What does the market look like right now in Fort Lauderdale, Florida? Homes prices have continued to gain momentum and many sellers are starting to put their homes on the market, now that they have liquid equity. This is great for home buyers. It is also important to remember that when there is a short supply of Homes for Sale on the market that many buyers will experience the following:
- You aren’t the only offer on the table.
- The seller is asking for your highest and best offer.
- The terms of your financing is used as a bargaining tool.
- Short Inspection Periods.
- Not budging on the price of the home.
- Limited credits for closing costs or small repairs.
The above may seem like common knowledge. It is important for you as a buyer to recognize the type of market you are in. We often counsel our buyers on the market and what to expect. This doesn’t mean that buying your next home, or first home, is going to be a stressful process. But, the days of low ball offers is just not there anymore.
As of February 1, 2015 the following statistics represent Fort Lauderdale Real Estate For Sale. (Single Family Homes)
1050 – Total Fort Lauderdale Homes for Sale
269 – Homes below 199K
109 – 200K-299K
75 – 300k-399k
59 – 400k-499k
42 – 500k-599K
49 – 600k-699k
37 – 700k-799k
30 – 800k-899k
15 – 900k-999k
341 – Over $1,000,000
Luxury Homes for Sale in Fort Lauderdale continues to be a very strong market. With many New Construction Waterfront Homes in Fort Lauderdale being built, the prices of luxury in this city has been steadily climbing since the new year. The demand for these premium homes holds strong, as both domestic and foreign buyers bid for their slice of this sunny paradise. Many buyers have also focused on Fort Lauderdale over Miami. Miami Homes for Sale have seen skyrocketing prices leading to a new infusion of buyers in the Broward County area.
If you are looking at homes for sale in the Fort Lauderdale or surrounding areas we would love to help you. We are experienced in both buying and selling homes for our clients. With over 15 years of combined experience we always have your best interest at heart.