Welcome to The State of Today’s Real Estate, a Housing ... · Estate, a Housing Symposium....
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Welcome to The State of Today’s Real Estate, a Housing Symposium
Transcript of Welcome to The State of Today’s Real Estate, a Housing ... · Estate, a Housing Symposium....
Welcome to The State of Today’s Real Estate, a Housing Symposium
IntroductionThe Realtor Association of Greater Fort
Lauderdale chartered in May 30rd, 1922 in business for 86 years and has over 10,000 members most of whom sell Real Estate in Broward County.
To provide an overview of the current Real Estate market in Broward County and to select by City those positioned to lead the market recovery.
Broward County Housing Numbers
Current Trends:• Available Inventory• Closed Sales• Pending Sales• Median Price
Community SpotlightPredictions
Single Family Statistics
Broward County, Florida
New and Existing Single Family Inventory
0
2000
4000
6000
8000
10000
12000
14000
Sep-02
Mar-03
Sep-03
Mar-04
Sep-04
Mar-05
Sep-05
Mar-06
Sep-06
Mar-07
Sep-07
Mar-08
Closed Single Family Sales
0200400600800
100012001400160018002000
Sep-02
Jan-0
3May
-03Sep
-03Ja
n-04
May-04
Sep-04
Jan-0
5May
-05Sep
-05Ja
n-06
May-06
Sep-06
Jan-0
7May
-07Sep
-07Ja
n-08
May-08
Pending Single Family
0
200
400
600
800
1,000
1,200
1,400
Jan-0
5Apr-
05Ju
l-05
Oct-05
Jan-0
6Apr-
06Ju
l-06
Oct-06
Jan-0
7Apr-
07Ju
l-07
Oct-07
Jan-0
8Apr-
08
Single Family Median Sale Price
Median Single Family Sale Price
050000
100000150000200000250000300000350000400000450000
Sep
-02
Mar
-03
Sep
-03
Mar
-04
Sep
-04
Mar
-05
Sep
-05
Mar
-06
Sep
-06
Mar
-07
Sep
-07
Mar
-08
Condo/Townhouse Statistics
Broward County, Florida
New and Existing Condo/Townhouse Inventory
02000400060008000
1000012000140001600018000
Sep-02
Mar-03
Sep-03
Mar-04
Sep-04
Mar-05
Sep-05
Mar-06
Sep-06
Mar-07
Sep-07
Mar-08
Sep-08
Closed Condo/Townhouse Inventory
0200400600800
10001200140016001800
Sep-02
Mar-03
Sep-03
Mar-04
Sep-04
Mar-05
Sep-05
Mar-06
Sep-06
Mar-07
Sep-07
Mar-08
Pending Condo/Townhouse
0200400600800
10001200140016001800
Jan-
05
Apr
-05
Jul-0
5
Oct
-05
Jan-
06
Apr
-06
Jul-0
6
Oct
-06
Jan-
07
Apr
-07
Jul-0
7
Oct
-07
Jan-
08
Apr
-08
Condo/Townhouse Median Sale Price
0
50000
100000
150000
200000
250000
Sep
-02
Mar
-03
Sep
-03
Mar
-04
Sep
-04
Mar
-05
Sep
-05
Mar
-06
Sep
-06
Mar
-07
Sep
-07
Mar
-08
Selected Broward Cities
Report divided into three parts:• Single Family Trends• Condo/Townhouse Trends
– Key indicators DOM, Sales and Median Sales Price.
• Third Quarter Predictions
Selected Broward Cities
Single Family Trends
Coral Springs
020406080
100120140
Jul-0
5Sep
-05Nov-0
5Ja
n-06
Mar-06
May-06
Jul-0
6Sep
-06Nov-0
6Ja
n-07
Mar-07
May-07
Jul-0
7Sep
-07Nov-0
7Ja
n-08
Mar-08
SalesAvg. DOM
Coral Springs
0100000200000300000400000500000600000
Jul-0
5Oct-
05Ja
n-06
Apr-06
Jul-0
6Oct-
06Ja
n-07
Apr-07
Jul-0
7Oct-
07Ja
n-08
Apr-08
Davie
020406080
100120140160
Jul-0
5Oc
t-05
Jan-
06Ap
r-06
Jul-0
6Oc
t-06
Jan-
07Ap
r-07
Jul-0
7Oc
t-07
Jan-
08Ap
r-08
SalesAvg. DOM
Davie
0
200000
400000
600000
800000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
Fort Lauderdale
020406080
100120140160
Jul-0
5Oc
t-05
Jan-
06Ap
r-06
Jul-0
6Oc
t-06
Jan-
07Ap
r-07
Jul-0
7Oc
t-07
Jan-
08Ap
r-08
SalesAvg. DOM
Fort Lauderdale
0200000400000600000800000
1000000
Jul-0
5Ja
n-06
Jul-0
6Ja
n-07
Jul-0
7Ja
n-08
Median Sale Price
Fort Lauderdale
0200000400000600000800000
1000000
Jul-0
5Ja
n-06
Jul-0
6Ja
n-07
Jul-0
7Ja
n-08
Median Sale Price
F o r t L a u d e r d a le
02 04 06 08 0
1 0 01 2 01 4 01 6 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a le sA vg . D O M
Hollywood
0100000200000300000400000500000
Jul-0
5Nov
-05Mar-
06Ju
l-06
Nov-06
Mar-07
Jul-0
7Nov
-07Mar-
08Median Sale Price
H o lly w o o d
02 04 06 08 0
