Fort Lauderdale Real Estate Blog

August 4, 2010

Atlantic Towers | Fort Lauderdale Condos

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

 Atlantic Towers KitchenAtlantic Towers Dining AreaAtlantic Towers Living RoomAtlantic Towers view

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.

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June 24, 2010

Fort Lauderdale Condos | WaterGarden Condo

WaterGarden condo - Fort LauderdaleClients 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

May 25, 2009

Las Olas River House | Listing & Sales Activity – March 2009

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%).

Las Olas River House Listing Activity - March 2009

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

Las Olas River House Pending & Sales Graph - March 2009

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.

May 7, 2009

Symphony Condo | Listing & Sales Activity – January thru March 2009

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%.

Symphony Condo Listing Activity Jan - Feb 2009

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.

Symphony Condo Pending & Sales Activity for January - March 2009

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

March 29, 2009

Las Olas River House | 333 Las Olas Way – Listing & Sales Activity – February 2009

Las Olas River House Condo Listing & Sales activity reports 11 new listings for February 2009 for a total of 56 condos listed for sale (20%).

3 of the new listings were short sales and there were no REO bank foreclosures.

Las Olas River House Inventory | February 2009

Pending Sales for 333 Las Olas Way, Fort Lauderdale:

There were no sales placed under contract in February.

Closed Sales at 333 Las Olas Way, Fort Lauderdale:

There were 2 recent solds at Las Olas River House in February.

Unit 904 (Columbus) was listed at $535,000 and sold at $550,000.

Unit 2710 (Park) was listed at $1,033.900 and sold for $1 Million.

Pending & Closed Sales at Las Olas River House | February 2009

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

 Las Olas River House Listing & Sales Activity for January 2009

Recent statistics on property values for Fort Lauderdale homes and condos for sale

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

Return to Fort Lauderdale Real Estate home page

February 8, 2009

Las Olas River House | 333 Las Olas Way – Listing & Sales Activity – January 2009

Listing & Sales Activity for Las Olas River House condo report a total of 11 new listings in January for a total of 52 condos for sale (out of 287 total residences); which represents an overall percentage of 18% of Las Olas River House condos are available for sale.

This figure indicates that inventory has reduced significantly; about about a year ago, the figure was closer to 30%.  As of this post, there are presently 54 condos for sale at Las Olas River House.

Las Olas River House | 333 Las Olas Way - Listing Activity for January 2009

 

 

 

 

 

 

 

 

 

 

 

Pending Sales for 333 Las Olas Way, Fort Lauderdale:

1 condo went under contract in January, unit 1007, a Chelsea unit (REO-Foreclosure); Listed price $429,900.  Estimated closing date is February 12th.

Closed Sales for 333 Las Olas Way, Fort Lauderdale

1 condo closed in January, unit 1001, a SoHo (Short Sale).  Listed Price was $590,000.  Closed Sales Price was $400,000 (68% of Listed Price) at $347.52 per square foot.

Las Olas River House | Pending - Closed Sales January 2009

 

 

 

 

 

 

 

 

 

 

 

 I will be updating this information monthly as well as adding statistics for additional condos and neighborhoods in Fort Lauderdale.

Las Olas River House | 333 Las Olas Way Fort LauderdaleThis information is useful whether you are a buyer interested in buying a Las Olas River House condo for sale or a seller considering selling a condo at Las Olas River House.

For more information, contact me today at 954-850-2397.

Recent statistics on property values for Fort Lauderdale homes and condos for sale.

Las Olas River House Listing & Sales Activity – February 2009

Return to Fort Lauderdale Real Estate home page.

January 27, 2009

Will South Florida’s Real Estate Market Begin to Rebound in 2009?

Fort Lauderdale Waterfront HomesSouth Florida real estate may be turning around and heading in a positive direction according to several Real Estate analysts, however, not before a possible further 10-15% decline in 2009.

It is important to understand, that South Florida encompasses a large area and many smaller parts; cities, neighborhoods, communities and condominiums, may face less of a decline and rebound sooner.

With huge property inventory levels including foreclosures and short sales, it will take time for these homes and condos for sale to eventually be absorbed.

Once the rebound begins, real estate values should return to realistic sustainable yearly gains of 3-6% instead of the unrealistic gains of recent years, which along with other elements lead to the real estate bubble bursting.

Real Estate will once again return to its inherent value; a home, a roof over your head, a neighborhood, etc., not the get rich quick opportunity.

