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Fort Lauderdale Florida Real
Estate
Are you thinking of buying a piece of Fort Lauderdale
Florida Real Estate? Fort Lauderdale ranks 18th
in the country for new home construction. By mid-year
2006, there is an anticipated growth of 16.3 percent
in pricing. Over the last five years, growth is up over
100%. The median price for a single family home in 2004
was $301,900, a gain of 28% since 2003. By January of
2005, it topped $400,000.
The Fort Lauderdale Florida real estate market is
great for the seller right now. It’s difficult
for the buyer because of a lack of available property.
New development continues in the Fort Lauderdale area,
but it gets snatched up quickly. The proposed Donald
Trump condominium, is just one pending project, along
with a proposal for a 48 story condo.
Fort Lauderdale Florida real estate has a low supply
of available inventory, with listings lasting only
10-30 days on the market. Fort Lauderdale Florida real
estate is in low supply because overbuilding has not
been allowed due to city government. The limit on new
construction in downtown Fort Lauderdale will impact
the stability of this market in a positive way.The city
has limited the number of condos to be built, the last
3 buildings to be built have just received their OK
from the city.
Fort Lauderdale Florida real estate investors
purchasing pre-construction
luxury condominiums are being warned about rising interest
rates, fuel costs, inflation, and rising inventories,
selling in the high-end condominium sector could be
negatively impacted.
What is the average Fort Lauderdale home cost?
Prices vary based on the size, amenities and location
of the Fort Lauderdale real estate property, but most
are in the $464,032 range, and the average price of
a 2 bedroom condominium is $251,078. There are also
some Fractional
Ownership opportunities in the Fort Lauderdale area
that are becoming very hot.
Fort Lauderdale Florida Real Estate To Consider
- Harbor Beach / Fort Lauderdale Florida
Real Estate is comprised of 344 residences,
many of which are waterfront and offer homeowners
private dockage. Developed in the 1950´s,
the neighborhood consists mainly of single-family
homes with a mix of styles that include Florida
ranches, Spanish/Mediterranean mansions and modern
homes with clean lines. Prices in the neighborhood
range from the $800,000´s to over $15 million
for an ultra-luxury waterfront estate.
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Las Olas Grand River House / Fort Lauderdale
Florida Real Estate is a 42-story building,
with private elevator access and two restaurants,
River House's units started at $370,000 and climb
to $4.6 million (for one of 12 three-story townhouse
- Sapphire's / Fort Lauderdale Florida
Real Estate is a pair of mid-rise (12 story)
buildings located amid lush tropical landscaping
just feet away from Fort Lauderdale beach and the
intracoastal. With 172 owners to enjoy the carefree
experience of a full range of services there will
be no other like it.
- Village at Sailboat Bend / Fort Lauderdale
Florida Real Estate is regarded as the birthplace
of this city, where carpenters, blacksmiths and
masons crafted their own homes in the late 19th
and early 20th centuries. The 221 homeowners at
the Village at Sailboat Bend will enjoy Lennar's
"Everything Included" approach.
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