Fort Lauderdale Real Estate

More changes in Fort Lauderdale Real Estate as ReMax Partners announces it will be "ceasing operations".

After over 20 years in business owner, Ray Glynn, sent a letter to his agents on Tueday informing them of plans to close the company. Ray Glynn, sited difficult financial times since hurricane wilma, and said that the company had sought many alternatives which had now been exhausted.

For years ReMax Partners has been called the "largest ReMax franchise in South Florida" and for many in the Fort Lauderdale Real Estate community this is truely a sad event. The company has offices in Fort Lauderdale, Coral Springs and Plantaiton but has been part of the real estate community throughout Broward County.

Over 150 independant…

Fort Lauderdale Real Estate - Best Buy

Villas of Coral Heights - Oakland Park Real Estate

Just 68 Townhomes operated as a Home Owners Association just off Federal Highway and 36th street in Oakland Park,

Just North of Fort Lauderdale and minutes to the beach.

From the overall quality of the contruction to the uniqueness of finding 68 townhomes, of newer construction in an east side location. Villas of Coral Heights is a find in the Fort Lauderdale Real Estate market. The size of the development gives it many advantages over other townhomes in the area. The community has a master insurance policy for flood and hurricane insurance, has a beautiful pool area, the streets are wider, beautifully maintained and yet the monthly fees are only $350 per…

Fort Lauderdale Real Estate - Oakland Park Townhome

Villas of Coral Heights - Ft. Laudedale Townhomes 

Not a short sale, Not a foreclosure, simply a well maintained beautiful unit upgraded throughout. Three bedrooms, 3 and 1/2 Baths, wood floors in living room, granite tops throughout. Large spacious rooms in a community of 68 townhomes with a great pool and club area. Right next door to LA Fitness, and tons of restaurants. The owner is prepared to take a loss to make this sale happen. This unit sold for $445,000 in 2005. Best part of the complex, unit has rear views of a single family home neighborhood. This unit will be available for showings starting next week. Priced at less than $150 per square foot, plus a two car gargage, this is a great deal.…

On 7/20/2010 the closing of 2898 NE 25th Court, Fort Lauderdale, Fl 33305 was reported for over $4,000,000. This spectacular home was just completed and is has over 6750 sq. feet of living space. The home is 5 bedrooms and 5 baths with two half baths. Even in today's Fort Lauderdale Real Estate market this sale is proof that quality real estate always sells. The point lot represents 169 feet of prime Fort Lauderale Waterfront. It is a southeast point in Coral Ridge, one of Fort Lauderdale's finest waterfront neighborhoods. The home is surrounded by views of the intracoastal, and features high ceilings throughout. A beautiful waterfront pool and spa are surrounded by tropical landscaping. This house also features a full house generator. At just over $600 a…

Short Sales are working for Many Sellers !

The numbers prove it, in Ft. Lauderale Real Estate, Short Sales are working !

During the last six months there were 14,150 real estate transactions of single family home, condos and townhomes in Broward County. Of these Fort Lauderdale Real Estate area transactions 4700 (33.2%) were REO transactions. REO tranactions (Real Estate Owned) mean these are actual foreclosed properties owned by the lending institution. Short Sales represented 2745 transactions or 19.4% of the Fort Lauderdale Area Real Estate market. An important number to note, as most of our conversations tend to ignore this, it that 47.4% of the market were simply good old fashion equity transactions.

In the last month these numbers shifted, and it…

Over the last six months the foreclosure rate in Broward County has dropped by 10% according to this cover story of in the Sun Sentinel on Sunday, July 18th 2010. Even more informative about the foreclosure situation in the Fort Lauderdale Real Estate market is a map they published on the front page showing all the zip codes in Broward County and how many foreclosure's can be found in each of the areas. The map was provided by Realty Trac.

Each one of the coastal areas from South of Fort Lauderdale Airport, North to Oakland Park were included in the lowest category they mentioned which was "less than 500".  The category included 6 zip codes which included most of the Fort Lauderdale area coast. The zip code which is just North 33308, was listed in the…

Ft. Lauderdale Statistics are Looking Good  

If you are thinking of looking for Homes for Sale in Ft. Lauderdale you may want to speak to a local expert with local numbers. 

Yesterday people who follow national real estate trends heard a number that housing starts had dropped 10% last month and reacted with gloom and doom.  I know that the housing starts number is a reflection of employment in the construction industry and we need employment to start growing. However, wouldn't it also make sense that for exsisting housing inventories  to shrink, housing resales to pick up, and prices to stablize, starts would have to drop. In the Fort Lauderdale Real Estate Market the housing starts number has never been a measure of the health of our market. With…

Over the last few weeks we have watched an amazing thing happen in South Florida as more and more buyers are flocking to the area to buy the property they always wanted at a price they can now afford. Unfortunately many of them are still armed with media hype and few facts so often we see offer after offer is being rejected. Many leave with the attitude they will just wait, but many more are saying we are close enough to the bottom and I'm going to buy the property I want before it is gone. Over the last 30 days 38 condos in the beach area have gone into pending sale status. They range from a low floor 2 Bedroom at The Berkley South ( Asking price 169,000 ) to a penthouse unit at L'Hermitage (Asking price $3,000,000). Even more important is that of the…

Talk all over the media about real estate at the bottom, as if a line has been drawn in the sand and all areas of our country are the same. I find this amazing. If they were all capable of making perfect timing decisions they all would have bought Microsoft stock 30 years ago, and been long retired, very wealthy. Lets just all accept that marking the bottom of this market is impossible, but properties are being sold for less than would cost to build, simply this is a trend that can't, and won't continue. The best inventory has been selling away for months, the crap is sitting, and sooner or later the best properties at these amazing prices, will simply be gone. If your thinking of buying let me be the first to say welcome to Fort Lauderdale, and with good…

Here we go again, a new real estate cycle visable on every corner that will lead us to the next cycle. Who said the next cycle of dropping real estate prices had to be rising real estate prices. All over Fort Lauderdale rental housing is being built, weve been down this road  before. When sales fall off, people start renting, rents go up, and builders build new rentals, when sales start to rise they convert them to condos and sell out, and we get to start all over. How long the cycle lasts is never perfectly clear unless you're watching the news, as they all seem to have the answer. But one fact is clear major real estate developers still believe in the Fort Lauderdale area, they are building rentals all over town, to service the people still moving here…