Fort Lauderdale Real Estate Blog

May 25, 2011

Fort Lauderdale Waterfront Homes | Jan – March 2011 Market Report

Filed under: Florida real estate,Fort Lauderdale Real Estate News,Market Report,South Florida Real Estate,foreclosure properties,short sales — Tags: , , , , , , , , , — john sabia @ 4:13 pm

First Quarter 2011 Market Report for east side Waterfront homes for sale in Fort Lauderdale show inventory levels are about 75 fewer homes for sale, which is not much of a reduction in the amount of homes available for sale over the past year.  The number of closed sales and pending sales have increased month over month for this quarter; however, they remain consistent with same time last year.

graph of waterfront homes Waterfront home Foreclosures in Fort Lauderdale represented .03% of available inventory and .05% of closed sales in the first quarter 2011.

Foreclosure Listing & SalesWaterfront Short Sales in Fort Lauderdale made up approximately 24% of inventory and .08% of sales in the first quarter 2011.

graph of short sale waterfront homesThe Average Price Per Square Foot is trending upward this quarter at roughly $341.00 per foot.  This includes all waterfront homes with fixed bridges and no fixed bridges.  No fixed bridges would have a higher amount.

Average Price per square foot for waterfron homesAverage Price For Sale trended upward slowly over the past year while Average Sales Price had a bumpy ride over the past year trending up for the first quarter 2011.  The Median Sales Price this quarter remained fairly consistent at about $993,000.

Average Price for Sale & Average Price SoldMedian Sales Price for a waterfront homeAverage days on the market is a little over six months.  The percentage a home sold versus the listed price is roughly 84%.

Average Days on Market for a waterfront homeMonths of Inventory is the big shocker here.  In the first quarter of this year, inventory dropped by almost 1 year.  A peak into April inventory reveals the level dropped another month to the lowest level over the past year.  Very encouraging.

If you are interested in selling or buying a waterfront home for sale in Fort Lauderdale, call me at 954.850.2397.   You can view property listings by searching the Fort Lauderdale MLS.

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March 23, 2011

Recent Home & Condo Sales in Fort Lauderdale

Filed under: Florida real estate,Fort Lauderdale Condos,Fort Lauderdale Real Estate News,Just Sold,Real Estate News — Tags: , , , , , — john sabia @ 3:42 pm

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

Playa Del Mar 1206 view

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

2000 S Ocean Drive 1002 | Everglades House

Everglades House Condo

Everglades House 1002 view

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

Everglades House #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

Everglades House 1009

Living Area

Everglades House 1009 view

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-Operative

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 1777 SE 15th Street

Cromwell East Condo

Pool and Dock Cromwell East

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

Fountains on Ocean Boulevard Condo

Kitchen in #500 Fountains on Ocean Condo

Elegant Gourmet Kitchen

Living Room

Living Room

View From Fountains on Ocean Boulevard

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

Monterra Cooper City

Anacapa Home at Monterra

Kitchen at Monterra home

Upgraded Kitchen

Lake View Monterra at Cooper City

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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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: , , , — 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.

September 14, 2010

1248 Bayview Circle | Weston Florida Real Estate

Filed under: Florida real estate,Fort Lauderdale Real Estate News,Just Sold,South Florida Real Estate,Weston Real Estate — Tags: , , , , — john sabia @ 2:22 pm

After several unsuccessful attempts at purchasing a short sale, a client of mine successfully purchased this bank owned waterfront Weston, Florida home for sale.*

This spacious 3 bedroom home is situated in the gated community of Hibiscus Island and offers impressive lake views.

Originally listed at $279,180, this home closed with a final sales price of $262,500.

1248 Bayview Circle Weston

interior of 1248 Bayview Circle

exterior photo of 1248 Bayview Cir

1248 Bayview cir - Lake view

 

For more information about buying or selling Weston Real Estate, please contact me 954.850.2397.

Buyers can begin their home search by viewing available Weston MLS listings with photos and details.

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*property was listed with Team Home Realty

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: , , , , , — 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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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: , , , , — 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.

424 SW 14th Courtkitchen at 424 SW 14th CourtLiving area of townhouseCommunity Pool at 424 SW 14th Court

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

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: , , , , , , , , — 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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August 4, 2010

Imperial Point Home For Sale | 5711 NE 21st Drive – Fort Lauderdale

Filed under: Fort Lauderdale Real Estate News,Just Listed,Real Estate News,South Florida Real Estate — Tags: , , , , , — john sabia @ 4:51 pm

I’ve recently listed 5711 NE 21st Drive, Fort Lauderdale, in the northeast community of Imperial Point priced at $374,999.

One of the largest models in the neighborhood, this 3 bedroom plus den, 3 full baths home sits on a huge corner lot with a screened in pool and 2-car carport.

Just a few of the features of this Fort Lauderdale home for sale is a spacious interior just under 1,800 square feet.   Terrazzo floors in bedrooms and wood laminate floor in the living room, Dining area and Den.

Hurricane impact Bay window in front and shutters for all remaining doors and windows.  A comfortable kitchen overlooks the screened in pool with sliders that open on to the patio area.

5711 NE 21 Drive

kitchen - 5711 NE 21 Drive Fort Lauderdale

Dining room - 5711 NE 21 Drivepool - 5711 NE 21 Drive

To schedule  a private showing of this Imperial Point home for sale or any homes for sale in Fort Lauderdale, contact John Sabia today at 954.850.2397.

Buyers can begin their home search by visiting available Fort Lauderdale MLS listings with photos and virtual tours.

Return to Fort Lauderdale Real Estate – home page

July 23, 2010

Fort Lauderdale Real Estate | Market Report – June 2010

Filed under: Florida real estate,Fort Lauderdale Condos,Fort Lauderdale Real Estate News,Market Report,Real Estate News,South Florida Real Estate,foreclosure properties — Tags: , , , , , , , — john sabia @ 5:29 pm

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

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July 15, 2010

Coastal Vista South | Pompano Beach Real Estate – Sold

Filed under: Fort Lauderdale Condos,Fort Lauderdale Real Estate News,Just Sold,Real Estate News,South Florida Real Estate — Tags: , , , , — john sabia @ 4:34 pm

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.

Coastal Vista South     Coastal Vista condo view     Coastal Vista condo dock

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.

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