March 23, 2011

Recent Home & Condo Sales in Fort Lauderdale

Below are my latest single family home and condo sales in Fort Lauderdale. I recently received the Coldwell Banker International President’s Circle Award for 2010 which represents a distinguished group of 998 agents out of over 40,000 sales agents.

Playa Del Mar Condo #1206

3900 Galt Ocean Drive #1206, Playa Del Mar

Playa Del Mar Condo

Direct Ocean View

Direct ocean view from this high floor ocean front condominium boasting over 1,800 square feet with 2 bedrooms and 2 full baths. Closed Sales price $445,000. Listing Office First Realty Management Group.

Everglades House Condo

Everglades House #1002

Everglades House Condo

View from Everglades House Condo

Direct ocean and inlet views from this remodeled 2 bedroom 2 bath condo with 1,524 square feet. Closed Sales $375,000. Listing Office RE/MAX Preferred.

Everglades House Condo 407

Ocean & Inlet view

This 2 bedroom 2 bath condo was sold in original condition. With almost 1,700 square feet of living space, the new owners couldn’t wait to create their new dream home. Closed Sales Price $300,000.

Everglades House #1009

Living Area

Ocean view

Port Everglades Inlet and direct ocean views from this renovated 2 bedroom 1.5 bath condo with 1,200 square feet. Closed Sales Price $315,000.

Atlantic Towers #1707

Atlantic Towers Co-Op

High Floor studio apartment with full kitchen at Atlantic Towers Co-Op. Impressive ocean and intracoastal views and a blank canvass ready for renovations. Closed Sales Price $64,000.

Cromwell East Condo

Cromwell East Condo

View of pool and marina

Ideal Southeast Fort Lauderdale location from this 2 bedroom 1 bath waterfront condo that features boat slips when available. Closed Sales Price $110,000. Listing Office Prudential Florida Realty.

Fountains On Ocean Boulevard

Fountains on Ocean Boulevard Condo

Kitchen in #500 Fountains on Ocean Condo

Elegant Gourmet Kitchen

Living Room

Small Ocean view

Fountains on Ocean Boulevard Condo is one of 2 recent newly constructed residences across from the beach between Oakland Park and Sunrise Boulevard. Fountains recently sold out the remaining units at a public auction. Closed Sales Price for this 2 bedroom 2bath condo with more than 1,500 square feet was $439,000 including many developer incentives.

Monterra at Cooper City

Anacapa Home at Monterra

Upgraded Kitchen

Lake View

Monterra at Cooper City is a new construction gated community offering buyers several floor plans to suit their needs. This Anacapa Home in Santa Barbara features 3 bedrooms, 2.5 baths with over 2,700 total square feet. Closed Sales Price $335,900 before upgrades. Developer CC Devco Homes.

Contact me at 954.850.2397 if I can help you buy or sell a home or condo in the Fort Lauderdale area.

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Fort Lauderdale real estate condos homes mls closed sales

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January 12, 2011

Hiring a Real Estate Agent

Filed under: Real Estate News — Tim Ryan @ 5:09 pm

Hiring a Real Estate Agent

Purchasing a new home is a tremendous undertaking, and one that should be done under the guidance of an experienced and knowledgeable real estate agent. Mid-to-large size cities will have a heavy pool of agents, and it is important that you choose one who best fits your specific needs. The ideal candidate will have expertise in the community or neighborhood you have targeted. If you are also selling a property, be sure the Realtor handles both buying and selling, as it complicates things considerably to be dealing with multiple agents.

There are several things you want to uncover through research, discussions with the potential Realtor and even a formal interview before making a decision to move forward. The most important qualities to look for are:

Knowledge – does the agent know the market and can provide suggestions and guidance based on your desires and needs? When you say you want a fixer-upper near the business district with classic styling, the Realtor should be able to readily identify available matches.

Sophistication – is the Realtor and/or her agency leading edge when it comes to technology, giving you immediate access to the most updated listings, and creating a high quality, engaging listing for the house you are selling?

