(2009-07-30) Fort Lauderdale Real Estate Market Report - June 2009
June 2009 Listing and Sales activity for the Fort Lauderdale Real Estate Market
June market report for Fort Lauderdale Real Estate report a slight decrease in pending sales and closed sales after four straight months of positive numbers in these categories. However, as compared to same period last year, both categories have increased significantly.
Closed sales for single family homes in June decreased 3% as compared to May, however, rose 21% from June 2008.
Closed sales for condominiums in June were down 8% from the previous month, however, up 22% from same time last year.
Single family pending sales dropped 3% in June versus May, however, jumped 88% from June 2008.
Condominium pending sales were down 5% from May, however, spiked up 96% from same period last year.
Available Inventory for both single family homes and condos continues to shrink. At present, there is a ten months supply of homes for sale. Single Family inventory is down 40% from same period last year. Available inventory for condos reveal that there are presently fourteen months of inventory available for sale, down 27% from June 2008.
Short Sales and Bank Foreclosures make up a significant amount of inventory. 40% of single family homes and 36% of condominiums for sale are classified as either short sale or foreclosures.
About Us: John Sabia and Johanne Gosselin Sabia are full time Realtors at Coldwell Banker with more than 20 years combined experience marketing and selling homes and condos in Fort Lauderdale and surrounding neighborhoods. Johanne is fluent in both French and English.
Contact Info: John Sabia: 954-850-2397
Johanne Gosselin-Sabia: 954-261-6344
Additional:
Company: Coldwell Banker
Country: United States
Contact: John Sabia
Website: http://www.johnsabia.com
Bus E-Mail: johnsabia@gmail.com
Phone: 954-850-2397
