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Broward Prices Are In!
Broward Prices Are In!

 
Wednesday, February 25, 2015
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Greater Fort Lauderdale Realtors announced the numbers for January and the news, unsurprisingly is that prices are up. Broward’s median price in January was $265,000 which is up 2% from last year. Sales dropped by a nominal percentage of less than one percent, which is a difference 6 less homes sold. The gains in 2013 and 2014 in the Fort Lauderdale marketplace have been staggering in the double digits, and historically in healthy conditions home prices appreciate at roughly 3-4%. These numbers are telling for buyers and sellers and I will expand on these below!

What does this mean for sellers?

There is no better time to sell than right now for condominiums and single family homes in Fort Lauderdale. The inventory is currently tight in both markets, and despite there being numerous preconstruction properties on the market, they are selling out in record time. Selling in this climate, you will get the very best value for your home and the market is stabilizing as well.  

What does this mean for buyers?

If you are looking to buy right now, the market is still on the way up. Preconstruction properties are selling out in the current market and there are also existing condominiums in the Corinthian, LeClub, Park Tower, Shore Club, Sapphire, and Berkley South that are priced very competitively. If you are looking to purchase a condominium preconstruction or at any of my featured properties, please do not hesitate to contact me! 

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