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Coral Springs FL Real Estate Market Report September 2014

 

Real Estate Market Statistics for Coral Springs, FL provided by Lynn Pineda, your Coral Springs REALTOR® with Keller Williams Realty. If you want to know what’s happening in the Coral Springs Real Estate market and if you’re thinking; “I want to sell my Coral Springs home”, read more below about Coral Springs Real Estate single family home sales in the Coral Springs FL Real Estate Market Report.

 

Coral Springs FL Real Estate Market Report Statistics

Activity for Single Family Homes for sale in Coral Springs is reflected in this report put out each month to report on the local Coral Springs Real Estate Market.  This details local market statistics for single family home sale activity in Coral Springs Florida. It details current inventory of homes, median prices, price per square foot, days on the market, absorption rates, distressed properties, type of market and top selling neighborhoods in Coral Springs.

 

Coral Springs FL Real Estate Market Summary for Sept 2014, in comparison:

 

Coral Springs Home Prices

 

 

  Market                  July            Aug            Sept                 Sept

  Statistics               2014          2014           2014                2013

 

Median Price

$335,000

$342,000

$345,500

prior

year →

$322,450

Price per Sq Ft

$148.50

$146.10

$145.10

prior

year →

$139.00

Homes Sold

116

104

103

prior

year →

120

Days on the Market

32 days

41 days

37 days

prior

year →

21 days

Absorption

Rate *

4.17%

4.53%

4.30%

prior

year →

2.45%

Seller or

Buyers

Market **

Seller’s

Market

Seller’s

Market

Seller’s

Market

prior

year →

Seller’s

Market

Distressed

Properties ***

12.93%

13.59%

18.45%

prior

year →

18%

 

What does it all mean to you? What are the Coral Springs FL Real Estate trends? Where is our local Real Estate Market headed?

 

Homes for sale in Coral Springs during September 2014 showed another decrease in the number of homes sold as has been the trend along with another slight increase in the median sales price.  Stabilization of inventory and days on the market continues this month and remains comparable to the past several months as homes aren’t selling at a rapid pace as is apparent when compared to a year ago September 2013. As we must be aware of, that any concern of a rise in interest rates will further add to the slowing down of Buyers entering the home buying Real Estate market lessening the number of homes sold. As we continue to inch toward a Buyer’s Market, we still however remain in a Seller’s market, nearing a crossover. This supply of homes describes Absorption* rates; how many homes are available for sale to meet the demand of Buyers.  The current Absorption rate is 4.30% which is a slight decrease this month. This shows that if no other homes were to enter the market for sale, it would take just over 4 months to sell the current inventory. The strong demand from Buyers of homes for sale in Coral Springs Florida, have decreased. You can clearly see the Real Estate Market change when you compare this month’s to a year ago Sept 2013.  The calm in the market continues in Coral Spring as we near a changing market.

 

 

As I routinely report on, 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. 5 to 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.  When selling a home, it’s important to know your neighborhood absorption rate.  Call me and I can tell you your local neighborhood 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) during Sept had increased to over 18% as compared to August reported distressed property home sales at just over 13%:

 

    • (7) 6.80% of market sales were Short Sales during Sept   

    • (12) 11.65% were REO/Lender/Bank Owned homes

 

 

What Coral Springs neighborhoods are selling?

 

Coral Springs home sales in the subdivisions of Brookside, Butler Farms, Coral Springs Country Club, Coral Creek, Cypress Glen, Cypress Run, Eagle Trace, Forest Hills, Glenwood, Hidden Hammocks, Heron Bay, Kensington, Maplewood,  Oakwood, Pine Ridge, Ramblewood, Shadowwood and Wyndham Lakes is where most homes were selling during Sept 2014 with Wyndham Lakes neighborhood leading the pack this month with having sold 9 homes!

 

Coral Springs luxury home sales were found in The subdivisions of Eagle Trace, Heron Bay, The Isles East, Mariners Cove, Isles East, West shore,  Whispering Woods and Wyndham Lakes (Bay Pointe) sold luxury homes in their neighborhoods.

 

Do you want to find out more about your neighborhood and it’s homes sales? Call me at 954-464-100 or email me: LynnP@ImagineYourHouse.com

 

Below you’ll see at what price homes are selling for here in Coral Springs. Not only does this let you know the most common price range for homes selling in Coral Springs, but it also lets you know optimum points in which to price your home for sale.  Why are price points important, you ask?  Paying attention to the price points allows you the most success to sell your home.  Where does your home fit in, do you know? First you’re asking, “how much is my home worth” and just how do we do it?

 

Price Range         Quantity

 

$139,999 -$199,999           2

$200,000 -$249,999   7

$250,000 -$299,999   22

$300,000 -$399,999   42

$400,000 -$499,999            20

$500,000 -$749,999            8

$750,000 -$1million+          1

 

More about home selling in Coral Springs

 

Do you want an accurate Real Estate market value of your home in Coral Springs? I can tell you what your home is worth in today’s South Florida Real Estate Market. 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.  Pricing your home high and then having to reduce the price because your home isn’t selling will result in you receiving less money for your home, than had you priced it right to begin with.  I can tell you why this is true.  Call me or email me to find out your home’s value in Coral Springs Florida.

 

As your trusted, local Coral Springs Real Estate Agent, I’d be glad to help you sell your home in Coral Springs. Or if you simply have questions about the home selling process or home buying process in Coral Springs, please feel free to call me or email. Call me at 954-464-1100 or email me at LynnP@ImagineYourHouse.com.

 

Coral Springs FL Real Estate Home Sales Market Report for September 2014 written by Coral Springs Realtor Lynn Pineda with Keller Williams Realty Coral Springs on Oct 31, 2014. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Coral Springs REALTOR® provided.

 

___________________________________________________________________________

 

Lynn hopes you enjoyed the most recent report on Coral Springs Home sales. You’ll find Lynn selling homes in Southeast Florida in the cities of Coral Springs, Parkland, Margate, Tamarac, Coconut Creek, Boynton Beach, Delray Beach, Boca Raton, Sunrise, Plantation, Ft Lauderdale, Pembroke Pines and Miramar areas within Broward and Palm Beach counties.

 

Real Estate article written by Lynn Pineda, a licensed Southeast Florida Real Estate Agent for 9 years serving Coral Springs Florida and surrounding Southeast Florida.  Keller Williams Coral Springs Realty. Real Estate Promises Delivered.  You can speak with Lynn by calling her at 954-464-1100 or you can email her at: LynnP@ImagineYourHouse.com if you need to sell or buy your Southeast Florida home. Your local, trusted professional when it’s time to sell your home.

 

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