Coral Springs FL Real Estate Market Report for December 2012
Coral Springs Home Prices
The year ending December 2012 ended on a favorable note if you’re selling your home in Coral Springs Florida, reflecting an almost 16% increase in the median sales price from a year ago December 2011. It also took homeowners less time to get their homes sold this month than from a year ago, taking 37 days on the market compared to almost 59 days last year.
Coral Springs Real Estate Report Market Summary
- Single Family home sales increased by over 20% this month having sold 95 homes compared to last month’s November Coral Springs home sales of 79 homes sold.
- Median price remained steady this month at $289,000.
- Distressed Property Sales increased this month to over 42% compared to November’s 2012 rate of over 36%. Were Lenders trying to move their bad debt to finish in 2012, perhaps?:
- Short Sales were just over 23% of market sales and
- REO/Bank Owned were just over 18%
- Distressed Sales have continued to haunt many Coral Springs homeowners maintaining 42% of December’s home sales which is up from a year ago December 2011, where just over 40% were distressed sales.
The inventory of homes decreased again during December compared to November’s Absorption Rates of 2.77% to 2.05%; This means that with the current inventory level of homes on the market for sale in Coral Springs, that it will take just over 2 months for the homes to sell; that’s fast. Buyers want homes to buy in Coral Springs! If you want to sell your home in Coral Springs, call me and I can tell you how I’ll get your home sold fast and for top dollar.
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 Coral Springs Country Club, North Springs, Pine Ridge and Ramblewood sold in great numbers during December.
Luxury neighborhoods of Eagle Trace, Coral Creek/Grand Reserve, Kensington, Maplewood Isles, Park Place/Wyndham Lakes, The Isles and Venetian Isles sold luxury homes in their communities.
If you don’t see your neighborhood listed here and want to find out more about selling in your neighborhood, feel free to call me.
What price will your home sell for? Look below to see at what price did homes sell in Coral Springs during December. 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. For example, from the list below, if your homes value was near the $349,999 point and you were to price your home at $349,999 and below, you’d be reaching a much larger pool of Buyers, as you can see, compared to if you priced your home at $350,000.
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 2
$150,000 -$199,999 8
$200,000 -$249,999 20
$250,000 -$299,999 21
$300,000 -$349,999 23
$350,000 -$399,999 8
$400,000 -$449,999 8
$450,000 -$499,999 0
$500,000 -$549,999 1
$550,000 -$599,999 1
$600,000 -$699,999 3
$700,000 -$799,999 0
$800,000 -$899,999 0
$900,000 -$999,999 0
$1,000,000 or over 0
Total Homes Sold 95
Days on the Market before Selling
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 41 18 13 3 20
Breakdown % 43.16% 18.95% 13.68% 3.16% 21.05%
Avg % SP/LP 98.75% 96.91% 98.34% 95.99% 94.14%
* This row indicates what percentage of the list price that the home sold (sales price) for during Dec 2012.
More about homes in Coral Springs
To find out your home’s value and to request a CMA for your home in Coral Springs, call me, email me or click here: Find out my Home’s Value in Coral Springs Florida
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 and home prices in Coral Springs, please feel free to call me or email. Call me at 954-464-1100 or email me at LynnP@ImagineYourHouse.com.