So where are the best deals in town ?

Posted by Eric Miller on Wednesday, November 4th, 2009 at 1:52pm.

Simple - Lets lay out a few facts first. All of these are based on total generalizations, from numerous sources, from numbers I have seen varying all over the place. The real estate market in the Fort Lauderdale area has risen 50% in five years, it has dropped 20% in two years, so the way I see it there has been a nice five year return, actually way better than the stock market. The cost of creating good real estate ( building ) continues to rise. There is less building going on because property is selling for less than it can be built for. The profit motive of building is temporarily gone. Sooner or later inventory will tighten, prices will level off ( I think we are there) and then start to rise. Remember, even when the stock market is bad there are good stocks and bad stocks. Just like the good stocks create millionaires when the market is down so does good real estate. Would it surprise you to hear that there are properties in Fort Lauderdale that have not dropped at all in this the current slow down, now these are great properties.



So where are the best deals in town ?



1) Fort Lauderdale Waterfront Properties - the bigger the home for the boat the better, there is only so much waterfront in Fort Lauderdale and as a boating city it will always be in demand. The more water frontage the better.



2) Beach Area - East of the Intracoastal - Very close to the beach - There are only three new buildings going up in the entire beach area of Fort Lauderdale, visit the Fountains on Ocean Boulevard where we have the last two units from the developer available for sale. In addition many of the older buildings have spent a fortune upgrading since hurricane Wilma, as a buyer today you purchase these renovations for free. Complete access to FortLauderdaleMLS is a great place to start your Fort Lauderdale Real Estate search 



3) Downtown Fort Lauderdale - Las Olas - The night life of downtown, and less than 2 miles to the beach, in an area where there is no land to build, in a city that is growing. Sounds good to me, please remember these are some of the most luxurious buildings in town, and the monthly maintenance charges will reflect the level of services. One last note - DOWNTOWN FORT LAUDERDALE IS NOT MIAMI, we do not have the same glut, so if you are interested don't wait too long.



4) Last but not least - great solid neighborhoods - they are never the least expensive place to buy, but most likely you don't purchase the least expensive shoes in the store, or the least expensive stock on the market, great solid neighborhoods come back strong when the cycle changes. We are here and proud to show you the best South Florida has to offer.



So where are the buys, simple start with the most basic rule of real estate, location, location, location - and let Eric Miller and Associates guide you through this market.

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 "So where are the best deals in town ?"

Fort Lauderdale Rental Market is "Booming" wrote: [...]Estate Market.


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