Fort Lauderdale Real Estate Blog

Conveniently located next to downtown Fort Lauderdale, I listed this 2 bedroom 2.5 bath townhouse at Croissant Springs Cluster.  Built in 2001 with a total of 1,583 square feet, this townhouse was offered turn-key furnished including exquisite art paintings.

Originally listed at $260,000, this Fort Lauderdale townhome was on the market just 57 days before closing at a final sales price of $245,000.

For more information about selling or buying homes, condos and townhomes for sale in Fort Lauderdale, contact me at 954.850.2397.

Buyers can begin their home search anytime by viewing Fort Lauderdale MLS listed properties with photos and detailed brochures.

Return to Fort Lauderdale Real Estate - Home Page

Clients of mine recently settled in at the perfect 10 world class Point of Americas Condo at Harbor Beach, Fort Lauderdale.

Situated directly on the sand and the bank of Port Everglades inlet, this 2 bedroom condo offers panoramic yet tranquil views of the Atlantic Ocean,  beach area, state park and a front row seat to a fanfare of passing yachts and cruise ships.

On the market for 91 days with a List Price of $599,000, my clients purchased and closed on this condo at $500,000.

Point of Americas consists of 2 high rise towers; twenty-five stories at tower 1 and thirty-one stories at tower 2  with a total of 578 residences.

For more information about this condo or any Fort Lauderdale condos for sale,  contact John Sabia at 954.850.2397.

Return to Fort Lauderdale Real Estate - home page

After over a year and several failed attempts at short sales, clients of mine finally found success purchasing a river-front condominium at The Symphony Condo in downtown Fort Lauderdale.

With stunning river and distant ocean views, this 2 bedroom condo is situated in one of the most sought after corner locations.

All condos at Symphony Fort Lauderdale feature elegant kitchens with stainless appliances and granite counters.  This particular unit featured 18 inch tile throughout, 2 balconies, 2 parking spaces and and an extra storage unit.  Originally listed at $489,000, the final sales price was $360,000.

 For more information about buying or selling at Symphony or any other Fort Lauderdale Condos, contact John Sabia today at 954.850.2397.

Return to Fort Lauderdale Real Estate - home page

Searching for a beach community vacation property, clients of mine purchased this 2 bedroom 2 bath co-op at Atlantic Towers Fort Lauderdale boasting outstanding views of the ocean, beach and Port Everglades.   Originally listed over $300,000 and on the market for several months, this unit closed with a final sales price of $255,000.

Atlantic Towers is located in the Harbor Beach (Extension) community of Fort Lauderdale at the Port Everglades Inlet.   A few steps to the beach or a short distance to shops and restaurants on Las Olas Boulevard and the Fort Lauderdale International Airport.  On any given day, residents enjoy a daily parade of boats and yachts and every once in awhile, a submarine can be spotted.

For more information about buying or selling at Atlantic Towers Co-op or any of the Fort Lauderdale Condos, contact John Sabia today at 954.850.2397.

Return to Fort Lauderdale Real Estate - home page

As it is typical with the summer months, the real estate market tends to slow down as kids are out of school and families go on vacation.  There are positives and negatives in reviewing the June Fort Lauderdale Real Estate Market Report.

While new inventory is down, total inventory is up and months of supply is unchanged.  While Average Sales Price is up, Median Sales price is down.  While total number of sales are down slightly, the percentage of REO bank foreclosure sales are up significantly.   Although there are some negatives, the positives are well, positive.

June New Listing Inventory reports 1,613 new single family homes were added to the inventory levels, down 10% from May and down 1% from June 2009.

Condo New Listing Inventory reports 1,910 new condo listings added in June, down 7% from last month and down 2% from last year.

Total Inventory for all property types in June totaled 5,658, down 7% from May and down 4% from same period last year.

Total number of Closed Sales for single family homes in June was 717.  Sales were down slightly at -4% from May and down 4% from June 2009.   REO Bank Foreclosures accounted for 25% of sales, up 14% from last month and down 14% from same time last year.

Average Sales Price for single family homes in June was $311, 094, up 9% from May ($286,496), and up 9% from June 2009 ($286,556).

Median Sales price (single family) was $215,000, down 2% from June ($220,000) and up 2% from same period last year.

Pending Sales for single family in June totaled 1,025, down 19% from last month and down 21% from June 2009.

June inventory reports 5,896 available homes for sale, up 3% from May and down 21% from June 2009.  Thirty-three (33%) are classified as bank foreclosures.

Closed Sales for Fort Lauderdale Condos totaled 914 in June, down 5% from May and up 15% from June 2009.  Foreclosures accounted 31% of these sales, up 3% from lat month and down 9% from same time last year.

Average Sales Price for Condos in June was $128,835, up 4% from last month ($123,392) and up 3% from June 2009 ($125,329).

Median Sales Price (condos) was $78,000, down 3% from June ($80,000) and down 3% from same time last year.

Pending Condo Sales in June totaled 1,215, down 17% from last month and down 2% from June 2009.

Inventory reports 8,427 available condos for sale, up 1% from May and down 26% from June 2009.  Thirty-two percent (32%) classified as bank foreclosures, down 33% from last month and down 11% from June 2009.

For more information about selling or buying real estate in Fort Lauderdale, contact me today at 954.850.2397.

Buyers can begin their home search by viewing Fort Lauderdale MLS available property listings.

