Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Greater Fort Lauderdale Realtors®: Broward County Single-Family Inventory Supply Dropped 10.3% During Past Year While Median Sales Price Increased 27.9%
  • USA - English


News provided by

Greater Fort Lauderdale Realtors

Aug 23, 2013, 03:00 ET

Share this article

Share toX

Share this article

Share toX

Fort Lauderdale, FL (PRWEB) August 23, 2013 -- The median sale price of existing single-family homes in Broward County rose 27.9 percent to $275,000 in July from $215,000 in July 2012. The rising median price of existing single-family homes, townhouses and condominiums continues to be supported by a stronger demand for housing as reflected by the year-over-year decline in months supply of inventory, as well as a decrease in the median days on market, according to statistics released today by the Greater Fort Lauderdale Realtors® (GFLR), the largest professional Broward County-based association of licensed real estate brokers and sales associates (http://www.r-world.com). The number of closed sales of existing single-family homes (SFH) increased 12.9 percent to 1,475 in July from 1,307 a year ago.

The median sales price of existing townhouses and condominiums increased year-over-year by 29.2 percent to $108,500 in July, up from $84,000 in July 2012.

“The declining amount of inventory of single-family homes, condominiums and townhouses available for sale in Broward County, coupled with existing homeowners receiving a larger percentage of their asking price and the dramatically fewer days on market compared to last year continues to put upward pressure on prices,” said Charles Bonfiglio, president of the Greater Fort Lauderdale Realtors®. “This means that we are still in a healthy growth market where sellers are continuing to receive at or near their asking prices.”

The inventory (active listings) of existing SFHs for sale in Broward County declined 10.3 percent to 4,297, compared to 4,792 in July 2012, while the months’ supply of inventory declined 19.6 percent to 3.5 months. The inventory of existing townhouses and condominiums for sale in Broward County in July decreased 7.1 percent to 5,985 listings from 6,441 listings in July 2012, while the months’ supply of inventory declined 11.1 percent from last year to 4.3 months.

New SFH for-sale listings increased 17.4 percent to 2,168 SFHs compared to 1,846 listings in July 2012. New townhouse-condo listings increased 18.8 percent to 2,347, compared to 1,975 listings in July 2012.

The average percent of the original list price received by sellers rose 3.9 percent year-over-year, with sellers receiving 96.4 percent of their asking price for existing SFHs in July, compared to 92.8 percent in July 2012. Owners of townhouse-condominiums received 95.4 percent of their asking price in July, up 1.1 percent from a year ago.

New pending sales, which are single-family homes, townhouses and condominiums under contract but have not yet closed, decreased 2.7 percent in July to 1,859 SFHs from 1,811 in July 2012. New pending sales for townhouses-condominiums increased 10.7 percent in July to 1,963, compared to 1,774 in July 2012.

Closed short sales for SFHs were down 9.8 percent in July to 286, compared to 317 a year ago. The median sales price of a short sale SFH in July was $174,000, compared to $168,500 a year ago, a decline of 9.8 percent. Closed foreclosure sales declined 39.5 percent to 153 in July, compared to 253 in July 2012. The median sales price of SFH foreclosures increased 7.6 percent to $154,900 in July, compared to $144,5000 a year ago.

Closed short sales for townhouses and condos were down 27.4 percent in July to 207, compared to 285 closed short sales a year ago. The median sales price of a short sale of townhomes and condos in July was $91,700, compared to $75,000 a year ago, an increase of 22.3 percent. Closed foreclosure sales declined 20.4 percent to 269 in July, compared to 338 in July 2012, with the median sales price increasing 8.3 percent to $81,255 from a year ago.

  • 30 -

Greater Fort Lauderdale Realtors® is the largest Broward-based professional association of real estate brokers and sales associates conducting business throughout South Florida while focusing on Broward County. GFLR provides multiple listing services (MLS), educational programs, ethical guidance and other services that enable licensed real estate professionals to help people buy and sell homes in Broward County and throughout South Florida.

Richard Barkett, Greater Fort Lauderdale Realtors, http://www.r-world.com, (954) 563-7261 5055, [email protected]

Modal title

Broward County_Single Family Homes_2013-07_Detail
View PDF
Broward County_Single Family Homes_2013-07_Detail
Broward County_Townhouses and Condos_2013-07_Detail
View PDF
Broward County_Townhouses and Condos_2013-07_Detail
Miami-Fort Lauderdale-Pompano Beach MSA_Single Family Homes_2013-07_Detail
View PDF
Miami-Fort Lauderdale-Pompano Beach MSA_Single Family Homes_2013-07_Detail
Miami-Fort Lauderdale-Pompano Beach MSA_Townhouses and Condos_2013-07_Detail
View PDF
Miami-Fort Lauderdale-Pompano Beach MSA_Townhouses and Condos_2013-07_Detail
Palm Beach County_Townhouses and Condos_2013-07_Detail
View PDF
Palm Beach County_Townhouses and Condos_2013-07_Detail
Palm Beach SFH Detail July 2013
View PDF
Palm Beach SFH Detail July 2013
Broward County_Single Family Homes_2013-07_Detail Broward County_Townhouses and Condos_2013-07_Detail Miami-Fort Lauderdale-Pompano Beach MSA_Single Family Homes_2013-07_Detail Miami-Fort Lauderdale-Pompano Beach MSA_Townhouses and Condos_2013-07_Detail Palm Beach County_Townhouses and Condos_2013-07_Detail Palm Beach SFH Detail July 2013

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.