How are homes selling in Coral Springs?
The start of the New Year 2017 – Reported Home sales in Coral Springs Florida
Find out about the Coral Springs FL Real Estate Market in this monthly publication on single family home sales in Coral Springs Florida. It’s 2017 and the first month of recorded home sales is ready to be published. Discover all there is to know about Coral Springs’ Real Estate market.
What will you learn?
- Number of homes sold in Coral Springs.
- The median home sale price in Coral Springs
- The median square foot price in Coral Springs
- The days on the market (DOM) before homes were selling in Coral Springs
- The absorption rate (level of inventory) in Coral Springs
- Is it a Seller’s Market, Balanced Market or Buyer’s Market in Coral Springs?
Today’s report is for January 2017. Let’s find out about home sales in Coral Springs. The particulars:
Home sales during January revealed 65 homes having sold; a drop from December 2016, with a median sales price of $373,000.
Coral Springs Real Estate Market Summary
|wdt_ID||Market Stats||Median Sales Price||Median Sales Price||Sq Ft Price||Homes Sold||DOM||Distressed||Supply|
|1||Oct 2016||$370,255||$370,255||$157.90||118||50 days||13.56%||2.21|
|2||Nov 2016||$380,000||$380,000||$164.20||115||24 days||9%||2.23|
|3||Dec 2016||$368,000||$368,000||$162.00||107||35 days||18.69%||2.34|
|4||Jan 2017||$373,000||$373,000||$159.50||65||23 days||17%||2.70|
Inventory of Homes Reported in Coral Springs
The supply of homes and inventory level describes Absorption rates; it will tell you how many homes are available for sale to meet the demand of Buyers. It illustrates how many months it would take to sell the current inventory of homes for sale should no other homes hit the market for sale in Coral Springs based upon prior month home sales.
The current absorption rate for January is at 2.70 showing it would take Coral Springs just under 3 months to sell the current inventory of homes, should no other homes come to market! We’re still experiencing a Seller’s market, yet not at the same intensity as on display in 2016. Are we making a move to a more balanced market? Time will tell with any further interest rate increases and decreases in buyer affordability.
Are you thinking; “I’m considering selling my home?” Learn more about home selling tactics and what works.
Absorption rates will determine whether we’re in a Seller’s, Buyer’s or Balanced/Stable market**. Typically, less than 6 months of inventory is a Seller’s Market. 6 months of inventory is a Balanced/Stable market and over 6 months supply of homes reflects a Buyer’s market. The absorption rate I report here is for all of Coral Springs, however, keep in mind that absorption rates can vary by neighborhood and will vary by city also. When selling a home, it’s important to know your neighborhood absorption rate in order to best position your home for a fast sale for top dollar.
Call me/text me now or email me, and I can tell you your local neighborhood absorption rate so you know how to best position your Coral Springs home for sale.
Distressed Property Sales (includes Short Sales and REO/Lender/Bank owned). The overall distressed rate during January was just under 17 % when compared to a year ago January 2016’s rate of 27%. A year over welcomed signed of less distressed homeowners.
If you’re a distressed homeowner and foreclosure seems to be closing in on you, Find out how to avoid it.
Neighborhoods selling in Coral Springs
Relocating to Coral Springs – perhaps or any of these other neighborhoods would be the perfect spot for you to call home.
More about selling your home in Coral Springs
Do you want to know the value of your home in Coral Springs? Have you been looking at common Real Estate website portals such as Zillow, Trulia and more to determine your home’s value? Stop. These websites prove to be grossly inaccurate. When you really think about it, how can a website algorithm know what’s in the interior of your home or know that you just replaced your roof, added a pool and upgraded your Kitchen and Bathrooms plus spruced up your landscaping? Impossible. Now, it’s starting to make more sense, I’m sure. Don’t rely on a website to provide you with your home’s value. Trust a Realtor who specializes in the the area of Coral Springs Florida as I do, a top Coral Springs Realtor.
I can tell you what your home is worth in today’s South Florida Real Estate Market after speaking with you. My recommended price will be based upon my Real Estate experience and skill in setting accurate home selling prices so you can actually sell your home. I have a track record of high list price to sales price ratios and being spot on in comparison to Real Estate appraisals.
Book an appointment now to learn more about the local Coral Springs Real Estate Market or when you’re thinking; “I need to sell my home in Coral Springs” or “I need to buy a home in Coral Springs”. Call/Text Lynn at 954-464-1100 or email Lynn at LynnP@ImagineYourHouse.com
Coral Springs FL Real Estate Market Report for January 2017 written by your neighborhood Coral Springs Realtor, Lynn Pineda as your Keller Williams Coral Springs Realtor. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Top Coral Springs REALTOR® provided. Real Estate Agent delivering on promises.
Lynn hopes you enjoyed the most recent report on homes selling in Coral Springs. You’ll also find Lynn selling homes in Southeast Florida in the cities of Boca Raton, Parkland, Margate, Sunrise, Tamarac, Coconut Creek, Boynton Beach, Delray Beach and surrounding cities within Broward and south Palm Beach counties.