The Great Deals In The Fort Lauderdale Real Estate Market Aren’t Just Found By Buying Foreclosures!
May 14, 2008
Beyond buying foreclosures, bank owned properties and REO’s in the Fort Lauderdale real estate market, there are tremendous deals to be found throughout South Florida.
From South beach to West Palm Beach, the South Florida real estate area and specifically the Fort Lauderdale real estate market is busting at the seams with unbelievable opportunities.
We are truly in a Buyer’s market and if you are looking for a home or an investment property, you can find unbelievable deals at basically every price range. The Laws of Supply and Demand are influencing the Fort Lauderdale real estate market like never before. Everyone knows that when supply increases and inventory is at its highest, then prices drop sharply.
In some instances we are seeing properties being offered for sale at prices similar to those found in 2000 and 2001.
For instance, currently there are:
There are currently 17,316 Single Family Homes for Sale in the metropolitan Fort Lauderdale real estate market.
Of the 17,316 Single Family Homes currently listed for Sale in metropolitan Fort Lauderdale real estate market:
4,461 are priced under $250,000
8,294 are priced between $250,000 and $499,999
3,045 are priced between $500,000 and $999,999
1,516 are priced at $1,000,000 and above with the highest priced at $28,500,000, a Single Family Home for Sale in Rio Vista Isles with 11 Bedrooms, 12 Full Bathrooms, and 5 Half Bathrooms.
The Condominium market has even MORE inventory.
There are currently 22,793 Condos and Townhouses currently listed for Sale in metropolitan Fort Lauderdale real estate market.
6,500 are priced under $150,000
8,087 are priced between $150,000 and $249,999
5,765 are priced between $250,000 and $499,999
1,710 are priced between $500,000 and $999,999
825 are priced at $1,000,000 and above with the highest priced at $10,000,000. The $10,000,000 Unit is a Las Olas River House Condo for Sale featuring 3 Bedrooms, 4 Full Baths, and 2 Half baths in 8,300 square feet with beautiful waterfront views.
From waterfront luxury homes to cute bungalows for the starter home crowd, there are so many properties to choose from that it’s safe to safe that the Fort Lauderdale real estate market is on sale and no reasonable offer will be refused.
Buyers, name your price and terms. Many of the above-referenced homes are available at prices as much as 50% or more below current market value.
What are you waiting for?
Here some other posts you may find interesting...
Fort Lauderdale Real Estate
Fort Lauderdale Homes And Condos For Sale
If you are interested in learning more about buying a home or condo in Fort Lauderdale or anywhere in South Florida; or if you need any information about the Fort Lauderdale real estate market, please feel free to contact me and it would be my pleasure to assist you.You can contact me at the number shown below or please feel free to contact me by the form below and I, or one of my assistants, will be sure to get right back to you within a few hours, if not sooner.
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Robin Sing-Cunningham
robins@robinashley.com
Access USA Realty
Local Fort Lauderdale | South Florida : 954-709-7461
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Barry Johnson: bjohnson@robinashley.com