Fort Lauderdale Waterfront Home Inventory Growing

Posted by Eric Miller on Monday, October 22nd, 2018 at 7:00pm.

Fort Lauderdale Boat Show Arrives to Ft Lauderdale's Waterfront

With the Fort Lauderdale Boat show about to sail into Fort Lauderdale on October 31st Fort Lauderdale Realtors know the season for buying property in the Fort Lauderdale Real Estate season is about to begin. Each year the Fort Lauderdale boat show also marks the opening of the Fort Lauderdale Real Estate season. The team at FortLauderdaleGroup.com has seen a huge increase in web traffic as season approaches. The Fort Lauderdale Boat show will open in the “Yachting Capital of the World” also known as the “Venice of America” for previews on October 31st and opens to the general public from November 1st thru the 4th. To Fort Lauderdale Real Estate agents the boat show often coincides with the highest inventory of the year, which has often grown throughout the summer months, into the heat of September. As we enter this season is a great time to look at the inventory of waterfront homes for sale in Fort Lauderdale. Review the last six months of sales of Fort Lauderdale Waterfront Homes, look at prices of Ft. Lauderdale Waterfront property, and review the last 6 months of waterfront homes for sale in Fort Lauderdale as prediction of where prices will be heading in 2019.

 

 

 Fort Lauderdale Waterfront Homes May See Pricing Pressure Ahead

As of October 2018, there are 418 Waterfront Homes for Sale in Broward County that are listed as “No Fixed Bridge Waterfront Homes”. Most of these Fort Lauderdale area waterfront homes are listed for over $1,000,000 but there are areas of Fort Lauderdale waterfront homes where property can be found starting at approximately Waterfront Homes 500-600. In the last 6 months there have been 214 sales of this type of Waterfront home. While sales prices are relatively flat, and quantity of sales is very consistent, what appears to be happening in a growing inventory of homes on the market that will result in sellers more receptive to negotiating with qualified buyers. Over the last six months the highest priced waterfront home sold for $7,000,000 while at the same time, certainly in different neighborhoods 12 homes sold for under $500,000. Whichever waterfront market is on your wish list the realtors at the Eric Miller Team at FortLauderdaleGroup.com are firm believers that you make money in real estate the day you buy it right. Our goal is always to help you understand the waterfront property you are about to make an offer on, and be confident in your purchase of a Fort Lauderdale Waterfront Home.

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.

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