Citrus Isles Market Analysis: Accelerating/Inclining

Citrus Isles Fort Lauderdale

YEAR OVER YEAR Closed Sale Price values INCLINED by Median Price 20% to $545,000 from $452,500, by Average PRICE 2% to $577,638 from $563,900, by Closed Sale Price/LOT (area) 25% to $77.23 from $62.02, by Closed Sale Price/LIVING (area) 8% to $343.31 from $316.90, and by WATER (front) 52% to $7,654 from $5,044.

CURRENT INVENTORY: 6 listings; Median Price $633,000, Average PRICE $849,983, LOT $109.08, by LIVING $360.01, and WATER $11,209.

SPREAD (Current Inventory/Closed Sale Values Trail-12): Median Price 16% (higher), Average PRICE 47%, LOT 41%, LIVING 5%, and WATER 46%.

ALL INVENTORY TRAIL-12: 25, Median Price $694,000, Average PRICE $649,180, LOT $84.15, LIVING $353.01, and WATER $8,754.

SPREAD (All Inventory Trail-12/Closed Sale Values Trail-12): Median Price 27% (higher), Average PRICE 12%, LOT 9%, LIVING 3%, and WATER 14%.

PENDING SALES: 0.

STABILITY Trail-12 Closed Sale Values: Median Price/Average Price 94%; of the 19 closed sales, 58% were Under Average PRICE, 42% were Under Average LOT, 47% were Under Average LIVING, and 42% were Under Average WATER. 

MACRO MARKET TRENDS Trail-12: Closed Sales/Month INCLINED to 1.58 from 0.83; Days on Market DECLINED to 82 days from 154; Discount (from last list price) DECLINED to -3.48% from-8.26%; PRICE/RENT Ratio INCLINED to 25.14 from 19.07; Annual Rent DECLINED 22% to $22,980 from $29,571; Rentals/Month DECLINED to 0.25 from 0.58.

RANK Trail-36 Closed Sale Value by LOT by ISLE: Citrus $81.40, Tangelo $73.57, Mandarin $67.85, Avocado $65.29, Mango $64.90, Orange $56.65, and Guava $52.01.

RANK Trail-36 Closed Sale Value by LOT by ISLE by DOCK-FACE: Mandarin South $105.80, Citrus South $87.91, Tangelo North $73.69, Tangelo South $73.50, Mango North $73.11, Avocado North $70.57, Mango South $59.63, Avocado South $56.89, Orange North $56.55, Guava North $56.14, Mandarin North $50.87, Guava South $47.98.

CURRENT INVENTORY: 6 listings; Median Price $633,000, Average PRICE $849,983, LOT $109.08, by LIVING $360.01, and WATER $11,209.

SPREAD (Current Inventory/Closed Sale Values Trail-12): Median Price 16% (higher), Average PRICE 47%, LOT 41%, LIVING 5%, and WATER 46%.

ALL INVENTORY TRAIL-12: 25, Median Price $694,000, Average PRICE $649,180, LOT $84.15, LIVING $353.01, and WATER $8,754.

SPREAD (All Inventory Trail-12/Closed Sale Values Trail-12): Median Price 27% (higher), Average PRICE 12%, LOT 9%, LIVING 3%, and WATER 14%.

PENDING SALES: 0.

STABILITY Trail-12 Closed Sale Values: Median Price/Average Price 94%; of the 19 closed sales, 58% were Under Average PRICE, 42% were Under Average LOT, 47% were Under Average LIVING, and 42% were Under Average WATER. 

MACRO MARKET TRENDS Trail-12: Closed Sales/Month INCLINED to 1.58 from 0.83; Days on Market DECLINED to 82 days from 154; Discount (from last list price) DECLINED to -3.48% from-8.26%; PRICE/RENT Ratio INCLINED to 25.14 from 19.07; Annual Rent DECLINED 22% to $22,980 from $29,571; Rentals/Month DECLINED to 0.25 from 0.58.

RANK Trail-36 Closed Sale Value by LOT by ISLE: Citrus $81.40, Tangelo $73.57, Mandarin $67.85, Avocado $65.29, Mango $64.90, Orange $56.65, and Guava $52.01.

RANK Trail-36 Closed Sale Value by LOT by ISLE by DOCK-FACE: Mandarin South $105.80, Citrus South $87.91, Tangelo North $73.69, Tangelo South $73.50, Mango North $73.11, Avocado North $70.57, Mango South $59.63, Avocado South $56.89, Orange North $56.55, Guava North $56.14, Mandarin North $50.87, Guava South $47.98.