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Coral Springs Real Estate Report for Jan 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 up to date reports for the year ending January 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 Jan 2015.

 Home Sales in Coral Springs FL Jan 2015

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

Home Prices in Coral Springs

Market               Nov           Dec             Jan                         Jan

Statistics            2014          2014           2015                      2014

 

Median Price

$349,900

$333,000

$336,450

prior

year →

$278,000

Median

Price per Sq Ft

$143.50

$142.20

$137.60

prior

year →

$140.70

Median (DOM)

Days on Market

36 days

55 days

51 days

38 days

Average Price *

$349,233

Average

Price per Sq Ft

$140.40

Average (DOM)

Days on Market

69 days

Homes Sold

77

115

72

prior

year →

67

Absorption

Rate

5.21%

3.82%

5.61%

prior

year →

4.88%

Seller/Balanced/

Buyers

Market **

Balanced

Market

Seller’s

Market

Balanced

Market

prior

year →

Seller’s

Market

Distressed

Properties ***

15.58%

26.95%

27.78%

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 January 2015 slowed showing a decrease in number of homes sold by roughly 37% as is evident with a Balanced Market being reached in Coral Springs, as I predicted in last month’s report. A Balanced Market is between a Seller’s Market and a Buyer’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 current inventory of homes for sale, which as of this edition, 404 homes are for sale in Coral Springs.  The current Absorption rate reflective of January home sales in Coral Springs is 5.61%. Coral Springs inventory of homes has increased where we’re not seeing such a high demand from Buyers in search of homes to buy as they’re not beating down the doors of home Sellers that was more evident over this past year.

 

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.  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 January had increased to just under 28%, but keep in mind we had a decrease in overall home sales during January, so it reflects a decline in distressed properties sold:

 

    •  8.33% of market sales were Short Sales during January
    • 19.44% were REO/Lender/Bank Owned homes during January

 

Neighborhoods selling in Coral Springs

 

Homes were selling in the neighborhood of Coral Springs University, Coral Springs Village, Cypress Glen, Forest Hills, Maplewood, North Springs, Pine Ridge, Shadow wood, and Wyndham Lakes. Pine Ridge was the shining neighborhood during January with having the most homes sold. Are you looking to sell your home in Pine Ridge or any of Coral Springs’ other great neighborhood?!

 

Coral Springs luxury home sales were found in the neighborhoods of Brookside Grove, Maplewood Estates, Running Brook Hills, Venetian Isles 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     0

$140,000 -$199,999     3

$200,000 -$249,999     7

$250,000 -$299,999     13

$300,000 -$399,999     33

$400,000 -$499,999     9

$500,000 -$749,999     7

$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.

 

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.

 

All rights reserved. Copyright protected.

 


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