Victoria Park Home Values
$860,000
1.5% 1-yr
The median home sale price in Victoria Park, Fort Lauderdale, FL, as of September 2023, was $860,000. This is up 1.5% from last year. The median sale price per square foot is $418, down 8.7% since last year. Homes in Victoria Park typically sell after 71 days on the market.
Neighborhood Overview
Nestled amidst the vibrant city of Fort Lauderdale, Florida, lies the charming neighborhood of Victoria Park. Established in the 1930s, Victoria Park exudes a timeless elegance with its lush tree-lined streets, historic architecture, and serene atmosphere. Despite its proximity to the city’s bustling attractions, Victoria Park retains a tranquil ambiance, making it a haven for families, professionals, and retirees alike.
Las Olas Boulevard
A vibrant street known for its shops, galleries, restaurants, and nightlife.
Fort Lauderdale Beach
A beautiful stretch of coastline with soft sand, clear water, and various beach activities.
Hugh Taylor Birch State Park
A scenic park offering walking trails, picnic areas, and water activities such as canoeing and kayaking.
Bonnet House Museum & Gardens
A historic home with art and a tropical garden, offering guided tours and cultural events.
Galleria Mall
A popular shopping destination featuring a variety of upscale shops and dining options.
Riverwalk Fort Lauderdale
A picturesque promenade along the New River, lined with shops, restaurants, and entertainment venues.
What Is The JG Home Values Index?
The JG Home Values Index is a metric used to assess the fluctuations and trends in the valuation of residential properties. It provides insights into the relative changes in home prices over a specific period, aiding in the evaluation of real estate market performance and investment opportunities.
Real Estate Market Data
Side by side most updated data for Victoria Park, Fort Lauderdale, Florida
USA
- The median listing home price in the USA in 2023 was $499,000. This is up 9.1% from 2022.
- The median sale price per square foot in the USA in 2023 was $196. This is up 6.8% from 2022.
- The average number of days homes were on the market in the USA in 2023 was 17.
- New-home sales in August 2023 stood at 675,000 units, reflecting a seasonally adjusted annual rate (SAAR).
Victoria Park, Fort Lauderdale
- The median listing home price in Victoria Park, Fort Lauderdale, FL in 2023 was $1.3 million. This is up 6.3% from last year.
- The median sale price per square foot in Victoria Park, Fort Lauderdale, FL in 2023 was $418. This is down 8.7% from last year.
- The average number of days homes were on the market in Victoria Park, Fort Lauderdale, FL in 2023 was 71. This is up from 40 days last year.
Overall Trends
In 2023, Victoria Park, Fort Lauderdale, FL’s real estate market shows steady price growth and moderate sales. The median home sale price rose 1.5% to $860,000, while listings surged to $1.3 million, indicating a robust seller’s market. Despite a slight dip in sale price per square foot, the market remains strong.
Days on market increased from 40 to 71, possibly due to cautious buyers and limited inventory. Inventory decreased from 58 to 51 homes, intensifying competition and propelling prices upward.
Overall, Victoria Park’s real estate outlook for 2023 is optimistic. Despite moderate sales, strong demand and limited inventory will likely maintain price growth. Buyers should act quickly in this competitive market, which is expected to remain dynamic and attractive.
What to Expect
Based on the 2023 real estate market trends in Victoria Park, Fort Lauderdale, FL, it is expected that the area will continue to experience steady price growth, driven by the sustained demand and limited housing inventory. Prospective buyers should anticipate a competitive market and be prepared to act promptly to secure properties. While the median home sale price has shown moderate increases, the market may see a slight moderation in sales activity. However, the overall optimistic outlook suggests that the robust demand will likely maintain the upward pressure on prices, making it a dynamic and appealing market for both buyers and sellers.
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