment to post a year over year increase in sales.
-Days on market fell from year ago levels for both condos, single family and luxury properties.

Here’s an excerpt from the report:

CONDO/TOWNHOUSE Median sales price was up 21.2% to $209,000, from $172,440 in the prior year quarter. Average sales price and price per square foot showed similar double-digit gains over the same period. The number of sales declined 7.7% to 608 from 659 in the prior year quarter. With 1,035 listings at the end of the second quarter, the 5.1-month absorption rate was considered tight for the region…

SINGLE FAMILY Listing discount fell to 5.7% from 7.4% in the same period last year. Days on market was 113, 18 days faster than in the same period last year. There were 745 listings and as a result, the absorption rate was 5 months, considered fast relative to other markets in the region…

You can build your own custom data tables [3] on the market – now updated with 2Q 12 data. We’ll be adding a chart library for this market area soon!




The Elliman Report: 2Q 2012 Fort Lauderdale [Miller Samuel [4]]
The Elliman Report: 2Q 2012 Fort Lauderdale [Douglas Elliman [1]]
Aggregated Custom Market Data Tables [Miller Samuel [3]]