The Broward Home Stats for Feb 2011 are in!

The numbers are in for Broward county single family homes (not including condos or townhomes) that were sold in Feb 2011! There’s a few charts (below) I’ve attached so you can see the info for yourselves.

Keep in mind this is for ALL single family homes in Broward including short sales, foreclosures, & conventional sales (homeowner to buyer transactions).

 

A few things that stuck out to me are:

 

  • Average Days on Market for homes were about 104 days. (This number may vary greatly if you drill down to certain cities or price ranges)

 

  • About 44% of the homes sold are under $150K which is up from 36% in January 2011! Out of 919 total sales 405 were priced under $150K and 116 were between $150K and $200K. This does NOT include condos either!

Broward Market Update for 1/2011

broward county property informationThe numbers are in for Broward county single family homes that were listed, sold, or under contract in the first month of 2011! There’s a few charts I’ve attached so you can see the info for yourselves.

 Keep in mind this is for ALL single family homes in Broward including short sales, foreclosures, & conventional sales (homeowner to buyer transactions).

 

A few things that stuck out to me are:

 

  • Average Days on Market for homes ranges from 3 1/2 to 4 1/2 months currently. (This number may vary greatly if you drill down to  certain cities or price ranges)

 

  • About 36% of the homes on the market, under contract, or sold are under $150K! This does NOT include condos either!

2010 Broward single family home stats

The Numbers Are In!…….

Check out the Stats for Single family homes in Broward county between Dec 2009 and Dec 2010. I have several Charts below you can see if you’re interested. Pretty interesting stuff (if you’re into this kind of information). A few of the key points I noticed were:

1) The number of properties that were “under contract” increased.

2) New inventory seemed to dwindle toward the end of 2010

3) The total number of homes for sale remained pretty much the same through the entire year (even in light of #2 above)

4) Home sales also slowed down toward the end of 2010 (December is typically slow).

5)The Average Days on Market for homes that sold/under contract was pretty stable throughout the year at approx 101 days on market. They did rise slightly at the end of the year. 

(Click to enlarge)

FL condos hit hard spell pain and opportunity

After showing, selling, evaluating, and previewing hundreds of properties (either in person or online) I’ve witnessed FL condos take a HUGE loss in value over the past few years. That spells good news AND bad news depending on who you are. If you own a FL condo and bought it prior to 2009 then it’s probably bad news, but if you are looking to pick these properties up for a significant discount then this is definitely good news. There’s a few things that both sellers/condo owners, and buyers need to keep in mind…

. Coral Shores Realty's Dustin Miller 6876 West Sample Road, Coral Springs, FL 33067-4283 (954) 907-4773 Realtors Coral Springs Locations Real Estate Directory