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Coconut Creek and Broward County Real Estate Prices and Sales Rise In January

Coconut Creek Home Prices and Sales Increase In January Making Now The Time To Buy Real Estate

Coconut Creek Home Prices & Sales Increase In January Making Now The Time To Buy Real Estate

Coconut Creek and Broward County Florida real estate is coming closer to a bottom, which is good news for homeowners and potential buyers. The Sun-Sentinel recently reported that, “The county’s median price for existing homes in January was $175,000, up 6 percent from a year ago. Broward sales rose 15 percent from January 2011.”

Besides home prices increases, the amount of inventory has significantly dropped in the past year by 34% in January 2012.  With less homes for sale on the market, the overall Coconut Creek and South Florida real estate market should stabilize by the end of 2012.  The Greater Fourt Lauderdale Of Realtors released a report showing that there were less than 6,000 single family homes for sale in Broward County.  As a result, this was a significant drop in home inventory from a year ago.  Another positive to less inventory is that homes are selling faster than they did in the past.  Currently, single family homes sales are selling on average in 55 days.

If homes are priced right in today’s market, then they sell quickly and for top market dollar!  Many analysts still fear that banks will be listing their foreclosure inventory for sale soon causing more homes on the market.  But, with the significant decrease in inventory currently on the market, these bank foreclosure listings may help sell quickly with the large amount of demand for available properties.

Know the neighborhood. Know the value. Know your hometown agents. The RE/MAX Coconut Creek Real Estate Team. If you are interested in buying or selling real estate in Coconut Creek or South Florida and are looking for experienced local Coconut Creek Realtors, please do not hesitate to contact us at 954-609-0591 or send us a message here. To stay updated with all Coconut Creek real estate information, receive our blog posts via email by subscribing here. After registering, you must
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