Share the knowledge!
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  

Coral Springs Real Estate Market Report for Oct 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 Oct 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 Florida

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 Oct 2015.

 

The Coral Springs Real Estate market wasn’t spooked at all during October, as home sales continued at a brisk pace with home sale prices increasing. Read the chart below for the specifics of what happened with Coral Springs home sales during October.

 

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

Home Prices in Coral Springs

 

  Market                    Aug         Sept          Oct                               Oct

  Statistics                 2015       2015          2015                             2014

 

Median Price

$357,322

$355,000

$379,500

prior

year →

$329,500

Median

Price per Sq Ft

$153.00

$146.10

$152.60

prior

year →

$140.10

Median (DOM)

Days on Market

28 days

38 days

47 days

prior year→

58 days

Average Price

$369,362

$357,580

$388,860

prior

year→

$344,214

Average

Price per Sq Ft

$152.30

$143.5

$149.50

prior

year→

$139.00

Average (DOM)

Days on Market

54 days

61 days

58 days

prior

year→

71 days

Homes Sold

128

111

120

prior

year →

126

Absorption

Rate

2.64%

3.32%

2.99%

prior

year →

3.47%

Seller/Balanced/

Buyers

Market **

Seller’s

Market

Seller’s

Market

Seller’s

Market

prior

year →

Seller’s

Market

Distressed

Properties ***

21.09%

19%

13.33%

prior

year →

21.85%

 

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 Oct 2015 continue to showcase a Seller’s Market.

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 October home sales in Coral Springs is 2.99%. Inventory is still low in Coral Springs signaling a continued, strong Seller’s Market.

 

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 Oct decreased to just over 13% which is a nice decrease from last month at over 19%, yet this reflected a small increase for Short Sales, those homeowners likely in pre foreclosure status:

 

  • Over 6% of market sales were Short Sales during Oct  

  • Over 7% were REO/Lender/Bank Owned homes during Oct

Neighborhoods selling in Coral Springs

 

Homes were selling in larger numbers in the neighborhoods of Butler Farms, Coral Creek, Coral Springs II, Coral Springs Country Club, Cypress Glen, Cypress Run, Eagle Trace, Forest Hills, Heron Bay, Kensington, Maplewood, Pine Ridge, Ramblewood, The Crossings,  Turtle Run, and Wyndham Lakes.

 

This month the neighborhoods in Kensington sold 10 homes as top selling neighborhood! I sell homes fast and for top dollar in Coral Springs, if you need to sell a home in Coral Springs. Call me now to find out about selling your home in Kensington or any Coral Springs neighborhood for that matter!

 

Coral Springs luxury home sales were found in the neighborhoods of Grand Reserve of Coral Creek, The Falls of Heron Bay, Eagle Trace, Running Brook Hills, Grand Reserve of Coral Creek, Kensington Commons, Maplewood Isles,  Mariners Cove, Venetian Isles and Grand Isle of Wyndham Lakes

 

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.  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 FL Real Estate Home Sales Market Report for October 2015 written by your neighborhood Coral Springs Realtor, Lynn Pineda with Keller Williams Realty Coral Springs on November 30, 2015. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Top 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.

 

 


Share the knowledge!
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Recommended Posts

Leave a Comment