Fort Lauderdale Real Estate Blog

www.johnsabia.com/blog - Harbor Beach Fort LauderdaleHarbor Beach Fort Lauderdale

Harbor Beach is an upscale waterfront community located on both sides of A1A in southeast Fort Lauderdale.  This majority of the homes in this exclusive neighborhood are deep waterfront homes with quick access to the open waters of the Atlantic Ocean via Port Everglades Inlet.

A market update during the month of October, shows that there were 3 Closed sales including the subdivision Harbour Heights.

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
1206 E Lake Dr 4/4 1950 $1,995,000 $1,600,000 10/11/18 187
2520 Del Lago Dr 3/3.5 1996 $3,299,000 $2,925,000 10/19/18 12
2200 Inlet Dr 4/4.5 1988 $4,495,000
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www.johnsabia.com blog photo Bermuda RivieraBermuda Riviera Fort Lauderdale

Bermuda Riviera is a charming waterfront community across from the beach in northeast Fort Lauderdale just south of Lauderdale By The Sea. This small neighborhood consists of less than 250 homes.

A market update during the month of October, shows that there were 3 Closed sales.

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
4001 NE 34th Ave 3/2.5 1970 $899,000 $872,000 10/09/18 70
3208 NE 40th Ct 3.2 1970 $1,025,000 $917,500 10/05/18 988
3140 NE 40th Ct 4/3.5 1986 $1,650,000 $1,510,000 10/05/18 124

What's your Home Worth? See a quick online Fort Lauderdale Property Valuation.

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www.johnsabia blog photo | coral ridge fort lauderdale

Coral RIdge Fort Lauderdale

Coral Ridge is located in northeast Fort Lauderdale just west of the Intracoastal waterway and offers residents a wide range of pool and dry lot homes as well as deep waterfront homes with ocean access.

During the month of October, a quick snapshot of closed sales shows there were 7 closed sales and 1 sale nearby in North Bal Harbour Fort Lauderdale

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
2309 NE 22nd Ter* 3/2.5 1959 $668,900 $670,500 10/29/18 29
2821 NE 40th St* 3/2.5 1960 $749,000 $685,000 10/26/18 116
2641 NE 27th Ter* 5/3 1961 $850,000 $850,000 10/16/18 139
2616 NE 23rd
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blog photo - Imperial Point Fort Lauderdale Fl

Imperial Point Fort Lauderdale

Imperial Point is located at the north end of Fort Lauderdale, just west of Us-1 (Federal Highway) and offers single family homes with dry lots, pool homes and waterfront homes. 

A market update during the month of October, shows that there were 6 Closed sales including nearby subdivisions Coral Ridge Add and Knoll RIdge.

Address Bed/Baths Year Built List Price Sold Price Sold Date Days On Market
5408 NE 22nd Av 2/2 1958 $429,900  $389,000 10/01/18 120
2030 NE 55th Ct 3/2 1970 $439,000  $426,000 10/22/18 170
2130 NE 54th St 3/2 1957 $449,000  $440,000 10/31/18 96
1802 NE 59th Ct 4/4 1968 $549,000 
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The numbers are in for the Broward County Real Estate Market Update for October 2018:

Single Family Homes

The number of closed sales for Single Family Homes in October 2018 for Broward County Florida was up by 121 sales (10.1%) with 38 more registered as cash sales (15.1%) as compared to same period last year. The Median Sales Price was up by $20,000 (6.0%) and Median Days To Contract was just one day more. The total inventory for homes for sale was higher by 795 more properties (15.6%). The total months supply was up by slightly at 4 1/2 months which is still below 6 months, which most experts agree is the base line for a balanced real estate market. The 4.5 months indicates that it is still a seller's market.

Condos & Townhouses

The number

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Spectacular views of the Intracoastal/bay from this 2 Bedroom 2 Bath renovated high floor unit at Marina Bay Condo-Hotel in Sunny Isles Beach.  Marina Bay is situated directly on the Intracoastal Waterway and is a perfect match for investors looking for a vacation get-a-way and the opportunity to earn income when not in residence.

There are no rental restrictions and pets are permitted. Marina Bay offers luxury amenities including a Fitness Room, Business Center and Huge pool and deck area with forever views. A few short blocks to the beach. Restaurants, shopping, and aiport are all close by.

Listed for $575,000. To schedule a showing, call John (954) 850-2397 / Johanne Gosselin-Sabia (954) 261-6344 (parle français).

Marina Bay Lifestyle

photo - www.johnsabia.com/blog | Marina Bay Sunny Isles

photo - www.johnsabia.com/blog | Marina Bay Condo Sunny Isles

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 Why An increase in Inventory As Homes Sales stall?

The National Association of Realtors (NAR) recently released findings in the latest Existing Home Sales Report that the supply of homes for sale and condos for sale in 2018 as compared to last year has increased each month for the last four months, while at the same time, existing home sales have slowed down.

During the last three years, the opposite was true, Sales climbed as inventory fell.

Lawrence Yun, Nar's Chief Economist shared his thoughts on why the change. Yun believes, "This is the lowest existing home sales level since November 2015. A decade's high mortgage rates are preventing consumers from making quick decisions on home purchases. All the while, affordable home listings

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Are you thinking about buying a home or condo for sale? Sandra Holmshaw with Nationwide Mortgage added this quick video to help you choose between a local mortgage broker and a bank when you decide to apply for a mortgage loan.

For more detailed information, contact Sandra Holmshaw directly.

Start your home or condo search here:

 

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Sandra Holmshaw with Nationwide Mortgage offers these tips on what not to do to if you are planning to purchase a home or condo for sale and you will be applying for a mortgage.

Give Sandra a call at the number below for more detailed information and to check the most current interest rates. 

blog post photo for www.johnsabia.com

 

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