Fort Lauderdale City Commissioners will vote this evening on a new law targeting property owners, including banks of neglected vacant properties.  The final vote will be in two weeks which will designate these properties as “nuisance properties.”  This new law will tighten up the time the city has for cleaning up a distressed property and levying fines.  Among the victims of distressed properties are the surrounding neighbors and this new law should should be comforting.

read more about this in an article at Sun-Sentinel.

Return to Fort Lauderdale Real Estate home page

April 2009 figures for Home Sales in Fort Lauderdale continue for the 3rd straight month with an upward trend.

Both Single family home sales and Condo sales were up double digits in April as well as up double digits for Pending sales in both categories.

Total Inventory for all property types has shrunk.

Closed Sales for Single Family Homes for sale in Fort Lauderdale shot up 29% in April over last month and up 16% from same period last year.

Average Sales Price for a Single Family home was down 7% from March and down 35% from last year.  No doubt Fort Lauderdale short sales and Fort Lauderdale REO Bank foreclosures played a significant part.

The Median Sales Price for a Single-Family home was down 4% from last month and down 30% from same time last year.

Single Family Pending Sales up 29% from March and up 87% from same period last year!

Single Family inventory is down 9% from March and down 33% from April 2008.

Closed Sales for Fort Lauderdale Condos in April were up 24% from March and up 17% from April 2008.

The Condo Average Sales Price was down 14% over last month and down 45% from same time last year.

The Condo Median Sales Price was down 11% from last month and down 45% from April 2008.

Pending Sales for Condos in May were up 26% from last month and up 73% from same period last year.

Condominium Inventory is down 6% from March and down 24% from April 2008.

3 straight months of positive numbers for the Fort Lauderdale Real Estate market has many believing a bottom has been reached.   There are still short sales and bank foreclosures, and this will continue for awhile, however, I am seeing multiple offers more and more with cash buyers becoming very aggressive.  I am also seeing qualified sellers seeking to take advantage of loan remodifications.

First time buyers are taking advantage of low interest rates as well as a possible tax credit.

Contact me today at 954-850-2397 if you are considering buying a home or condo or if you are interested in selling your home.

Buyers can begin the home search process by viewing the Fort Lauderdale MLS for available properties for sale including short sales and REO Bank Owned Foreclosures.

March Home Sales & Pending Sales Continue Upward | Inventory Falls

Return to Fort Lauderdale Real Estate - Home Page

March Listing & Sales Activity for 333 Las Olas Way Fort Lauderdale, Las Olas River House show 1 new listing in March which was neither a short sale or REO bank foreclosure.  There were a total of 46 available condos for sale at Las Olas River House in March (18%).

Pending Sales Activity at Las Olas River House in March

There were 2 condos pending in March

• 2905 (Columbus), 2 bed/ 3 baths, Listed Price - $725,999 (short sale)
• 3305 (Columbus), 2 bed/ 3 baths, Listed Price - $599,000 (short sale)

Recent Sales at Las Olas River House in March

There were 2 closed sales at Las Olas River House in March with an Average Sales Price per square foot of $213.00.  Average Days on Market were 51.*

• 1604 (Columbus), 2 bed/ 3 bath, Listed Price - $530,000
• 1007 (Chelsea), 2 bed/ 2.5 bath, Listed Price - $429,900

Year to Date Average Sales Price - $566,000

Year to Date Median Sales Price - $490,000

For more information about buying Las Olas River House condos for sale  or for a market analysis for selling a condo at Las Olas River House, contact me today at 954-850-2397.

Las Olas River House Listing & Sales Activity - February 2009

Recent Statistics for Property Values for Fort Lauderdale homes and condos.

Search Fort Lauderdale MLS available property listings for sale including Fort Lauderdale short sales and Fort Lauderdale REO Bank Foreclosures.

Return to Fort Lauderdale Real Estate Home Page

Source: Fort Lauderdale MLS.  Information believed accurate but not warranted.  Days on Market  could vary if property was previously listed.

Listing & Sales activity for 347 N New River Drive Fort Lauderdale, WaterGarden Condo in Downtown Fort Lauderdale show 4 new listings added in March.  1 new short sale and none were REO bank foreclosures.  Total number of condos for sale at WaterGarden in March was 26, with just 8% of the building listed for sale.

Pending Sales at WaterGarden Condo in March 2009

There were no pending sales at 347 N New River Drive, WaterGarden Condo in March

Recent Sales at WaterGarden Condo - March 2009

There were 2 closed sales at Watergarden in March with an average price per square foot of $348.50.  Average Days on the market was 16*.

• 803   (Moonglow), Listed Price $464,000 - Sold Price $452,000 (97%)
• 1102 (Stardust), Listed Price $395,000 - Sold Price $380,000 (96%)

Year to Date Average Sales Price is $445,250.

