Ft Lauderdale Condos - A Perfect Storm Creates Some Deals

Posted by Eric Miller on Saturday, January 22nd, 2011 at 9:54am.

Ft Lauderdale Condos are not all created equal, and no two fit the same buyer perfectly. Howvever, if price is high on your list and price also means value, I want to bring your attention to something that has happened at The Tides at Bridgeside Square Condominium over the last few weeks.

For the owners of Tides Fort Lauderale Condos I can assure you there is good news within this story. The Tides Fort Lauderdale is well managed, newer building just across from Shooters, and the new Chart House on the intracoastal. You can read all about the building on our web page at The Tides Condominium Fort Lauderdale. The Tides has a solid reserve funde, very few deliquent condominiums compare to many properties, and offers a great lcoation.

Over the last few weeks, four Fort Lauderdale Foreclosed units have come on the market, all an once. Don't get too excited two have already sold. Priced from $222,000 - $249,000 they caused an immediate price drop of 10% from the last two bedroom sale in the building. I am not going to discuss who is to blame for declining real estate prices, but 4 foreclosed units all at once is an ususal event that caused what I simply see as an over correction. My guess from looking at current lien records is there will not be another foreclosed unit for a long time. In additin I would expect that very shortly after these sales you will see some equity sales move prices in the opposite direction.

A few weeks ago a premium unit at the Tides Fort Lauderdale sold for $274 per sqaure foot, and today you can buy a foreclsoed two bedroom for about $200 a square foot. Simply if you are know the Tides, or know Fort Lauderale and want to grab a bargain, grap them before their gone.

I did say there was some good news for owners at The Tides at Bridgeside Square, and that is in the next few weeks there will 4 less distressed properties at The Tides, and simply this is the road to real estate recovery.  At Eric Miller and Associates we make it easy fro you to view the The Tides Ft. Lauderdale and all Fort Lauderdale Condominiums.




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.

1 Response to "Ft Lauderdale Condos - A Perfect Storm Creates Some Deals"

Kris wrote: Excellent write-up. I absolutely love this site. Keep writing! Posted on Friday, May 3rd, 2013 at 9:54pm.

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