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Real Estate Advice
Real Estate Advice

 
Tuesday, March 27, 2012

Residence 9D recently sold for $300,000 in The Corinthian, and currently, there are 7 pending sales. I am proud to introduce the latest listing, a totally renovated NEW 2 bedroom listing priced at $410,000. Among some other condominium closing news, Unit 19D will close on March 30, 6G will close on April 6, and 7A will close on April 10. This is an exciting time in the Fort Lauderdale real estate marketplace. The lack of inventory and positive media reports have contributed to an uptick in the market and buyers are increasingly having difficulty getting low priced properties. According to the most recent reports, pending sales are up 30% in Broward County and this trend does not seem to be showing signs of slowing, especially in The Corinthian. Low offers are not being accepted and well-priced properties are experiencing multiple offers, and often result in a bidding war in which the highest offer wins. Further recommending The Corinthian, is its long standing reputation as one of the most financially stable and well maintained buildings in Fort Lauderdale. If there were a time to sell in The Corinthian, it would be now.


The Corinthian is perfectly placed just south of Sunrise Boulevard and across from the shopping mecca, Galleria, minutes from the beach, with the conveniences of Publix, Starbucks, and all of Fort Lauderdale’s bars and restaurants seconds away. It is situated directly on the Sunrise Intracoastal Waterway, offering views of the Intracoastal, Bonnet Preserve, and the Atlantic Ocean. There are 3 elegant penthouses on the 23rd floor and 152 spacious two bedroom and two bathroom units. Many residences have been updated with open kitchens, top of the line stainless steel appliances, and granite countertops. All residences at The Corinthian feature large private terraces, floor to ceiling glass windows facing east, private concealed trash shoots in the kitchens, washer and dryers, and hurricane protection.


The amenities at The Corinthian create a truly resort style living experience. On the penthouse level there are 3 rooms of cardio and Cybex weight equipment overlooking the Atlantic Ocean, perfect for those health conscious residents. The rooftop has been completely renovated including a heated fresh water pool and nicely appointed clubhouse. The Corinthian Clubhouse has full kitchen facilities perfect for a night of entertaining or watching some of Fort Lauderdale’s best events such as the Annual Winter Boat Show or the incredible fireworks on the Fourth of July. Coming and going is incredibly easy and secure with 24 hour security, 24 hour parking attendants, covered assigned parking, and a large open air guest parking above ground. With direct access to the Fort Lauderdale Airport, The Corinthian is also ideal for those looking to purchase a vacation residence, but you must act fast, The Corinthian is selling out. If you are looking to sell your unit or are interested in learning more about what your residence at The Corinthian is worth in today’s market, please contact me directly!

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Thursday, March 22, 2012


It is with great pleasure that I report that sales are up and the inventory in Fort Lauderdale is shrinking. As I reported previously, pending sales are on the up tick and, within my business, my listings are going under contract often in under 20 days. Given the gains in the job market, record low mortgage rates, and buyer tax incentives, I quite literally cannot keep listings on the market. This week, I would like to share the market report for the incredible building Le Club International.

Le Club International is one of the premier condominiums in Fort Lauderdale esteemed for its exclusivity, boating facilities, Atlantic and Intracoastal views, and unbelievable location. The beaches, oceanfront dining, and world class shopping are all in close proximity to Le Club International. Amenities at Le Club are among the best in Fort Lauderdale, incredible lush landscaping, grand lobby with cascading waterfalls and exotic marble flooring, 24 concierge and security, dual resident parking spaces, boat slips, housing yachts up to 150 feet long, and exclusive owner activated private elevator leading to a double door entrance to a formal foyer. The fourth floor at Le Club features an expansive waterfront pool deck with three separate Sun Plazas, an oversized lap pool, elevated whirlpool spa, gazebo and has trellised seating area, fully appointed private poolside cabanas, state of the art exercise room with separate men’s and women’s facilities, plush party room (The Blue Room) overlooking the Intracoastal Waterway and private marina, featuring full kitchen and catering bar. This architectural masterpiece has 64 residential units and 6 different floorplans to choose from. Residence features include, floor to ceiling glass windows, open European Snaidero Kitchen with Kitchen Aid “Architect Series” stainless steel appliances, his and her bathroom suites with Jacuzzi tubs, marble vanities, and seamless glass walk in showers. These residences truly are sky homes that accommodate the most discriminating tastes.

Currently, Le Club International has 10 listings available on the market with 3 pending sales in the last 2 weeks, one of which is a private sale not listed on the MLS. The starting price point is $695,000 and goes upwards of $1.8 million. The current average price per square foot is $454 and the average list price is $1,173,800. The higher priced listings often include boat slips, so be sure to inquire whether the listing contains a boat slip. There were 7 closed sales in 2011 ranging in price from $650,000 to $909,000, which shows that the prices in Le Club are increasing due to the recovering real estate market and the shrinking inventory in the building. It is a wonderful time to list at Le Club given the real estate climate in Fort Lauderdale, as well as in this building. If you are thinking of selling or are interested in purchasing, please contact me directly!

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Friday, March 02, 2012

The National Association of Realtors has announced that pending home sales have risen by 8% in January from January of 2011. A pending sale is defined as a home under contract for sale. Pending home sales figures are a direct indicator of future closings and are also an excellent sign for the real estate recovery. The Southern region in particular witnessed an increase of 10.5%, the second highest increase in the US. Many buyers are taking advantage of the legislation making home buying more affordable and it is a wonderful time to invest.

In the past, the movement of these figures have been uneven due to credit immobility however there have been gains in jobs and increased affordability, which have made it easier for home buyers to purchase. Further, rents have increased and the inventory has declined, showing signs of a sustained real estate recovery. A recovery will mean less homeowners in distress and median home price increases. This is wonderful news for home sellers, and buyers should take advantage of this time to buy, because prices will only increase from here! For more information please contact me directly. realtor@joannedwards.com

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