Coral Springs Real Estate Report for Apr 2015

Here you’ll read the current Coral Springs’ Home Sales Report to see what’s going on in the local Coral Springs Real Estate market. You’ll find the most recent report for April  2015 for single family homes. It’s all about homes for sale in Coral Springs FL and what’s selling.

Market Statistics for Real Estate in Coral Springs FL

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 Report for April 2015.

The local Coral Springs Real Estate market picked up this month with brisk home sales showing home Sellers that Buyer’s are buying homes and the inventory is moving pretty fast in the current Seller’s market with stable home prices as the chart below details.  As a Seller, this is what you like to hear when it’s time to get your home on the market to sell.

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

Home Prices in Coral Springs

Market       Feb             Mar           Apr                      Apr

Statistics                 2015           2015         2015                    2014

 

Median Price

$345,000

$334,425

$337,450

prior

year →

$334,000

Median

Price per Sq Ft

$144.40

$145.70

$146.90

prior

year →

$143.70

Median (DOM)

Days on Market

49 days

68 days

35 days

prior year

43 days

Average Price

$367,389

$375,867

$344,695

prior

year

$350,367

Average

Price per Sq Ft

$143.20

$145.50

$146.40

prior

year

$141.40

Average (DOM)

Days on Market

72 days

88 days

66 days

prior

year

57 days

Homes Sold

73

105

121

prior

year →

97

Absorption

Rate

5.59%

3.51%

3.27%

prior

year →

4.29%

Seller/Balanced/

Buyers

Market **

Balanced

Market

Seller’s

Market

Seller’s

Market

prior

year →

Seller’s

Market

Distressed

Properties ***

19.18%

20%

26.45%

prior

year →

24%

 

 

 

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 April 2015 sell at a steady impressive pace as we continue into a solid Seller’s Market heading into the end of the second quarter of 2015. Homes prices shows the price per square foot to be up from a year ago April. Yet with an increase in distressed properties, we’ll watch how that affects home sale prices. Are banks increasing their pressure to move up foreclosures?

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.  The current Absorption rate reflective of April’s home sales in Coral Springs is 3.27%. This shows that home Buyers were out in full force during April continuing the spring selling season into summer.

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 April had an increase to over 26%, which is up from last months at 20%:

    • 13.22% of market sales were Short Sales during April
    • 13.22% were REO/Lender/Bank Owned homes during April

 

Neighborhoods selling in Coral Springs

Homes were selling in the neighborhood of Brookside, Butler Farms, Chevy Chase, Coral Springs Country Club, Cypress Run, Eagle Trace, Forest Hills, Heron Bay, Kensington, Maplewood, Oakwood, Pine Ridge, Ramblewood, Shadow wood, Whispering Woods and Wyndham Lakes. For the past several months Ramblewood has been the hot selling neighborhood and it comes out on top again during April with having sold 10 homes! Buyers love Ramblewood! Are you looking to sell your home in Ramblewood or any of Coral Springs’ other great neighborhood?! I sell homes in Coral Springs.

Coral Springs luxury home sales were found in the neighborhoods of Coral Springs Country Club, Eagle Trace and Whispering Woods.

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

$100,000 -$119,000          0

$120,000 -$139,999          0

$140,000 -$159,999          0

$160,000 -$199,999          3

$200,000 -$249,999          10

$250,000 -$299,999          20

$300,000 -$399,999          62

$400,000 -$499,999          20

$500,000 -$749,999          4

$750,000 -$1million+        1

 

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 April 2015 written by your neighborhood Coral Springs Realtor, Lynn Pineda with Keller Williams Realty Coral Springs on June 1, 2015. 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 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.

 

All rights reserved. Copyright protected.

Recommended Posts

Leave a Comment