If you have been patiently waiting on the sidelines searching Fort Lauderdale homes and condos for sale, contemplating a purchase and are planning to stay in the property for at least 5 years, this may now be the perfect time for you to buy.

Buyers can take advantage of rock bottom real estate prices down 30-40% or more, rolled back to 2004 levels.  Interest rates are still at historic lows. First time home buyers including those who have not owned a home for 3 years prior to a purchase may be eligible for a tax credit which is expiring soon.

Do your homework.  As with any great opportunity, the best time to get in for maximum benefit is at the beginning.

For more information about buying a home or condo, contact me today at 954-850-2397 or visit my Fort Lauderdale Real Estate website where you can search the Fort Lauderdale MLS for available homes and condos for sale.

December 11, 2008

Village at Sailboat Bend | For Rent

Village at Sailboat Bend | Fort Lauderdale TownhomeGreat 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.

village at sailboat bend townhomeThere 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.

 Return to Fort Lauderdale Real Estate home page

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

Le sud de la Floride vous offre les temps chauds et le marché favorable

Drapeau QuebecoisLa région du sud de la Floride vous offre de chaudes températures et un marché immobilier très avantageux.

Plus de Canadiens  profitent de la faiblesse du dollar américain, ainsi que d’un marché immobilier accessible à tous, pour acquérir un immeuble à Fort Lauderdale et dans les environs comme Sunny Isles et Hallandale.

Pour les acheteurs canadiens, le marché immobilier est aussi ensoleillé que le surnom de l’État (Sunshine State).  Avec une hausse de maisons à vendre de très haute qualité, les acheteurs ont le choix entre des condominiums de luxe tels que Las Olas River House, Las Olas Grand, WaterGarden, Symphony, Las Olas Beach Club ou l’Hermitage et des maisons unifamiliales dans un environnement luxueux comme Wilton Manors, Victoria Park, Coral Ridge, Harbor Beach, Rio Vista et Bay Colony.

Plusieurs des maisons disponibles dans l’arrondissement de Fort Lauderdale offrent une bonne fenestration, des toits cathédrales, de grands solariums et des patios parfaits pour relaxer et/ou pour recevoir des invités.  Tout cela représente bien le style de vie sud floridien.

Selon le N.A.T. (National Association of Realtors), les canadiens représentent 11% de tous les acheteurs internationaux ayant acquis une propriété aux États-Unis en 2007.  En Floride, ou l’on retrouve le plus haut taux de propriétaires étrangers aux États-Unis, les canadiens représentaient 9% de tous les acheteurs en 2007.  Ce taux était de 7.1% en 2005.

Acquérir une propriété aux États-Unis peut se faire facilement avec le bon agent immobilier québecois qui parle français.  Il peut vous transmettre les informations exactes sur les taxes, les frais reliés à la vente et les aspects légaux.  Certains agents peuvent même agir en tant que médiateurs pour la mise de fond initiale pourvu que le client présente un bilan financier positif.

Il est possible de financer l’achat par l’entremise d’une institution américaine, mais à cause du risque accru, ils demandent souvent jusqu’à la moitié du coût de la propriété comme mise de fond initiale.  C.C.R. (Canadian Credit Report – Online) offre une liste des bureaux de crédit.

Dans la plupart des cas, il est recommandé d’acheter une propriété américaine en dollars américains parce que la devise canadienne a tendance à perdre de la valeur vis-à-vis du dollar américain.  Selon le Group Investors, environ 47% des canadiens paient leur maison et/ou condo comptant alors que 53% prennent une hypothèque.

Il peut être avisé de demander au vendeur s’il veut inclure dans la vente de l’ameublement.  Ceci évitera au nouveau propriétaire l’achat de nouveaux meubles et accessoires lors du déménagement surtout si l’acheteur a l’intention de louer les lieux après l’achat.  Les canadiens trouvent qu’ils en ont plus pour leur argent en achetant aux États-Unis par rapport à la superficie de la propriété.

Acheter une part du paradis n’a jamais été aussi facile pour les canadiens qui en ont assez des hivers rigoureux.  C’est particulièrement vrai pour les baby boomers qui arriveront à la retraite bientôt et pour ceux qui y sont déjà.

Pour plus d’informations sur les condos à vendre  en floride et/ou maisons à vendre, vous pouvez me contacter, Johanne Gosselin-Sabia au 954-261-6344.  De plus, vous pouvez visiter le meilleur Website pour l’immobilier en Floride.

This article available in English – Canadians Taking Advantage of South Florida Real Estate Market and Weak US Dollar

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