Fort Lauderdale Real Estate Blog

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.

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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.

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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.

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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.

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The Fort Lauderdale Real Estate market report - September 2009: shows a minimal decrease in closed sales for single family homes and condos as compared to August and a continued decline in inventory for both categories.  REO Bank foreclosures and Fort Lauderdale Short Sales still contribute to the overall number of closed sales.

Single-Family home closings in September were down just 3% as compared to closings in August and 40% from September 2008.  Of the total closings, twenty-nine percent were classified as REO Bank Foreclosures in Fort Lauderdale.

Single-Family Average Sales Price in September slightly increased by 1% over last month and down 22% from same period last year.

Single-Family Median Sales Price in September decreased by 8% over last month and down 23% from September 2008.

Pending Single-Family homes declined 10% over last month; however jumped 39% from same period last year.  Available Single-Family homes inventory decreased in September by 3% as compared to August and down 45% from last year.

The supply of available homes for sale remained the same as compared to August, however down 61% from September 2008.  REO Foreclosures made up 34% of single-family inventory in September.

Closed Sales for Fort Lauderdale Condos and townhomes in September were down just 3% as compared to August and rose 69% from September 2008.  Thirty-one percent of closings were Fort Lauderdale Condo bank foreclosures.

The Condominium Average Sales Price in September was down 4% as compared to last month and down 28% from September 2008.

The Condominium Median Sales Price in September was also down 4% from August and down 37% from same time last year.

Pending closings for Condos/townhomes in September down 7% from previous month and up 116% from September 2008!

Available inventory for condos & townhomes in September was down 5% from last month and down 34% from last year.  Inventory supply for condos and townhouses indicate there are 12 months of supply unchanged from last month however, drastically reduced from 30 months at this time last year.  Of this inventory, 30% is classified as REO Bank condo foreclosures.

The Fort Lauderdale Real Estate market continues to show signs of stabilizing and slowly recovering.  There are rumors of another waive of foreclosures and some pundits have expressed the possibility of another 30% drop in prices for South Florida which I do not think is likely to occur.

First time home-buyers may have good news.  It appears there is a good possibility the first time homebuyer tax credit may be extended into 2010.

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

Home Buyers can begin their home search online by searching Fort Lauderdale MLS available property listings for sale including short sales and foreclosures.

Fort Lauderdale Real Estate Market Report - August 2009Return to 

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Clients of mine recently purchased this 3 bedroom condo at Sky Harbour East Condo located in the Harbor Beach area of Fort Lauderdale.

This spacious condo was remodeled and boasts approximately 1,904 square feet of living space with a 30 foot long terrace maximizing stunning views of beach, surf and city views.

Originally listed at $449,000, the Closed Sales Price was $390,000.

Sky Harbour sits along the Port Everglades inlet where one can watch a daily parade of boats of all sizes including cruse ships enter and leave Fort Lauderdale.

Sky Harbour Condo offers residents enjoy luxurious amenities including pool overlooking the inlet, posh club rooms, fitness center and security.

For more information about this property or other Fort Lauderdale condos for sale, please contact me today at 954-850-2397.

View Fort Lauderdale MLS available property listings for sale including homes, condos and townhomes.

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Looking for a great deal?  4901 NE 27th Terrace Lighthouse Point Florida is now listed for sale as a Short Sale priced at $1,375,000.

Originally listed at $1,795,000, This elegant French Chateau style 2-story residence features 4 bedrooms and 4.5 baths, 3 car garage situated on deep water with an invisible edge pool.

Custom designed with Italian state of the art kitchen cabinetry with built in double ovens, microwave, espresso coffee machine and Wolf cook-top.

Magnificent vein cut (24×24) marble flooring adorns the main living areas and Brazilian dark mahogony wood floors in every bedroom.  Top of the line Kholer shower features in the master bath with onyx mosaics throughout.

Seventy-five feet of  deep water dockage with a short cruise to the Atlantic Ocean.

Lighthouse Point Florida is located north of Fort Lauderdale and south of Boca Raton.

For more information on this home or other homes and condos for sale, contact me today at 954-850-2397.

Courtesy of Galleria International Realty

Please Note: Short Sales are subject to third-party Lender Approval with no guarantee of sale being approved at price agreed upon and subject to the owner of record accepting the terms of the short sale. It is also common for short sale properties to receive multiple offers and there is no guarantee of any offer being accepted.

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The Fort Lauderdale Real Estate market report- August 2009 reports positive numbers for closed sales and pending sales for both single family and condominium/ townhomes and a decline in inventory.  Short Sales and bank foreclosures still make up a large percentage of closed sales.

Closed Sales for Single Family homes were up 11% in August as compared to July and up 28% from same time last year.  43% of these sales were classified as REO bank foreclosures in Fort Lauderdale.

The Average Sales Price for Single Family homes in August was down 3% from July and down 29% from August 2008.

The Median Sales Price in August remained the same as July and was down 26% from same period last year.

Pending Sales for Single Family homes were up 12% from last month and up 49% from August 2008.

Available Inventory for Single Family homes decreased 7% in August as compared to July and down 45% from August 2009.  Supply of inventory decreased in August to 8 months from 10 months in July and down 57% from August 2008. Thirty-Five percent of available inventory are classified as either home foreclosures or short sales.