Responsiveness – are your inquiries, emails and phone calls answered in a timely manner? If the time comes to put in an offer, or receive an offer, the deal could be made or lost in a matter of minutes, so open communications with the realtor is essential.

Negotiation – does this agent have the skills required to get you the best price, whether buying or selling? He or she should have some bargaining chips that can be used to your advantage, like paying some of the buyer’s closing costs or getting patio furniture and the outdoor grill thrown in.

Loyalty – does the agent have your best interest in mind? If he/she is only showing you listings from his own company, you are missing out. Also be careful of someone trying to get you to sell below your pre-determined threshold. Their commission will only be incrementally affected, but your proceeds could take a real hit.

While your Realtor is a trusted adviser, you should educate yourself as well. Ask for comps in the neighborhood where you are most interested. Also ask the agent for his or her sales history. If selling, ask what the average time on the market is for the agent’s listings. If buying, a good indicator would be sales price compared to asking price.

There are so many complexities associated with home buying, like the mortgage process, inspections and insurance. The right Realtor can help to clear through the clutter so that you can stay focused on the most important element – finding the home of your dreams!

About the author – Tim Ryan is a Naples Real Estate Agent. Visit his website to search thousands of Naples homes for sale.

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October 23, 2010

Fort Lauderdale Condos | Market Update – 3rd Quarter 2010

Filed under: Florida real estate,Fort Lauderdale Condos,Market Report,Real Estate News,South Florida Real Estate — Tags: beach condos, closed sales, foreclosures, Fort Lauderdale Condos, john sabia, Market Report, short sales, vacation — john sabia @ 8:23 pm

Fort Lauderdale Condos

Fort Lauderdale Real Estate – Third Quarter Market Trends for Fort Lauderdale Beach, Northeast and Southeast condominiums.

In September, inventory for Fort Lauderdale Condos for sale increased by 1% month over month and were down -7.6% from January this year. New Listings were up 8% in September; however they were down -24.4% as compared to January. Closed Sales were down -20.3% from the previous month and were also down -2.5% as compared to January. Pending Condo Sales were up 8.3% from August and were down -20.4% from January.

		1 Month		9 Months
	Sep 10	Aug 10	% Change	Sep 10	Jan 10	% Change
For Sale	1900	1881	1%	1900	2056	-7.6%
New Listing	338	313	8%	338	447	-24.4%
Sold	118	148	-20.3%	118	121	-2.5%
Pending	195	180	8.3%	195	245	-20.4%

For Sale/ Sold/ Pending/ New Listing - Condominiums/Townhomes

1 Month 9 Months

Sep 10 Aug 10 % Change Sep 10 Jan 10 % Change

For Sale 1900 1881 1% 1900 2056 -7.6%

New Listing 338 313 8% 338 447 -24.4%

Sold 118 148 -20.3% 118 121 -2.5%

Pending 195 180 8.3% 195 245 -20.4%

Of these figures, Inventory for Fort Lauderdale Condo Foreclosures was up 7.8% in September from August with a total of 110 properties classified as bank owned (5%). As compared to January, REO inventory was also up 64.2%. Closed Sales categorized as foreclosures remained the same month over month and were up 20% as compared to January.

Condo Short Sales Inventory was down -0.9% in September from August with 321 properties (16%); however, inventory was up 7% as compared to January. Closed short sales were down -12.5% in September from August and up 21.7% as compared to January.

The Average Price per square foot for a condo in September was $178.00, down -13.7% month over month and down -24.4% as compared to January.

The Average Days on the Market was down -24.3% in September and down -22.9% as compared to January. Sales Price versus List Price differential ranges from 84% – 91%.

The Average Closed Sales Price for condominiums in September was $224.00; down -14.8% from previous month and down -19.1% from January. The Median Sales Price in September was $166.00; down 8.3% from August and down -7.8% as compared to January.

