Coral Springs Market Update -October 2017

Beautiful home
Status: Active

NW 66th Ave, Coral Springs, FL

Price: $409899

4 Bedrooms

F10079853

Beautiful home
Status: Active

NW 118th Dr, Coral Springs, FL

Price: $394900

4 Bedrooms

A10348778

Beautiful home
Status: Active

NW 122nd Dr, Coral Springs, FL

Price: $445000

7 Bedrooms

F10070926

Property Sales

Coral Springs, FL September Property sales were 75, down 51.3% from 154 in September of 2016 and 50.0% lower than the 150 sales last month. Sept 2017 sales were at the lowest level compared to September of 2016 and 2015. September YTD sales of 1316 are running 21% behind last year’s year-to-date sales of 1663.

Prices

The median Sales Price in September was $376,250, up 14.5 from $330, 000 in September of 2016 up 4.5% from $360,000 last month. The average Sales Price in September was $355, 213, up 17.5% from $302,432 in September of 2016 and up 1.1% from $351,331 last month. September 2017 as sold price was the highest level compared to September of 2016 and 2015.

Inventory & Month’s Supply of Inventory

The total Inventory of properties available for sale as of September was 414, down 8.2% from 451 last month and down 40.3% from 694 in September of last year. September 2017 Inventory was at its lowest level compared with September of 2016 and 2015.

A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The September 2017 MSI of 2.6 months was at its lowest level compared with September of 2016 and 2015.

Market Time

The average Days on the Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s Market. The DOM for September was 41, down 18% from 50 days last month and down 50% from 83 days in September of last year. The September 2017 DOM was at its lowest level compared with August of 2016 and 2015.

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Dale Ramsay
Dale Ramsay
Realtor
United Realty Group, Inc.
  • Plantation, Florida
  • Phone: 954-702-2757
  • Office : 954-450-2000
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Our recently acquired home was through Dale Ramsay of South Florida Real Estate Bookers.. The experience was superb . His professionalism and good manner sure does well for his real estate...

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Dale is an awesome realtor. He listens to what your needs are and your concerns; then he puts that to work in finding a suitable home. Dale does not just sell a house for selling sake, he makes...

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