August 2008

Found 6 blog entries for August 2008.

Home and Condo Sales figures for July 2008 - Fort Lauderdale

Listing and Sales Activity in the Fort Lauderdale Real Estate market for July 2008 reports some positive news from last month, but we are headed in the right direction.

Closed Sales for single family homes in Fort Lauderdale were down just 2% while the median price was up 2% from June 2008, however an 18% decrease from July 2007.

Closed Sales for Fort Lauderdale Condos were down 14% over June, while the median sales price was also up 4% from last month. Median price from same time last year is down 16%.

Average Sales price for both property categories were down 4% and 6% respectively over last month and down 19% and 6% from same time last year.

Positive territory for New Listing

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South Florida May Soon Follow As Equilibrium Nears Fort Lauderdale FloridaThe notion of selling a South Florida home in today’s market is daunting for some, if not disappointing for many. A second-quarter report for the Orlando, FL-based Florida Association of Realtors (FAR), however, shows progress being made in several cities throughout the Sunshine State, leaving many wondering when South Florida will follow suit. In Jacksonville, the median prices of existing homes sold between April and June rose from $185,300 to $191,700, a 3.5 percent increase as compared to the first three months of the year, according to the report. FAR president Chuck Bonillo calls the new findings positive, noting he expects Jacksonville to lead the Florida market out of its slump. “Realtors…
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WaterGarden condo | fort lauderdale condos for sale

 

WaterGarden pool | fort lauderdale real estate

 

WatgerGarden view | fort lauderdale condos

 

WaterGarden riverside | fort lauderdale real estate

 

Clients of mine just bought this Riverside floor plan WaterGarden Condo in downtown Fort Lauderdale on the 30th floor. This unit boasts spectacular views of downtown Ft Lauderdale, the Nu River, Intracoastal Waterway and the Atlantic Ocean. This condo features 2 bedrooms, 2 baths + Den, approx 1600 square ft of living area, a large open balcony with forever views. WaterGarden Condo offers residents luxurious amenities and is located just 2 blocks from shopping and dining on Las Olas Blvd. Sales Price was $700,000 and closing date was May 28, 2008.

If you are looking to buy, rent or sell a condo at WaterGarden, please contact me today.

 

 

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Even Black Clouds Have Silver Linings Click through BusinessWeek.com’s slide show, ranking the best- and worst-performing real estate markets by ZIP code and you’ll find a rude reminder of just how low some markets can go in one year alone. The July 31 report, “Real Estate Boom and Bust in the Same Metro Areas,” examined 20 major metropolitan areas to find out just how well they faired in light of today’s turbulent economy. What it found wasn’t all bad news. In fact, many of the studied markets appeared relatively strong. What’s most interesting is that many of the highest-performing ZIP codes are close neighbors to some of the report’s lowest-performing ZIP codes. In South Florida, for instance, housing prices have taken a …
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Don’t Base Your Investments on National Indicators Fort Lauderdale Condos While it may appear like you’re seeing the same home prices and sales in your local market that are being reported in neighboring counties and states, it’s important not to lose sight of the details specific to your market. Markets can vary widely from city to city, neighborhood to neighborhood or, as in the case of Fort Lauderdale condos such as Las Olas River House, Las Olas Grand,WaterGarden, Symphony, Las Olas Beach Club or L'Hermitage; building to building. Keeping market-specific details, such as price trends, volume and inventory, in mind when buying or selling residential real estate in Fort Lauderdale and elsewhere, is the key to evaluating real estate deals. Unfortunately, the…
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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…
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