REAL ESTATE UPDATE FOR BROWARD COUNTY & PALM BEACH COUNTY
February 1, 2009 to February 29, 2009
Broward County includes well known cities of Coconut Creek, Coral Springs,
Deerfield Beach, Fort Lauderdale, Highland Beach, Hillsboro, Lighthouse Point,
Parkland, Plantation, Sunrise, Tamarac and Weston.
There are currently 13,193 Single Family Homes LISTED FOR SALE in Broward County.
5958 priced under $250,000
4481 priced between 250,001 and $500,000
1188 priced between $500,001 and $750,000
613 priced between $750,001 and $1,000,000
524 priced between $1,000,001 and $1,500,000
264 priced between $1,500,001 and $2,000,000
429 priced over $2,000,000
For the month of February, 565 Single Family Homes SOLDin Broward County.
364 were sold under $250,000
142 were sold between 250,001 and $500,000
31 were sold between $500,001 and $750,000
8 were sold between $750,001 and $1,000,000
12 were sold between $1,000,001 and $1,500,000
4 were sold between $1,500,001 and $2,000,000
4 were sold over $2,000,000
There are currently 19,024 Multi-Family Homes LISTED FOR SALE in Broward County. Multi-Family Homes include condos, town homes, villas, coops, all attached and or unattached as well as single story to multi levels.
4977 are priced under $250,000
3070 are priced between 250,001 and $500,000
808 are priced between $500,001 and $750,000
444 are priced between $750,001 and $1,000,000
270 are priced between $1,000,001 and $1,500,000
152 are priced between $1,500,001 and $2,000,000
106 are priced over $2,000,000
For the month of February, 634 Multi-Family Homes SOLD in Broward County.
Note that many of the lower priced multi family homes are located in Adult only communities with a over the age of 55 requirement to live there.
568 were sold under $250,000
52 were sold between 250,001 and $500,000
6 were sold between $500,001 and $750,000
4 were sold between $750,001 and $1,000,000
2 were sold between $1,000,001 and $1,500,00
1 was sold between $1,500,001 and $2,000,000
1 was sold over $2,000,000
Palm Beach County includes well known cities of Boca Raton, Boynton Beach, Delray Beach, Greenacres, Lake Worth, Wellington and West Palm Beach.
There are currently 10,579 single family homes listed For Sale in Palm Beach County.
3842 priced under $250,000
3593 priced between 250,001 and $500,000
1067 priced between $500,001 and $750,000
661 priced between $750,001 and $1,000,000
457 priced between $1,000,001 and $1,500,000
326 priced between $1,500,001 and $2,000,000
633 priced over $2,000,000
For the month of February 314, Single Family Homes SOLD in Palm Beach County.
180 were sold under $250,000
97 were sold between 250,001 and $500,000
18 were sold between $500,001 and $750,000
7 were sold between $750,001 and $1,000,000
6 were sold between $1,000,001 and $1,500,000
None were sold between $1,500,001 and $2,000,000
6 were sold over $2,000,000
There are currently11,774 Multi-Family Homes LISTED FOR SALE in Palm Beach County. Multi-Family Homes include condos, town homes, villas, coops, all attached and or unattached as well as single story to multiple levels.
8927 are priced under $250,000
1769 are priced between 250,001 and $500,000
488 are priced between $500,001 and $750,000
250 are priced between $750,001 and $1,000,000
172 are priced between $1,000,001 and $1,500,000
69 are priced between $1,500,001 and $2,000,000
99 are priced over $2,000,000
For the month of 451, February Multi-Family Homes SOLD in Palm Beach county.
316 were sold under $250,000
23 are sold between 250,001 and $500,000
6 were sold between $500,001 and $750,000
5 were sold between $750,001 and $1,000,000
2 were sold between $1,000,001 and $1,500,000
1 were sold between $1,500,001 and $2,000,000
1 are sold over $2,000,000
To see specific details on a specific category of homes actively for sale or sold, please email us at Team@GreatFloridaHomes.com and we will forward the information for your reference or review.
Information deemed reliable as provided by the Realtor Association of Greater Fort Lauderdale
and the Realtor Association of the Palm Beaches.
Broward shows a large decline in listed single family and a small decline in multi family homes. For closed sales more units have sold than the previous month and with listings down overall this is a positive sign.
In Palm Beach a small increase in listings for single family and multi family homes. In closed sales for Palm Beach the single family homes were a small increase and nearly double in sales for multi family.
The past three weeks we felt as if a Buyer tree sprouted in the Backyard and everyday we wake up and There are new Buyers taking advantage of the plethora of inventory while the "pickens" are good. Once everyone knows about it the choices won't be as good.
The best news is...that the bottom of the market is......when people start buying. These last two months are very positive indications of this trend.
