Corals of Oakland Park – Market Update September 2015

The Corals of Oakland Park – Single Family Homes

Real Estate Market Update September 2015

Screen Shot 2015-09-24 at 5.31.03 AMWe are pleased to provide you our September 2015 Report, the latest real estate information in The Corals of Oakland Park and the latest at the Gary Lanham Group at Coldwell Banker.

Recent trends in Florida real estate indicate that prices have continued to increase but at a lower rate and in some areas prices have dipped slightly. Buyers and sellers have tightened negotiations of the value of property in the current economic climate.

Single-family homes in Broward County averaged a list price of $372,374 YTD August 2015 and sold at an average price of $354,383, a strong 92% sales price/list price ratio. Broward home sales prices increased 4.73% from average sales price of $337,899 at year-end 2014 indicating a relatively strong local market.

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The Corals, as a very desirable Neighborhood in downtown Oakland Park, has experienced a slight decline in market prices, after experiencing a growth rate of 5.49 % in 2014. Single-family home prices have decreased 5.23% thus far in 2015 from year-end 2014. Sellers are getting, on average, 97% of their list price, indicating a strong Neighborhood Seller’s market.

The Gary Lanham Group does the research, knows the numbers and is your Neighborhood expert.

If you are considering selling, or purchasing real estate, please give us a call today for a FREE professional consultation and permit us to assist you in realizing the most from your real estate investment.

Rick J. Turturro

Director – Finance & Analysis, Broker Associate

 

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Corals of Oakland Park – Market Update September 2015
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