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Broward Real Estate Market Report- October 2008

By
Real Estate Agent with Coldwell Banker Realty
Broward Real Estate Market Report- July 2008

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

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

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.

I gather information that I provide about homes sold in Broward County from the S.E. Florida MLS and the following information is current as of today, November 8, 2008 (as this is the first week of the month, additional Home sales will typically be recorded within the next couple of weeks).  

During the month of October, 2008, there were 791 Single Family Homes SOLD in Broward County (they were sold at final sales prices between $27,000 and $4,500,000).  Of the 791 Single Family Homes SOLD in Broward County in October 2008 (The “Sold” prices below mean the final sale price, NOT the listing price at the time of the sale):

370 sold under $250,000  View their pictures and details here
324 sold between $250,000 and $499,999  
View their pictures and details here
78 sold between $500,000 and $999,999   
View their pictures and details here
19 sold at $1,000,000 and above   
View their pictures and details here 

Note:  If you are reading this report and the MLS generated links to view the sold homes have expired, please e-mail me and I will generate new links and send them to you (the links do not stay active indefinitely).

Sales volume has nearly doubled since the beginning of the year.  Review the stats for this year in the following Table:

Single Family Homes Sold in Broward County
Purchase Prices are Indicated Below, NOT List Prices

Total # of Homes Sold

Highest Sale Price

Lowest Sale Price

Average Sale Price

October, 2008 795 $4,500,000 $27,000 $325,321
September, 2008 829 $9,000,000 $31,150 $354,757
August, 2008 841 $4,000,000 $41,000 $349,553
July, 2008 804 $2,710,000 $30,000 $359,426
June, 2008 864 $3,650,000 $42,000 $387,556

May, 2008

711 $15,500,000 $44,000 $397,337

April, 2008

712 $13,500,000 $27,000 $396,207

March, 2008

605 $6,450,000 $65,000 $432,588

February, 2008

496 $4,000,000 $55,000 $409,068

January, 2008

436 $9,900,000 $80,000 $443,448

There are currently 16,059 Single Family Homes for Sale in Broward County.

Of the 16,059 Single Family Homes currently listed for Sale in Broward County:

6,375 are priced under $250,000  Search Broward Homes for Sale under $250,000
6,129 are priced between $250,000 and $499,999  Search Broward Homes for Sale under $500,000
2,225 are priced between $500,000 and $999,999   Search Broward Homes for Sale under 1 Million
1,300 are priced at $1,000,000 and above with the highest priced at $28,500,000, a Single Family Home for Sale in Rio Vista Isles with 11 Bedrooms, 12 Full Bathrooms, and 5 Half Bathrooms
Search Broward Luxury Homes for Sale and Broward Million Dollar Homes for Sale


There are 1,686 PENDING Sales of Single Family Homes in Broward County (priced between $34,900 and $5,500,000). “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 October, 2008, there were 732 Condos, Townhouses, Villas and Coops SOLD in Broward County as follows:

479 were sold under $150,000  View them here
163 were sold between $150,000 and $249,999  View them here
63 were sold between $250,000 and $499,999  View them here
23 were sold between $500,000 and $999,999   View them here

4 were sold at $1,000,000 and above    View them here

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

There are currently 21,171 Condos, Townhouses, and Coops for Sale in Broward County. 

9,542 are priced under $150,000
5,810 are priced between $150,000 and $249,999
3,803 are priced between $250,000 and $499,999
1,377 are priced between $500,000 and $999,999
639 are priced at $1,000,000 and above with the highest priced at $10,000,000.  
The $10,000,000 Unit is a Las Olas River House Condo for Sale featuring 3 Bedrooms, 4 Full Baths, and 2 Half baths in 8,300 square feet with beautiful Riverfront views.

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

There are 1,393 PENDING sales of Condos, Townhouses, and Coops in Broward County (priced between $14,500 and $1,950,000).  The $1,950,000 Condo is located in Palermo Yacht Club, a Waterfront, Luxury, Tri-Level Townhouse Community of 7 Townhomes offering Deeded Docks with each Townhome (located in Nurmi Isles in Ft. Lauderdale).

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, 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
1700 E. Las Olas Blvd., Suite 103
Ft. Lauderdale, FL  33301
Cell:  (954) 708-9309
vickie@vickierealestate.com  
Fort Lauderdale Homes for Sale

Contact me if you're interested in  Ft. Lauderdale Real Estate for Sale, Broward County Real Estate for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos for Sale, Homes for Sale near Ft. Lauderdale Beach, 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 for Sale, Palm Beach Waterfront Condos, Ft. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront CondosFt. Lauderdale Waterfront Homes for Sale, or Ft. Lauderdale Waterfront Foreclosures

I am available to assist you or someone you know with:

  • Home Purchases and Home Sales
  • Home Rentals
  • Refinancing resources
  • Ft. Lauderdale Luxury Real Estate Services
  • Corporate Relocation & Home Purchases or Rentals in South Florida
  • Florida Professional Athlete Relocation & Home Purchases or Rentals
  • Relocation home purchases locally or if you are purchasing outside of Florida or outside of our local area in Florida, I can refer you to an Agent to assist you with your home purchase in the area where you're moving, including International areas
  • Investment property purchases  
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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Palm Beach Waterfront Condo for Rent (Seasonal/Vacation Rental)
Tamarac Townhouse for Sale

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Related Articles of Interest:
Ft. Lauderdale Waterfront Foreclosures 
Ft. Lauderdale Waterfront Short Sales
Ft. Lauderdale Short Sales

Robert Vegas Bob Swetz
Las Vegas, NV

Vickie - Thank you for all the figures and URLs to check out. I will do it when I get some free time and have a great weekend!

Nov 08, 2008 05:13 PM
Abiud "Abi" Montes
EWM Realtors - Fort Lauderdale, FL

Vickie it was great to see you at office and your info is top Notch.  Thank you for the great Blog and Happy Thanksgiving.

Nov 23, 2008 03:24 AM
Katerina Gasset
The Gasset Group & Get It Done For Me Virtual Services - Provo, UT
Amplify Your Real Estate & Life Dreams!

Vickie- Happy Thanksgiving! I like how you explain your market report, top notch!

Nov 23, 2008 12:44 PM
Robert Vegas Bob Swetz
Las Vegas, NV

Great information!

"Happy Thanksgiving Vickie to you and your family"

Nov 26, 2008 09:00 AM
Vickie Arcuri
Coldwell Banker Realty - Fort Lauderdale, FL
South Florida Luxury Real Estate

Robert, thanks for viewing my Market report and thanks in advance for reviewing the links! Belated Happy Thanksgiving to you!

Hello Abi, it was great seeing you too...thanks for reading and I hope you and your family had a great Thanksgiving!

Katerina, thanks SO much!!!  Hope to meet you soon and I'm sure you enjoyed a fabulous Thanksgiving with your family!

 

Nov 28, 2008 09:53 AM