Fort Lauderdale Real Estate Blog

Las Olas River House condo #2406 Just Sold.

Located in downtown Fort Lauderdale on the bank of the Nu River, standing 42 stories tall with 284 residences, Las Olas River House has become a Fort Lauderdale landmark.

Las Olas River House offers residents several floor plans ranging from 1,100 square feet to multi-level spectacular penthouses with more than 8,000 square feet.

More details on this Las Olas River House Condo Unit 2406 Just Sold.

For more information about buying or selling a condo at Las Olas River House, contact John Sabia at 954-850-2397.

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I recently visited several Ritz Carlton residences for sale in Fort Lauderdale and expectations were unquestionably met.  From the moment you arrive, you are greeted with unsurpassed service that one expects when visiting the Ritz Carlton.

Attention to detail is a signature mark and the residences more than exceeded my vision of opulent ocean front living while maintaining a valued sense of privacy.

Just some of the outstanding amenities at the Ritz Carlton residences include 24-hour concierge and room service, a 600 seat banquet hall, beach access via a private overpass from pool area, a 17,000 square feet world class Spa and Fitness Center and casual and elegant dining.

In addition, residents enjoy panoramic views of the Atlantic Ocean,  coastline, Intracoastal and Downtown Fort Lauderdale.

Pricing for Fort Lauderdale Ritz Carlton Condos start at just under $2 Million for 2,400 square feet and increase up to 15 Million for a 2-story penthouse with approximately 10,000 square feet of living area and about the same square feet of terraces.

For more information, contact John Sabia at 954-850-2397.

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*Photos are samples taken from several condos at Ritz Carlton Residences and do not reflect the design and decoration of every condo.  Prices subject to change.

Ritz Carlton Sarasota Florida

Great opportunity to rent at the Village at Sailboat Bend community just minutes to everything downtown Fort Lauderdale, Las Olas and beaches.  This 3 bedroom 3 bath 2-story townhome is only 1 of 4 similar townhomes.

This townhouse features a fenced in courtyard, perfect for entertaining, front porch at entry and an open porch off the master bedroom.  Lots of natural light from the many windows, wood flooring throughout, Chef-style gourmet kitchen with granite counters and stainless appliances.

There are also available condos and townhomes for sale at Village at Sailboat Bend and this community is located in Sailboat Bend, just west of Downtown Fort Lauderdale and east of I-95 and Broward Blvd.

For more information on this rental contact John Sabia at 954-850-2397.

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Is there any truth to the rumor that we may be seeing 4.500 mortgages in the near future?  Can the US Treasury somehow positively impact the mortgage market causing rates to drop?  Do we actually have reason to jump in jubilation?

A blog post by Kevin Sandridge, a mortgage broker in Winter Haven explained it very well.  Kevin highlights a few importan facts that you shoud know.  You can read more in his blog post Are Those 4.500 Percent Winter Haven Mortgages For Real?

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The 2 most common questions I hear over and over about the Fort Lauderdale Real Estate market are “Is now the time to buy?” and “have we reached the bottom?”

Every day we read and hear about real estate statistics and figures, inventory levels, foreclosures, sales projections and all sorts of experts claiming we’ve hit the bottom, the bottom is near or those claiming the bottom isn’t even close.

So how can you be certain that we’ve hit the real estate bottom? Financial Expert Suze Orman, in my opinion, gave the most clear and concise answer.

During a recent broadcast of her show, Suze explained “the absolute way to know for sure is prices always dictate if we have reached the bottom or not.”

Suze further explains that in her opinion, it does not matter how many properties are for sale, whether inventory levels are decreasing  or any other statistics.  If prices are continuing to decline, we have not reached the bottom.  “It is only when prices start to go up that we’ve reached the bottom.  

“Since real estate is local, it is important to understand what is happening with home prices in the area you want to buy in.  When home prices start to increase and begin to sell for more than in previous months instead of staying flat or declining, then and only then, can you be certain that the bottom has been reached.  No other facts or figures will accurately reveal the bottom.  Prices speak the truth.”

Home prices in Fort Lauderdale have declined on average approximately 30% +/-.  In most areas, prices have adjusted back to 2004 levels.  Opportunities exist today to buy condos and homes for sale in Fort Lauderdale that were considered unaffordable just a few years ago. Unfortunately, obtaining loans to buy these properties is not easy and it appears the government may step in further to ease this burden.

As with any market, in my opinion, the time to buy is not after, but before the real estate bottom has been reached and before the market begins to rebound.  Unfortunately, timing any market is impossible and we won’t know the bottom has been reached until several months have passed and we are well into recovery.

I think it is safe to say that we are much closer to a bottom than we are to the top.  Many buyers feel the same way and are scooping up great bargains from short sales, foreclosures and sellers who just want to sell and have priced their home competitively.

As with any buying decision, before making any sizable purchase, you must look at your own situation.  Do your own homework.  Does it make good financial and emotional sense for you to buy now?  If you will be staying in the property for a long time, even if prices decline a bit further, you may still be well ahead in the long run.

If you are considering buying or selling a home in Fort Lauderdale or buying one of the many Fort Lauderdale condos for sale, contact me today at 954-850-2397.

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