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Elliman Report: Fort Lauderdale Sales 1Q 2013

CONDO Median sales price increased by 12.1% to $212,900 from the same time last year. Average sales price and price per square foot both increased by 16.5% and 13% respectively over the same period. These gains outpaced the modest 3.1% increase in average size of a sold property to 1,411 square feet.

SINGLE FAMILY Median sales price edged 2.2% higher to $224,900 compared to the prior year quarter. Average sales price fell 3.6% and average price per square foot increased 8.8% over the same period. The average size of a sold property was 1,777 square feet, down 11.4% from the same period last year. There were 435 sales, 6.9% more than in the prior year quarter…

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