The Landings & Bay Colony

30

News and Statistics

By Rich Barnhart

S

ometimes I feel like a broken record
when talking about real estate
statistics, but fortunately this broken

record is music to our ears. The real
estate markets across the country are still
performing well and our local markets
continue to perform even better. We all
know it can’t last forever, but there is no
reason to believe the momentum we have

right now won’t continue.

S&P/Case-Shiller Home Indices – 
Miami/Fort Lauderdale Up 7%

The S&P/Case-Shiller 20-City Composite
Home Price Index measures the value of
residential real estate in 20 major U.S.
metropolitan areas. Their most recent composite data
released on September 27th showed national home price
gains of 5.02% from July of 2015 to July 2016. The
Miami/Fort Lauderdale market outperformed the national
market gaining 7.05% over the same period. This is
consistent with the February report which showed our median
prices up 7.1% year over year, further demonstrating the
consistency and stability in our marketplace.

REALTORS

®

Still Confident in the 

Florida Market

The August 2016 National Association of REALTORS

®

Confidence Index is based on data collected in a monthly
survey of 3,270 REALTORS

®

across the country. On

average real estate professionals expect median price
increases of 3.1% in the next 12 months, down slightly
from the January 2016 Survey. REALTORS

®

in Florida are

again more optimistic, joining just 4 other states (Colorado,
Oregon, Tennessee and South Carolina) that expect
median price increases greater than 4% to 5%. Only the
District of Columbia and Washington state expect higher
gains of over 6%. 

Local Market Watch – Single Family
Waterfront Homes up 9.7%

We follow 22 different market
segments in the Fort
Lauderdale area including
waterfront single family
homes and condos in
Broward County. The

Landings is

included in

our Coral Ridge/Landings

Single Family Report which includes

over 1,500 waterfront homes that share similar locations,
size, age and styles. This local market is large enough to
provide us with plenty of data points for reliable trending
and analysis. Our 6-month analysis is one of the most
accurate ways to analyze median price changes since it
removes seasonality by comparing the last 6 months with
the same period last year. Looking at the period from April
2016 to September 2016 median prices of single family
waterfront homes are up 9.7% over last year. 

One of our more popular charts shows Median Sale Prices
and Sales Volume over the past 10 years. The question we
frequently get is “are we back to peak prices yet?” We are
close, but not quite back to the peak of 2006/2007. The
better news is that our current market recovery is “real”
and based on sound fundamentals instead of crazy 
lending practices.

To read all of our local reports please visit our web site at
www.bythesearealty.com/market-watch  

I

Rich Barnhart, 
By the Sea Realty, Inc

954-351-7007 |www.bythesearealty.com

Real Estate