Fort Lauderdale Real Estate Blog

April 22, 2009

Coral Ridge Homes For Sale | February 2009 Listings & Recent Sales Activity

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.

February Listing Graph | Coral Ridge

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

Coral Ridge Pending & Closed Sales - February 2009

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

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

February 23, 2009

Fort Lauderdale High End Home Builder Glenn Wright Facing Lawsuits

If you live on the east side of Fort Lauderdale, it is certain that you have heard of the new home builder Glenn Wright.  Wright is well known for his 2-story “mcmansions” in the Fort Lauderdale neighborhoods of Rio Vista, Victoria Park and Coral Ridge.

Wright’s grandest project, La Preserve, envisioned to be a luxury gated home community in a natural setting remains unfinished and as the Sun-Sentinel reports; 39 of the 67 homes are in foreclosure.*

Wright, a prominent name in home building is facing several lawsuits from angry would-be homeowners, contractors and projects that remain unfinished.*

It is reported that Wright’s development companies are in the red for more than $100 million.   The developer has deeded at least 106 of his company’s properties to a private firm that specializes in debt restructuring.*

*source: Sun-Sentinel.  You can read more of this story in the full article at Sun-Sentinel.

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February 11, 2009

Coral Ridge Homes for Sale | January 2009 Listing & Sales Activity

Coral Ridge Listing and Sales Activity for January 2009 – report there were 27 new listings added and presently there are 162 homes for sale in Coral Ridge.

Out of this number, there are 15 Short Sales in Coral Ridge and 3 Foreclosures in Coral Ridge.

Overall, inventory levels are good with just 6% of homes in Coral Ridge listed for sale.

Coral Ridge Homes For Sale | Listing Inventory

Coral Ridge Homes Sold in January 2009

There were 3 homes sold in Coral Ridge during January 2009.

  • 2866 NE 29th Street, waterfront-pool, Listed Price $1,079,000. Sold Price $995,000. Selling price per square foot – $311.91.
  • 4771 NE 28th ave, pool home, Listed Price $699,900. Sold Price $590,000. Selling Price per square foot – $233.66.
  • 2609 NE 26th Ave, Pool home, Listed Price $600,000 (Short Sale). Selling Price $530,000. Selling Price per square foot – $282.52.

Average Days on Market – 161.

Coral Ridge Pending Sales in January 2009

3 homes went under contract in January:

  • 3111 NE 43rd St, waterfront-pool, List Price $2,990,000.
  • 2800 NE 20th St, pool home, List Price $1,300,000.
  • 2510 NE 47th St, pool home, List Price $795,000.

Coral Ridge Homes For Sale | Pending and Closed Sales January 2009

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

Search available Fort Lauderdale Property Listings

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Information believed accurate but not warranted.  Average Days on Market could vary if property was previously listed.

October 5, 2008

Canadians Taking Advantage of South Florida Real Estate Market and Weak US Dollar

Canada FlagSouth Florida offers warm temps, a favorable Real Estate Market, and a refuge from the cold snow filled winters in Canada. Many Canadians looking for a warmer alternative are taking advantage of a weak US Dollar and purchasing real estate in Fort Lauderdale Florida and surrounding neighborhoods.

For Canadian buyers, the real estate market in the Sunshine State lives up to its name. With supply of high-quality South Florida homes on the rise, house-hunting Canadians have their pick of the litter from high-rise condos such as Las Olas River House, Las Olas Grand, WaterGarden, Symphony, Las Olas Beach Club or L’Hermitage, to single-family homes in luxurious neighborhoods, such as Fort Lauderdale Beach, Las Olas, Lauderdale by the Sea, Wilton Manors, Victoria Park, Coral Ridge, Harbor Beach, Rio Vista and Bay Colony.

Many of the available Fort Lauderdale homes for sale feature large windows, vaulted ceilings, spacious sunrooms, vaulted ceilings, and patios perfect for entertaining and relaxing – all characteristics that embody the South Florida lifestyle and offers a refuge from the cold snow filled winters in Canada.

According to the National Association of Realtors (NAR), Canadians represented 11 percent of all international homebuyers who purchased homes in the United States in 2007. In Florida — where international homebuyers have the highest ownership in the United States — Canadians made up 9 percent of all buyers in 2007. This figure is up from 7.1 percent in 2005.

Navigating the American home-buying process is easy with the right Realtor, particularly one who can provide information about real estate taxes, closing costs and general guidance through the home buying process.

American lenders will give loans to Canadian buyers, but because of the added risk involved, they often demand up to half of the purchase price as a down payment. Canadian Credit Report Online offers a good list of credit bureaus. In most cases, it’s wise for Canadians to purchase a U.S. property in U.S. dollars because the Canadian currency has a tendency to drop against the American dollar. According to Investors Group, about 47 percent of Canadians pay cash for homes while 53 percent take out mortgages.

