2017 MID-YEAR UPDATE S I N G L E- F A M I LY H O M E S I N B R O WA R D ’ S MOST PROMINENT NEIGHBORHOODS
BROWARD
COUNTYWIDE STATISTICS | SINGLE-FAMILY HOMES
The key to Broward’s strong single-family market performance in 2016 was
TOTAL MARKET
owed to the relative value of the homes; priced in many markets at 30% to 50% less expensive than comparable product in Miami-Dade County.
WATERFRONT HOMES
NON-WATERFRONT HOMES
Coupled with strong economic performance in Broward, an expanding port, vibrant office markets and other significant economic drivers, the Broward single-family home market has shown its potential.
# FOR SALE
# SOLD
AVG. $/SF
# FOR SALE
# SOLD
AVG. $/SF
1,577
1,753
$185
3,094
5,561
$146
Pricing for single-family homes in Broward witnessed the most gains in Eastern Fort Lauderdale, specifically in Las Olas Isles, Harbor Beach, Victoria Park and Colee Hammock. Bay Colony in Broward’s North End also saw a
LUXURY MARKET
(THE TOP 50% BY AVERAGE HOME PRICE)
significant increase in pricing but the small sample size makes it difficult to truly compare to larger neighborhoods. While other areas did see some slight drops in pricing, there is still time for the overall 2017 numbers to outrank those of 2016 in the Broward single-family market.
# FOR SALE
# SOLD
AVG. $/SF
$1M – $5M
870
288
$294
$5M – $10M
60
3
$889
$10M+
26
1
$1,077
FOR MORE GUIDES AND REPORTS, PLEASE VISIT http://issuu.com/tejeragroup ©MMXVII ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s International Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated. Statistics provided by Integra Realty Resources – Miami\Palm Beach. The information contained herein is deemed accurate but not guaranteed.
Enrique Tejera, P.A. - 305.814.4686 info@sobeone.com
DISCOVER OUR WORLD. #ONLYWITHONE
WATERFRONT vs. NON-WATERFRONT MARKET SIZES BY NUMBER OF SINGLE-FAMILY HOME TRANSACTIONS
BROWARD / SOUTH END 22%
78%
EAST FORT LAUDERDALE 36%
64%
BROWARD / NORTH END 64%
36% WATERFRONT SINGLE-FAMILY HOMES
WESTERN SUBURBS 0%
NON-WATERFRONT
100%
SINGLE-FAMILY HOMES
6855 NW 122 AVENUE, PARKLAND
BROWARD / SOUTH END
EAST FORT LAUDERDALE
WATERFRONT HOMES
NON-WATERFRONT HOMES
AVG. $/SF
AVG. LUX PRICE
AVG. $/SF
AVG. LUX PRICE
HOLLYWOOD BEACH
$363/SF
$1.4M
$240/SF
$523K
h 2%
h 42%
0%
h 13%
HALLANDALE BEACH
$373/SF
$1.65M
$319/SF
$1M
h 39%
h 28%
h 30%
g 13%
NON-WATERFRONT HOMES
AVG. $/SF
AVG. LUX PRICE
AVG. $/SF
AVG. LUX PRICE
LAS OLAS ISLES
$610/SF
$4.6M
$575/SF
$2.17M
g 2%
g 61%
g 23%
g 60%
HARBOR BEACH
$627/SF
$2.95M
$316/SF
$1.29M
g 58%
g 2%
g 24%
h 52%
FORT LAUD. BEACH
$504/SF
$2.5M
$470/SF
$1M
h 33%
h 61%
h 2%
h 46%
$673/SF
$2.78M
$411/SF
$1.59M
h 20%
h 67%
g 5%
g 18%
$929/SF
Insufficient data: No sales
$322/SF
$968K
h 6%
g 12%
RIO VISTA
VICTORIA P. & C. HAMMOCK
SUNRISE KEY
CORAL RIDGE / C.R.C.C.
517 ISLE OF PALMS DRIVE, FORT LAUDERDALE
WATERFRONT HOMES
g 59% Insufficient data: No sales
Insufficient data: No sales
No non-waterfront single-family home market available
No non-waterfront single-family home market available
$470/SF
$1.1M
$289/SF
$778K
h 16%
h 62%
h 4%
h 10%
C.R.C.C: Coral Ridge Country Club
BROWARD / NORTH END
LAUDERDALE -BY-THE-SEA HILLSBORO BEACH LIGHTHOUSE POINT
BAY COLONY
SEA RANCH
THE LANDINGS
WESTERN SUBURBS
WATERFRONT HOMES
NON-WATERFRONT HOMES
NON-WATERFRONT HOMES
AVG. $/SF
AVG. LUX PRICE
AVG. $/SF
AVG. LUX PRICE
AVG. $/SF
AVG. LUX PRICE
$520/SF
$1.58M
$292/SF
$635K
$246/SF
$1.28M
h 4%
g 6%
h 14%
h 31%
g 4%
g 9%
$1,633/SF
$17.3M
$543K
g 81%
No non-waterfront single-family home market available
$173/SF
g 26%
No non-waterfront single-family home market available
g 3%
0%
$394/SF
$1.32M
$230/SF
$470K
$165/SF
$323K
h 8%
h 43%
g 6%
h 16%
g 12%
g 10%
$899/SF
$4.15M
$739K
g 60%
No non-waterfront single-family home market available
$206/SF
g 147%
No non-waterfront single-family home market available
h 2%
g 19%
$629/SF
$3.9M
$374/SF
$1.17M
$192/SF
$806K
g 102%
g 13%
g 6%
h 2%
g 3%
h 3%
$380/SF
$1.9M
h 11%
g 8%
Insufficient data: No sales
Insufficient data: No sales
To access our full 2017 TRENDS report, please visit http://issuu.com/tejeragroup/docs/2017_trends_annual_report_broward_e?e=12690857/46337668 Detailed methodology is found on page 66. Avg. Lux Price = The top 50% of each market by average home price
SOUTHWEST RANCHES
PLANTATION
SUNRISE
WESTON
PARKLAND
A RISING MARKET FOR FAMILIES Broward’s western suburbs, while not ocean- or canal-front, do offer a vast amount of manmade lakes where most luxury homes are built. These suburban residences generally maintain a much lower price per square foot and come at a much larger size than homes closer to the coast, making them an ideal option for families with young children. In addition to their affordability, the western suburbs tend to be safe living options with high-quality education. Weston, for example, has ranked as the best place to live in Florida several times and as one of the “best affordable suburbs” in the country.
All % changes reflect a comparison of current numbers vs. numbers during the same time period last year (January through June).