Fort Lauderdale Real Estate Market Conditions & Reports, Fort Lauderdale Market Trends, Florida

Market Commentary Provided by Kim Winters

Report Date

Fall 2009

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Kim Winters
RE/MAX Partners
Fort Lauderdale, Florida
866-537-0560
kim@kimwinters.com
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Nearest Metro Area

Miami, FL

Buyers’ or Sellers’ Market

Active seller's market

Average Time on Market

0-30 days

Market Trend

No change

Housing Inventory

Limited supply

Average Home Price

$280-$340,000 - View Graph Trend

Best Selling Price Range

Worst Selling Price Range

Compared to Last Year

Up 10-15% or more

Prices As % of Asking Price

95-100%

Multiple Offers?

Yes

Greatest Activity

Move-up and relocating buyers. Single-family homes; condos and townhomes

Buyer Activity for the past 90 days in Fort Lauderdale is

Seller Activity for the past 90 days in Fort Lauderdale is

Is Financing Available For Qualified Buyers in Fort Lauderdale?

Existing Home Prices for the past 90 days are

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?

Housing Hot Spots

Anything on waterfront; townhomes in Victoria Park

Reason to Buy/Sell

Single-family homes sell quickly. Condos and townhomes hard to find. Builders taking reservations for pre-built condos.

Average Sold Price

$280-$340,000 - View Graph Trend

National Real Estate Market

Local Summary: Extremely active market for everything, from single-family homes and condos to waterfront properties. Investors buying at pre-construction prices. First-time buyers being priced out of $200,000 and under market.

National Summary: National Housing Market Recovery Near?

Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit

Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there.

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