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

Homes for Sale – Coral Springs Real Estate Market Report August 2014

Activity for Single Family Homes for sale in Coral Springs is reflected in this report put out each month to report on the Coral Springs Real Estate Market.  This details local market statistics for the home sale activity in all of 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.

 Coral Springs Real Estate market report

Coral Springs FL Real Estate Market Single Family Home Prices; market summary for Aug 2014, in comparison:

 

  Market                 June           July          Aug                         Aug

  Statistics         2014            2014          2014                               2013

 

Median Price

$337,500

$335,000

$342,000

prior

year →

$325,000

Price per Sq Ft

$144.20

$148.50

$146.10

prior

year →

$132.40

Homes Sold

128

116

104

prior

year →

120

Days on the Market

36 days

32 days

41

prior

year →

21days

Absorption

Rate *

3.79%

4.17%

4.53%

prior

year →

2.00%

Seller or

Buyers

Market **

Seller’s

Market

Seller’s

Market

Seller’s

Market

prior

year →

Seller’s

Market

Distressed

Properties ***

21.88%

12.93%

13.59%

prior

year →

25%

 

What does it all mean to you? What are the Coral Springs FL Real Estate trends? Where is our local Real Estate Market headed?

 

During August, we continued to see declines in the number of homes sold in Coral Springs compared to recent prior monthly home sales.  We’re also seeing the continuing trend of the supply level of home inventory to be increasing as more homes are on the market for a longer time period signaling less Buyers, while prices have increased and such stabilization of prices should continue. Keep in mind, that any concern of a rise in interest rates will further add to the slowing down of Buyers entering the home buying Real Estate market. As we continue to inch toward a Buyer’s Market, we still however remain a Seller’s market, nearing a crossover. This supply of homes describes Absorption* rates; how many homes are available for sale to meet the demand of Buyers.  The current Absorption rate is 4.53% which, again has increased this month. This reflects a lessening demand from Buyers of homes for sale in Coral Springs FL. You can clearly see the Real Estate Market change when you compare this month’s to a year ago August 2013.  The calm in the market continues in Coral Springs taking us about ready to enter the Balanced market period. If you’re on the fence about selling your home and you want to move, the market signals that you should make your move now.

 

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 and I can tell you your local neighborhood rate.

 

Distressed Property Sales *** (includes Short Sales and Lender/Bank owned) during Aug had remained constant at just over 13% as compared to July’s reported distressed property home sales at just under 13%:

 

    • 7.69% of market sales were Short Sales during Aug; remaining similar to  July’s rate of 7.6%.   

    • 5.77% were REO/Bank Owned homes; increasing slightly from July at over 5.17%   

 

 

What Coral Springs neighborhoods are selling?

 

Coral Springs home sales in the subdivisions of Coral Springs Country Club, Cypress Glen, Cypress Run, Eagle Trace, Forest Hills, Heron Bay, Maplewood,  North Springs, Pine Ridge, Ramblewood, The Isles, and Wyndham Lakes is where most homes were selling during August 2014 with Wyndham Lakes neighborhood leading the pack this month with having sold 9 homes!

 

Coral Springs luxury home sales were found in The subdivisions of Eagle Trace, Heron Bay, Maplewood Isles, The Isles, and Wyndham Lakes/Bay Pointe sold luxury homes in their neighborhoods.

 

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

 

$139,999 -$199,999            2

$200,000 -$249,999   4

$250,000 -$299,999   23

$300,000 -$399,999   44

$400,000 -$499,999            23

$500,000 -$749,999            6

$750,000 -$1million+          2

 

More about home selling 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. Many Realtors will “buy” your listing by simply agreeing with you for whatever you’d like to sell your home for, which will do you more harm than good as there will be a later point in which you will need to reduce your price in order to sell your home; this method routinely brings a lower sales price.  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 and what mistakes to avoid when selling your home in Coral Springs.  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. Call me at 954-464-1100 or email me at LynnP@ImagineYourHouse.com.

 

Coral Springs FL Real Estate Home Sales Market Report for August 2014 written by Coral Springs Realtor Lynn Pineda with Keller Williams Realty Coral Springs on Oct 1, 2014. 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 article written by Lynn Pineda, a licensed Southeast Florida Real Estate Agent for 9 years serving Coral Springs Florida and surrounding Southeast Florida.  Keller Williams Coral Springs Realty. Real Estate Promises Delivered.  You can speak with Lynn by calling 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.


Share the knowledge!
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Recent Posts
Comments
pingbacks / trackbacks

Leave a Comment