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Elliman Report: Fort Lauderdale Sales 3Q 2012

Price indicators jumped above last year’s levels as sales fell Median sales price increased 16.3% to $200,000 from prior year levels. Average sales price and average price per square foot increased 19.6% and 25.4% respectively over the same period. Sales fell 12.2% to 466 from 531 sales in the same quarter last year. Listing inventory held firm over the past two quarters at just above the 1,000 threshold.

Double-digit gains across all price indicators as larger properties sold The average size of a single family sale was 1,870 square feet, 8.7% larger than the same period last year. This compounded the gains in all price indicators. Median sales price jumped 58.4% to $221,750 from prior year levels.

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