IN DEPTH COMMUNITY PROFILES
FORT LAUDERDALE
Hollywood Beach, Hallandale Beach
Waterfront Properties
Single Family Homes
Condos
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
97
$492,491
$222,000
$180
2012
94
$542,113
$298,500
$138
Change
-3%
10%
34%
-23%
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
2011
1,537
$225,808
$160,500
$363
2012
1,395
$263,247
$187,000
$170
Change
-9%
17%
17%
-53%
2011
A gated community of waterfront homes with oversize docks on deepwater canals and no fixed bridges, Golden Isles in Hallandale is considered a hidden gem among avid boaters. Waterfront homes saw minimal changes in number of transactions last year, but an impressive 34% increase to median sales price indicates prices are on the rise. Bank owned properies continue to be a strong influence in the Hollywood and Hallandale waterfront condo market, representing 15% of sales in 2012.
1051 S Northlake Drive, Hollywood Offered at $2,295,000
FORT LAUDERDALE
Hollywood Beach, Hallandale Beach The Hollywood-Hallandale beach market is benefiting from the influx of investors chasing deeply-discounted condo resales. Single family homes remain steadily active as average sold prices continue to rise. The very active non-waterfront condo market in this sector is due to widely accessible price ranges. Increased property values and a decrease of the percentage of REO transactions, down to 22% versus 32% in 2011, indicate the absorption of inventor and possible evidence of market improvement.
5369 Southwest 34 Avenue, Hollywood Offered at $449,000 14
I TRENDS
Non-Waterfront Properties
Single Family Homes
Condos
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
2011
1,448
$147,186
$115,750
$96
2012
1,461
$180,569
$130,000
$98
1%
23%
12%
2%
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
2011
1,168
$87,953
$65,000
$79
2012
1,154
$100,052
$74,500
$75
Change
-1%
14%
15%
-5%
Change
O N E S O T H E B Y S R E A L T Y. C O M