Coral Springs FL Real Estate Market Report for April 2013

Coral Springs FL Real Estate Market Report for April 2013 provided by Lynn Pineda, your Coral Springs Real Estate Agent and South Florida REALTOR® with Keller Williams Partners Realty. Many Coral Springs residents routinely ask me about the Coral Springs Real Estate Market wanting to know what’s happening in the Coral Springs Real Estate market and if you too are thinking; “I want to sell my Coral Springs home”, read more below about recent Coral Springs Real Estate home sales.

Coral Springs Home Prices

Coral Springs Home Prices saw an increase during the month of April where homes seem to be flying off the shelf or should I say flying off the streets of Coral Springs!*  (See Absorption rates below)  Review below to see selling price of homes.

Coral Springs Real Estate Report Market Summary

• Single Family home sales increased by almost 24% this month having sold 104 homes compared to March’s home sales of 84 homes sold.

• The median sale price during April was $278,500 which is up  almost 1.5% from March’s reported home sales.

• Distressed Property Sales declined this month to just over 26% compared to March’s rate of 38%:

  • Short Sales led, yet again, to being just over 18% of market sales and
  • REO/Bank Owned came in at just under 9%
  • Distressed Sales having reduced this month for Coral Springs homeowners would surely be welcome news if this trend continued, so homeowners wouldn’t have to be searching for a Short Sale Specialist to help them.

*Sliding off the streets and being sold are Coral Springs homes, as the inventory of homes continued to decline this month dropping even further this month.  March’s Absorption Rates was 2.38% wheres April’s rate came in at just above 2% to 2.08%. So what does this mean to you if you want to sell a Coral Springs home? This tells you that if you list your  home for sale with the current inventory, the inventory will all be sold within just over 2 months, as Buyers gobble up the homes.  Buyers want homes to buy in Coral Springs! Now is a fabulous time to sell a home in Coral Springs so, if you want to sell your home in Coral Springs, call me and I can tell you how I’ll get your home sold.

If you’re a Coral Springs Home Buyer your home search can be a bit more challenging in a Seller’s Market, as Buyers compete heavily with other Buyers. You need to make sure you have an experienced Real Estate Agent advising you in a Seller’s Coral Springs Real Estate market.

Absorption Rates can vary by Neighborhood. I’d be happy to go over your neighborhood’s specific absorption rate so, you know what to expect.

Do you live in any of the  Coral Springs Florida neighborhoods below?

The neighborhoods of Cypress Glen, Cypress Run, Eagle Trace, Forest Hills, Kensington, Maplewood,  Oakwood, Pine Ridge, Ramblewood, The Dells, Westchester and Wyndham Lakes all sold in the greatest of numbers during April.

Coral Springs Luxury neighborhoods of Eagle Trace, Venetian Isles and Whispering Woods sold luxury homes in their communities.

If you don’t see your neighborhood listed here and want to find out more about selling a home in your neighborhood, feel free to call me at 954-464-100 or email me: LynnP@ImagineYourHouse.com

How much can I sell my home for?; top of the list, must have answered question, that I’m questioned about again and again. To begin with, we’ll consider price points when setting a price to sell your home in Coral Springs. As I discuss each month, these price points can tell you where there are a lot of Buyers looking in a particular range and are willing to pay that price thereby, increasing the chance of your home being sold. During April, you’ll find the most heavily populated price points are those listed below. For example, from the list below, if your home’s value was near the $400,000 price point and you were to price your home at $399,999 and below, you’d be reaching a much larger pool of Buyers, as you can see, compared to if you priced your home at $400,000. Pricing at the right price point can elicit multiple offers driving up the ultimate sale price of your home. This is why I can’t stress it enough on the importance of pricing your home right, at the beginning, as thinking you can always reduce it later if your home doesn’t sell, statistically will result in a lower sales price. I can speak to you further on this point, just call me. 

Not sure of where you should price your home; If you want to know, please contact me for a complimentary valuation of your home. As I say, again and again: Pricing your Coral Springs’ home to sell

 

Price Range            Quantity

$180,000-$199,999      5

$200,000 -$249,999     26

$250,000 -$299,999     22

$300,000 -$399,999     31

$400,000 -$499,999     9

$500,000-$749,999      3

 

Days on the Market

Days on the Market before selling this month reflects the speed in which the homes are sold. During April, 49% of all homes, sold for 94% of the Original List Price within 0-30 days and another 21% sold for 95% of list price within 31-60 days. 

More about home selling in Coral Springs

To find out your home’s value and to request a Market Analysis for your home in Coral Springs, call me, email me or click here: Find out my Home’s Value in Coral Springs Florida

 

As your local Coral Springs REALTOR® and Coral Springs Real Estate Agent, I’d be glad to help you sell your home in Coral Springs. Or if you simply have questions about the selling process and home prices in Coral Springs, please feel free to call me or email. Call me at 954-464-1100 or email me at LynnP@ImagineYourHouse.com.