Coral Ridge Home Values
$1,187,023
Down 2.0% 1-yr
Home values in Coral Ridge, Fort Lauderdale, Florida have been steadily increasing over the past few years. The median home value in Coral Ridge is now $1.4 million, up 49.6% from last year. This is significantly higher than the median home value for the entire Fort Lauderdale area, which is $536,000.
Neighborhood Overview
Coral Ridge is a well-established neighborhood in Fort Lauderdale, Florida, known for its charming ambiance, beautiful homes, and convenient location. Situated between the Intracranial Waterway and Middle River, Coral Ridge offers a blend of urban amenities and tranquil surroundings.
Established Neighborhood
Coral Ridge is one of Fort Lauderdale’s oldest neighborhoods, dating back to the 1940s. This established character is evident in the neighborhood’s mature trees, well-maintained landscaping, and classic architectural styles of homes.
Diverse Housing Options
Coral Ridge offers a variety of housing options, including single-family homes, condominiums, and townhouses. The neighborhood caters to various lifestyles and budgets, attracting families, retirees, and professionals alike.
Excellent Schools
Coral Ridge is served by highly-rated public schools, including Bayview Elementary School, Pine Crest School, and Westminster Academy. The neighborhood’s commitment to education is a significant factor in its appeal to families.
Proximity to Beaches
Coral Ridge is conveniently located near several renowned beaches, including Fort Lauderdale Beach and Lauderdale-by-the-Sea Beach. Residents enjoy easy access to the sun, sand, and surf.
Abundant Amenities
Coral Ridge boasts a variety of amenities, including shopping centers, restaurants, parks, and recreational facilities. The Coral Ridge Mall, Galleria Mall, and Whole Foods Market are all within close proximity.
Safe and Welcoming Community
Coral Ridge is known for its safe and friendly atmosphere. Residents enjoy a strong sense of community and take pride in maintaining the neighborhood’s well-kept appearance.
Overall, Coral Ridge is an attractive neighborhood offering a desirable lifestyle for residents of all ages and backgrounds. Its combination of classic charm, modern conveniences, and proximity to the beach makes it a popular choice for those seeking a vibrant yet relaxed living environment.
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 Coral Ridge
USA
- The median home price is $438,700.
- The average number of days on market for a home is 38.
- There is a 2.4-month supply of homes on the market.
- Home sales are expected to reach 4.7 million in 2023.
- Median home prices are up 11.6% from last year.
- The months of supply of homes is down from 2.9 last year.
Coral Ridge
- The median home price is $1.4 million.
- The average number of days on market for a home is 21.
- There is a 1.2-month supply of homes on the market.
- Home sales are expected to reach 2,000 in 2023.
- Median home prices are down 2.0% from last year.
- The months of supply of homes is up from 1.0 last year.
Overall Trends
The US real estate market is showing signs of cooling off, but it is still in a healthy state. Median home prices are still rising, but at a slower pace than they were last year. The number of homes for sale is also increasing, which is putting downward pressure on prices. However, the months of supply of homes is still relatively low, which means that there is still more demand for homes than there is supply. This is likely to keep prices from falling too much.
The Coral Ridge real estate market is also cooling off, but at a slower pace than the US market. This is because Coral Ridge is a very desirable neighborhood with a limited supply of homes for sale. Median home prices in Coral Ridge are still rising, but at a slower pace than they were last year. The average number of days on market for homes in Coral Ridge is also increasing, but it is still lower than the national average.
What to Expect
Home values in the United States have been steadily increasing over the past few years. The median home value in the United States is now $428,700, up 11.6% from last year. This is significantly higher than the median home value for the entire country, which is $391,000.
There are a number of factors that are contributing to the rising home values in the United States. One factor is the desirability of living in the United States. The United States is a large and diverse country with a lot to offer residents, including excellent schools, beautiful beaches, and a variety of restaurants and shops. Another factor is the limited supply of homes for sale in the United States. As demand for homes continues to increase, so do prices.
Home values in Coral Ridge, Fort Lauderdale, Florida have also been increasing over the past few years. The median home value in Coral Ridge is now $1.4 million, down 2.0% from last year. This is significantly higher than the median home value for the entire Fort Lauderdale area, which is $536,000.
There are a number of factors that are contributing to the rising home values in Coral Ridge. One factor is the desirability of the neighborhood. Coral Ridge is a well-established neighborhood with a lot to offer residents, including excellent schools, beautiful beaches, and a variety of restaurants and shops. Another factor is the limited supply of homes for sale in Coral Ridge. As demand for homes in the neighborhood continues to increase, so do prices.
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