Coral Springs Market Report for Single Family homes sold in June 2012

By
Real Estate Agent with eXp Realty
https://activerain.com/droplet/Fj6

Coral Springs Market Report for Single Family homes sold in June 2012

Take a seat, get comfortable and read below to find out more about what is happening in Coral Springs' home real estate market. If you're selling your home in Coral Springs, you'll find this very valuable.

Coral Springs Market Report for Single Family homes sold in June 2012

School's out and the the home selling market in Coral Springs is bustling. Just look at what happened in June with Coral Springs single family home sales, June sales jumped up 37.50% to 110 homes sold compared to May sales of 80 homes sold which is up too from April's sales. Homes are selling in Coral Springs.

Of these Coral Springs homes that sold below, Sellers who completed a short sale were over 27% which is a increase from last months Short Sales of 22%. REO/Bank owned/Foreclosures sales decreased this month to just under 13% from last month's rate at 18%. This makes it that about a third of the recorded sales were distressed sales this month: those whose homes have been foreclosed on and those that are trying to avoid being foreclosed upon.

As I remind you each month, more homes for Buyers to select from will keep prices down for Sellers and less homes available for Buyers will let home prices rise. This result is reflected in the Absorption Rate.

 Another good month for those selling your home in Coral Springs as the June Absorption Rate came in at 2.48%

Where have the Absorption Rates been over the last several months? May was at 3.59%,April was at 3.53%, March was at 3.57% and February was at 4.83%.  If you're selling your home in Coral Springs, you continue to be thrilled with this trend of less supply to move home selling prices higher.  A lower Absorption rate is welcoming for anyone selling their home in Coral Springs as it tells homeowners that it will take 2.48 months to get their home sold; Buyers are lining up.

Call me and we can go over the absorption rate for your neighborhood.

Sellers want a lower Absorption Rate like this, indicating a greater demand for homes as this shows that there are less homes available for Buyers. Typically, whenever you see a supply of homes that is less than 6 months, it's a "Sellers Market". Continued lower Absorption rates can affect future increases in home prices. We are experiencing a Sellers Market in Coral Springs. Sellers are getting up off their couches to get their homes listed for sale.

Buyers will always beg for a higher Absorption Rate as this means they have more to select from providing Buyers with an increase in opportunities for reduced prices.

Who are the fortunate Sellers in Coral Springs Florida ?

We had several neighorhoods with  heavy selling during June and this month if you were selling your home in North Springs, you were happy with 8 homeowners getting a "SOLD" sign in their front yard. 

Below is how the remaining neighborhoods fared:

 

Carriage Point Estates/Royal Land  3   Coral Springs Country Club  5   Coral Springs   

Coral Springs Lakes 2   Coral Springs University 2   Cypress Glen 6   Cypress Run 5  

Eagle Trace 5 to include Eagle Creek, Eagle Landing, The Fairways and The Hamptons

Forest Hills 2   Heron Bay  3 to include Enclave, Mizner Village and The Falls

Kensington 3   Maplewood  3 to include Maplewood Isles and Maplewood Villas  North Springs

Oakwood 2  Pine Ridge 5   Ramblewood 7   Shadowwood 3   Turtle Run  2   West Glen Manor 2

Venetian Isles/West Shore  2   Westchester  4   Wood Lake  3

 

When you are selling your home in Coral Springs, price points that indicate where homes have sold can be a very effective guide in setting a price for your home. Why you ask?  Well, if you price your home within a certain  price point, you will be able to see how many Buyers are attracted to the price point which affects the outcome of you selling your home. Where do you think your home's value is? If you want to know, please contact me for a complimentary valuation of your home. Pricing your home right at the onset is so important.

During June, Coral Springs home Sellers saw that the median price decreased by just over 4% to $250,000 from $260,500 in May. The median price reflects 50% of homes sold below this price and 50% sold above this price.

Again, remember that these price points can tell you where there are a lot of Buyers looking in a particular range and are willing to pay that price thereby increasing the chance of your home being sold.

Price Range            Quantity

$149,999 or under        12

$150,000 -$199,999     15

$200,000 -$249,999     27

$250,000 -$299,999     18

$300,000 -$349,999     16
 
$350,000 -$399,999     13

$400,000 -$449,999     4

$450,000 -$499,999     3

$500,000 -$549,999     0

$550,000 -$599,999     0

$600,000 -$699,999     1

$700,000 -$799,999     0

$800,000 -$899,999     1

$900,000 -$999,999     0

$1,000,000 or over       0

Total    110

 

The Chart below shows that the majority of homes sold in Coral Springs this month sold within 30 days and within 97.56% of their list price which indicates homes in this group were likely priced right.

Days on The Market before Selling

0-30 Days     31-60 Days     61-90 Days     91-120 Days   120+ Days

No. of Listings       57                   20                    7                     9                17 

Breakdown %      51.82%         18.18%            6.36%             8.18%            15.45%

*Avg % SP/LP     97.56%         96.47%            98.25%           97.05%          96.6%

 

* This row indicates what percentage of the list price that the home sold (sales price) for during June 2012.

 

As your local Coral Springs REALTOR®, I'd be glad to help you determine the best price to help you sell your home here in Coral Springs. Or if you simply have questions about the selling process, please feel free to call me or email. Or if you want to know your home's value, just call me or email me. Call me at 954-464-1100 or email me at LynnP@ImagineYourHouse.com. Talk to you soon.

 
Posted by

Subscribe to My Blog

The more you know,  the better prepared, the better the outcome.

Whether you're Selling your home in Coral Springs or Buying your home in Coral Springs or other Southeast Florida cities from Boca Raton south to Miramar, I promise to be on your side working hard for you as your Coral Springs Realtor and South Florida Realor. Helping homeowners with Coral Springs Real Estate and the Real Estate in surrounding cities such as Coral Springs, Coconut Creek, Parkland, Plantation, Pembroke Pines, Margate, Miramar, Tamarac and Sunrise in Broward county to the cities of Boca Raton, Delray Beach and Boynton Beach in Palm Beach county. 

 As your dedicated Coral Springs Realtor, Short Sale Specialist, Keller Williams South Florida Real Estate Agent, Coral Springs Short Sale Realtor, South Florida Short Sale Realtor and CDPE Certified Distressed Property Expert, I'm ready to work hard for you.

 Real Estate Promises Delivered

I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!

Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor and Coral Springs Short Sale Realtor 

 

Copyright protected. Do Not Copy

  

+LynnPineda

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Florida Broward County Coral Springs
Tags:
coral springs market report
coral springs home sales
coral springs realtor
coral springs median home prices

Spam prevention
Show All Comments
Rainmaker
3,251,902
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Lynn

The June 2012 real estate market report for Coral Springs Florida with a 37% sales increase is looking strong.

Good luck and success.

Lou Ludwig

Jul 21, 2012 12:26 PM #1
Rainmaker
365,288
Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

Thanks Lou! We are very happy here when selling your home in Coral Springs - we're on the right track!

Jul 22, 2012 11:29 AM #2
Ambassador
2,216,058
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

For more information on Coral Springs, Florida area real estate, call Lynn Pineda...your local expert.

Jul 26, 2012 10:45 PM #3
Rainmaker
365,288
Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

Hi Debbie, thank you for your comment - I appreciate it!

Jul 27, 2012 04:52 AM #4
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
365,288

Lynn Pineda

Real Estate Promises delivered in SE Florida
What is your Real Estate question?
*
*
*
*

Additional Information