mid 2015 trends - north broward

O N E S O T H E B Y S R E A L T Y . C O M

M I D - Y E A R U P D A T E

2015

R E A L E S T A T E M A R K E T R E P O R T

B R O W A R D / N O R T H E N D

Current Status: Broward*

Broward County, which contains cities such as Fort Lauderdale, Hollywood and Weston,

is seeing strong luxury interest as a more affordable, more suburban alternative to the

adjoining Miami-Dade market. Broward County had a larger number of prime single-family

transactions at 1,966 in the first half of 2015, reflecting the size and suburban character of

its luxury submarkets. Luxury homes also remain fairly affordable in Broward County; it is

possible to get into suburban luxury neighborhoods, such as the retail hub of Sunrise and

the affluent suburb of Weston, for under $200 per square foot.

Number of Transactions (YTD)

Average Price per Square Foot (YTD) 1

Luxury Spotlight (YTD)

1,966

$211

$1M to $5M Transactions

$5M to $10M Transactions

$10M+ Transactions

Avg. Home Price

$1,742,822Avg. Home Price

$5,703,571Avg. Home Price

N/A

# Sold

1939.8% of total transactions

# Sold

70.4% of total transactions

# Sold

00% of total

transactions

# Listed

695# Listed

59# Listed

21

* Numbers include only the county’s most prominent neighborhoods. For a full list, visit onesothebysrealty.com/trends (p. 4).

Lauderdale-by-the-Sea & Sea RanchSea Ranch Lakes and Lauderdale-by-the-Sea are adjacent, oceanfront communities north

of Fort Lauderdale. These two communities were among the top markets for appreciation

in north Broward, with double-digit price appreciation in Lauderdale-by-the-Sea (average of

$284–$542 PSF). There were only six sales in the gated enclave of Sea Ranch Lakes, five

of which were landlocked, in contrast to the prior year when there were no inland sales.

1. All percentage changes were calculated comparing 1st Half 2015 to 1st Half 2014.

Sea Ranch

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Lauderdale-by-the-Sea Sea Ranch

$600$300$0

$284$291

g 13%N/A

Waterfront: Avg. $/S.F.

Avg. Home Price

$708,917

$1,100,000

Lauderd.-by-the-Sea

Sea Ranch

Non-Waterfront

g 17%

N/A

Avg. Home Price

$2,450,000

$1,800,000

Lauderd.-by-the-Sea

Sea Ranch

Waterfront

g 24%

h 33%

$600$300$0

$542$311

g 32%g 6%

Spotlight: Luxury Single-Family Home Transactions*

Coral Ridge, Landings & Bay ColonyBay Colony, The Landings, and Coral Ridge are three adjacent oceanfront communities

located just west of the Intracoastal Waterway in Fort Lauderdale’s North End. The majority

of sales occurred in Coral Ridge, which contains the Coral Ridge Country Club as well as

a popular shopping strip along East Oakland Park Boulevard. These communities saw a

strong trend towards sales of smaller, more affordable homes.

Coral Ridge Country Club



Coral Ridge / C.R. Country Club The Landings

$600$300$0

$272 h 1%


Avg. Home Price

$821,640Coral Ridge/C.R.C.C

Non-Waterfront

h 12%

Avg. Home Price

$2,142,500

$1,389,935

$2,500,000

Coral Ridge/C.R.C.C

The Landings

Bay Colony

Waterfront

g 12%

h 1%

h 24%

$600$300$0

$532$405

g 33%g 10%


* The top 50% of each market, by average price.

Bay Colony

$471 g 13%

The Landings: no non-waterfront market

Bay Colony: no non-waterfront market

The Landings: no non-waterfront market

Bay Colony: no non-waterfront market

Lighthouse Point & Hillsboro BeachHillsboro Beach and Lighthouse Point are two exclusive villages situated on opposite

sides of the Intracoastal Waterway. Hillsboro is home to Broward’s largest concentration

of through-water homes, which enjoy both ocean and Intracoastal access on either side

of A1A. Only one house sold in Hillsboro, at $1,913 PSF. Lighthouse Point saw modest

appreciation with some compression at the upper end of the waterfront category.

Hillsboro Mile



Lighthouse Point Hillsboro Beach

$2,000$1,000$0

$201 No change


Avg. Home Price

$493,464Lighthouse Point

Non-Waterfront

g 11%

Avg. Home Price

$2,066,105

$6,010,000

Lighthouse Point

Hillsboro Beach

Waterfront

h 18%

g 37%

$2,000$1,000$0

$410$1,913

g 6%g 37%


Hillsboro Beach: no non-waterfront market

Hillsboro Beach: no non-waterfront market

©MMXV ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s In-ternational 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.

† For details on methodology, please see our 2015 report at onesothebysrealty.com/trends (p. 5).

View our full 2015 TRENDS Real Estate Report:

onesothebysrealty.com/trends

Interested in following live stats and listing activity?

Please visit onesothebysrealty.com/neighborhoods.

mid 2015 trends - north broward

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