Fort Lauderdale Home Sales & Pricing Band Analysis for 2015. Fort Lauderdale Home Sales were brisk last year, and as all positive South Florida news points to Fort Lauderdale, we continue these trends into 2016. The 2015 residential market showed another record-setting year with the highest waterfront home sale at $27.5M. As of 2016, a Fort Lauderdale condominium set a new record of $8.9M for the penthouse at Auberge.
As of today, in the premier areas of Ft. Lauderdale, with search parameters covering everything East of US-1, there are 462 homes available for sale. Within these desirable areas, 486 homes were sold (stats below) last year.
- Median Sale Price $877,000
- Median Sale Price$/PSF $361
- Median Days On Market 78
- List to Sale Price Ratio 94% (6% Buyer Discount)
In summary, the sweet spot might be under $750,000 as a predominance of homes falls within this band. However, to find a ‘quality home‘ under $500,000 East of US-1 is challenging, if not impossible. Buyers in this lower bracket typically acquire as an investment property with the intent to rehab and either rent or flip. It is easy to see that most homes sell from $750,000 to $2.5M in the most desirable areas of Fort Lauderdale.
Check back often for new local updates on the Fort Lauderdale waterfront residential market, and thank you for reading!
Your Fort Lauderdale Home
Pricing your home correctly is essential to selling timely and for the highest amount possible. Call today, and I’ll analyze the pricing bands and local neighborhood trends to see where your home will fit “in the market” rather than “on the market.” I’m a seasoned Southeast Florida real estate broker-associate with the leading firm, ONE Sotheby’s International Realty.
Contact Ashton for suggestions and new residential opportunities along Fort Lauderdale (East of US1). I’ve represented homeowners and buyers in other coastal locations, including Hollywood, Hallandale, Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Surfside, and South Beach. I also cover the most desirable South Florida island areas, including Fisher Island, Key Biscayne, North Bay Village, and Bay Harbour Islands. Let’s Talk, toll-free at #888.38.DREAM for further details.
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