In September, there were 16.1 months of available condo inventory, up 26.7% from previous month and down -5.2% from January.

As we head into the winter season combined with the weak US dollar, I suspect we will see an influx of foreign investors and 2nd home buyers looking to take advantage of attractively priced condominiums on the sand or near the beach that on average are approximately 40-50% less than they were during the boom years.

The graph below illustrates Average Price For Sale and Average Price of Closed Sales from September 2002 to present day. As you can see, we are basically back to 2003 prices. I think we may very well be seeing a leveling off.

Fort Lauderdale Waterfront Homes | Market Report – 3rd Quarter 2010

Fort Lauderdale Homes For Sale | Market Report – 3rd Quarter 2010

For more information about Buying or Selling Fort Lauderdale Condos, contact me today at 954.850.2397.

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October 17, 2010

Fort Lauderdale Homes For Sale | Market Report – 3rd Quarter 2010

Filed under: Florida real estate,Just Listed,Just Sold,Market Report,Real Estate News,South Florida Real Estate,short sales — Tags: Fort Lauderdale MLS, Fort Lauderdale Real Estate News, homes for sale, john sabia, Market Report — john sabia @ 12:58 pm

Fort Lauderdale Homes For Sale

Third Quarter Market trends for non-waterfront Fort Lauderdale Homes For Sale in Northeast and Southeast Fort Lauderdale; and Fort Lauderdale Beach communities.

Inventory in September increased by 2.5% from August and was up 4.7% from January of this year. New Listing inventory increased 7.8% month over month and was up 9.5% as compared to January. Pending homes (under contract) increased 1.4% from August to September; however, they were down 6.4% as compared to January. Closed Sales were up 27.7% month over month and were up 53.8% as compared to January!

		1 Month		9 Months
	Aug 10	Sep 10	% Change	Jan 10	Sep 10	% Change
For Sale	520	533	2.5%	509	533	4.7%
New Listing	128	138	7.5%	126	138	9.5%
Sold	47	60	27.7%	39	60	53.8
Pending	72	73	1.4%	78	73	-6.4%

For Sale/ Sold/ Pending/ New Listing - Non Waterfront

1 Month 9 Months

Aug 10 Sep 10 % Change Jan 10 Sep 10 % Change

For Sale 520 533 2.5% 509 533 4.7%

New Listing 128 138 7.5% 126 138 9.5%

Sold 47 60 27.7% 39 60 53.8

Pending 72 73 1.4% 78 73 -6.4%

Of these figures, inventory for home foreclosures for sale was down 7.9% in September from August with a total of 35 properties classified as bank foreclosures. However, inventory is up 59.1% as compared to January. Closed Sales classified as reo bank owned were up 27.3% in September from August and were up 40% as compared to January.

Inventory for Short Sales was up 16.1% in September from August with a total of 108 properties; and up 10.2% as compared to January. Closed Sales classified as short sales were down 25% in September from August; and were down 25% as compared to January.

The Average Price per square foot for a non-waterfront home in September was $191.00, up 8.6% from August; and up 21% as compared to January 2010.

In September, the Average Days on the Market for a non-waterfront home was 98 days; up 24.1% from August and was down 14% as compared to January. Sales Price versus Listing Price differential ranged from 89 – 98%.

The Average Closed Sales Price for a non-waterfront home in September was $351.00; up 38.7% from August and was 36% as compared to Janaury. Median Sales Price in September was $232.00; up 24.1% from August and up 36.5% as compared to January 2010.

In September, there were 8.9 months of non-waterfront homes for sale, down 19.7% from August; and down 31.9% as compared to January. Pundits agree that a normal balanced market with regards to inventory is when there are 6-8 months of inventory.

