fort lauderdale: Broward County Real Estate Market Update
- 07/16/12 04:33 AM
Amanda Wilson, PA--Real Estate Advisor EWM Realtors--An Affiliate of Berkshire Hathaway 1700 E. Las Olas Blvd., Fort Lauderdale, FL 33301 Mobile: 954.790.0377 Email: Wilson.A@EWM.com www.amandajwilson.com Join my Facebook page: www.Facebook.com/AWRealtor "Charting Your Course" … (3 comments)
fort lauderdale: South Florida Market Update--Flashes of Good News!
- 06/15/12 05:50 AM
Home equity in the first quarter rose to $6.7 trillion, the highest level since 2008, as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The 7.3 percent gain was the biggest jump in more than 60 years, according to an analysis by Bloomberg of Federal Reserve data. As of April 2012, 1.5 million homes are in shadow inventory, which is a 14.8 percent decrease from last year in April when the number of homes hiding in the shadows was 1.8 million, CoreLogic reported Thursday. The current level … (1 comments)
· The median sales price of both condominiums and single-family homes in Broward County rose 7% in January compared to the same period in 2011, according to data from the Miami Association of Realtors. Single-family home sales in the county jumped 15%. · States like Florida, which was battered by the housing bust and foreclosure crisis, noted significant drops in for-sale inventory levels. Three Florida metropolitan areas — Fort Lauderdale, Orlando and Tampa-St. Petersburg-Clearwater — saw for-sale inventory levels drop more than 42% in January. (HousingWire) · … (0 comments)
fort lauderdale: The Residences at il Lugano in Fort Lauderdale, FL
- 02/22/12 06:17 AM
The Residences at il Lugano in Fort Lauderdale offers resort hotel lifestyle within the comfort of your own home. The condo units are nothing short of magnificent and offer spacious floor plans enhanced by designer touches and European accents.
There are only 23 exclusive il Lugano units offered in a luxurious 3 bedroom residence enjoying all the amenities of living on top of a world-class resort, and the complete privacy of "resident only" elevators and garage parking.
Features include:
3 Bedroom Residences from 2,500 to over 7,500 sq ft. Ocean and Intracoastal views Dramatic High Ceilings … (0 comments)
Realtors at EWM in South Florida had the pleasure of attending a Breakthough 2012 session with Steve Harney. Steve is a nationally acclaimed speaker, trainer and coach, who was recognized in 2010 as one of the 100 most influential leaders in real estate (Inman News).
Steve’s mantra was “NOT IN MAIMI” (which area includes Broward, Miami-Dade and Palm Beach countries). Will prices go down in many parts of the country? The answer is yes, but NOT IN MAIMI. With his many charts and graphs, Steve explained and … (0 comments)
fort lauderdale: Clear Capital Housing Report--Optimism
- 01/09/12 07:15 AM
To Today, Clear Capital (a leading provider of intelligent valuation solutions for the mortgage and lending industries) released its monthly Home Date Index Market Report, which contains a small degree of pure optimism. In 2012, Clear Capital is forecasting U.S. home prices to show continued stabilization with a slight gain of 0.2 percent across all markets. That would put national home prices near levels not seen since 2001. If this prediction rings true, it would be the first time since 2006 that prices have landed in a positive direction.
Counting Broward and Miami Dade counties as one metro … (0 comments)
1. Buyers Will Return—In 2011, a lack of consumer confidence in the economy dramatically impacted the housing market. Many buyers were fearful to purchase any big ticket item. As 2011 came to an end, consumer confidence began to return and sales increased. Economic conditions and consumer sentiment will continue to improve during this election year.
2. Foreclosures Will Increase—The ‘shadow inventory’ of foreclosures will finally hit the market. Distressed properties sell at discounted prices. But, remember, big bargains require a lot of work and many buyers are not willing to invest the time … (0 comments)
Home prices continue to bounce along the bottom, while 13,780 homes sell each day!
In a recent article in South Florida’s Sun-Sentinel, (authored by Paul Owers), Brad Hunter of Metrostudy recommends we pay attention to this number: $165,100. Broward’s median price hasn’t dropped lower than $165,100 in any month in 2011—a possible sign of a market bottom.
However, JP Morgan expects a continuing price decline--
Homes prices in the U.S. have dropped by nearly one-third in five years. However, the mantra … (0 comments)
fort lauderdale: Inspirational Tuesday---
- 02/15/11 07:45 AM
We are all inventors, each sailing out on a voyage of discovery, guided each by a private chart, of which there is no duplicate. The world is all gates, all opportunities---Ralph Waldo Emerson We are what we repeatedly do. Excellence, therefore, is not an act but a habit--Aristotle
Success is the sum of small efforts, repeated day in and day out.Robert Collier
… (1 comments)
fort lauderdale: NEIGHBORHOOD OF THE WEEK--SEVEN ISLES IN FORT LAUDERDALE, FL
- 09/02/10 07:43 AM
Seven Isles is a wonderful neighborhood and superbly located just north of Las Olas Boulevard. HISTORY OF SEVEN ISLES-- W.F. Morang arrived in Fort Lauderdale from Boston in the early 1920's and participated with other developers in the land boom era of 1923 to 1926. His company, W.F. Morang & Sons, Inc., helped develop a dredge some of the finger islands around the city including the 80 acres currently called the Seven Isles. Within these 80 acres, his first projects included Rio Vista Isles where he dredged canals and built roads and bridges before dredging the area north of Las Olas Boulevard … (0 comments)
fort lauderdale: Double-Dip Anyone?
