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Monday, December 21, 2015

For the first time since 2001, Florida has taken the top spot in The Harris Poll. Following Florida, California and Hawaii were the runners up. Voters in the poll vote for any state they would prefer to live in outside of their current state of residency. There are so many reasons why Florida tops the list but the obvious answers are the stunning beaches and incredible weather. Some of the age groups choosing Florida are, Millenials, Gen X, Baby Boomers, and retirees. Fort Lauderdale is witnessing a huge influx of visitors and it is not difficult to see why, considering the access to water and the abundance of opportunity in business that is moving to the area.

Within Florida, South Florida is getting a nod of recognition as one of the best places in Florida, Fort Lauderdale, in particular, is considered by many to be more desirable than Miami. It has access to deep water and fishing, it is the yachting capital of the world, and the dining is becoming increasingly popular as well. Shopping is abundant and luxurious at Galleria mall, which is undergoing renovation, and the Aventura Mall is just to the South. If you are interested in relocating to Fort Lauderdale, please contact me today to explore preconstruction and resale opportunities in real estate!

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Monday, December 21, 2015

The Related Group in concert with Fortune International Goup and the Fairwinds Group have broken ground at the highly anticipated Auberge Beach Residences and Spa. This project is a 171 residence directly on the beach at 2220 North Atlantic Blvd. It is being built on the former Ireland's Inn and is designed by critically acclaimed group Nichols, Brosch, Wurst, Wolf & Associates with Moss Construction. It is estimated for completion in 2017. Residences are priced between $1.4 and $9 million. They range from 1,500 to 5,000 square feet and the buildings will stand 17 and 22 stories tall. It is slated to have multiple pools, gourmet dining, top of the line fitness facility, club room, and spa.

Auberge is already 85% sold out, which is further evidence of the demand for new construction and inventory in Fort Lauderdale. Currently, there are a number of projects on the market including boutique buildings such as Aquamar and Aquablu that are smaller in scale, and other larger beach projects. All take advantage of the incredible water views of Fort Lauderdale, whether on the Intracoastal or Atlantic Ocean. Waterfront condominiums have been in short supply the past year, and with this constricted inventory, there has been a veritable building boom across the city. If you are interested in a preconstruction property in Fort Lauderdale, such as Auberge or Aquablu, contact me directly!

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Saturday, December 19, 2015

I am pleased to announce that Sunrise East residence 15 F is newly under contract, above the asking price in only 38 days. This turnkey spacious 1,900 square ft corner residence was destined to sell quickly, yet a bidding war above initial list price was beyond my expectations. There were multiple offers received, in only one week, and for a very good reason. This residence was completely updated in every way that is desirable to today's buyer. It has a new washer dryer, new A/C and new hot water heater, high end kitchen and bathroom finishes, hurricane impact glass, and skim coated ceilings, not to mention the breathtaking water views from every window. I have made these recommendations countless times to sellers, and when followed, and then priced correctly, the Seller receives the highest price possible in the shortest period of time. The Fort Lauderdale market is still in full swing and time is of the essence listing your home or condominium, regardless of the holidays.

Sunrise East, The Corinthian, and Berkley South have had a very active year. Much real estate news in South Florida and Fort Lauderdale has been the surrounding new development due to constricted inventory, however the buyers of resale condominiums is also a choice that is more desirable for many. One reason resales in the above buildings are a prudent choice is they have proven to be fiscally stable and have or are about to undergo renovations. A renovated condominium and a fiscally healthy building insures your resale value should you choose to sell in the future. Additionally, these residences have incredible locations that stand the test of time. If you are interested in buying or selling in Berkley South, The Corinthian, or Sunrise East, please contact me today for my marketing and selling recommendations!

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Friday, December 11, 2015

According to Realtor.com, home sales are poised to reach the highest levels since 2006 in 2016. It is anticipated that new and existing home sales will reach 6 million. The new home market is expected to make the most gains, and we can see this very clearly in the Fort Lauderdale market with all of the new construction properties. While gains are moderate, they are steady, which indicates a healthy real estate market with more inventory from new development, and stable sales of existing homes.

Some new changes in the 2016 market are also expected as new buyers enter the market. Millenials are expected to begin buying considering they are making more money and mortgage rates are still relatively low, and they are projected to make up 30% of the buyer demographic in 2016. In addition, more people are retiring with such good economic conditions and retirees are selling homes and buying in different areas, especially Florida.Retirees are expected to make up the second highest demographic in 2016. I am witnessing a quickening pace of sales and my listings are going on the market and being snapped up in a matter of days. If you are looking to downsize and purchase a condominium, or you are a first time buyer looking to put roots in Fort Lauderdale, contact me today!

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Wednesday, December 2, 2015

It is with pleasure that I announce the exclusive listing of 16j in The Berkley South condominium. It is the epitome of sophistication and is upgraded in a contemporary European style, with views all the way south down the Intracoastal Waterway, the ocean, and city. Each room has a view and some of the outstanding updates include smooth skim coated ceilings, contemporary automation lighting, custom hand built wood closets in each bedroom, with the master closet walk in, solid wood custom doors, and bamboo wood flooring. Marble, granite, and glass are expertly used throughout the residence and it has a custom whole house water filtration system and built in surround sound entertainment system with entertainment centers in the bedroom and living room. This stunning residence is being sold turn key, completely furnished.

One of the renovations that stands out the most is the European chef's kitchen featuring a floating style glass eat in bar, custom cabinetry, Quartz counters, built in wet bar and wine cooler, complete with top of the line stainless steel appliances. Baths are state of the art, and the master bath includes marble combination Jacuzzi tub/frameless shower, custom granite wood vanities with dual sinks and designer tech lighting. The guest bath is upgraded with a porcelain walk in shower, contemporary stainless and glass vanity with European hardware. It is rare that I have the opportunity to represent a listing as impeccably upgraded as residence 16J, and I am pleased to offer this listings exclusively for $449,000. This is an excellent price for a property of this caliber in such a desirable location.

The Berkley South building is one of my featured condominiums and it is about to undergo complete renovations including hallways, club room, fitness center, and pool deck with jogging track, beautiful landscaping and infinity pool. Current amenities include a heated freshwater pool located on a 40,000 square foot deck, tennis court, fitness facility, billiards room, BBQ area, storage, 24 hour concierge with management on site, garage parking and the building allows 2 dogs, up to 20# each. This residence has monthly maintenance beginning January 1 is $684.29 per month including 13% reserve funding, insurance, high speed internet (new CAT 5 dedicated fiber optic wiring into each residence) and enhanced cable TV. For more information on this residence and other residences for sale in The Berkley South or if you are looking to sell in The Berkley South, please contact me today!

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