Real Estate Market Update for Fort Lauderdale, FL

Video: Real Estate Community Tour for Fort Lauderdale, FL

See Real estate community tour for Fort Lauderdale, FL
Welcome to August's Market Update. Let’s take a look at residential real-estate activity in your area during the month of July. The number of active listings was down 5% from one year earlier, and down 6% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 500-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 48%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was 350-thousand dollars. The number of units sold decreased 34% year-over-year, and decreased 25% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Show Transcript
Map Information for Fort Lauderdale, FL
Area Information for Fort Lauderdale, FL
  • Population: 174,543
  • Median Age: 43.51 yr
  • Median Commute Time: 23 mins
  • Educational Climate*: 4
  • Sales Tax: 6%
  • Population Density: 5,026/sq mi
  • Population Change Since 2000: 2.78%
  • Closest Airport: Fort Lauderdale/hollywood International
  • Closest College: Atlantic Institute Of Oriental Medicine
  • Closest Jr. College: Ati Career Training Center
  • Median Household Income: $54,034
  • Annual Residential Turnover: 20%
  • Median Home Sales Price: $251,600
  • Closest Major Sports Team: Florida Panthers
  • Change Avg. Household Income Since 2000: 41.56%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Fort Lauderdale, FL
Median Age: 43.51 Married: 29% Number of Households: 79,237 Households with Children: 14,709
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Fort Lauderdale, FL

