Fort Lauderdale Real Estate Blog

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 - | Marina Bay Sunny Isles

photo - | Marina Bay Condo Sunny Isles

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Intracoastal Front - Sunny Isles Florida

1 bedroom condo for rent - fully furnished. A few short blocks to the beach. Panoramic Intracoastal/ Bay views with spectacular sunsets. Seasonal or Annual. Contact Owner's son Directly for price and details. Giovanni (514) 994-4087. (English, French and Italian speaking).

Condo à louer, 1 chambre à couche, meublé. à Quelques pas de la plage. Vue panoramique sur l'Intracoastal et la baie avec des couchés de soleils spectaculaires. Saisonnier ou annuel. Pour toutes informations additionnelles, Contactez le fils du propriétaire directement: Giovanni (514) 994-4087.
(parle français, anglais et italien)

Disclaimer: This property is NOT listed by Coldwell Banker. John Sabia (and Coldwell Banker) are posting

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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. 

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20 Tips To Help You Sell During The Fall Months

When listing your home for sale, your number 1 objective should be to get your home sold for the highest possible price and best terms. Before listing, you may want to ask if there are small projects you can do to ensure you reach your goal. As a local professional real estate agent, I can make simple suggestions you can implement to get your home ready for the market.

Here are a Few Tips

  • Your entry needs a new look!  A fresh coat of paint or a new front door will do wonders.
  • Landscaping needs help! A well groomed lawn and hedges shows buyers the home has been well taken care of.
  • Change bulbs both Interior & exterior lights - If they are not in working order. Light it up!
  • Clean
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Is the increase in Inventory a Bearish or Bullish Indication?

a recent article reported New listings increased by 8% year-over-year across the nation, the largest increase since 2013. Also reported, The total listings in the 45 biggest real estate markets are now up 6% on average as compared to last year.

This housing inventory increase has triggered two different reactions. Some folks are concerned that this signals a potential collapse, while other folks believe it is a welcomed reprieve from the lack of inventory that many markets have experienced.

In a recent 'Z Report by Zelman & Associates, "with the rate of home appreciation starting to decelerate alongside the uptick in inventory, we exect significant debate whether this

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Owning Your Own Home May Help You Retire Sooner

Millionaire's advice to Millennials - David Bach, A self-made millionaire who has written 9 consecutive New York Times bestsellers, was featured in an article in CNBC saying, "Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off."

Mr. Bach suggests that homebuyers should, "Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally, 15 years."

Here is the secret on how to achieve this: Mr. Bach says, "if you were paying $1,000 a month, how you're going to make $1,100 payments eery month. Inform the bank that you are doing this and that you want the extra $100 to be applied to the

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