Fort Lauderdale Waterfront Homes By the Numbers

Posted by Eric Miller on Sunday, April 24th, 2011 at 1:29pm.

Fort Lauderdale Waterfront Homes through the end of March 2011 have seen some pretty impressive numbers, howvever it is the opinion of most that we are not out of the words as of yet. That is of course depends on how you describe the woods. For some the woods is a return to double digit price increases each year if these are your woods, then for sure we are not out of the woods. For others the woods are a more balanced market, where prices outpace inflation and neither the buyer or seller have a huge advantage when negotiating the sale of Fort Lauderdale Real Estate, if these are your woods, then we think we are out of the woods when it come to Fort Laudedale Waterfront Homes.

Fort Lauderdale Waterfront Homes for sale dropped to 1804 Ft. Lauderdale Homes for Sale, a 2.3% drop from a year ago. Keep in mind this includes all Broward County waterfront homes, from deep water to lake front. More importantly the number of Fort Lauderdale Waterfront Homes sold was up 9.0% from a year ago and the number of pending sales are up 9.6% from a year ago when it come to Fort Lauderdale Waterfront Homes.

Ft Lauderdale Waterfront Homes saw the average price sold per square foot rise for the third straight month. The rise for the last moneth was 15.4% but if you look at the annual trend it is fairly flat with home sellings for an average of just under $200 per square foot in this sampling of Ft Lauderdale Waterfront Homes.

Ft. Lauderdale Waterfront Homes are still taking longer to sell, with the average time on market being 112 days. This is an 18 % increase over the time on market just a year ago, and may simply be a product of sellers feeling that the market is starting to shift and therefore they are standing their ground on low offers when it come to Ft. Lauderdale Waterfront Homes.

Ft. Lauderdale Waterfront Homes for Sale have started to see their asking price drop, with asking prices dropping almost 10% since last year. But at the same time sales prices have only dropped 3.9%. As this trend continues what will start to develope will be a more balance realestate market in Ft. Lauderdale Waterfront Homes for Sale.

Last but not least, the months supply of Fort Lauderdale Waterfront homes on the market has dropped over 10% since last year. So if you have been putting off buying a Ft. Lauderdale Waterfront Home now be a great time to start the search by contacting your Fort Lauderdale Waterfront Realtor.  

 

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.

2 Responses to "Fort Lauderdale Waterfront Homes By the Numbers"

Fort Lauderdale Real Estate Prices wrote: [...] Ft Lauderdale Condos
Fort Lauderdale Waterfront Homes by the Numbers





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[...] Posted on Sunday, June 19th, 2011 at 10:29am.
Ft Lauderdale Waterfront Home Sold by Eric Miller and Associates wrote: [...]Estate Market.


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