So, you're planning to buy a Ft. Lauderdale Luxury Home, sell a Ft. Lauderdale Luxury Home, or you're just interested in checking out the Ft. Lauderdale Luxury Real Estate Market.
Well, here's a snapshot of Fort Lauderdale Luxury Real Estate. Of course, we know that price alone doesn't truly define "Luxury", but we'll take a look at the $1,000,000+ Broward County Luxury Real Estate Market. During the month of March, in Broward County, 36 Single Family Homes sold at final sales prices of $1,000,000 and above. They sold at final sales prices (NOT LISTING PRICES) between $1,000,000 and $6,450,000.
Of the 36 homes sold, 20 are Homes with Ocean Access. Click to view pictures of and details about the 36 Luxury Homes sold in Broward County.
These homes are located in Ft. Lauderdale, Davie, Deerfield Beach, Hallandale, Hollywood, Lighthouse Point, Plantation, and Weston.
The 36 homes sold are located in the subdivisions of Harbour Islands, Birch Park, Coral Key Villas, Coral Ridge Galt, Golden Isles, Harbour Beach, Hawks Landings, Hillsboro Isles, Hollywood Lakes, Lake Estates, Lighthouse Point 4th, Long Lake Ranches, Miele-Simonson Estates, Navarro Isle, Nurmi Isles, Plantation Acres, Stonebrook Estates, The Cove, The Landings, Venetian Isles, Weston Hills, Windmill Ranch Estates, and Windmill Reserve.
For this report, I decided to also compare Broward County Luxury Real Estate Sales (for Single Family Homes) from the past 6 months. If you've read my Blog since last year, then you've already read the past Broward County Luxury Real Estate Market Reports, but I thought it would great to see the 6-month stats in one place. See the following Table for details. | Total # of Homes Sold | Highest Sale Price | Lowest Sale Price | Average Sale Price | Their Pictures and Details | March, 2008 | 36 | $6,450,000 | $1,000,000 | $1,982,743 | View them here | February, 2008 | 26 | $4,000,000 | $1,000,000 | $1,669,928 | View them here | January, 2008 | 27 | $9,900,000 | $1,000,000 | $2,169,352 | View them here | December, 2007 | 24 | $2,800,000 | $1,050,000 | $1,437,588 | View them here | November, 2007 | 33 | $4,750,000 | $1,015,000 | $1,912,924 | View them here | October, 2007 | 40 | $7,500,000 | $1,000,000 | $1,792,713 | View them here |
For the total homes sold for $1,000,000+ from October 1, 2007 - March 31, 2008, the average List Price (this means the List Price at the time of the Sale, which is usually NOT the same as the ORIGINAL List Price) to Sale Price Percentage was 86%.
Inventory Level: In Broward County, there are 1,525 homes for sale priced at $1,000,000 and above compared to15,818 homes priced under $1,000,000. Of the 1,525 homes, ONLY 492 are located in Ft. Lauderdale. Of those 492 Homes, 345 are listed as Waterfront, Ocean Access Homes, so the available supply of these homes listed for sale is VERY limited compared to the rest of the market.
Outside of Ft. Lauderdale, other Broward County Cities with Ocean Access homes include Pompano Beach, Deerfield Beach, Lighthouse Point, Hallandale Beach, Hillsboro Beach, Lauderdale by the Sea, and Hollywood.
During the month of March, in Broward County, 15 Townhouses and Condos sold at final sales prices between $1,050,000 and $2,500,000. Click to view the 15 Luxury Condos and Townhouses sold in Broward County.
Except for 2 Buildings, they are all either Oceanfront or Intracoastal Front Buildings. These 15 Condos are located in Ft. Lauderdale, Hallandale, Hillsboro Beach, Hollywood, and Lauderdale by the Sea in the following buildings: Aquazul, Beach Club, Colee Hammock, Diplomat Residences, Europa by the Sea, Harbourage Place, Las Olas Beach Club, Las Olas Grande, The Palms, Villas of Positano, and Ocean Grande. Related Posts of Interest
Broward County Luxury Real Estate Year in Review- 2007 Nurmi Isles Homes for Sale Ft. Lauderdale Luxury Real Estate Auction Results
Golden Isles Homes for Sale- Golden Isles Home Auction
Please contact me if you would like additional details about Broward County Luxury Real Estate stats or if you're interested in buying or selling a Ft. Lauderdale Luxury Home. *I gather my Market Stats information by researching sales conducted by Brokers as recorded in the S.E. Florida MLS* -------------- Vickie Arcuri, Realtor®
EWM Realtors
1700 E. Las Olas Blvd., Suite 103
Ft. Lauderdale, FL 33301
Cell: (954) 708-9309
vickie@vickierealestate.com
Fort Lauderdale Real Estate for Sale Contact me if you're interested in buying or selling Ft. Lauderdale Real Estate for Sale, Broward County Real Estate for sale, Ft. Lauderdale Beach Homes for Sale, Homes for Sale near Ft. Lauderdale Beach, Broward County Luxury Homes for sale, Broward County Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate for Sale, or Ft. Lauderdale Waterfront Homes for Sale. I am available to assist you or someone you know with: - Home Purchases and Home Sales
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2 Comments on Broward County Luxury Real Estate Market Report - March, 2008
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Hi Vicky...I believe to be successful in this business you have to know your market. You seem to know your markets pretty well, every post is filled with useful information.