Coral Springs Real Estate Market Report for July 2015

 

Read the most current Coral Springs’ Home Sales Report to see what’s going on in the local, Coral Springs Real Estate market. Here you’ll find the most recent report for July 2015 for single family homes. It’s all about homes for sale in Coral Springs FL and what’s selling when you want to sell a home in Coral Springs or buy a home in Coral Springs.

 

Home Sales in Coral Springs FL July 2015

The report 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. Let’s find out what went on in the Coral Springs Real Estate Market for July 2015.

 

Homes in Coral Springs Florida continued to have increases in home sales prices during July as homes sold faster than compared to last month in June, as you’ll see from the chart below.

 

Coral Springs Real Estate Market Summary for July 2015, in comparison:

 

Home Prices in Coral Springs

 

  Market                  May            June        July                               July

  Statistics               2015          2015        2015                              2014

 

Median Price

$335,100

$355,000

$359,900

prior

year →

$335,000

Median

Price per Sq Ft

$149.60

$152.40

$151.00

prior

year →

$148.50

Median (DOM)

Days on Market

36 days

29 days

25 days

prior year→

32 days

Average Price

$339,136

$366,662

$362,919

prior

year→

$341,587

Average

Price per Sq Ft

$147.80

$151.70

$152.20

prior

year→

$146.10

Average (DOM)

Days on Market

60 days

52 days

46 days

prior

year→

51 days

Homes Sold

117

138

113

prior

year →

116

Absorption

Rate

3.62%

2.96%

3.62%

prior

year →

4.17%

Seller/Balanced/

Buyers

Market **

Seller’s

Market

Seller’s

Market

Seller’s

Market

prior

year →

Seller’s

Market

Distressed

Properties ***

20.51%

15.22%

10.62%

prior

year →

12.93%

 

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 July 2015 continue to showcase a Seller’s Market where home sales prices have increased almost 7.50% since a year ago July, 2014.

 

 

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.  The current Absorption rate reflective of July’s home sales in Coral Springs is 3.20%.

 

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 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 July decreased to 10.62%, which is down from last months at 15.22%:

 

    • Under 4% of market sales were Short Sales during July  

    • Under 8% were REO/Lender/Bank Owned homes during July

 

 

Neighborhoods selling in Coral Springs

 

Homes were selling in the neighborhood of Butler Farms, Chevy Chase, Coral  Creek, Cypress Glen, Cypress Run, Eagle Trace, Heron Bay, Hidden Hammock Estates, Kensington, Maplewood, North Springs, Oakwood, Pine Ridge, Ramblewood, West Glen, Westchester and Wyndham Lakes.

 

This month Pine Ridge were the hot selling neighborhoods having sold 6 homes ! Are you looking to sell a home in Pine Ridge or any of Coral Springs’ other great neighborhoods?! I sell homes fast and for top dollar in Coral Springs. Call me now!

 

Coral Springs luxury home sales were found in the neighborhoods of Eagle Trace, Coral Springs Hills, Heron Bay, Mariners Cove, Venetian Isles.

 

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

 

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

 

$19,000 – $99,000            0

$100,000 -$119,000 0

$120,000 -$139,999       0

   

$140,000 -$159,999         0

$160,000 -$199,999         3

    

$200,000 -$249,999           9

 

$250,000 -$299,999          14

$300,000 -$399,999          50

$400,000 -$499,999          29

$500,000 -$749,999          8

$750,000 -$1million+       0

 

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.  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.

 

Book an appointment now to learn more about the local Coral Springs Real Estate Market when it’s time to sell a home in Coral Springs Florida. Call/Text  Lynn at 954-464-1100 or email Lynn at LynnP@ImagineYourHouse.com

 

 

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.

 

Coral Springs Real Estate Market Report for July 2015 written by your neighborhood Coral Springs Realtor, Lynn Pineda with Keller Williams Realty Coral Springs on Aug 31, 2015. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Coral Springs REALTOR® provided.

 

____________________________________________________________________________

 

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, Tamarac, Coconut Creek, Boynton Beach, Delray Beach, Pompano Beach, Sunrise, Plantation, Ft Lauderdale areas within Broward and Palm Beach counties.

 

Real Estate Market Report written by Lynn Pineda, a licensed Southeast Florida Real Estate Agent, serving Coral Springs Florida and surrounding Southeast Florida.  Keller Williams Coral Springs Realty. Real Estate Promises Delivered.  You can speak with Lynn by calling/texting 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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