Las Olas Isles Homes for Sale Fort Lauderdale |
Welcome to our Blog focused on Real Estate news in the Ft Lauderdale market and surrounding area including Wilton Manors, Oakland Park, Pompano Beach and Fort Lauderdale Beach.
Tuesday, October 15, 2013
Fort Lauderdale Luxury Homes for Sale
7 single family homes have "changed hands" in the Las Olas area of Fort Lauderdale in the past 60 days. One in particular, 325 N Gordon Rd, sold for $2,775,000. The newly built contemporary home featured 5 bedrooms and 5 1/2 bathrooms & almost 6,000 sq. ft. of living area. The average sales price was $1,315,000 among the 7 homes and 3 of them were waterfront homes. As far as the availability of homes within the Las Olas area, there is currently an oversupply, suggesting a buyers market. With 88 homes on the market, this represents a 25 month supply. There are currently 60 homes for sale in the Las Olas area priced over $2,000,000 and 16 priced over $5,000,000.
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