Fort Lauderdale Waterfront Homes | Market Report – 3rd Quarter 2010

Fort Lauderdale Condos | Market Report – 3rd Quarter 2010

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

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October 15, 2010

Fort Lauderdale Waterfront Homes | Market Report – 3rd Quarter 2010

Filed under: Real Estate News — Tags: Fort Lauderdale MLS, Fort Lauderdale Real Estate News, john sabia, Just Sold, Market Report, Recent home sales in Fort Lauderdale, waterfront homes — john sabia @ 3:54 pm

Fort Lauderdale Waterfront Homes

Third Quarter Market Trends for Fort Lauderdale Waterfront Homes on the Beach, Northeast and Southeast Fort Lauderdale neighborhoods.

September Inventory decreased by 0.6% from August and was down 7.1% from January. Closed Sales were up 9.5% in September and up 91.7% as compared to January. Pending Sales were down 12% in September and down 18.5% compared to January

For Sale/ Sold/ Pending/ New Listing - Waterfront

		1 Month		9 Months
	Aug 10	Sep 10	% Change	Jan 10	Sep 10	% Change
For Sale	357	355	-0.6%	382	355	-7.1%
New Listing	51	38	-25.5%	46	38	-17.4%
Sold	21	23	9.5%	12	23	91.7%
Pending	25	22	-12%	27	22	-18.5%

January – September figures:

Average Price Per Square foot increased 20.7% in September over August and up 40.5% as compared to January.

Average Days on the Market decreased 16% in September from August and increased 18.8% as compared to January. Sales Price versus Listing Price percentage has ranged from 84-92%.

Average Sales Price in September was 1.2 million; up 49.3% from August and up 40.2% as compared to January. Median Price for a sold home in September was $750,000; up 25% from August and up 5% as compared to January.

Waterfront Foreclosures and short sales are not a significant factor.

In September, there were 15.4 months of available waterfront homes for sale; down 9.2% from August and down 51.5% from January when there were 31.8 months of inventory.

Fort Lauderdale Homes For Sale | Market Report – 3rd Quarter 2010

Fort Lauderdale Condos | Market Report – 3rd Quarter 2010

For more information about buying or selling waterfront homes for sale in Fort Lauderdale, contact John Sabia at 954.850.2397.

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September 16, 2010

Lauderdale By Sea Real Estate | Market Report – 2nd Quarter 2010

Filed under: Fort Lauderdale Real Estate News,Lauderdale by the Sea,Market Report,Real Estate News,South Florida Real Estate — Tags: closed sales, homes for sale, john sabia, Lauderdale by the Sea real estate — john sabia @ 6:05 pm

In addition to the Market Reports that I blog for Fort Lauderdale Real Estate, I have decided to dig deeper into the numbers and provide detailed market reports and trends for specific neighborhoods.

As real estate is local, there can be vast differences from one neighborhood versus another as well as significant differences from the larger more general area.

Whether you are buying or selling, understanding market trends will benefit you greatly.

I will attempt to provide these on a quarterly basis. The first of these quarterly reports is Lauderdale By the Sea area.

Lauderdale By the Sea Real Estate Market Trends

Waterfront homes: From January through June, available waterfront homes for sale in Lauderdale by the Sea has been about 30+ homes for sale. In June and later months, there has been an increase of available homes for sale. Closed Sales: 3 homes sold from January thru March. 7 homes sold from April thru June. Pending Sales: A total of 6 homes went under contract from January thru March and another 6 from April thru June.

Average Price Per Square Foot

Average Days on the market had significantly reduced from almost 2 years to under a year for the first six months. In the same time period, homes have sold from 75% to 90% of List price.

While the average List Price of a home has remained constant, the Average Sales Price has steadily increased.

The Median Price of sold homes has increased steadily over the first 6 months of the year.

Months of Inventory for the first 6 months fluctuated with a significant dip in May.

Lauderdale by the Sea waterfront Foreclosures are not a significant issue.

Waterfront Short Sales in Lauderdale by the Sea are not significant.

