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Jim Esposito

Intercoastal Realty

954-336-3776

 

Fort Lauderdale, Broward County, South Florida

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Fort Lauderdale & South Florida Housing Market Stats



Real Estate Values Show Strong Appreciation Thru 2015 Reports Broward County Property Appraiser Lori Parrish


Property values across Broward County rose in 2016, a reflection of a continually growing real estate market. The last year the values declined was 2011. Since then, they've steadily grown. The values released this week by the property appraiser are estimates; final figures will be ready by July 1. Cities are listed in rank of total tax value. Some cities had significant new construction that helped boost the tax roll. The figures are based on sales and activity in the 2015 market.


Countywide

 

Taxable value: $162.4 billion

Percent change in value of existing properties: 7.1 percent

Value of new construction: $1.99 million

Percent tax roll change including new construction: 8.5 percent


Fort Lauderdale

 

Taxable value: $31 billion

Percent change in value of existing properties: 7.97 percent

Value of new construction: $454.2 million

Percent tax roll change including new construction: 9.6 percent


Hollywood

 

Taxable value: $13.2 billion

Percent change in value of existing properties: 8.2 percent

Value of new construction:$158.5 million

Percent tax roll change including new construction: 9.5 percent


Pompano Beach

 

Taxable value: $11.04 billion

Percent change in value of existing properties: 7.5 percent

Value of new construction: $154.1 million

Percent tax roll change including new construction: 9 percent


Pembroke Pines

 

Taxable value: $10.97 billion

Percent change in value of existing properties: 6.9 percent

Value of new construction: $106.1 million

Percent tax roll change including new construction: 7.9 percent


Coral Springs

 

Taxable value: $9 billion

Percent change in value of existing properties: 6.3 percent

Value of new construction: $15 million

Percent tax roll change including new construction: 6.5 percent


Davie

 

Taxable value: $8.3 billion

Percent change in value of existing properties: 6.2 percent

Value of new construction: $171.7 million

Percent tax roll change including new construction: 8.4 percent


Weston

 

Taxable value: $7.9 billion

Percent change in value of existing properties: 5.6 percent

Value of new construction: $20.9 million

Percent tax roll change including new construction: 5.9 percent


Deerfield Beach

 

Taxable value: $6.1 billion

Percent change in value of existing properties: 7.9 percent

Value of new construction: $21.6 million

Percent tax roll change including new construction: 8.3 percent


Coconut Creek

 

Taxable value: $3.6 billion

Percent change in value of existing properties: 8.4 percent

Value of new construction: $36.3 million

Percent tax roll change including new construction: 9.5 percent


Dania Beach

 

Taxable value: $3.2 billion

Percent change in value of existing properties: 8.5 percent

Value of new construction: $27.2 million

Percent tax roll change including new construction: 9.4 percent


Cooper City

 

Taxable value: $2.6 billion

Percent change in value of existing properties: 4.5 percent

Value of new construction: $17.5 million

Percent tax roll change including new construction: 5.2 percent


Hallandale Beach

 

Taxable value: $5 billion

Percent change in value of existing properties: 7.7 percent

Value of new construction: $134.6 million

Percent tax roll change including new construction: 10.6 percent


Lauderdale-by-the-Sea

 

Taxable value: $2.2 billion

Percent change in value of existing properties: 6.9 percent

Value of new construction: $5 million

Percent tax roll change including new construction: 7.1 percent


Hillsboro Beach

 

Taxable value: $1.2 billion

Percent change in value of existing properties: 4.8 percent

Value of new construction: $17.7 million

Percent tax roll change including new construction: 6.4 percent


Lauderdale Lakes

 

Taxable value: $961 million

Percent change in value of existing properties: 8.8 percent

Value of new construction: $5.4 million

Percent tax roll change including new construction: 9.4 percent


Lauderhill

 

Taxable value: $2.3 billion

Percent change in value of existing properties: 7.96 percent

Value of new construction: $9.4 million

Percent tax roll change including new construction: 8.4 percent


Lazy Lake

 

Taxable value: $6.4 million

Percent change in value of existing properties: 7.5 percent

Value of new construction: $6,520

Percent tax roll change including new construction: 7.6 percent


Lighthouse Point

 

