Fort Lauderdale Florida Real Estate

Are you thinking of buying a piece of Fort Lauderdale Florida Real Estate? Fort Lauderdale ranks 18th in the country for new home construction. By mid-year 2006, there is an anticipated growth of 16.3 percent in pricing. Over the last five years, growth is up over 100%. The median price for a single family home in 2004 was $301,900, a gain of 28% since 2003. By January of 2005, it topped $400,000.

The Fort Lauderdale Florida real estate market is great for the seller right now. It’s difficult for the buyer because of a lack of available property. New development continues in the Fort Lauderdale area, but it gets snatched up quickly. The proposed Donald Trump condominium, is just one pending project, along with a proposal for a 48 story condo.

Fort Lauderdale Florida real estate has a low supply of available inventory, with listings lasting only 10-30 days on the market. Fort Lauderdale Florida real estate is in low supply because overbuilding has not been allowed due to city government. The limit on new construction in downtown Fort Lauderdale will impact the stability of this market in a positive way.The city has limited the number of condos to be built, the last 3 buildings to be built have just received their OK from the city.

Fort Lauderdale Florida real estate investors purchasing pre-construction luxury condominiums are being warned about rising interest rates, fuel costs, inflation, and rising inventories, selling in the high-end condominium sector could be negatively impacted.

What is the average Fort Lauderdale home cost? Prices vary based on the size, amenities and location of the Fort Lauderdale real estate property, but most are in the $464,032 range, and the average price of a 2 bedroom condominium is $251,078. There are also some Fractional Ownership opportunities in the Fort Lauderdale area that are becoming very hot.

Fort Lauderdale Florida Real Estate To Consider

• Harbor Beach / Fort Lauderdale Florida Real Estate is comprised of 344 residences, many of which are waterfront and offer homeowners private dockage. Developed in the 1950´s, the neighborhood consists mainly of single-family homes with a mix of styles that include Florida ranches, Spanish/Mediterranean mansions and modern homes with clean lines. Prices in the neighborhood range from the $800,000´s to over $15 million for an ultra-luxury waterfront estate.
  

• Las Olas Grand River House / Fort Lauderdale Florida Real Estate is a 42-story building, with private elevator access and two restaurants, River House's units started at $370,000 and climb to $4.6 million (for one of 12 three-story townhouse
• Sapphire's / Fort Lauderdale Florida Real Estate is a pair of mid-rise (12 story) buildings located amid lush tropical landscaping just feet away from Fort Lauderdale beach and the intracoastal. With 172 owners to enjoy the carefree experience of a full range of services there will be no other like it.
• Village at Sailboat Bend / Fort Lauderdale Florida Real Estate is regarded as the birthplace of this city, where carpenters, blacksmiths and masons crafted their own homes in the late 19th and early 20th centuries. The 221 homeowners at the Village at Sailboat Bend will enjoy Lennar's "Everything Included" approach.

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