Non Waterfront Single Family Homes: Homes for sale in Lauderdale by the sea from January thru June have decreased. Closed Sales: 6 homes sold from January thru March. 8 homes sold from April thru June. Pending Sales:12 homes went under contract from January thru March and 5 homes went pending from April thru June.

Average Price Per Square Feet.

The Average time on the Market for a home from January thru May was 4-5 months. I’m not sure what happened in June. Homes sold for 90% of the asking price.

The Average List Price has remained consistent for the first 6 months, the Average Sales Price has fluctuated up and down.

Median Sales Price has fluctuated.

Months of Inventory decreased during the first 3 months; however, it has continued to increase significantly since May.

Lauderdale By the Sea Foreclosures are not a significant issue.

Lauderdale by the Sea Short Sales are not a significant issue.

For more information about buying or selling a home in Lauderdale by the Sea, contact me at 954.850.2397. Buyers can begin their home search by viewing Fort Lauderdale MLS listed properties with photos and detailed brochures.

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source: all reports presented are based on data supplied by the Realtor Association of Greater Fort Lauderdale. Neither the Association, their members nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Association or their MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed.

Lauderdale by the sea homes mls closed sales pending sales

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September 10, 2010

Fort Lauderdale Real Estate | Market Report – August 2010

Filed under: Fort Lauderdale Condos,Fort Lauderdale Real Estate News,Market Report,Real Estate News,South Florida Real Estate — Tags: condos, foreclosures. mls, Fort Lauderdale Real Estate News, homes, inventory, john sabia — john sabia @ 4:10 pm

As we begin the final month of the third quarter, looking ahead to the autumn and winter months, real estate activity has begun to pick up again. There are some good signs worth pointing out when reviewing the Fort Lauderdale Real Estate Market Report for August.

The Average Sales Price has increased for both single family homes and condo sales from last month. The Median Sales Price increased by double digits for home sales, however it decreased slightly for condo sales.

Pending Sales (under contract) in August were up for both homes and condos.

New Inventory increased slightly for both homes and condos. Presently there is a 10 month supply of single-family homes for sale and a 12 month supply of condominium listings.

New single-family homes on the market increased by 2% over last moth and 7% from August 2009.

New Condo properties on the market increased by 3% from July, however, down 2% from same time last year.

Total Inventory for both homes and condos totaled 5,983 new listings; up just 4% from last month and down 2% from August 2009.

Closed sales for single-family homes were down 12% from last month and down 21% from last year. Of these sales, twenty-six percent were REO Bank Foreclosures; up 8% from last month and down 40% from August 2009.

The Average Sales Price for a home in August was $293,128; up 7% from July and up 10% from same time last year.

Median Sales Price jumped 13% from last month to $220,000 and up 1% from August 2009.

Pending Homes (under contract) totaled 1,080; up 6% from last month and down 17% from August 2009.

Available inventory totaled 6,268 homes for sale; up 1% from last month and down 11% from August 2009. Thirty-five percent are bank owned.

Closed Sales for Condos totaled 753 in August; down 10% from July and down 15% from August 2009. Condo Foreclosures accounted for thirty-seven percent (37%); up 9% from previous month and down 31% from same period last year.

Average Sales Price in August for a condo was $126,882; up 1% from July and down 9% from August 2009.

Median Sales Price was $72,200; down 7% from previous month and down 13% from August 2009.

Pending Sales for condos totaled 1,276; up 12% from July and down 9% from same time last year.

Available condo inventory totaled 8,674 listings for sale; up 1% from last month and down 21% from August 2009. Thirty-six percent are bank owned.

Northeast & South East Fort Lauderdale – Waterfront Single Family

Single Family Non-Waterfront

Northeast & Southeast Fort Lauderdale – All Condominiums

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

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

Fort Lauderdale Real Estate Market Report – July 2010.