Taxable value: $2.1 billion

Percent change in value of existing properties: 5.2 percent

Value of new construction: $15.4 million

Percent tax roll change including new construction: 5.9 percent


Miramar

 

Taxable value: $8.6 billion

Percent change in value of existing properties: 6.7 percent

Value of new construction: $138.2 million

Percent tax roll change including new construction: 8.5 percent


Margate

 

Taxable value: $2.6 billion

Percent change in value of existing properties: 7.9 percent

Value of new construction: $9 million

Percent tax roll change including new construction: 8.2 percent


Plantation

 

Taxable value: $8.2 billion

Percent change in value of existing properties: 6.2 percent

Value of new construction: $31.99 million

Percent tax roll change including new construction: 6.7 percent


Parkland

 

Taxable value: $4.2 billion

Percent change in value of existing properties: 2.99 percent

Value of new construction: $298 million

Percent tax roll change including new construction: 10.8 percent


Tamarac

 

Taxable value: $3.2 billion

Percent change in value of existing properties: 8.3 percent

Value of new construction: $38.4 million

Percent tax roll change including new construction: 9.6 percent


Oakland Park

 

Taxable value: $2.7 billion

Percent change in value of existing properties: 8.3 percent

Value of new construction: $7.3 million

Percent tax roll change including new construction: 8.6 percent


North Lauderdale

 

Taxable value: $1.2 billion

Percent change in value of existing properties: 10.65 percent

Value of new construction: $963,000

Percent tax roll change including new construction: 10.7 percent


Wilton Manors

 

Taxable value: $1.2 billion

Percent change in value of existing properties: 8.5 percent

Value of new construction: $4.3 million

Percent tax roll change including new construction: 8.9 percent


Pembroke Park

 

Taxable value: $628.3 million

Percent change in value of existing properties: 6.5 percent

Value of new construction: $11.5 million

Percent tax roll change including new construction: 8.5 percent


Sea Ranch Lakes

 

Taxable value: $193.7 million

Percent change in value of existing properties: 5.6 percent

Value of new construction: $5.5 million

Percent tax roll change including new construction: 8.6 percent


Sunrise

 

Taxable value: $6.2 billion

Percent change in value of existing properties: 6.95 percent

Value of new construction: $63.8 million

Percent tax roll change including new construction: 8.1 percent


Southwest Ranches

 

Taxable value: $1.3 billion

Percent change in value of existing properties: 4.4 percent

Value of new construction: $14.8 million

Percent tax roll change including new construction: 5.6 percent


Unincorporated

 

Taxable value: $728.6 million

Percent change in value of existing properties: 5.4 percent

Value of new construction: $484,030

Percent tax roll change including new construction: 5.48 percent


West Park

 

Taxable value: $440 million

Percent change in value of existing properties: 9.6 percent

Value of new construction: $1.8 million

Percent tax roll change including new construction: 9.99 percent

© 2016 Sun-Sentinel


Florida Association of Realtors

 

2015 Year-End Statistics Shows Appreciation in Value of Fort Lauderdale Homes & Condos


Florida's housing market wrapped up 2015 with more closed sales, more new listings and higher median prices compared to the year before, according to the latest housing data released by Florida Realtors.

"In the fourth quarter and throughout 2015, we've seen positive signs that Florida's housing sector is growing steadily," said 2016 Florida Realtors®President Matey H. Veissi, broker and co-owner of Veissi & Associates in Miami. "Home prices are rising at a more moderate pace while closed sales remain strong. Florida's economy is in growth mode, more jobs are being created and mortgage interest rates remain at historically low levels, which will continue to drive the state's housing market in 2016."


Year-end 2015

 

Statewide closed sales of existing single-family homes totaled 274,769 in 2015, up 12.4 percent compared to the 2014 figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations.

New listings for existing single-family homes rose 3.7 percent in 2015 compared to 2014. The statewide median sales price for single-family existing homes in 2015 was $196,000, up 10.1 percent from the previous year.

Looking at Florida's year-to-year comparison for sales of townhouse-condos, a total of 114,969 units sold statewide in 2015, up 6.1 percent from 2014. The closed sales data reflected fewer short sales statewide in 2015 compared to the previous year: Short sales for condo-townhouse properties declined 44.6 percent while short sales for single-family homes dropped 34.1 percent.

