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Coral Springs Real Estate Report for Feb 2015

 Coral Springs Real Estate Report Feb 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 February 2015 for single family homes. It’s all about homes for sale in Coral Springs FL and what’s selling.

 

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 Feb 2015.

 

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

 

Home Prices in Coral Springs

 

 

  Market                   Dec            Jan         Feb                              Feb

  Statistics                2014          2015       2015                          2014

 

Median Price

$333,000

$336,450

$345,000

prior

year →

$278,000

Median

Price per Sq Ft

$142.20

$137.60

$144.40

prior

year →

$140.70

Median (DOM)

Days on Market

55 days

51 days

49 days

prior →

year

38 days

Average Price *

n/a

$349,233

$367,389

n/a

Average

Price per Sq Ft

n/a

$140.40

$143.20

n/a

Average (DOM)

Days on Market

n/a

69 days

72 days

n/a

Homes Sold

115

72

73

prior

year →

67

Absorption

Rate

3.82%

5.61%

5.59%

prior

year →

4.88%

Seller/Balanced/

Buyers

Market **

Seller’s

Market

Balanced

Market

Balanced

Market

prior

year →

Seller’s

Market

Distressed

Properties ***

26.95%

27.78%

19.18%

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 February 2015 slowed showing an increase in number of homes sold and still within an overall Balanced Market. A Balanced Market is in between a Seller’s Market and a Buyer’s Market; favoring neither.

 

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 February home sales in Coral Springs is 5.59%. Another month of a balanced Real Estate market between a Seller’s market and a Buyer’s market here in Coral Springs Florida.

 

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.  

 

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 February had decreased to under 20%:

 

    •  5.48% of market sales were Short Sales during February  

    • 13.70% were REO/Lender/Bank Owned homes during February

 

Coral Springs FL Real Estate Market Report Feb 2015

Neighborhoods selling in Coral Springs

 

Homes were selling in the neighborhood of Butler Farms, Chevy Chase, Coral Springs Sub, Cypress Glen, Cypress Run, Eagle Point, Forest Hills, Glenwood, Heron Bay, Hidden Hammocks, Lakeview Hamlet, Maplewood, North Springs, Oakwood, Pine Ridge, Ramblewood, Ridgeview, Running Brook Hills, Shadow wood, Thunderbrook, Turtle Run, Whispering Woods and Wyndham Lakes. Ramblewood had home Buyers flocking to their neighborhood during February with having the most homes sold. 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 Eagle Trace, Maplewood Isle, Running Brook Hills and Whispering Woods.

 

Do you want to find out more about your neighborhood and it’s homes 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            1

$120,000 -$139,999        2    

$140,000 -$159,999         1

$160,000 -$199,999         0     

$200,000 -$249,999            7  

$250,000 -$299,999            9

$300,000 -$399,999            35

$400,000 -$499,999            12

$500,000 -$749,999            4

$750,000 -$1million+          2

 

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.

 

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 January 2015 written by your neighborhood Coral Springs Realtor, Lynn Pineda with Keller Williams Realty Coral Springs on Feb 28, 2015. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Coral Springs REALTOR® provided.

 

*Average price, average price per sq ft and average DOM reporting began being included in monthly Coral Springs Real Estate Market reports starting in January 2015, in addition, to Median price reporting.

 

___________________________________________________________________________

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.

 

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