Lauderdale by the Sea Condo Market February 2016

What is The Lauderdale by the Sea Condo Market February 2016 doing?

You can see an overview right here what the Lauderdale by the Sea Condo Market February 2016 is doing right now. If you missed our January 2016 Market for Lauderdale by the Sea Condos click the link.

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
AVG Sales
Price
$511,500 $250,000 $242,500 $216,000 $212,500 $262,000 $249,900 $234,500 $275,000 $322,500

 

As you can see since  Feb 2014 the sales in February are on an upward trend in prices. This indicates that we are returning to a normal market.

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Lauderdale by the Sea Condo Sale Feb 2016

This graph is an easy overview what prices are for the month of February since 2007. Data for 2006 no longer are available. Overall prices have improved year over year in February and are on an upward trend. Surprisingly the average sale price for February 2016 is lower than Jan 2016 at $322,500.

Lauderdale by the Sea Condo Market February 2016

 

Lauderdale by the Sea Condos Sales Jan-Feb 2016

Median Price 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Jan $400,500 $467,908 $520,000 $298,750 $330,000 $422,500 $396,750 $350,000 $370,000 $335,000
Feb $511,500 $250,000 $242,500 $216,000 $212,500 $262,000 $249,900 $234,500 $275,000 $322,500

 

Lauderdale by the Sea Condo Average Sale Price

The median price equals the average sales price. To get to the median price we have taken all Lauderdale by the Sea condos sold sales prices for the month of January.   When counted all sold prices together we then divided the amount of condo sales in Lauderdale by the Sea which gives us the median sale price (average price).

We are taking the median price (average sales price) rather while this shows us more accurate what the Lauderdale by the Sea Condo market is doing. That helps us better to understand and forecasting the price trend for that market.

January 2016

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The market data for our Lauderdale by the Sea Condo Market February 2016 has been provided by the Great Fort Lauderdale Realtor MLS. It is believed to be accurate but not guaranteed.