{"id":84814,"date":"2016-02-08T18:08:48","date_gmt":"2016-02-08T22:08:48","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=84814"},"modified":"2016-02-08T18:08:48","modified_gmt":"2016-02-08T22:08:48","slug":"market-stats-las-olas-area-zip-code-33301","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/market-stats-las-olas-area-zip-code-33301\/","title":{"rendered":"Market Stats: Las Olas Area: Zip Code 33301"},"content":{"rendered":"

\"TGChartImage\"<\/a><\/p>\n

Zip Code 33301 is in the Las Olas<\/a> \/Fort Lauderdale<\/a> area.<\/p>\n

Since one year ago, the number of active listings is up 13.1% while the sold properties are down 6.7%.\u00a0 We are looking at annual figures,<\/p>\n

The pended are up 52.4%. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close.<\/p>\n

Average home prices are up 30.3% from last year.\u00a0 The price per square foot of a condominium or townhome residence (NOT PENTHOUSES), is approximately $344 per square foot \u2013 which is an increase of 19% over last year.<\/p>\n

Part of the reason for the increase of inventory:\u00a0 The competition could be all the new construction and incentives that developers are offering.\u00a0 Also, homes remain on the market an average of 125 days \u2014 an increase of 28.9% over last year.\u00a0Homes are selling within 93% of their originally listed price.<\/p>\n

The average listed price in zip code 33301 is $813,000 — a 30.3% increase over last year.\u00a0 The average sold price is $576,000.<\/p>\n

Important information: Months of Inventory.\u00a0 Currently, the Las Olas area is experiencing 8.6 months of inventory which is indicative of hedging towards a buyer’s\u00a0 market. This is a 21.1% increase from a year ago.<\/p>\n

Original Graphs.<\/a><\/p>\n

It is time to list, time to sell, time to upsize, time to downsize \u2014 money is still inexpensive to borrow.<\/p>\n