Palm Aire Market Analysis

Posted by Eric Miller on Tuesday, May 15th, 2018 at 12:31pm.

In the heart of Broward County there is a incredible combination of Condos, Townhouses and Single Family Home making up the community of Palm Aire. Palm Aire properties features views of two golf courses, lakes and spectacular landscaping which makes this Keller Williams agent who lives in Palm Aire, proud to call Palm Aire home.

A recent market evaluation of Palm Aire shows that the market for Palm Aire properties is very strong. Currently there are approximately 250 Palm Aire Condos for Sale. Over the last six months the highest priced condominium sale of Palm Aire condos was a Palm Aire Villa on Cypress Lane that sold for $374,500. In addition, a Fairview Point townhome sold for $410,000. In Misty Oaks there were two villa sales for $387,000 and $400,000 as reported by the Fort Lauderdale MLS.  This year there were 242 sales in over the last 6 months. For the same period in 2017 there were 258 sales – according to Adriana Vasquez who is a Keller Williams agent living in Palm Aire this is not a significant differance. More significant is the months of supply which shows that inventory is growing, and this could create pressure on prices soon.

Market Evaluation of Palm Aire Condos

One of the most popular Palm Aire condos is the 1840 square foot Palm Aire King model. During the last six months there have been four reported sales of these units ranging in price from $220,000 to $317,500. Renovated units average approximately $170 per square foot, while unrenovated units were closer to $120 a square foot.  There were approximately 20 reported sales of the ever popular, 1710 square foot “F Model”, selling from $145,000 to a high of $260,000. With a median sales price of about $122 per square foot. Based on this Market Evaluation of Palm Aire, Palm Aire is a market of two different types of properties, renovated and original.

Thinking about putting your Palm Aire property on the market? Adriana Vazquez a long time Palm Aire property owner, and realtor at Eric Miller and Associates – Keller Williams Realty Professionals will be happy to meet with you to discuss the things that you might consider doing to achieve top dollar for your Palm Aire Condo of Home. You can reach Adriana at (954) 803-3572 or email her at Adriana@FTLRealEstate.com

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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