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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.
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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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