- 09/02/10 07:32 AM
Here's a short video for your viewing enjoyment. The question is: Will there be a double-dip? Your thoughts are appreciated! http://www.youtube.com/watch?v=uce228yYUZg&feature=player_embedded Let me know what you think? Your opinion counts! … (2 comments)
fort lauderdale: Galt Towers Penthouse on Fort Lauderdale Beach--New Listing
- 08/03/10 07:04 AM
STEP INSIDE THIS FURNISHED UPDATED PENTHOUSE CONDO TUCKED AWAY ON DESIRABLE GALT OCEAN DRIVE-WHERE THE BEACH IS YOUR BACKYARD! SERENE COLOR PALETTE & STUNNING FINISHES DESCRIBES THIS LARGE 2 BDRM/2 BATH PENTHOUSE. (LOW ELEC/UTILITY BILL, AS CONDO FEE INCLUDES A/C, HOT-WATER & CABLE TV.) UPDATED KITCHEN & WOODEN CABINETRY, TILED FLOORS THROUGHOUT & HURRICANE PROTECTED WITH IMPACT GLASS WINDOWS. EXPERIENCE THE OCEAN & ENJOY RESORT-STYLE LIVING AT AN AFFORDABLE PRICE, RIGHT ON THE BEACH OF FORT LAUDERDALE!
4250 Galt Ocean Drive, #PH-A Fort Lauderdale, FL 33308
More millionaires were created as a result of the great depression than at any time in the nation's history. And, again, there are many opportunities in this real estate market. All indicators point to a sluggish real estate market that will remain soft for some time to come-The Case-Shiller reports a bottoming out of the market may occur in May 2011. Moody's Economy.com predicts prices will hit bottom in Broward and Palm Beach counties in the third quarter of 2011. BUT, most of the declines will occur over the next six months. Meanwhile, we will wait … (0 comments)
fort lauderdale: MARKET UPDATE REPORT FOR SOUTH FLORIDA
- 02/15/10 04:09 AM
I believe that keeping current matters in this real estate market-- From time to time, I will pass on to you market information that will assist in keeping you informed. As a consumer, you will need to have a deeper understanding of the market--to know where it has been and where it will go. 1. Interest Rates for 2010--Because The Federal Reserve program to buy mortgages will end on March 2010, this infornation is sparking fears that mortgage rates could rise and knock the fragile housing recovery off course. However, most economists predict that interest rates may rise to … (0 comments)
fort lauderdale: It's a bit Chilly in Fort Lauderdale, FL--BUT NO SNOW
- 12/19/09 03:09 AM
As I watched CNN and the weather channel this morning, it gave me a true chill. Whew...I could not believe the snow and snow-to-yet-come in Washington, DC and Philadelphia! This is truly a big snow storm! As I left my condo this morning, it was a bit chilly--but the sun was shining and the skies were blue! And for a moment, I remembered my many blessing--especially the blessing of living in South Florida! THIS:
VS.
… (2 comments)
fort lauderdale: FORT LAUDERDALE, FLORIDA, MARKET UPDATE
- 11/04/09 02:15 AM
Below please see the actual numbers for real estate sold/pending in Fort Lauderdale, FL, for 7/08 through 9/09. The important information to note is the Sold properties have INCREASED 34.7% during this time period. In addition, pending sales have increased 95.7%--however, the question will be--do all pending sale close? The average price per square foot currently is $192.00. Finally, in all property on the market (condos and single-family homes) there is a 13.2 month supply. While a normal supply of properties is about 6-9 months, this number isn't bad--considering how much of an inventory we've had in the past. If anyone … (2 comments)
fort lauderdale: LIVE LIFE AT THE BEACH--GALT TOWERS UPDATED CONDO FOR SALE IN FORT LAUDERDALE!
- 11/03/09 01:12 AM
Step inside this enchanting oceanfront condo tucked away on desirable Galt Ocean Drive-where the beach is your backyard. Serene color palette & stunning finishes describe this large one bedroom condo unit. (LOW electric bill, as condo fee incl. AC, hot water & Cable TV.) Updated kitchen & cabinetry, Italian tile, new lighting fixtures & hurricane shutters--new hardwood floors! Experience soothing ocean views and enjoy resort-styled living at an affordable price-right on the beach of Fort Lauderdale! The condo fees are $448.00 per month and include Air conditioning costs, cable TV and hot water! The property is located on the beach in Fort … (2 comments)
Amanda Wilson, PA--Real Estate Advisor
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