      School Name Distance Type Grades School Rating Parent Rating
      Sawgrass Elementary School 1.0 mi Public PRESCHOOL-5 3 0
      American Heritage 1.8 mi Private PRESCHOOL-12 0 0
      Western High School 2.3 mi Public 9-12 4 3
      Flamingo Elementary School 2.3 mi Public PRESCHOOL-5 4 3
      Central Park Elementary School 2.9 mi Public K-5 4 0
      Nob Hill Elementary School 3.2 mi Public PRESCHOOL-5 3 0
      Sandpiper Elementary School 3.5 mi Public K-5 3 0
      Country Isles Elementary School 3.8 mi Public PRESCHOOL-5 4 0
      Indian Ridge Middle School 3.8 mi Public 6-8 4 4
      The Sagemont School, Lower School Campus 3.8 mi Private PRESCHOOL-5 0 0
      Indian Trace Elementary School 4.0 mi Public PRESCHOOL-5 4 0
      Fox Trail Elementary School 4.1 mi Public K-5 4 0
      Bair Middle School 4.1 mi Public 6-8 2 3
      Tequesta Trace Middle School 4.1 mi Public 6-8 4 0
      Eagle Point Elementary School 4.2 mi Public PRESCHOOL-5 5 0
      Franklin Academy B 4.2 mi Public - 4 0
      Horizon Elementary School 4.2 mi Public PRESCHOOL-5 3 0
      Westpine Middle School 5.0 mi Public 6-8 2 3
      Everglades Elementary School 5.0 mi Public K-5 5 0
      Imagine School South Campus 5.2 mi Public K-8 4 0
      Gator Run Elementary School 5.3 mi Public PRESCHOOL-5 5 5
      Millennium Middle School 5.4 mi Public 6-8 2 0
      Challenger Elementary School 5.4 mi Public PRESCHOOL-5 3 0
      Discovery Elementary School 5.5 mi Public K-5 4 0
      Mirror Lake Elementary School 5.5 mi Public PRESCHOOL-5 3 0
      Imagine Middle School West 5.5 mi Public PRESCHOOL-8 4 0
      Imagine Charter School At Weston 5.5 mi Public PRESCHOOL-8 5 0
      Piper High School 5.6 mi Public 9-12 1 3
      Excelsior Charter Of Broward 5.8 mi Public K-5 3 0
      Everest Charter School 5.8 mi Public K-5 4 0
      Plantation High School 5.8 mi Public 9-12 2 4
      Silver Ridge Elementary School 5.8 mi Public K-5 4 0
      Griffin Elementary School 5.9 mi Public PRESCHOOL-5 4 0
      Peters Elementary School 5.9 mi Public PRESCHOOL-5 3 0
      Archbishop Edward Mccarthy High School 6.0 mi Catholic 9-12 0 4
      Manatee Bay Elementary School 6.1 mi Public PRESCHOOL-5 5 0
      Ben Gamla Charter School South Broward 6.1 mi Public K-12 4 0
      Ben Gamla Charter School Hallandale 6.1 mi Public K-8 3 0
      Ben Gamla Charter High School 6.1 mi Public K-12 2 0
      North University High School 6.1 mi Public 9-12 0 0
      Falcon Cove Middle School 6.1 mi Public 6-8 5 0
      Cypress Bay High School 6.2 mi Public 9-12 5 4
      Tropical Elementary School 6.5 mi Public PRESCHOOL-5 4 0
      Hawkes Bluff Elementary School 6.5 mi Public PRESCHOOL-5 4 5
      Cooper City Elementary School 6.6 mi Public K-5 4 3
      Charter School Of Excellence Tamarac 2 6.7 mi Public K-5 2 0
      Seminole Middle School 6.7 mi Public 6-8 3 0
      University School Of Nova South 6.8 mi Private PRESCHOOL-12 0 0
      Franklin Academy E 6.9 mi Public K-8 4 0
      Franklin Academy F 6.9 mi Public K-8 4 0
      Nur-ul-islam Academy 6.9 mi Private PRESCHOOL-12 0 0
      American Preparatory Academy 7.1 mi Private K-12 0 0
      Nova Middle School 7.2 mi Public 6-8 3 3
      Nova High School 7.2 mi Public 9-12 4 4
      Pioneer Middle School 7.2 mi Public 6-8 4 0
      Plantation Park Elementary School 7.2 mi Public K-5 3 0
      William T. Mcfatter Technical Center 7.2 mi Public 9-12 5 4
      Pivot Charter School 7.3 mi Public 6-12 1 1
      Cooper City High School 7.4 mi Public 9-12 4 3
      South Plantation High School 7.4 mi Public 9-12 3 3
      College Academy At Broward College 7.5 mi Public 11-12 0 4
      Nova Blanche Forman Elementary School 7.6 mi Public K-5 4 0
      Nova Dwight D. Eisenhower Elementary School 7.6 mi Public K-5 4 0
      Somerset Academy Davie Charter 7.6 mi Public K-5 5 0
      David Posnack Jewish Day School 7.8 mi Private K-12 0 0
      Conservatory Prep Senior High School 7.8 mi Private 6-12 0 0
      City/pembroke Pines Charter High School 7.8 mi Public 9-12 5 4
      Rohr Bais Chaya Academy 7.8 mi Private 9-12 0 0
      Renaissance Charter School At University 8.0 mi Public K-8 3 0
      Plantation Elementary School 8.0 mi Public PRESCHOOL-5 0 0
      Silver Trail Middle School 8.3 mi Public 6-8 5 0
      Rise Academy School Of Science And Technology 8.4 mi Public K-8 2 0
      Pine Ridge Alternative Center 8.4 mi Public K-6 0 0
      Parkway Middle School 8.5 mi Public 3-8 3 3
      Pathways Academy K-8 Center 8.8 mi Public K-8 2 0
      Fort Lauderdale Preparatory School 9.2 mi Private PRESCHOOL-12 0 0
      Oriole Elementary School 9.5 mi Public PRESCHOOL-5 0 0
      Boyd H. Anderson High School 9.6 mi Public 9-12 1 3
      New River Middle School 9.7 mi Public 6-8 2 0
      Dillard 6-12 9.8 mi Public 6-12 1 3
      Saint Thomas Aquinas High School 9.8 mi Catholic 9-12 0 4
      William Dandy Middle School 10.0 mi Public 6-8 1 4
      Dillard Elementary School 10.0 mi Public PRESCHOOL-5 0 0
      Stranahan High School 10.6 mi Public 9-12 1 3
      Somerset Academy Village Charter Middle School 11.7 mi Public K-8 2 0
      Pace Center For Girls, Inc 11.7 mi Public 6-12 0 0
      Whiddon Rodgers Education Center 11.9 mi Public 6-12 0 3
      Florida Virtual Academy At Osceola County 12.0 mi Public K-9 3 0
      Florida Virtual Academy At Broward County 12.0 mi Public K-12 2 0
      Fort Lauderdale High School 12.0 mi Public 9-12 4 4
      Charter School Of Excellence 12.2 mi Public K-5 4 0
      Virginia Shuman Young Elementary School 12.6 mi Public PRESCHOOL-5 5 4
      North Andrews Gardens Elementary School 12.6 mi Public K-5 2 5
      Harbordale Elementary School 12.7 mi Public K-5 4 0
      Northeast High School 12.9 mi Public 9-12 1 3
      Floranada Elementary School 13.3 mi Public K-5 3 0
      Bayview Elementary School 13.5 mi Public K-5 5 0
      Pine Crest School 13.7 mi Private PRESCHOOL-12 0 0
      Westminster Academy 14.4 mi Private PRESCHOOL-12 0 0
      Cardinal Gibbons High School 14.4 mi Catholic 9-12 0 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Fort Lauderdale, FL
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.