Broward Real Estate Market Report

December 2008 Broward County Market Report (December 1, 2008 - December 31, 2008)

Wondering what's selling in Broward? How many Homes Sold in Broward?  How many Homes sold in Broward in December?  How many homes sold in Ft. Lauderdale and other Broward cities? Looking for a monthly Broward Real Estate Market Report?

Sales volume has increased and Inventory is decreasing significantly, so our Real Estate market appears to be heading in a more healthy direction after starting its' decline 3 years ago.  December, 2008 had the highest number of sales of any month in 2008.  949 Single Family Homes sold in Broward in December of 2008 vs. 546 Single Family Homes sold in Broward in December of 2007. 

Broward County is located between Palm Beach County and Dade County (the Miami area).  The majority of Southeast Florida includes the Tri-County area of Broward, Palm Beach, and Dade County.

When considering buying or selling a Home, it is important that you're familiar with REAL data/facts about homes sold (NOT rumors about how many homes are selling, which homes sold, and what they're selling for). When you're ready to place an Offer to purchase a home, this data also assists you with making an Offer that's based in reality, an Offer that's more likely to be accepted.

During the month of December, 2008, there were 949 Single Family Homes SOLD in Broward County (they were sold at final sales prices between $17,500 and $3,960,000).  Of the 949 Single Family Homes SOLD in Broward County in December 2008 (The "Sold" prices below mean the final sale price, NOT the listing price at the time of the sale):

550 sold under $250,000  View them here
312 sold between $250,000 and $499,999   View them here
63 sold between $500,000 and $999,999    View them here
24 sold at $1,000,000 and above   View them here

Review Sales Stats for Single Family Homes for 12/1/07 - 12/31/08:

There are currently 14,248 Single Family Homes for Sale in Broward County.

Of the 14,248 Single Family Homes for Sale in Broward County:

6,079 are priced under $250,000  Search Broward Homes for Sale under $250,000
4,999 are priced between $250,000 and $499,999  Search Broward Homes for Sale under $500,000
1,922 are priced between $500,000 and $999,999   Search Broward Homes for Sale under 1 Million
1,248 are priced at $1,000,000 and above with the highest priced at $42,000,000, an Oceanfront Home for Sale in Hillsboro Beach on Hillsboro Mile with 
7 Bedrooms, 7 Full Baths, and 3 Half Baths in 19,296 Square Feet of living area.
Search Broward Luxury Homes for Sale and Broward Million Dollar Homes for Sale

There are 1,895 PENDING Sales of Single Family Homes in Broward County (priced between $19,900 and $7,495,000). "Pending" means that a Buyer submitted an Offer to the Seller, the Seller accepted the Offer, and there is now a Contract for the Sale of the Home.  "Pending" means the sale of the home is not final yet because many items still have to be completed before the home is actually sold (examples include, but aren't limited to, Home Inspection, Home Appraisal, Lender Approval of the Offer, Title Search, Securing a Home Loan, Building Completion, etc.)

During the month of December, 2008, there were 837 Condos, Townhouses, Villas and Coops SOLD in Broward County as follows:

593 were sold under $150,000 
153 were sold between $150,000 and $249,999 
63 were sold between $250,000 and $499,999  
22 were sold between $500,000 and $999,999  
6 were sold at $1,000,000 and above   

So, there are more Single Family Homes being sold than Condos, Townhouses, Villas, and Coops combined.  

There are currently 19,667 Condos, Townhouses, and Coops for Sale in Broward County. 

9,883 are priced under $150,000
4,617 are priced between $150,000 and $249,999
3,342 are priced between $250,000 and $499,999
1,267 are priced between $500,000 and $999,999
558 are priced at $1,000,000 and above with the highest priced at $15,000,000.  The $15,000,000 Unit is a Ritz Carlton Condo for Sale featuring 4 Bedrooms, 4 Full Baths, and 3 Half baths in 10,018 Square Feet of living area, encompassing the entire top 2 Floors of the Ritz Carlton (Floors 24 and 25) with beautiful Oceanfront views.

Click to search Broward Condos, Townhouses, and Villas for Sale 

There are 1,769 PENDING sales of Condos, Townhouses, and Coops in Broward County (priced between $11,400 and $2,250,000).  

Please keep in mind that my monthly Reports present information related to active and sold listings of Single Family Homes, Condos, Coops, Villas, and Townhouses ONLY, however, these sales and listings are in no way inclusive of the ENTIRE Real Estate Market as there are Commercial Properties and Businesses that are sold, as well as Vacant Lots and Land, Docks, and multi-family dwellings (such as Duplexes, Triplexes, Fourplexes, and Apartment buildings).

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Vickie Arcuri, Realtor^®
EWM Realtors, Inc.
1700 E. Las Olas Blvd.
Ft. Lauderdale, FL  33301
Phone:  (954) 708-9309
Fax:  (954) 414-0492
Vickie@vickierealestate.com
South Florida Waterfront Homes

Contact me if you're interested in South Florida Real Estate,  Ft. Lauderdale Real Estate, Las Olas Condos for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos,  Broward Luxury Homes for sale, Ft. Lauderdale Luxury Condos, Broward Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate,  Ft. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront Condos, Ft. Lauderdale Waterfront Homes,  Ft. Lauderdale Waterfront Foreclosures, Ft. Lauderdale Oceanfront Homes, South Florida Waterfront Homes, Palm Beach Waterfront Homes,  Manalapan Homes, Hillsboro Beach Homes, South Florida Oceanfront Homes, or Miami Waterfront Homes.

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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Tamarac Townhouse for Sale