south florida mini stats 3rd qtr 2010

7
Presentable Market Data ***For more details call Caren Nealon at 954.325.2300***

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Presentable Market Data

***For more details call Caren Nealon at 954.325.2300***

3Q 2010 Quarterly Market ProfileProvided by ChartMaster Services, LLC exclusively for Keller Williams Realty

Single Family Detached Residences – SE Florida MLS, E. Ft. Lauderdale Area

• Cumulative monthly

sales of single family

detached houses have

been higher than in the

first 9 months of both

2008 and 2009

• YTD September, 2010

sales were +10.8%

above those of 2009

and +35.7% above

those of 2008

***For more details call Caren Nealon at 954.325.2300***

3Q 2010 Quarterly Market ProfileProvided by ChartMaster Services, LLC exclusively for Keller Williams Realty

Single Family Detached Residences – SE Florida MLS, E. Ft. Lauderdale Area

• Throughout 2009, median

sales prices were lower in

each quarter compared to

the same period in the

previous year until 1Q 2010

when the trend reversed and

stabilized through 3Q 2010

• The median 3Q 2010 sales

price was higher again by

+5.8% compared to that of

3Q 2009

• Through September, the

median sales price is nearly

flat compared to 2009

***For more details call Caren Nealon at 954.325.2300***

3Q 2010 Quarterly Market ProfileProvided by ChartMaster Services, LLC exclusively for Keller Williams Realty

Single Family Detached Residences – SE Florida MLS, E. Ft. Lauderdale Area

• A “Seller’s Market” is considered to exist when the inventory of properties for sale equals less than 6 months, a “Balanced Market” exists when inventory is in the 6-7 months range and a “Buyer’s Market” exists when inventory is above 7 months

• All properties priced above $300K currently exist in a Buyer’s market condition

• A given sub-market may be competing in very different conditions than the overall market indicates, so it pays to know those conditions for the part of the market in which you are interested

***For more details call Caren Nealon at 954.325.2300***

3Q 2010 Quarterly Market ProfileProvided by ChartMaster Services, LLC exclusively for Keller Williams Realty

Condo/Townhome Residences – SE Florida MLS, E. Ft. Lauderdale Area

• Cumulative monthly

Condo/Townhome sales

increased by +37.3%

through September, 2010

compared to the same

period of 2009

• Cumulative 2009 sales

were also +80% above

those of 2008

***For more details call Caren Nealon at 954.325.2300***

3Q 2010 Quarterly Market ProfileProvided by ChartMaster Services, LLC exclusively for Keller Williams Realty

Condo/Townhome Residences – SE Florida MLS, E. Ft. Lauderdale Area

• The Median sales price

was lower again in 3Q

2010, by -16.0%

compared to 3Q 2009,

continuing to be affected

by a large number of

Distressed Sale

transactions

• The decline brought the

3Q 2010 median sales

price to the lowest

quarterly price point in

the last 2 years, dropping

in each quarter since 4Q

2009

***For more details call Caren Nealon at 954.325.2300***

3Q 2010 Quarterly Market ProfileProvided by ChartMaster Services, LLC exclusively for Keller Williams Realty

Condo/Townhome Residences – SE Florida MLS, E. Ft. Lauderdale Area

3Q ONLY

• A “Seller’s Market” is considered to exist when the inventory of properties for sale equals less than 6 months, a “Balanced Market” exists when inventory is in the 6-7 months range and a “Buyer’s Market” exists when inventory is above 7 months

• All condo/townhome properties priced above $200K currently exist in a Buyer’s market condition

• A given sub-market may be competing in very different market conditions than the overall market indicates, so it pays to know the conditions for the part of the market in which you are interested

SE Florida MLS Data for Condo/Townhome residence sales. Data is believed to be accurate, but is not warranted. ChartMaster Services, LLC

***For more details call Caren Nealon at 954.325.2300***