Understanding Ft Lauderdale Real Estate Numbers
Posted by Eric Miller on Saturday, August 20th, 2011 at 8:51am.Fort Lauderdale Real Estate statistics seem to be attracting a great deal of national attention as of late with great generalities to the condition of the Fort Lauderdale Real Estate market. These broad strokes of information when it comes to the Fort Lauderdale Real Estate market can be very misleading. The rules of real estate which apply to every real estate market, location, location, location, become even more important in a market like Ft Lauderdale Real Estate when there are draws to a certain location that simply cannot be replicated. In the Fort Lauderdale Real Estate market one such draw is Fort Lauderdale Beach. When a buyer of Fort Lauderdale Real Estate is focused on what is on their wish list to the point that they know they want a Fort Lauderdale Condo directly on the sand, providing a true picture of the market is much easier. Many Fort Lauderdale Condo buyers approach Ft Lauderdale Real Estate looking to buy their dream vacation Ft Lauderdale Condominium and often this comes with the desire to be “within walking distance” to the beach, once again the market is very specific and the ability to provide a market analysis is much easier.
A brief analysis of the Fort Lauderdale Real Estate market clearly shows the difference that can occur in the submarket of Fort Lauderdale Beach Condos compared to all condos for sale in Broward County. Over the last 12 months prices in the Fort Lauderdale Condo market have risen approximately 5.1%. During that same period the number of Ft Lauderdale Condos sold has risen 2.5%, however the number of condos sold in the Fort Lauderdale Beach area has risen 15.3%. The number of pending sales throughout Broward County has risen 8.5% over the last 12 months, the number of pending sales of Fort Lauderdale Beach area condos has risen 21.8%.
When you approach any real estate market the more specific your wish list the easier it is for your realtor to provide a clear picture of the market. In the Fort Lauderdale Real Estate market, if you desire is a new Fort Lauderdale home, one that has never been lived in, the supply becomes extremely limited. Seeking to obtain a better understanding of the Fort Lauderdale Real Estate market, define what you are looking for and contact a Fort Lauderdale Realtor, allow them to provide you with a market analysis of properties that are similar to what you are looking for so that you can better understand the local real estate market before you start your search.
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 Tuesday, September 20th, 2011 at 2:56pm.