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Broward Luxury Real Estate Market Report- November, 2008

By
Real Estate Agent with Coldwell Banker Realty

November, 2008 Broward Luxury Real Estate Market Report

Ft. Lauderdale is known as the "Venice of America" as well as the Mega Yacht Capital of North America. We are a City of Islands held together by Rivers, 300 Miles of Canals, bays and waterways hundreds of miles long. Many Fort Lauderdale residents and visitors enjoy boating in their speedboats, enjoying a fishing charter, spending a day at the Beach, or cruising the coastline by Yacht. 

So, you're planning to buy a Ft. Lauderdale Luxury Home, sell a Ft. Lauderdale Luxury Home, sell a Ft. Lauderdale Waterfront Home, or you're just interested in checking out the Ft. Lauderdale Luxury Real Estate Market and Broward Luxury Real Estate Market.

Following is the monthly Broward Luxury Real Estate Market Report.  

Of course, we know that price alone doesn't truly define "Luxury", but for my monthly  Broward County Luxury Real Estate Market , I review homes that sold at final purchase prices of $1,000,000 and above.

During the month of November, in Broward County, 13 Single Family Homes sold at final sales prices of $1,000,000 and above. They sold at final purchase prices (NOT LISTING PRICES) between $1,100,000 and $3,950,000.  Click here to view their pictures and details (if you are reading this report and the MLS generated link has expired, please e-mail me and I will send you a new link). 

Of the 13 homes sold, 5 are Homes with Ocean Access.  The Subdivision with the most sales was Windmill Reserve in Weston with 3 Sales that had final purchases prices between $1,600,000 and $3,950,000.

The Homes sold are located in Ft. Lauderdale, Hollywood, Lighthouse Point, Plantation, and Weston.

The 13 homes sold are located in the Subdivisions of Windmill Reserve, Riviera, Rio Vista, Plantation Acres, Nurmi Isles, Lighthouse Point, Harbor Islands, Hlls, Coral Ridge, Coral Key Villas, and Bonaventure.

Click to search Ft. Lauderdale Luxury Homes for Sale and Ft. Lauderdale Waterfront Homes for Sale.

Recent Luxury Home Sales in Broward have decreased and there are fewer Luxury Home Sales than there were this time last year. View the Table below to compare Broward Luxury Home stats in recent months.

Total # of Homes Sold

Highest Sale Price

Lowest Sale Price

Average Sale Price

November, 2008 13 $3,950,000 $1,100,000 $1,838,269
October, 2008 20 $4,500,000 $1,010,000 $2,068,600
September, 2008 24 $9,000,000 $1,025,000 $2,760,084
August, 2008 33 $4,000,000 $1,000,000 $1,710,615
July, 2008 29 $2,710,000 $1,250,000 $1,443,399
June, 2008 37 $2,900,000 $1,010,000 $1,563,459

May, 2008

30

$15,500,000

$1,000,000

$2,111,717

April, 2008

28

$13,500,000

$1,025,000

$2,109,807

March, 2008

36

$6,450,000

$1,000,000

$1,982,743

February, 2008

26

$4,000,000

$1,000,000

$1,669,928

January, 2008

27

$9,900,000

$1,000,000

$2,169,352

December, 2007

24

$2,800,000

$1,050,000

$1,437,588

November, 2007

33

$4,750,000

$1,015,000

$1,912,924

October, 2007

40

$7,500,000

$1,000,000

$1,792,713


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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 Homes for Sale

Contact me if you're interested in South Florida Real EstateFt. Lauderdale Real Estate for Sale, Las Olas Condos for sale, Ft. Lauderdale Beach Homes for Sale, Ft. Lauderdale Waterfront Condos for Sale, Homes for Sale near Ft. Lauderdale Beach, Broward Luxury Homes for sale, Ft. Lauderdale Luxury Condos, Broward Waterfront Homes for sale, Ft. Lauderdale Luxury Homes for Sale, Ft. Lauderdale Luxury Real Estate for SaleFt. Lauderdale Docks for Sale, Ft. Lauderdale Docks for Lease or Rent, Ft. Lauderdale Oceanfront CondosFt. Lauderdale Waterfront Homes for Sale, or Ft. Lauderdale Waterfront Foreclosures

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Listings of Interest:

Palm Beach Waterfront Condo for Sale with a Dock
San Juan del Sur Oceanfront Home for Sale
Las Olas River House Condo for Sale
Rio Vista Home for Sale
Ft. Lauderdale Waterfront Coop for Sale with a Dock
Palm Beach Waterfront Condo for Rent (Seasonal/Vacation Rental)
Tamarac Townhouse for Sale