Prices of Fort Lauderdale Homes and Condos Continue to Rise   

Fort Lauderdale Real Estate prices and the Broward County real estate market in general was recently qouted in an article in the Miami Herald as "still having legs". From 2013 to 2014 home prices in Broward County have shown a 5.7% increase. 

Sales of existing single family rose 5.4% in June; historically this is a quieter time of year for the South Florida real estate market. The condo market say a rise from last year in prices of 23.8%, please be aware that this number is skewed by the fact that the lowest price points of inventory are simply gone.  Condo sales are reported as up 10.1% over last June.

Fort Lauderdale Inventory Rising But Well Below Historic Levels

As prices rise,…

I'm sorry I haven't written in while, but contrary to what the media is saying, we are busy. Our business is ahead of last year and people are buying the bargains to be had in the Fort Lauderdale area. We are working harder than ever, and it is frustrating to see how a correction in the real estate market, has caused banks to stick their heads in the sand, run for cover, and ultimately create a run on real estate and their own banks. I am not smart enough to comment on if the bailout being discussed is the right thing to do, but I have enough common sense to know executives who failed to perform should be given a ticket to Florida instead of a paycheck. We have many bargains that I am sure they can afford. Sincerely I don't blame banks solely for this…