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Fort Lauderdale real estate condos homes foreclosures recent sales

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September 1, 2010

424 SW 14th Court | Fort Lauderdale Townhomes – Just Sold

Filed under: Florida real estate,Fort Lauderdale Condos,Just Sold,Real Estate News,South Florida Real Estate — Tags: condos, downtown Fort Lauderdale, Fort Lauderdale Real Estate News, john sabia, townhomes — john sabia @ 5:11 pm

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.

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Fort Lauderdale real estate townhomes condos mls recent sales

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August 17, 2010

Fort Lauderdale Real Estate | Market Report – July 20120

Filed under: Florida real estate,Fort Lauderdale Real Estate News,Market Report,Real Estate News,South Florida Real Estate — Tags: condos, Fort Lauderdale Real Estate News, homes, inventory, john sabia, Market Report, mls, News, recent sales — john sabia @ 2:16 pm

As summer begins to wind down and kids are getting ready to return to school, much of the focus is on the upcoming mid-term elections in November. With regards to real estate, the July Fort Lauderdale Real Estate Market Report is pretty much unchanged from last month.

The positives are closed sales for single family homes were up 2% from last month. Available inventory for single family homes remained unchanged for 3 straight months (at eight months) and available condo inventory shrunk by one month to nine months.

July numbers for New Listing Inventory report and increase of 6% over last month with 1,707 new single family homes on the market and up 14% from July 2009.

New condo inventory totaled 1,969 new condo listings; up 3% from last month and up 6% from same period last year.

Total Inventory for both single family and condos totaled 5,766 new listings; up 2% from last month and up 3% from July 2009.

Closed sales in July totaled 738, up 2% from June and down 1% from same time last year. Twenty-four percent of the sales were classified as REO Bank Foreclosures, down 4% from last month and down 35% from July 2009.

The Average Sales Price for a single family home in July was $274,363, down 12% from last month and unchanged from July 2009.

Median Sales Price in July dropped 9% from the previous month to $195,000, down 11% from same period last year.

Homes under Contract (Pending Sales) totaled 1,019 in July, down 1% from last month and down 12% from July 2009.

Available Inventory in July for single family homes was 6,195 properties, up 5% from June and down 12% from July 2009.

Closed Sales for Fort Lauderdale condos totaled 836 in July; down 9% from the previous month and up 10% from July 2009. Foreclosures accounted for thirty-four percent (34%) of these sales, up 10% from June and up 13% from same period last year.

The July Average Sales Price for condos was $125,158; down 3% from June and down 3% from July 2009.

The Condo Median Sales Price in June remained unchanged from the previous 2 months at $78,000, however, down 6% from July 2009.

Pending Inventory for condos in July totaled 1,138 condos under contract; down 6% from June and the same for July 2009.

Available July condo inventory shows a total of 8,598 condos for sale; up 2% from June and down 22% from July 2009. Thirty-four percent (34%) are classified as bank foreclosures; up 6% from June and up 26% from July 2009.

Trends for Northeast and Southeast Fort Lauderdale in the following zip codes:

Single Family – Waterfront

Single Family Non-Waterfront:

All Condos Waterfront AND Non-Waterfront

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 available Fort Lauderdale MLS listings.

Fort Lauderdale Real Estate Market Report – June 2010.

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Fort Lauderdale real estate homes condos John Sabia

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August 9, 2010

Victoria Park Townhomes | Victoria Park – Fort Lauderdale

Filed under: Florida real estate,Fort Lauderdale Real Estate News,Just Sold,Real Estate News,South Florida Real Estate,Victoria Park — Tags: Fort Lauderdale Real Estate News, john sabia, Victoria Park homes for sale, victoria park townhomes — john sabia @ 4:00 pm

After originally looking at townhomes at Village East and after a few attempts at short sales, a client of mine found the perfect townhome for sale in Victoria Park.

At the south end of Victoria Park and just a few blocks to the shops and restaurants at Las Olas and downtown Fort Lauderdale, this quiet and secluded corner townhome with a huge private back yard is 1 of just 6 townhouses in the community.

On the market for only 78 days, this townhome closed at $185,000.