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Real Estate Advice

Sunday, January 25, 2015

Recently, I reported the listings available in Berkley South, and there are two new items of interest in the building. First, the highly sought after large NE corner residence 19F has been reduced by $40,000 and is now priced at $389,900. 19F boasts incredible unobstructed DIRECT OCEAN views and has two bedrooms and two baths with stylish upgrades. This high floor residence has ocean views from every window, and at this price is expected to sell quickly. Second, I am pleased to announce a new listing in Berkley South just a few doors down from 19F, 19k.

19K in Berkley South is a coveted south facing penthouse with incredible views all the way down the ocean and Intracoastal Waterway and city skyline lights at night. It has two beds and two baths in a spacious configuration featuring an eat in kitchen, walk in closets, and hurricane impact glass on all openings. This residence is listed at $299,900. Berkley South is one of the most financially stable buildings in Fort Lauderdale and a residence such as this is likely to sell quickly. For more information on either 19F or 19K please contact me today!

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Sunday, January 25, 2015

Each year The Food Network and Cooking Channel personalities descend onto South Beach presented by Food and Wine and it is a national destination event that we in Fort Lauderdale are fortunate enough to be on the doorsteps of. World renowned producers of wine and spirits, culinary masters, and chef personalities host a series of events and lectures from everything from Paella with chef Jose Andres to Brunch with Martha Stewart. It is hosted by Southern Wine and Spirits and benefits Florida International University Chaplin School of Hospitality and Tourism. The festival has raised over 20 million to date.

The event started in 2006 and is in its' 13th year and lasts from February 19-22. It now has its' own annual cookbook dedicated to the chefs and new recipes showcased at the events. Additionally, there are events for the whole family including fitness and health workshops to private dining affairs with the biggest names in the culinary world. This is an event not to be missed in South Florida, for more information and for tickets visit www.sobefest.com!

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Friday, January 16, 2015

2015 is looking like a record breaking year in Fort Lauderdale and I am pleased to offer four listings in The Berkley South Fort Lauderdale condominium. Representation of each listing is different, however there are some important selling points that are common and are indicative of how quickly a home will sell and the buyer responses to a property. Here are my four Berkley South listings with the high selling points of each. If you have questions or would like to list your Berkley South Fort Lauderdale condominium, please contact me today!

Berkley South 9B – This residence is the best value in Berkley South for a north facing medium high floor two bed and two bath home listed at $224,990. It has ocean and intracoastal views from the edge of living room and balcony. The guest bath is updated and there is hurricane glass on all openings. Lower utility bills on the north side of the building.

Berkley South 6i – Residence 6i is the best value in the building; most desirable sunny south facing two bed and two bath listed at $244,900. This is the most immaculately maintained unit in pristine condition with nice ocean and Intracoastal views.

Berkley South 14L – Residence 14l has the largest floorplan in the building and boasts large large bedrooms in a sunny southwest corner, perfect for sunrise and sunset with long views of the ocean, Intracoastal waterway, and skyline. This 2 bedroom two bath residence is listed at $359,900.

Berkley South PH-F – This rarely available completely updated NE corner two bedroom two bath penthouse in the sky has the most spectacular direct ocean views, east south and north all the way up the Galt Ocean Mile to the lighthouse in Deerfield. There is an ocean view from every window, the most unusual is the direct ocean view from the window above the kitchen sink. The F” stack is a favorite floor plan in the building with three huge walk-in closets and oversized pantry. PH-F is listed at $429,900.

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Friday, January 9, 2015

2014 was an exceptionally busy year in Fort Lauderdale real estate with the demand often outpacing the supply of both condos and homes. My sellers witnessed their homes going under contract often under 30 days with proper pricing. Below are some of the insights for the past month and the current state of the market in my lead buildings; the Corinthian, Shore Club, Sunrise East, Park Tower and The Venetian.

Corinthian: The Corinthian had one closed sale in December, selling in original condition for $440,000 ($311/sf), and under contract in 9 days. I have another pending sale, Corinthian 3F listed for $559,000 under contract in 5 days, scheduled to close January 16. There are currently 4 units for sale in the Corinthian, all with recent price reductions. .I encourage you to act quickly if looking to buy in the Corinthian. Values rose 21% in 2013 but show a 1% decrease this past year.

Shore Club: The Shore club had one closed sale in December for $480,000 ($320/sf) and there are currently six units for sale in the building. Shore Club values increased a whopping 46% in 2013, declining 6% this past year.

Park Tower: Park Tower had one closed sale in December, selling for $795,000 ($468/sf) and there are currently 3 active listings. Park Tower has shown significant increases in value for the last 2 years; 21% in 2013, and 20% in 2014.

The Venetian: There was one closed sale in the Venetian in December, selling for $500,000 ($417/sf); there are 2 new pending sales and only 1 active listing. Values in the Venetian increased 8% in 2013 and 23% in 2014.

Sunrise East: Sunrise East has no closed 2BR sales since May 2014. There is 1 pending short sale, and 4 active listings in the building. There was a significant increase in value of 34% in 2013, leveling off to 8% in 2014.

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Friday, January 9, 2015
Sapphire Fort Lauderdale is one of the leading residential luxury condominium developments in Fort Lauderdale and it has witnessed steady and impressive gains in value since 2010. 17 residences sold in 2014 at an average of $405 per square foot, which is a 10% increase from sales in 2013. Currently in Sapphire there are 8 residences for sale starting at $599,000 and going up to $795,000. Most recently 1106N closed on January 5, 2015 for $540,000 at $424 per square foot, a 5% increase over 2014, setting a good pace for the year to come.

Sapphire Fort Lauderdale Condo is located in Fort Lauderdale Beach minutes from Las Olas Boulevard and Riverwalk mall, offering attractions past the stunning sun and sand of the Central Beach Alliance neighborhood. It was built by the renowned firm Kobi Karp and its two towers stand 12 stories high with a total of 172 residences in 2-3 bedroom floorplans. Completed in 2009, it is a relatively new building and its’ resort style amenities include private cabanas, 25 meter infinity pool, state of the art fitness center, spa with steam and sauna, clubroom, business center, and conference room. Residents also gain access to the exclusive Harbor Beach Resort and Spa which offers full beachfront area, dining, and pool. For more information on residences at Sapphire or to list your Sapphire condominium, please contact me today!

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