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Elliman Report: Fort Lauderdale 2Q 2012

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: Median sales price was $209,000, up 21.2% from $172,440 in the prior year quarter. The other price indicators showed similar patterns; however, the gains were not as a result of larger sized home sales. The average size of a single family sale increased 6.4% to 1,989 square feet over the same period…

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