We published our inaugural report on the Fort Lauderdale, Florida sales market for 2Q 2012.   This is part of an evolving market report series I’ve been writing for Douglas Elliman since 1994.

Key Points

Fort Lauderdale, Florida

-Overall and luxury price indicators for condo and single family properties saw double-digit increases from prior year.
-Condo and single family sales were below year ago levels but were both the 5th highest quarterly total in more than 6 years.
-Waterfront homes were the only segment to post a year over year increase in sales.
-Days on market fell from year ago levels for both condos, single family and luxury properties.

Here’s an excerpt from the report:

CONDO/TOWNHOUSE Median sales price
was up 21.2% to $209,000, from $172,440
in the prior year quarter. Average sales price
and price per square foot showed similar
double-digit gains over the same period.
The number of sales declined 7.7% to 608
from 659 in the prior year quarter. With
1,035 listings at the end of the second
quarter, the 5.1-month absorption rate
was considered tight for the region…

SINGLE FAMILY Listing discount fell to
5.7% from 7.4% in the same period last
year. Days on market was 113, 18 days
faster than in the same period last year.
There were 745 listings and as a result, the
absorption rate was 5 months, considered
fast relative to other markets in the region…

You can build your own custom data tables on the market – now updated with 2Q 12 data. We’ll be adding a chart library for this market area soon!

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The Elliman Report: 2Q 2012 Fort Lauderdale [Miller Samuel] The Elliman Report: 2Q 2012 Fort Lauderdale [Douglas Elliman] Aggregated Custom Market Data Tables [Miller Samuel]