How are homes selling in Coral Springs?
Find out about the Coral Springs Real Estate Market in this monthly publication on home sales in Coral Springs Florida. This Real Estate report will help you whether you want to sell a home in Coral Springs or buy a home in Coral Springs. It’s all about the statistics; number of homes sold, median home prices, median square foot prices, days on the market, absorption rates and type of Real Estate market.
Today’s report is for June 2016. Let’s find out about home sales in Coral Springs.
Home sales during June showed a increase to 180 homes sold compared to 161 homes during May. Selling homes in Coral Springs continues at a brisk pace.
Coral Springs Real Estate Market Summary for June 2016, in comparison:
Home Prices in Coral Springs – at a glance
What does it all mean to you if you’re selling a home in Coral Springs or buying a home in Coral Springs? What are the Coral Springs Real Estate trends here in Southeast Florida? Where is the local Coral Springs Real Estate Market headed?
Home Prices in Coral Springs June 2016, in comparison
| wdt_ID | Market Statistics | April 2016 | May 2016 | June 2016 | Prior Year | June 2015 |
|---|---|---|---|---|---|---|
| 1 | Median Price | $350,500 | $352,138 | $358,750 | Prior Year | $355,000 |
| 2 | Median Price Per Sq Ft |
$155.20 | $157.40 | $153.80 | Prior Year | $152.40 |
| 3 | Median (DOM) Days on Market |
73 days | 72 days | 79 days | Prior Year | 29 days |
| 4 | Homes Sold | 134 |
161 | 180 | Prior Year | 138 |
| 5 | Absorption Rate |
2.40% | 2.05% | 1.91% | Prior Year | 2.96% |
| 6 | Distressed Properties |
26.67% | 20.50% | 13.89% | Prior Year | 15.22% |
| 7 | Seller's Market/ Balanced Market/ Buyer's Market |
Seller's Market | Seller's Market | Seller's Market | Prior Year | Seller's Market |
| wdt_ID | Market Statistics | April 2016 | May 2016 | June 2016 | Prior Year | June 2015 |
Home Inventory Reported in Coral Springs
The supply of homes describes Absorption rates; how many homes are available for sale to meet the demand of Buyers. It illustrates how many months it would take to sell the current inventory of homes for sale should no other homes hit the market for sale in Coral Springs based upon prior month home sales. 1.91% is the current rate for June; the lowest level of homes available for sale so far in 2016. Music to your ears if your plans are to sell a home in Coral Springs.
Absorption rates will determine whether we’re in a Seller’s, Buyer’s or Balanced/Stable market**. Typically, less than 6 months of inventory is a Seller’s Market. 6 months of inventory is a Balanced/Stable market and over 6 months supply of homes reflects a Buyer’s market. The absorption rate I report here is for all of Coral Springs, however, keep in mind that absorption rates can vary by neighborhood and will vary by city also. When selling a home, it’s important to know your neighborhood absorption rate for a number of reasons.
Call me/text me now or email me, and I can tell you your local neighborhood rate so you know how to best position your Coral Springs home for sale.
Distressed Property Sales *** (includes Short Sales and REO/Lender/Bank owned) during June showed continued declining levels decreasing to just under 14%, where Short Sales accounted for under 4% and REO accounted for 10%.
If you’re a distressed homeowner and foreclosure seems to be closing in on you, Find out how to avoid it.
Neighborhoods selling in Coral Springs
Ramblewood area came out on top again during June as the top selling Coral Springs neighborhood. Moving to Coral Springs? Perhaps you’ll like Ramblewood!
Do you want to find out more about your neighborhood and it’s home’s sales? Call me at 954-464-100 or email me: LynnP@ImagineYourHouse.com
Where does your home fit in, do you know? At what price point should you price your home? First you’re asking, “how much is my home worth” and just how do we do it. Call for your complimentary analysis of your home’s value.
More about selling a home in Coral Springs
Do you want an accurate Real Estate market value of your home in Coral Springs? I can tell you what your home is worth in today’s South Florida Real Estate Market. My recommended price will be based upon my Real Estate experience and skill in setting accurate home selling prices so you can actually sell your home. I have a track record of high list price to sales price ratios. Here I discuss the importance of your home’s initial list price. Call me or email me to find out your home’s value in Coral Springs Florida.
Book an appointment now to learn more about the local Coral Springs Real Estate Market or when you’re thinking; “I need to sell my home in Coral Springs” or “I need to buy a home in Coral Springs”. Call/Text Lynn at 954-464-1100 or email Lynn at LynnP@ImagineYourHouse.com
Coral Springs FL Real Estate Market Report for June 2016 written by your neighborhood Coral Springs Realtor, Lynn Pineda with Keller Williams Realty Coral Springs. Based upon local MLS Statistical findings. Accuracy is not guaranteed. Top Coral Springs REALTOR® provided. Real Estate Promises Delivered.
Lynn hopes you enjoyed the most recent report on homes selling in Coral Springs. You’ll find Lynn selling homes in Southeast Florida in the cities of Boca Raton, Coral Springs, Parkland, Margate, Tamarac, Coconut Creek, Boynton Beach, Delray Beach and surrounding cities within Broward and Palm Beach counties.