1 0 01 2 01 4 01 6 01 8 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a le sA vg . D O M
Miramar
0100000200000300000400000500000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
M ir a m a r
02 04 06 08 0
1 0 01 2 01 4 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a l e sA vg . D O M
Pembroke Pines
0100000200000300000400000500000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
P e m b r o k e P in e s
02 04 06 08 0
1 0 01 2 01 4 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a l e sA vg . D O M
P la n t a t io n
02 04 06 08 0
1 0 01 2 01 4 01 6 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a l e sA vg . D O M
Plantation
0100000200000300000400000500000600000700000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
Pompano Beach
0100000200000300000400000500000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
P o m p a n o B e a c h
02 04 06 08 0
1 0 01 2 01 4 01 6 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a le sA vg . D O M
Weston
020406080
100120140
Jul-0
5Oc
t-05
Jan-
06Ap
r-06
Jul-0
6Oc
t-06
Jan-
07Ap
r-07
Jul-0
7Oc
t-07
Jan-
08Ap
r-08
SalesAvg. DOM
Weston
0100000200000300000400000500000600000700000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
Selected Broward Cities
Condo/Townhouse Trends
Deerfield Beach
020406080
100120140160
Jul-0
5Oc
t-05
Jan-
06Ap
r-06
Jul-0
6Oc
t-06
Jan-
07Ap
r-07
Jul-0
7Oc
t-07
Jan-
08Ap
r-08
SalesAvg. DOM
Deerfield Beach
050000
100000150000200000250000300000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
Fort Lauderdale
0
50
100
150
200
Jul-0
5Oc
t-05
Jan-
06Ap
r-06
Jul-0
6Oc
t-06
Jan-
07Ap
r-07
Jul-0
7Oc
t-07
Jan-
08Ap
r-08
SalesAvg. DOM
Fort Lauderdale
0
100000
200000
300000
400000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
Hallandale
0
100000
200000
300000
400000
Jul-0
5Nov
-05Mar-0
6Ju
l-06
Nov-06
Mar-07
Jul-0
7Nov
-07Mar-0
8
Median Sale Price
H a l la n d a le
02 04 06 08 0
1 0 01 2 01 4 01 6 01 8 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a l e sA vg . D O M
Hollywood
050000
100000150000200000250000300000350000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
Hollywood
020406080
100120140160180
Jul-0
5Oc
t-05
Jan-
06Ap
r-06
Jul-0
6Oc
t-06
Jan-
07Ap
r-07
Jul-0
7Oc
t-07
Jan-
08Ap
r-08
SalesAvg. DOM
Pembroke Pines
050000
100000150000200000250000300000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
P e m b r o k e P i n e s
0
2 0
4 0
6 0
8 0
1 0 0
1 2 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
A pr-07
Jul-07
Oc t-07
Jan-08
A pr-08
S a l e sA v g . D O M
Pompano Beach
050000
100000150000200000250000300000350000
Jul-0
5
Nov
-05
Mar
-06
Jul-0
6
Nov
-06
Mar
-07
Jul-0
7
Nov
-07
Mar
-08
Median Sale Price
P o m p a n o B e a c h
02 04 06 08 0
1 0 01 2 01 4 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a l e sA vg . D O M
Sunrise
050000
100000150000200000250000300000350000
Jul-0
5Nov
-05Mar-
06Ju
l-06
Nov-06
Mar-07
Jul-0
7Nov
-07Mar-
08
Median Sale Price
S u n r is e
02 04 06 08 0
1 0 01 2 01 4 0
Jul-05
Oc t-05
Jan-06
Apr-06
Jul-06
Oc t-06
Jan-07
Apr-07
Jul-07
Oc t-07
Jan-08
Apr-08
S a l e sA vg . D O M
Broward Housing Forecast
Third Quarter Predictions:
Broward County Real Estate Market will continue to improve through September
Median Sales Price continue to fluctuate.
Summary
Current Trends:• Available Inventory• Closed Sales• Pending Sales• Median Price
Community SpotlightPredictions
RAGFL Mission
The mission of the REALTOR® Association of Greater Fort Lauderdale is to secure the interests
of its members and their ability to conduct a thriving business, to promote the highest
standards of professional practice in the real estate community, and to support members in
maximizing their individual potential for success.
www.R-World.com
Contact Richard Barkett at 954-563-7261or visit our website at www.R-World.com
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