Downtown Fort Lauderdale FloridaOften times, it’s wise to ask sellers if they’re willing to include any furnishings. This can save buyers the hassle of looking for new furniture and household accessories, particularly if they’re planning on renting the property after they close. In terms of square footage, many Canadians are finding they can get more for their money in the United States.

Purchasing a slice of paradise pie has never been easier for Canadians looking for a retreat from the unforgiving winter weather. This rings particularly true for baby boomers who have recently retired or are about to retire.

For more information about homes and condos for sale in Fort Lauderdale, contact John Sabia today at 954-850-2397.

Go to the Fort Lauderdale Real Estate Home Page

**Cette article disponible en français – Le Sud de la Floride vous offre les temps chauds et le marché favorable

October 2, 2008

Why Invest in a Fort Lauderdale Home

Fort Lauderdale BeachSnowbirds and current residents alike can save big by buying a new home in Fort Lauderdale or any one of South Florida’s most affordable neighborhoods.

From South Beach to Palm Beach, millions of tourists flock to South Florida in droves every year to soak up gorgeous weather, take in breath-taking scenery and experience endless outdoor activities.

Clearly, South Florida cities, such as Fort Lauderdale, Miami Beach and Boca Raton, have a lot to offer those that visit — and those that already live here. Tourists and snowbirds looking for a place to settle down or reside for an extended vacation should consider owning residential real estate in Fort Lauderdale. In the current unnerving economy, it’s smarter than leasing a property or overspending at an expensive hotel.

While the Fort Lauderdale area, for instance, boasts a large concentration of wealthy neighborhoods such as Las Olas, Bay Colony, Coral Ridge, Harbor Beach, Rio Vista Lauderdale by the Sea, Sea Ranch Lakes and Fort Lauderdale Beach lined with luxurious homes and exclusive properties, a good chunk of this extraordinary city offers plenty of affordable homes in premiere neighborhoods.

If you’re considering purchasing a home or buying a condo in Fort Lauderdale, every cent counts in today’s market, so it’s critical to invest in a property that will create long-term wealth. Buying a new home makes good financial sense. For consumers who want to save money, new construction homes save them the headache of dealing with maintenance woes that come with buying older properties. Because mortgage interest and real estate taxes are tax deductible, consumers have another big opportunity to save.

A knowledgeable Realtor can show you a variety of homes for sale in Fort Lauderdale and surrounding areas that feature the latest and greatest in energy-efficient heating and air conditioning systems. Buying new construction in Fort Lauderdale also allows you to chose the exact home you want — from the layout design, crown molding in the living room to the appliances and kitchen counter tops. With pre-owned homes, it can be difficult to adjust to the past owner’s taste.

A Fort Lauderdale Realtor can not only show you a wide variety of homes but they can also show you an array of Fort Lauderdale condos in the heart of the city as well as Fort Lauderdale beach condos. Fort Lauderdale’s most modern facilities offer just the right mix of design and practicality — all just blocks from the city’s entertainment and recreational hub. For those with a desire for waterfront views, Fort Lauderdale has plenty of waterfront properties on canals and other waterways.

Once you’ve settle into your new home, you have time to sit back and enjoy all the exciting events and activities Fort Lauderdale has to offer, including air and boat shows, arts and crafts fairs, fashion shows, boat parades, street parties, concerts, food festivals and so many more outdoor activities.

For more information about buying or selling real estate in Fort Lauderdale, contact John Sabia at 954-850-2397 or visit the Fort Lauderdale Real Estate website.

August 11, 2008

Friday Night Lights at Cardinal Gibbons High School to be Decided by City Officials

Friday Night Lights at Cardinal Gibbons | Coral Ridge – Fort Lauderdale

Cardinal Gibbons Football Field

Residents in the upscale community of Coral Ridge Country Club Estates neighboring Cardinal Gibbons High School are planning a meeting with city officials to determine what is to be done with the high school’s football field lighting.

Cardinal Gibbons school officials reportedly spent nearly $250, 000 on new field lighting after receiving permission from the city of Fort Lauderdale to install the light towers. Through what seems as an oversight, permission was given to install 4 light towers exceeding the 35 feet height limit per city code. Neighbors affected by the bright lights complained and city officials realizing the error, contacted the school with 3 options, one being to apply for a variance. Cardinal Gibbons chose to apply for a variance.

The decision on the Friday Night Lights at Cardinal Gibbons will be decided at a meeting with city officials, now scheduled for Wednesday, August 13, 2008 at City Hall, 100 North Andrews Avenue. The public is welcomed to attend.

Coral Ridge is located between Commercial Boulevard and Sunrise Boulevard just west of the Intracoastal Waterway and east of Federal Highway.

Homes for sale in Coral Ridge range in price from $400′s to more than 7 million for homes on dry lots, golf-course and waterfront canals.

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