Closed Sales for Fort Lauderdale Condos and townhomes were up 16% in August as compared to July and up 28% from August 2008.  Of these closed sales in August, 54% were classified as Fort Lauderdale condo foreclosures.

The Average Sales Price for Condos in August was up 8% from last month and down 24% from August 2008.

The Median Sales Price remained the same in August as compared to July and down 26% from same period last year.

Pending Condominium Sales were up 16% in August over July and up 83% from August 2008.

Available Inventory for Condos/Townhomes in August were down 5% from July and down 32% from same period last year.  Supply of Condo/Townhome inventory is at 14 months, just up 2 months from July and down 57% from August 2008.

Overall, the real estate market appears to continue to show good signs of recovering.  We have many more months of positive numbers than negative and supply of homes for sale is significantly down from 1st quarter 2009.

Interest rates are still attractive and the first time homebuyer tax credit for first time home buyers is expiring December 1st.  Efforts are underway to extend the tax credit.

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

Buyers can begin their home search online by searching Fort Lauderdale MLS available property listings for sale including short sales and foreclosures as well as tips and useful information for buying a home in Fort Lauderdale.

Fort Lauderdale Real Estate Market Report - July 2009

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The  Fort Lauderdale Real Estate Market report for July 2009 shows some slight decreases from last month for total number of closed sales and pending sales for both single family homes for sale in Fort Lauderdale and condos and townhomes for sale in Fort Lauderdale .

Closed Sales for Fort Lauderdale Condos and townhomes were down 4% in July as compared to June, however, closed sales are up 35% from July 2008 numbers.  39% of these closed sales were Condo foreclosures in Fort Lauderdale, up from 34% in June.

The Average sales price for condo/townhomes in July was up 3% from June and down 39% from same time last year.

Median sales price in July was up 4% from June and down 46% from July 2008.

Pending Condominium Sales down 2% in July as compared with June, however, up 147% from July 2008.

Available inventory for condominiums/ townhomes in July was down 3% from June and down 29% from July 2008.  Months of Available inventory in July remained at 14 months and 27% of this number represents Fort Lauderdale condo foreclosures and Fort Lauderdale condo short sales.

Single Family Closed Sales were down just 1% in July as compared to June and up 22% from July 2008.  37% of single family closed sales in July were bank foreclosures in Fort Lauderdale as compared to 29% in June.

Average Sales Price for Single Family homes was down just 4% from the previous month and down 30% from same period last year.  Short Sales and bank foreclosures continue to affect average sales price.

Median Sales Price up 4% in July and down 27% from July 2008.

Pending Sales for homes in July down 11% as compared to June, however up 128% from July 2008.

Available inventory for Single Family homes down 5% in July from June and down 42% from July 2008.  Months of Available inventory for homes remains at 10 months and 35% of this figure represents home foreclosures and home short sales.

Despite the slight declines in July for pending and closed sales, available inventory continues to shrink and overall, the real estate market for the past 6 months has steadily shown signs of a modest rebound.

Interest rates are still relatively low and the tax credit for first time home buyers will end December 1st.

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

Buyers can always begin their search online for homes, condos and townhomes by searching the Fort Lauderdale MLS for available properties for sale including short sales and foreclosures.

Fort Lauderale Real Estate Market Report - June 2009

Fort Lauderdale Real Estate Market Report - August 2009

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The Fort Lauderdale Real Estate market for June 2009 continues to report positive numbers over same period last year, less inventory on the market for sale, however a slight decrease in pending sales and closed sales for Homes for sale in Fort Lauderdale and Condos for sale in Fort Lauderdale.

Single Family Closed sales were down just 3% in June as compared with last month, however, sales were up 21% over same period last year.   29% of homes sold in June were bank foreclosures in Fort Lauderdale as compared to 44% last month.  MLS doesn’t report closings for Fort Lauderdale Short Sales at this time.

The Average Sales Price for single family homes was up 11% over June and down 30% from same time last year.  Fort Lauderdale REO bank foreclosures and Short Sales in Fort Lauderdale continue to contribute to this decline.

Single family median sales price in June was off 17% from last month, and down 29% from June 2008.

Pending Sales for single family homes down 3% over last month, however, rose 88% from June 2008.

Available inventory for single family homes down 5% as compared to last month and down 40% from same period last year.  There is presently 10 months of available inventory, down 51% from June 2008.  40% of this inventory is classified as foreclosures and short sales.

Closed sales for Fort Lauderdale Condos were down 8% in June as compared to the previous month, however, up 22% from June 2008.  34% of these sales were condo foreclosures in Fort Lauderdale as compared to 36% last month.

The average sales price for condos was down 8% over May and down 38% from June 2008.

Median sales price remained the same month over month and down 45% from same time last year.

Pending sales for condos in June were down 5%, however spiked up 96% from June 2008.

Available inventory for condos in June down 3% from May and down 27% from June 2008.  There is presently 14 months of available inventory.  36% of this inventory is classified as condo foreclosures and condo short sales.

While June numbers report slight decreases after 4 straight months of positive trends, I think the overall picture is still good news for the real estate market.

Interest rates are still relatively low and time is running out for the tax credit for first time home buyers.

For more information about buying or selling, contact me today at 954-850-2397.

Buyers can begin searching homes and condos for sale by viewing the Fort Lauderdale MLS for available property listings including short sales and foreclosures.

May 2009 Fort Lauderdale Real Estate Market Trend Continues.

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source: Realtor Association of Greater Fort Lauderdale