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!

Hundreds of condominiums exist in Fort Lauderdale offering varying levels of amenities from the five star resort quality amenities to more simple valet and security. When you are buying a condominium, the amenities may factor heavily in your decision. Whether you are a first time home buyer seeking the convenience of a dry cleaner in the building or gym, or are purchasing a vacation home in which beach access and pool are paramount, Fort Lauderdale has buildings for every budget and amenity taste.

Some of my featured buildings offer first class amenities including gym, sauna, dining, and security and in addition the amenities are updated frequently, which adds considerable value should you look to resell. Sapphire Condominium offers some of the best amenities on Fort Lauderdale Beach and is considered a resort style condominium offering 24 concierge, business center, steam and sauna rooms, state of the art fitness, 25 meters of resort style infinity pool, and private cabanas and is on the beach. The Corinthian is another property offering resort style amenities including 24 hour security, heated freshwater rooftop pool, and three room fitness center. The Corinthian is a short walk from the ocean and is located directly on the Intracoastal Waterway, also making its’ location desirable. If you are looking to list or buy a property with resort style amenities in the Sapphire or The Corinthian, please contact me today!