New listings for townhouse-condos for the year increased 1.5 percent compared to a year ago. The statewide median price for townhouse-condo properties in 2015 was $150,000, up 7.1 percent over the previous year.

At the end of 2015 and also for 4Q 2015, inventory for single-family homes stood at a 4.3-months' supply, while inventory for townhouse-condo properties was at a 5.4-months' supply, according to Florida Realtors.

"2015 was a very strong year in terms of sales growth in Florida's single-family home markets, thanks to a sales surge that began in the fourth quarter of 2014 and lasted through the third quarter of 2015," said Florida Realtors Chief Economist Dr. Brad O'Connor. "In each of the first three quarters of 2015, we observed double-digit percentage increases in sales on a year-over-year basis. Year-over-year growth in 2015's final quarter was more subdued, signaling a possible return in 2016 to more stable rates of sales growth.

"We expect home prices, on the other hand, to continue to rise at an elevated pace in 2016, as much of the state is in the midst of an inventory shortage that is likely to persist throughout the year."

The interest rate for a 30-year fixed-rate mortgage averaged 3.85 percent for 2015, up from the previous year's average of 4.17 percent, according to Freddie Mac.


4Q 2015

 

Statewide closed sales of existing single-family homes totaled 63,305 in the fourth quarter of 2015, up 2 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. Closed sales typically occur 30 to 90 days after sales contracts are written.

New listings of single-family homes for sale in 4Q 2015 rose 0.9 percent compared to the same quarter the previous year. Meanwhile, the statewide median sales price for existing single-family homes for the quarter was $200,510, up 11.4 percent from 4Q 2014.

Looking at Florida's year-to-year comparison for sales of townhouse-condos, a total of 26,289 units sold statewide in 4Q 2015, up 0.8 percent compared to the same period a year earlier. Meanwhile, new listings of townhouse-condos rose 2 percent in the quarter compared to 4Q 2014. The statewide median price for townhouse-condo properties in 4Q 2015 was $152,000, up 6.3 percent over the previous year.

© 2016 Florida Realtors



Year End Real Estate Market Reports

 

Click on the buttons to download a pdf of statistical reports.

 

Some Charts you might find interesting



Fort Lauderdale Home Price Index

 

most recent fort lauderdale home price index standard and poor's case shiller

 

The latest Standard & Poor's / Case-Shiller Home Price Index
for South Florida (the Fort Lauderdale, Miami-Dade and Palm Beach reporting area)
versus the U.S. Average




Median Sale Price History Single Family Homes in Fort Lauderdale (Broward)

 

monthly median sale price single family homes in Fort Lauderdale

 




Foreclosure Activity Top 10 States

 

Florida Foreclosures Drop 39%

 

foreclosure activity according to Black Knight Financial Services Mortgage Monitor Report shows decrease in Florida foreclosures of 39%

 

Florida's 39% Reduction in Foreclosure Activity in 2015 was the sharpest decline of any state according to the Black Knight Financial Services Mortgage Monitor Report. Based upon current Foreclosure Sales activity Florida has only a 3 Year Pipeline




 

Year By Year Foreclosure Activity

 

historical foreclosure activity in United States according to Black Knight Financial Services Mortgage Monitor Report

 

Source: Black Knight Financial Services Mortgage Monitor Report, December 2015




Foreclosures Down 30% In Past Year

 

foreclosures decline according to realtytrac starts and completions chart



Fort Lauderdale Best Market for Home Appreciation

 

best market for home appreciation fort lauderdale florida

Interactive Chart

Foreclosure Rates, Broward County

(Run your mouse over the Zip Codes to see)

 




Freddie Mac Fort Lauderdale HPI

 

most recent freddie mac house price index for fort lauderdale and south florida

 

The latest Freddie Mac South Florida House Price Index
(the Fort Lauderdale, Miami-Dade and Palm Beach reporting area)




Freddie Mac U.S. House Price Index

 

latest national house price index from mortgage company freddie mac

 

The latest Freddie Mac National House Price Index




The Best Home Appreciation in The U.S.

 

best market for home appreciation fort lauderdale florida

 



Property Taxes vs. Median Price

Florida ranks 29th Among All States

(Click on Graphic Below to Call Up / Download Larger pdf Version)

 

propety taxes versus median price



 

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