The Latest News About The Fort Lauderdale Real Estate Market Couldn’t Be Better!
If you read the Sun-Sentinel yesterday you saw the latest information about the state of the housing market across the Nation and here in the Fort Lauderdale real estate market.
The latest numbers released regarding housing prices in the Fort Lauderdale real estate market is great news for prospective home buyers and investors.
On-the-fence buyers are starting to react as properties become more affordable. The median price of an existing home in Broward last month dropped 18 percent, to $298,100 from $363,800 last year. The county’s median hasn’t been below $300,000 since October 2004.
“People are saying, ‘I know the market stinks …but if I can buy a home for the same price I would have paid a few years ago, it’s worth it,’” said Mike Larson, a housing analyst with Weiss Research in Jupiter.
If you did not have a chance to see the article, let me be the first to give you the great news. Prices are down nearly 20% over the same time as last year! That’s just about the best news a buyer in the Fort Lauderdale real estate area wants to hear. It has to hurt if you are a seller but heck, you should not be a seller in this market if you don’t HAVE to be.
The National Association Of Realtors and their lame advertising campaign about it being a good time to buy a house is finally starting to make a little sense. I guess all $40 Million they spent won’t be lost.
But right now and for the next 3-6 months it may be a great time to buy a Fort Lauderdale real estate home or condo. Prices are down nearly 20% and there are deals on the market where you can purchase a home to live in or an investment property at 25% to as much as 50% below what is considered current market value.
“It’s shark time right now,”. “Everybody’s swimming, looking for deals”
Imagine buying a home or condo in the Fort Lauderdale real estate market at a steep discount. For you investors out there some of these properties will actually cash flow for you.
Please understand, these discounts don’t just apply to your average home. The luxury home market is showing great pricing as well.
This isn’t great news for sellers but if you have been thinking about buying a home or investment property in the Fort Lauderdale real estate market, I can send you information on some homes that will simply astound you.
We’re seeing prices rolled back to prices we saw in 1999 and 2000.
I am not going to sugar coat anything. This is indeed a tough market right now, but many buyers are finding that if they have the right information at their disposal, and if they have the right real estate agent guiding them and if that real estate agent has the right team in place to perform the due diligence required to find the right property, then now is indeed a great time to buy.
Take a look at what the Fort Lauderdale real estate market has to offer. At your convenience, in the privacy and comfort of your own home or office, with no pushy sales people, you can click on the search bar above or below and see if there is a home or condo in the Fort Lauderdale real estate market that you might be interested in.
If you see something that intrigues you simply send me an email or give me a call. It would be my pleasure to help you find a Fort Lauderdale real estate home or condo at a steep discounted price.
There’s a firesale going on right now. Take advantage of it!
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