Fort Laudedale New Luxury Condos - Disappear in 2011

Posted by Eric Miller on Wednesday, January 5th, 2011 at 6:16am.

Fort Lauderdale Real Estate News seems to ignore a well known fact among the insiders of the Ft Lauderdale Real Estate Community.  2011 will be the last year to purchase a brand new condominium in the Ft Lauderdale Condo market for at least 4 to 5 years.

If you have been thinking for years about purchasing a New Condominium in the Ft. Lauderdale area, wait no longer time is simply running out on new Condos in Ft Lauderdale.

 

When Fort Lauderdale Real Estate prices collapsed, in approximately, 2006 there were only a few buildings under construction in the Fort Lauderdale Condo Market. If you add Pompano Beach, and Lauderdale-by-the-Sea to be part of the Fort Lauderdale Real Estate market, only three additional new developments get added to the inventory of Fort Lauderdale Condos.

 

Recently it was said that only 4% of Fort Lauderdale’s New Condominiums remain unsold, but nowhere did the source discuss 4% of how many Ft Lauderdale Condos. If we add the all the new buildings in the entire Fort Lauderdale Real Estate market together we feel the total inventory completed after 2006  was approximately 1000 units,  4% would mean their were 40 unsold units. Simply we know this is not reality but we know the inventory is shrinking quickly. We currently estimate that in the Fort Lauderdale Real Estate market there may be less than 150 brand new Ft. Lauderdale Condos available for sale.

 

Ready to see these condos, thinking about calling one of the last new Ft. Lauderdale Condos your own, call Eric Miller and Associates and schedule our new construction tour. We will set up the appointments and turn you into experts on the Fort Lauderdale Luxury Condo market in a few short hours. As Fort Lauderdale Real Estate experts we are excited about the great product available and the bargains that current buyers are getting, but simply it is not going to last.  In real estate, if you can purchase a Ft. Lauderdale Condo brand new for less that it would cost to build, this is a bargain.

 

Fort Lauderdale Condos will not be built as long as current prices reflect a loss for the developer. There are no permits in front of the city requesting to build new Ft. Lauderdale condos, and the design, permit and construction process can take over three years. With this in mind, remember the law of supply and demand. If purchasing a new Fort Lauderdale Condo, is on you’re your wish list, you need to make 2011 your year.

 

At Eric Miller and Associates we look forward to seeing you in Ft Lauderdale during 2011, the final season for many years, for new construction Ft Lauderdale Condos.

 

In the Fort Lauderdale Condo market there is remaining unsold inventory in the Sapphire, Fountains on Ocean Blvd, and Coconut Grove. In Pompano we add the Sonata Beach, and the Oceanside, and in Lauderdale-by-Sea we add Villas of the Sea.  At Eric Miller and Associates we are here to answer to your questions about any Ft. Lauderdale Real Estate.

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

7 Responses to "Fort Laudedale New Luxury Condos - Disappear in 2011"

Fort Lauderdale Real Estate Auction | Fountains on Ocean Drive wrote: [...]a long time supporter of this condominium and if you’ve read my article about 2011 being the Last Year to buy a New Condominium in Fort Lauderdale, this marketing process is simply going to help move some additional inventory into the sold[...] Posted on Thursday, February 3rd, 2011 at 8:19am.
Fort Lauderdale Real Estate Prices wrote: [...]
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[...] Posted on Sunday, June 19th, 2011 at 10:29am.
Berkley South | Ft Lauderdale Condo | Great value near Ft Lauderdale Beach wrote: [...] Ft Lauderdale Beach Development
New Construction in Fort Lauderdale





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[...] Posted on Monday, July 18th, 2011 at 8:34am.
Ft Lauderdale | Coming Soon |New Homes in Fort Lauderdale wrote: [...]Estate Market.


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[...] Posted on Thursday, September 20th, 2012 at 4:13pm.

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