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Berkley South Market Report
Berkley South Market Report

 
Friday, April 06, 2012
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Berkley South has a flurry of activity to report this week. There are three pending sales, 16F, 19H, and 5i,  and 2 new listings, 5F & 5i. 16F was on the market only 4 days  before going under contract, 5i was just listed April 1 and under contract in 4 days. There are only 5 available properties for sale in Berkley South. Berkley South has also witnessed a price increase in listed properties. In 2011, there were 11 closed sales, sold for the prices between $270,000-$170,000, whereas in 2012 thus far, there have been 5 closed sales between $301,000-$183,000.  There are a number of factors experts have ascribed to the increases in prices in waterfront or near waterfront properties in Broward County, one of which is a reduction in inventory and an incredible increase in pending sales, up 53% from last year in February, according to the Miami Association of Realtors.

Berkley South is not only a fiscally responsible and reliable building in Broward County, but it has also undergone extensive renovations, increasing its value in today’s waterfront condominium market. Garage and parking lot renovations, new balconies, and brand new elevators and clubroom kitchen, in addition to an incredible new lobby, have increased the values of the properties within it.  The amenities available also include a heated freshwater pool on a 40,000 square foot deck, tennis court, fitness facilities, billiards, BBQ area, extra storage, 24 hour security, and building staff on premises.

Of the properties available at Berkley South, there is only one that is a northeast facing corner unit with 2 bedrooms and 2 bathrooms and over 1,300 square feet. 5F, one of my newest listings offers high end designer finishes for the discerning buyer. The renovations in this residence are unlike any other available in the Berkley South Condominium. The kitchen is impeccably remodeled with an artistic mosaic backsplash of sea imitating blues surrounding the GE Profile stainless steel appliances, and framing the modern bamboo wood custom cabinetry. Multi-colored LED lights illuminate this kitchen and your culinary creations. With 24 inch marble floors, smooth ceilings, enormous closets, and completely updated electrical lighting and new hot water heater, accentuated by a stunning walnut bar with imported lapis marble, no detail has gone unnoticed in this residence. The guest bath has a white Calcutta custom seamless walk in shower, Grohe hardware, mahogany granite topped vanity, and lighting, and the master bath has been upgraded with a marble integrated tub and shower, in addition to granite and maple vanity. This is truly an extraordinary opportunity to own in an updated beach area building with resort style amenities. Contact me for more details on this listings and others in the Fort Lauderdale Waterfront Real Estate Marketplace!

Inside Look Video! http://youtube.circlepix.com/listingvideo/6GSP5

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