Ft Lauderdale Real Estate Auction Proves Demand

Posted by Eric Miller on Thursday, March 10th, 2011 at 8:06am.

This past Saturday as we discussed in an earlier blog post the Fountains on Ocean Blvd. conducted a Ft Lauderdale real estate auction for the remaining unsold inventory. The auction drew a huge crowd of buyers to the Fort Lauderdale Hilton on a beautiful sunny day in Ft. Lauderdale, to buy their own piece of Fort Lauderdale Real Estate.

In an orderly fashion of aggressive bidding, the last remaining Ft Lauderdale condominium units at the Fountains on Ocean Boulevard were under contract and called for by lucky buyers who will get to call this boutique Fort Lauderdale Condo home.

At about 40% off of the original asking prices Ft Lauderdale Condo units sold from just under $300,000 into the mid $500,000 range. The demand was strong and the prices are a true indication of market value of Ft Lauderdale Condominiums.

Fort Lauderdale Condominiums near the beach are part of a Ft Lauderdale Real Estate market where location is everything and has not been plagued with an endless supply of foreclosures and short sales. The bargains are out there, but if you have been waiting to purchase a Fort Lauderdale Condo near Ft. Lauderdale Beach, now is the time to plan your shopping trip, as the good Fort Lauderdale Real Estate inventory is clearly being sold to the highest bidder.

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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