How are homes selling in Coral Springs?
Find out about the Coral Springs Real Estate Market in this monthly publication on reported home sales in Coral Springs Florida: Coral Springs Real Estate Market Report for Dec 2016. This is the last Real Estate Market report, where I’m reporting on single family home statistics in Coral Springs Florida for the year ending 2016. How were home sales in Coral Spring ending the year out in 2016?
If you’re considering selling a home in Coral Springs in 2017, looking back at 2016 can tell you a lot about the local Coral Springs Real Estate market and where it’s headed. It’s all about:
- The number of homes sold in Coral Springs.
- The median home prices in Coral Springs
- The median square foot prices in Coral Springs
- How many days on the market before homes were selling in Coral Springs?
- The absorption rate (level of inventory) in Coral Springs
- Seller’s Market, Balanced Market or Buyer’s Market.
If you have a particular question about the Coral Springs Real Estate market, be sure to reach out to me via email, phone or text. Or you can contact me here also. If not immediately available, know that I will get back to you before you know any time has lapsed! Selling homes is what I do!
Today’s report is for December 2016. Let’s find out about home sales in Coral Springs.
Home sales during Dec decreased to having sold 107 homes, while the median price also decreased to $368,000; an overall slowing of market, which is typical during the Christmas holiday and fast approaching New Year, yet the market is showing a definitely tightening market.
Coral Springs Real Estate Market Summary for December 2016, in comparison:
Home Prices in Coral Springs – at a glance
|wdt_ID||Market Statistics||Oct 2016||Nov 2016||Dec 2016||Prior Year||Dec 2015|
|1||Median Price||$370,255||$380,000||$368,000||Prior Year||$339,000|
|2||Homes Sold||118||115||107||Prior Year
Per Sq Foot
|4||Absorption Rate||2.21%||2.23%||2.34%||Prior Year||2.64%|
||Seller's Mkt||Seller's Mkt||Prior Year||Seller's Mkt|
|7||Days on the
|50 days||24 days||35 days||Prior Year||31 days|
Inventory Reported in Coral Springs
The supply of homes or inventory level 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 Dec continues at just under 2.34% showing it would take Coral Springs over 2.34 months to sell the current inventory of homes, should no other homes come to market! Homes are needed to buy from Buyers looking to buy a home in Coral Springs.
Are you thinking; “I’m considering selling my home?”
Learn more about home selling tactics
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, I’d be glad to discuss with you in further detail.
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 Dec increased pretty substantially to just under 19% when compared to November’s rate below 9%. However, it is typical to see this at the end of the year as Lenders consider rushing to get the bad debt off their books.
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
Selling a home in Coral Springs had homeowners in the neighborhood of Ramblewood thrilled with having sold 7 homes in the area – coming out of top for Coral Springs home sales. Relocating to Coral Springs – perhaps Ramblewood 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’s algorithm know what’s in the interior of your home or know that you just replaced your roof, added a pool and upgraded your landscaping? Impossible. Now, it’s starting to make more sense, I’m sure.
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 based upon recent, nearby comparable homes that have sold. I have a track record of a high list price to sales price ratios and being spot on in comparison to Real Estate appraisals.
Find out – “how much is my home worth?” Call/Text/Email me for your complimentary analysis of your home’s value.
Also, know that the importance of your home’s initial list price is critical – get it right at the onset.
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 want to buy a home in Coral Springs Florida”. Call/Text Lynn at 954-464-1100 or email Lynn at LynnP@ImagineYourHouse.com
Coral Springs FL Real Estate Market Report for December 2016 written by your top 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 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, Coral Springs, Parkland, Margate, Sunrise, Tamarac, Coconut Creek, Boynton Beach, Delray Beach and surrounding cities within Broward and south Palm Beach counties.