Fort Lauderdale Real Estate Prices
Posted by Eric Miller on Sunday, June 19th, 2011 at 10:29am.Fort Lauderdale Homes and Condos Inventory Tightening
Fort Lauderdale Homes for Sale have been seeing the number of available units drop month by month. Throughout numerous articles on this blog, as a Fort Lauderdale Realtor I have spoken about Wilton Manors Real Estate becoming a sellers market. I have dicussed the end of any inventory of new Ft Lauderdale Beach Condos. We have mentioned excellant building near the beach such as the Tides at Bridgeside Square where there are currently 7 units on the marekt representing less that 3% of the building. We have discussed inventory shrinking in Las Olas area condominiums such at Symphony Condominium. Simply our conversation has been a very local one. Its been a conversation of great neighborhoods and great buildings where inventory is shrinking quickly and buyers who are waiting may be disappointed as, the best properties in Ft Lauderdale Real Estate are showing signs of selling quickly.
Sun Sentinel Agrees
Today the local newpaper published an article voicing a sense of agreement called "Decline in South Florida Homes for Sale Giving Sellers an Edge".
Bumps in the Road
There is no doubt that there will be bumps in the road. Expectation of any market to increase or decline in a straight line is unrealistic. Howvever, when we look at the trend five years from now starting today it is the opinion of this Fort Lauderdale Realtor and many others that we will be able to see that inventory started to tighten and there was a gradual increase of prices as the standard formulas of supply and demand started to become more balanced. If you are thinking of some of the most diserable properties in the Ft Lauderdale Real Estate market, such as a Ft Lauderdale Waterfront Home, or a Luxury Ft Lauderdale Beach Condominium, these are the properties that Ft Lauderdale Real Estate has been known for and these are also the properties where supply is going to disappear the fastest. Take advantge of our Ft Lauderdale Real Estate website where you can be the first to be notified when a property meeting your criteria comes on the market, and we can help you to be the first in the door with a strong offer hopefully winning the deal on your perfect Ft Lauderdale Home of Condominium for Sale.
Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide of Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.
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Posted on Monday, July 18th, 2011 at 8:34am.