Coral Springs Home Prices – Year in Review

Single family homes sales volumes decreased 3.2% from 2017 to 2018.  It was also the lowest sales volume since 2015.

Days to sell – how long a home sits on the market before going under contract. The days to sell has remained steady around 30 days for single family homes in Coral Springs.

Single Family Home prices in Coral Springs are at a five year high reaching a median price of $404,000 in 2018.  Year over year prices have increased 5.8%.  Since 2004 prices have increased 22.42%.

Condos, Townhouses and Villas in Coral Springs have already reached the highest prices since 2014.  The median price in 2018 was $140,000.  Year over year prices increased 9% and since 2014 increased 55.6%.   The days to sell was also the lowest since 2014 at 25 days.  As single family home prices increase it prices some buyers out of that market and into the condo, townhouse / villa market.  This maybe the reason for the dramatic 55.6% price increase over the past 5 years.

Multi family (duplex, triplex and fourplex) properties in Coral Springs area also at 5 year highs, in 2018 the median price was $415,000.  Year over year prices have increased 10.5% and since 2014 prices have increased 47.4%.  Days to sell has been on a decline for the past 5 years going from 70 days to 25 days.

Empire Appraisal Group, Inc. has been helping clients make informed real estate decisions since 2005.   They have become the leading residential appraisal company in Broward County due to their accurate and reliable appraisals and excellent customer service.  When working with an appraisal company, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience.  Daniel Lindeman, the Chief Appraiser, is one of the top property appraisers in Florida, with over 15 years of expertise and 10,000+ appraisals to his credit.