Year to Date Median Sales Price is   $456,000.

For more information about buying condos for sale at WaterGarden or for a market analysis for selling a condo at WaterGarden, contact me today at 954-850-2397.

Recent statistics for Property Values for Fort Lauderdale Homes and Condos.

Search Fort Lauderdale MLS for available home and condo listings for sale including Fort Lauderdale short sales and Fort Lauderdale REO Bank Foreclosures.

WaterGarden Condo Listing & Sales activity - February 2009

Return to Fort Lauderdale Real Estate home page

Source: Fort Lauderdale MLS.  Information believed accurate but not warranted.  Days on Market  could vary if property was previously listed.

Vacationing in Fort Lauderdale, Florida has just been made easier by the launch of a new website GoFortLauderdaleFlorida.com.

GoFortLauderdaleFlorida.com is a brand new site on the web that promotes all the wonderful amenities that the Fort Lauderdale Area has to offer.  

Accommodations, attractions, restaurants, entertainment and much more are available on this easily navigatable website.

Whether you are looking for a seafood restaurant, five star resort or classical music performance, it’s all there on this wonderful source of area information.

Disclosure - I am featured Realtor on GoFortLauderdaleFlorida.com.  I visited this site and felt it is a great source for anyone visiting the Fort Lauderdale area so I agreed to feature it on my Fort Lauderdale Blog.

Visit GoFortLauderdaleFlorida.com to plan your next get-a-way to fun in the sun.

Return to Fort Lauderdale Real Estate - home page

First quarter figures for Listing & Sales activity at Symphony Condo in downtown Fort Lauderdale, located at 600 & 610 W Las Olas Blvd report a total of 10 New Listings; 3 listed as short sales and none were listed as REO Bank Foreclosures.  The percentage of condos for sale at Symphony is just 10%.

Peding Sales at Symphony January - March 2009

There were no pending sales in January or February and 3 pending sales for March.

• 1216-N, 2 bed/2 baths List Price $290,000
• 301-S, 2 bed/ 2 baths, List Price $269,000
• 1815-N, 2 bed/ 2 bath, List Price $231,900

Recent Sales at Symphony January - March 2009

There were 5 Closed Sales between January and March:

• 1708-S, 2 bed/2.5 bath, List Price $499,900 - Sales Price $485,000 (97%) Short Sale
• 2102-S, 2 bed/ 2 bath, List Price $349,900 -Sales Price $333,000 (95%) (Foreclosure)
• 903-S, 2 bed/ 2 bath, List Price $379,000 - Sales Price $350,000 92%)
• 905-S, 2 bed/ 2 bath, List Price $350,000 - Sales Price $260,000 (74%) Short Sale
• 721-N, 2 bed/ 2bath, List Price $289,000 - Sales Price $240,000 (83%)

Average Days on Market 134.

For more information about buying condos for sale at Symphony or for a market analysis for selling a condo at Symphony, contact me today at 954-850-2397.

Recent Statistics for property values for Fort Lauderdale homes and condos for sale

View Fort Lauderdale MLS - available property listings for sale.

Return to Fort Lauderdale Real Estate - Home Page

February Listing & Sales Activity for Victoria Park - Fort Lauderdale

There were 8 New Listings added to the market in February bringing inventory to 53 homes for sale or 2%.

11 homes for sale as short sales and no foreclosures.

Victoria Park Homes Sold In February 2009

There were 2 Recent Sales in Victoria Park in February

• 514 NE 13th Ave, 4 bed/ 4 baths, pool home.  Listed Price $990,000.  Sold Price $900,000.  Selling Price per Square Foot - $259.
• 703 NE 17th Way, 4 bed/ 4 baths, pool home. (Bank owned Foreclosure).            Listed Price $759,900.  Sold Price $750,000.  Selling Price per Square Foot - $265,000.

Average Days on Market - 19.

Victoria Park Pending Sales in February 2009

1 Home went Pending (under contract) in February

• 1413 NE 4th Court, 2 bed/2 baths, pool home.  Listed Price $550,000.

For more information about buying or selling a home in Victoria Park, contact me today at 954-850-2397.

Search available Fort Lauderdale MLS property listings including Fort Lauderdale Short Sales and Fort Lauderdale bank owned Foreclosures.

Return to Fort Lauderdale Real Estate - Home Page

Source: Fort Lauderdale MLS.  Information believed accurate but not warranted.  Average Days on Market could vary if property was previously listed.

February Listing & Sales statistics for the Coral Ridge neighborhood report 17 new listings added for a total of 127 homes for sale in Coral Ridge.  This is a 23% reduction in inventory over last month with just 4% of homes listed for sale.

