Market Report for Coral Springs Home Sales during September 2012

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

Market Report for Coral Springs Home Sales during Sept 2012.


Are you selling your home in Coral Springs? As your Coral Springs Realtor, I've prepared the report here for you; go ahead and review to see what happened with Single Family home sales in Coral Springs, during September 2012.

Market Report for Coral Springs Home Sales during Sept 2012

  • Single Family home sales dropped by roughly 31% this month having sold 81 homes compared to last month's Coral Springs home sales in Aug 2012.
  • Median price decreased this month to $238,000 down over 11% from Aug 2012 rate.
  • Distressed Property Sales increased this month to over 38% compared to Aug 2012 which is reflected likely in the decreased Median Sales price shown this month:
    • Short Sales comprised a 17% decrease from Aug 2012 rate.
    • REO/Bank Owned comprised a 20+% increase which was a significant increase from Aug 2012 rate of 10+%, which likely took its toll on the Median Sales price discussed above.
    • Unfortunately, many of our fellow neighbors in Coral Springs continue to be affected by tough times as they're wanting to sell home as a Short Sale in Coral Springs to avoid being a participant in a Foreclosure.


With the drop in home sales this month of September we’ve seen the Absorption Rates increase to just over 3% which is still favorable for Coral Springs residents looking to sell their homes. Coral Springs needs more Sellers to sell their home to beef up the availability of homes on the market.

Absorption Rates can vary by Neighborhood. Call me at 954-464-1100 and we can go over the absorption rate for your neighborhood so you know what to expect.

Do you live in any of the Coral Springs Florida neighborhoods below?

 

The neighborhoods of North Springs, Ramblewood & Wyndham Lakes all had 5 homes each sold in their neighborhoods during September.

Below are how the remaining neighborhoods fared:


Butler Farms 4 Coral Creek 3 Coral Springs Country Club 4

Forest Hills 2 Heron Bay 2 to include Tuscany & Enclave

Kensington 4 to include Classics, Gardens, Green, & Sanctuary

North Springs 5 Oakwood 2 Pine Ridge 4 Ramblewood 5

Shadowwood 2 Turtle Run 3 West Glen Manor 2

Westchester 3 Woodside Estates/Preserve 2

Wydham Lakes 5 to include Coventry Place, Bay Pointe, Golden Bay and Park Place

Where should you price your home? Consider price points when setting a price to sell your home in Coral Springs, as I discuss each month, 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.

Not sure of where you should price your home; If you want to know, please contact me for a complimentary valuation of your home. As I've said before: Pricing your home right at the onset is so important. 



Price Range           Quantity

$149,999 or under       6

$150,000 -$199,999    15

$200,000 -$249,999    22

$250,000 -$299,999    14

$300,000 -$349,999    11

$350,000 -$399,999    7

$400,000 -$449,999    3

$450,000 -$499,999    2

$500,000 -$549,999    0

$550,000 -$599,999    0

$600,000 -$699,999    1

$700,000 -$799,999    0

$800,000 -$899,999    0

$900,000 -$999,999    0

$1,000,000 or over      0

Total                            81


Days on the Market before Selling


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

No. of Listings      35                   19                  12                     5                  10

Breakdown %      43.21%         23.46%           14.81%            6.17%          12.35%

Avg % SP/LP*      97.98%        93.48%           96.12%          95.89%           95.27%

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


As your local Coral Springs REALTOR®, I'd be glad to help you sell your home 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.

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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 

 

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