Lauderdale by the Sea Condo Market January 2016

Lauderdale by the Sea Condo Market January 2016 and price trends

Let us start with our Lauderdale by the Sea Condo Market January 2016 and the price trends we can see. Below is an easy overview chart with the comparison of sales statistics from January 2007-2016. This chart shows us as well the price trend. As we can see until January 2016  prices still fluctuating up and down.  This is an indicator for the Lauderdale by the Sea condo market that prices have not stabilized yet.

The chart below takes Lauderdale by the Sea Condo Market January 2006- 2016 Median Sales prices. Why are we taking Lauderdale by the Sea Condo Market January 2016 and the median sales price? It shows us the average price better for the market.

Median Sales 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.

Sales Median Price January

 

Month  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

 

To see current Lauderdale by the Sea Condos for Sale Click Here

Lauderdale by the Sea price trends January

Lauderdale by the Sea Condo Market January 2016

Sales Median Price 2007-2016

 

Month 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
Mar $268,000 $517,500 $340,000 $184,000 $150,000 $235,000 $245,000 $355,000 $340,000 $310,000
Apr $422,500 $372,500 $565,000 $400,000 $260,000 $261,250 $260,000 $265,000 $289,000 $345,000
May $415,000 $383,250 $294,000 $239,000 $237,500 $239,000 $366,900 $290,000 $285,000 $325,000
Jun $420,000 $330,000 $350,000 $269,000 $230,000 $373,500 $259,000 $279,500 $277,500 $295,500
Jul $355,000 $315,000 $500,000 $225,000 $195,250 $300,000 $549,000 $206,250 $340,000 $365,000
Aug $397,750 $305,000 $425,000 $242,000 $230,000 $255,000 $355,000 $262,500 $371,135 $311,000
Sep $278,500 $295,000 $430,000 $247,000 $236,250 $185,000 $250,000 $347,000 $356,000 $376,000
Oct $397,000 $272,000 $230,000 $275,000 $292,750 $239,000 $315,000 $302,500 $272,000 $338,000
Nov $345,000 $325,000 $265,000 $400,000 $197,500 $220,000 $332,500 $295,000 $292,500 $313,500
Dec $400,000 $269,000 $570,000 $267,500 $245,000 $575,000 $240,000 $295,000 $388,000 $326,300

 

Lauderdale by the Sea January 2016 Overview

We believe that the condo market is always a little slower in Lauderdale by the Sea in January. In January the holiday’s just past and not too many buyers and sellers focus on a condo sale. If you are a buyer or seller it is our believe that January is a great time for a transaction. Why, because the market at this time has not too much competition for either side of the transaction. For a better overview please see Lauderdale by the Sea price trends here. Click here to see more why January is a great time to buy or sell a condo in Lauderdale by the Sea.

Lauderdale by the Sea Condo Market January 2016 statistics taken from the Greater Fort Lauderdale MLS.  We believe they are accurate but not guaranteed.