North Lauderdale Market Update- October 2018
The median sale price of Single Family homes in North Lauderdale has dramatically increased starting at $116,000 in 2013 to $240,000 year to date.
The highest median days to sell was 35 days in 2015 and the lowest median days to sell was 19 in 2017.
The median sale price for Townhomes, Condos and Villas in North Lauderdale has also increased starting at $69,800 in 2013, to $145,000 year to date.
The highest median days to sell was 46 days in 2015.
About North Lauderdale
Source: http://www.nlauderdale.org/document/
North Lauderdale wasn’t always at the center of things. At its creation in 1963, it was a new frontier – literally and figuratively. At that time, it was largely farmland on the western edge of development in Broward County. North Lauderdale was originally grazing pasture for cows and horses of the Anderson Dairy Farm and also an agricultural area for the Lena Lyons Stringbean Farm. In recent years, Broward County has faced another development boom, but one that is quite different. While most growing areas in the country develop by sprawling outward, Broward County is building inward. The desire to move to Broward from Europe, the Caribbean, South America and the rest of the United States has never been greater. That demand has spurred Broward to rebuild itself in order to accommodate more and more people. And because of that, North Lauderdale, a suburb of Fort Lauderdale has seen one exciting project after another open its doors, making the city a more and more attractive place to live. The City may be a cozy five square miles, but its current growth spurt is just getting started. The City wrapped it’s 50th Anniversary year of celebration Dec. 31, 2013 by burying a time capsule on the front lawn of City Hall. The capsule contained numerous items, including copies of the local newspaper, notes from the elected officials, credit cards, etc., all reflecting operations at City Hall today.
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