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How are homes selling in Coral Springs?

 

Find out about the Coral Springs Real Estate Market in this monthly publication, Coral Springs Real Estate Market Report, on home sales in Coral Springs Florida. This Real Estate report will help you, whether you want to sell a home in Coral Springs or buy a home in Coral Springs. It’s all about the statistics; number of homes sold, median home prices, median square foot prices, days on the market, absorption rates and type of Real Estate market.

 

Today’s report is for Aug 2016. Let’s find out about home sales in Coral Springs.

Home Prices in Coral Springs Florida

Home sales during Aug decreased ever so slightly to 143 homes sold, compared to 153 homes sold during the month of July.  While July and August home sales in Coral Springs were down from June’s rate of 180 homes sold, there are now less homes for sale in Coral Springs to coordinate with the decrease in number of homes sold. These numbers still result in Coral Springs’ Real Estate market being a strong Seller’s Marker as further discussed below.

 

Coral Springs Real Estate Market Summary for Aug 2016, in comparison:

 

Home Prices in Coral Springs Aug 2016



What does it all mean to you if you’re selling a home in Coral Springs or buying a home in Coral Springs? What are the Coral Springs Real Estate trends here in Southeast Florida? Where is the local Coral Springs Real Estate Market headed?

 

Inventory Reported in Coral Springs

 

The supply of homes describes Absorption rates; 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 Aug is 2.00%, a further decrease from July, which puts Coral Springs’ Real Estate market in a hot Seller’s Market as homes are difficult to come by for those Buyers wanting to buy a home in Coral Springs.

 

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 for a number of reasons.

 

Call me/text me now or email 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 Aug showed an increased due to more homes that were foreclosed upon. The overall distressed rate during Aug was at just under 13%, where Short Sales accounted for under 3% and REO accounted for just under 13%.

 

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

 

Buyers flocked to Cypress Glen during August with 11 homes being sold in the Cypress Glen neighborhood, making it the top selling neighborhood in Coral Springs this month. Moving to Coral Springs? Perhaps Cypress Glen is right for you too!

 

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

 

Where does your home fit in, do you know? At what price point should you price your home? First you’re asking, “how much is my home worth” and just how do we do it. Call for your complimentary analysis of your home’s value.

More about selling your home 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. I have a track record of high list price to sales price ratios.  Here I discuss the importance of your home’s initial list price. Call me or email me to find out your home’s value in Coral Springs Florida.

 

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 Real Estate Market Report for Aug 2016 written by your neighborhood Coral Springs Realtor, Lynn Pineda with Keller Williams Realty Coral Springs. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Top Coral Springs REALTOR® provided. Real Estate Promises Delivered.

To Catch up on past Coral Springs Real Esate Market Reports: find back publications of Coral Springs Real Estate Market Reports

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

 


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Showing 2 comments
  • Joyce
    Reply

    Thanks a bunch. I really found your article very helpful to better understand the Coral Springs local real estate market. I was not sure where to start my research but after reading the information you have here Coral Springs has made it onto our list of possible cities.

    Thanks

    • Lynn Pineda
      Reply

      Thanks Joyce! Glad to hear Coral Springs made the list!

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