2 Short Sales were added in February while there we no REO bank foreclosures added.

Coral Ridge Homes Sold in February 2009

There were 7 homes sold in February

• 3080 NE 45th Street, waterfront-pool. Listed Price $1,795,000.  Sold Price $1,400,000.  Selling Price per sq ft - $381.
• 2616 NE 17th Street, pool.  Listed Price $1,690,000.  Sold Price $1,325,000. Selling price per sq. ft -  $338.
• 2800 NE 20th Court, pool. Listed Price $1,300,000.  Sold Price $$1,325,000.  Selling price per sq ft -  $333.
• 3011 NE 41st Street, waterfront - pool.  Listed Price $1,195,000.  Sold Price $$1,065,000.  Selling price per sq. ft - $454.
• 1818 Coral Ridge Drive, pool. Listed Price $949,000.  Sold Price $825,000.  Selling price per sq. ft - $199.
• 2614 NE 15th St, pool. ListedPrice $849,000. Sold Price $$810,000.  Selling price per sq ft - $298.
• 2510 NE 47th Street, pool.  Listed Price $795,000.  Sold Price $750,000.  Selling price per sq. ft - 305.

Average Days on Market - 113.

Coral Ridge Pending Sales in February 2009

There was 1 home place under contract in February.

• 2873 NE 24th Street, waterfront-pool.  Listed Price $1Million

For more information about buying or selling a home in Coral Ridge, contact me today at 954-850-2397.

Search available Fort Lauderdale MLS Property Listings including Fort Lauderdale Foreclosures and Fort Lauderdale Short Sales

Return to Fort Lauderdale Real Estate Home Page

Source: Fort Lauderdale MLS. Information believed accurate but not warranted.   Average days on market could vary if property was previously listed.

March 2009 Home Sales figures in Fort Lauderdale continue in positive territory.

Closed Sales were up for for both single family homes and condos.  Pending Sales were up for single family homes, however, Pending Condo Sales were down slightly in March.  Total Inventory continues to shrink.

Closed Sales for Single Family Homes for sale in Fort Lauderdale in March were up 30% from last month and up 19% from same time last year.

March single family Average Sales Price is up 12% from February 2009, however, down 27% from last year.  A huge improvement from February 2009 versus February 2008 Average sales price which was down 42%.  Again, mainly due to the number of bank owned foreclosures and short sales.

Single family Median Sales Price was up 3% in March over last month, down 27% from same time last year.

Pending Sales for single family homes were up 3% over last month and up 86% over same period last year!

Inventory for single family homes was down 5% in March over February and down 27% from last year.

Closed Sales for Fort Lauderdale Condos were up 20% in March over February and up 5% from March 2008.

Average Sales Price for condos was down 4% from last month and down 29% from same time last year.

Median Sales Price was up 2% over last month and down 37% from March 2008.

Pending Condo Sales were down 4% over February, however, up 61% from February 2008!

Inventory for Condos is down 2% from last month and down 19% from last year.

It is still too early to tell for sure if we’ve reached bottom, however, it certainly looks like we have.  We need to continue to monitor the next few months.

If you are interested in condos for sale in Fort Lauderdale or buying a home in Fort Lauderdale, it may be time to consider stepping up to the plate.  Low interest rates, low prices and tax incentives may make it the right decision for you.

Contact me at 954-850-2397 if you are considering a home purchase or if you are interested in selling your home.

You can search Fort Lauderdale MLS available property listings including Fort Lauderdale Foreclosures and Fort Lauderdale Short Sales.

February Home Sales Up, Pending Sales Up and Inventory Down

Return to Fort Lauderdale Real Estate Home Page

WaterGarden Condo Listing & Sales activity report 6 new listings in February bringing the total number of condos for sale at WaterGarden to 28 out of 315 (8%).  None of the new listings were short sales or REO foreclosures.

Pending Sales at 347 N New River Drive - WaterGarden

1 condo, unit 1108 (skyview) at WaterGarden was placed under contract in February.  The Listed Price for this condo - $349,000.

Closed Sales at WaterGarden Condo, Fort Lauderdale

2 sales at WaterGarden in February:

Unit 1410 (Moonglow) - Listed Price: $499,000 - Sold Price: $478,000. (95%)

Unit 3011 (Stardust) - Listed Price: $485,000 - Sold Price: $460,000 (95%)

For more information about buying condos for sale at WaterGarden or for a market analaysis for selling a condo at WaterGarden, contact me today at 954-850-2397.

Recent Statistics for property values for Fort Lauderdale homes and condos

Search Fort Lauderdale MLS listings for homes and condos for sale including Fort Lauderdale Foreclosures and Fort Lauderdale Short Sales.

WaterGarden Condo Listing & Sales Activity - January 2009

Return to Fort Lauderdale Real Estate - Home Page