The Broward County Market Report (November 22 2006)

By
Real Estate Agent with RE/MAX Hometown

Broward County is a great place to live, work and play. We offer great weather year round with the lows about 57 and the highs in the low 90's. Located to the North of Miami Dade County the area is growing fast. Cities like Fort Lauderdale, Weston, Pompano Beach, Coral Springs, Pembroke Pines, Miramar, Hollywood and Hallandale to mention a few. Boardard on the East by the Atlantic Ocean and to the West by the EverGlades. It is one of the fastest growing Counties in Florida.

The single family market consisting of single family homes has currently 14,149 active properties on the market. Their have been 7,786 properties sell since the first of 2006. Currently their is 1,359 properties under contract waiting to close. Properties that have expired off the MLS since the first of the year is 7,157. 710 properties have been withdrawn from the market.

The other part of the single family home market consisting of condominiums, townhomes and villas. Currently their is 18,710 active properties on the market. Their have been 24,513 sales since the first of the year of 2006. Currently their is 454 properties under contract waiting to close. Their have been 5,736 properties that have expired off the market since the begining of this year. 67 properties have been withdrawn from the market.

These numbers are a big drop from last years numbers. The interest rates are still good and the prices have fallen up to 20% since a year ago. This is the time to buy that property you have been thinking about. If you are looking to relocate or for a second home please don't hesitate to contact us at http://www.PaveyGroup.com (888)992-1699 we are experts in the Broward county market for all your Real Estate needs. When thinking of Buying or Selling contact Bob Pavey of The Pavey Group with RE/MAX Hometown. 

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Rainer
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Jay McGillicuddy
Berkshire Hathaway HomeServices Verani Realty - Exeter, NH
Real Estate Broker

Hi Bob, I have seen a few of your posts and I was in your area back in the early 70's and I used to hang out in Fort Lauderdale. It was a really cool place for me at the ripe ole age of 19. I was a free spirit and I left NH back then in the dead of winter. It was 2 degrees here back then and a friend of mine and I were sitting in a bar and he said it's 2 degrees let's go to Fla. We upped and took off for Fla.

Thanks Jay 

Nov 26, 2006 12:02 PM #1
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Rainer
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Bob Pavey

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