Fort Lauderdale Real Estate Market - May 2010

Return to Fort Lauderdale Real Estate - home page

Searching for impressive water views while keeping within a budget, a client of mine settled in at The Coastal Vista South condominium in Pompano Beach, Florida.

Located on the 4th floor of this four-story building on Riverside Drive; which sits directly on the bank of the Intracoastal Waterway, this spacious 2 bedroom condo boasts expansive water views.

Originally listed at $220,000 and on the market just 20 days, my client purchased and closed on this condo at $195,000.

For more information about buying or selling Pompano Beach Real Estate, contact me today at 954.850.2397.

Buyers can begin their property search by viewing Fort Lauderdale MLS listings of available properties for sale.

Fort Lauderdale Real Estate - Home Page

When I listed this 3 bedroom corner unit condo at Palm Aire, Pompano Beach, I was impressed by the 1,500+ square feet of living space under air conditioning.   I knew a buyer would appreciate the spaciousness of the condo as well as the amenities this golfing community offered.

Originally listed at $159,000, and  after several months on the market with price adjustments, this condo finally closed at $108,000; which represents about $70.00 per square foot.

For more information about selling your Palm Aire condo or to view Palm Aire condos for sale, contact me today at 954.850.2397.

Buyers can view other Fort Lauderdale condos for sale and single family homes for sale by searching the Fort Lauderdale MLS.

Return to Fort Lauderdale Real Estate - Home Page

Searching for the perfect beach front “pied a terre”, a client found perfection at the Atlantic Condo Hotel along the Fort Lauderdale Beach.

Boasting 1,400 square in this luxurious 1 bedroom condo with panoramic views of the ocean, beach and shoreline, this corner sky pad  was delivered fully furnished down to the linens.

The Atlantic Condo Hotel features 1st class residences as well as lavish hotel suites with resort style amenities including a Fitness Room, Euopean spa, lounge and a classic dining restaurant overlooking the ocean.

For more information about Atlantic Condo Hotel Fort Lauderdale residences for Sale or any Fort Lauderdale Condos For Sale; whether you are buying or selling, contact John Sabia at 954.850.2397.

Return to Fort Lauderdale Real Estate - home page

Clients of mine hit the jackpot earlier this year purchasing this exceptional buy in downtown Fort Lauderdale at WaterGarden condo on a lower floor with a river view.

This transaction was neither a short sale nor a bank foreclosure, rather a realistic seller who understood the market.

This 1 bedroom- 1 bath Sungarden floor plan totals 820 square feet features floor to ceiling windows, granite counters and stainless appliances.

This condo offered for sale at $249,000 -  closed in January 2010 at $182,000.

Situated on the Nu River in downtown Fort Lauderdale, WaterGarden Condo  offers resort living with close proximity to restaurants and boutique shopts on Las Olas Boulevard.

WaterGarden Las Olas floor plans consist of 1, 2 and 3 bedroom condos and prices start from the low $200’s.

For more information about Fort Lauderdale Condos for sale whether you are buying or selling, contact John Sabia today at 954.850.2397.

Return to Fort Lauderdale Real Estate - home page

Looking at the Fort Lauderdale Real Estate Market Report for October 2009, there is a continued trend for leveling off to a more balanced market.  Closed Sales for both Single Family homes and Condominiums are in the positive territory; REO Bank foreclosures and Fort Lauderdale Short Sales contributing to approximately 1/3 of the overall sales.  Inventory for single family homes is back to levels associated with a normal real estate market while condominium inventory is slightly above a normal market level.

Closings for Single Family Homes in October were up 6% compared to last month and up 36% from same period last year.  Of the total closings, 33% were classified as REO Bank foreclosures in Fort Lauderdale.

The Average Sales Price for a Single Family Home in October dropped slightly by 1% as compared to September and down 25% from October 2008.

The Median Sales Price in October for a Single Family Home was up 5% from last month and down 16% from same period last year.

Pending Sales in October dropped just 4% from September and up 59% from October 2008.

Single Family Available Inventory down 5% from last month and down 46% from same period last year.  Number of Months of available inventory dropped 1 month to 7 months in October, down 61% from same time last year when there was 18 months of available inventory.  REO bank foreclosures and short sales make up 1/3 of available inventory.

Closed Sales in October for Fort Lauderdale Condos and townhouses dropped just 3% as compared to September and up 66% from same period last year.  Of these closed sales, 37% represented Fort Lauderdale Condo Foreclosures.

The Average Sales Price for a Condo in October was up 3% from last month and down just 11% from October 2008.

Median Sales Price was up 6% in October over September and down 28% from same period last year.

Pending Condo Sales were up 1% from last month and up 110% from October 2008!!!

Available Condo inventory dropped 3% in October from September level and down 35% from same period last year.  At present there is an 11 month supply of condominium inventory, down from 12 months in September.  This time last year there was a 28 month supply of condos on the market, which represents a reduction of 61%.  Of the present Condo inventory, 1/3 of these properties are either short sales or bank foreclosures.

With inventory levels decreasing and total number of sales increasing, it sure looks as though a balancing out in the market place is taking place.  We are leaps and bounds ahead of where we were this time last year.  Interest rates are still very competitive and the tax credit has been extended into 2010 for First Time homebuyers.

For more information about buying or selling real estate in Fort Lauderdale, contact me today at 954-850-2397.

Begin your home buying search by viewing Fort Lauderdale MLS available property listings for sale sorted by price and location including short sales and foreclosures.

Fort Lauderdale Real Estate Market Report - September 2009

Return to Fort Lauderdale Real Estate - Home Page