If you need assistance, please call 954-610-0563

Market Update | Andy Mandel's Blog

Thursday, December 26, 2019   /   by Andy Mandel

Cheers to a Happy and Healthy 2020

With 2019 drawing to a close, I want to wish you a happy and healthy 2020.


From our family to yours, we hope you have a very happy and, more importantly, healthy 2020. In 2019, we were able to help 68 families buy or sell a home, and our goal for 2020 is to boost that number all the way up to 100. If you know anyone who’s planning on buying or selling in the new year, send them our way. We’d love to be their resource. If you have any real estate resolutions for 2020 (refinancing, home improvements, etc.), I’d love to be a resource for you as well, so don’t hesitate to reach out to me. Thanks for your support, and have a happy New Year.

Read More


  buyer, seller, buy, market update, home value, rent, renter, fsbo, expired

Monday, July 15, 2019   /   by Andy Mandel

Summer Market Update for Coral Springs Real Estate

I’ve got a quick update to share with you today about the Coral Springs real estate market and what we saw in the second quarter of 2019. We’re starting to see a familiar trend here that we’ve noticed over the last six to eight months when it comes to single-family homes.


The number of new homes hitting the market is up about 9% from where it was last year. At the same time, there are about the same number of closed sales as last year. That’s a good thing because they’re not declining, but it’s certainly something to pay attention to going forward. The median price in Coral Springs is also up to $415,000 from $405,000 last year—about a 2.5% increase.


With that being said, buyers have more to choose from right now so they’re being a little pickier about the homes they make offers on. This means your home has to be priced accurately in order to sell.


Our average days on market is up about 7% to about 50 days. This is to b ...

Read More


  market update

Tuesday, April 9, 2019   /   by Andy Mandel

Is Our Market Crashing?

What’s really going on in the market? It’s not a crash, but there’s definitely a shift occurring.

Want to sell your home? Get a FREE home value report.Want to buy a home? Search all homes for sale. 
Though you may be hearing from various news outlets and other sources that the market is crashing, it’s simply not true. Negative headlines attract more attention than positive ones, so it’s easy for the media to skew the truth.


However, it’s true that there are some changes occurring in our Coral Springs market.


For single-family homes, we saw 8% more listings in 2018 compared to 2017. This is the first increase we’ve seen in the last five years. At the same time, we had 3% fewer sales. If you look at supply and demand, the combination of more homes on the market and fewer home sales creates downward pressure on the market.


At the beginning of 2018, people were fearing a market crash due to unsustainable grow ...

Read More


  market update

Thursday, October 11, 2018   /   by Andy Mandel

What’s the Latest in Coral Springs Real Estate?

Want to sell your home? Get a FREE home value report.Want to buy a home? Search all homes for sale.




It’s time for another market update for the third quarter of 2018. For the purpose of this blog, we’re only going to be talking about single-family homes in the city of Coral Springs today.


When compared to the third quarter of 2017, the number of homes we saw come on the market in the third quarter of 2018 is up 9.2%. At the same time, the number of closed sales is down by 3.7% during that time frame.


The median price now sits at $410,000, which is up 5.81% from the $387,500 mark it was at during third quarter of 2017. The average days on market is down to 24 days. Homes are still selling quickly, there are just fewer of them selling overall.


In a balanced market, we will see about six months’ worth of inventory. This means that if no more homes hit the market, it would take six months for all the homes on the market to sell. ...

Read More


  market update

The Mandel Team at Re/Max
Andy Mandell
9615 Westview Drive
Coral Springs, FL 33076
954-610-0563

The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
The information provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
This site powered by CINC: www.cincpro.com