Interactive Ft Lauderdale Real Estate Website

Our website has recently been upgraded to include many new interactive features.  These upgrades aim to allow searching for homes & condos in Ft Lauderdale seamless.  You can search the entire MLS for homes & condos for sale in South Florida as well as check neighborhood & schools report and even find out how much your home is worth. Visit www.rlinfinity.com for more information.

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Condos & homes for Sale in Ft lauderdale

Ft Lauderdale - Flagler Village
The Related Group

The Related Group has started site work for their next project located on Federal Hwy, north of Broward Blvd between NE 5th St & NE 6th St.   This site is located in Flagler Village, which is a subdivision adjacent to Downtown Ft Lauderdale.  The development will be a 6 story, 390 rental building including 2 pools, gym, spa, cyber cafe and meeting room. The development will help connect Downtown Ft Lauderdale and Flagler Village, as the site has been vacant for several years.  The development is the 2nd announced by The Related Group after New River Yacht Club.

Median prices increase for single-family homes in Broward County

Broward County Home Sales

The median price of a home in Broward County has increased to $208,000, a 12% increase year over year.  The median price for a condo in Broward County also rose to $85,000, which represents a 14% increase from last years statistics.  Multiple offers are common in sought after subdivisions across the county.  A lack of inventory is one of the parameters that are positively affecting local real estate values.

Median prices for single-family homes in Broward County

2012  $208,000

2011  $185,900

2010  $196,000

 

Source: Greater Fort Laudedale Realtors

Real Estate Inventory shrinking in Fort Lauderdale

Fort Lauderdale Real Estate

According to statistics complied by our local MLS, inventory continues to decline in the Fort Lauderdale real estate market.  New single family listings are down 23% as of November 2012 compared to the same time last year. In the condo-townhouse market in Fort Lauderdale, new listings are down 25% compared with the same time last year.

The lack of inventory in Fort Lauderdale is creating a sellers market....again.....as buyers are experiencing multiple offer situations in certain price ranges.  This could have a negative effect on certain buyer populations such as the first time home buyer.  First time home buyers can feel a sense of frustration, as they see their chance at home ownership slip by due to a multiple offer scenario. 

Ensuring that buyers are pre-qualified and educated about the real estate process including ensuring that offers are submitted expeditously are basic strategies to ascertain that you, the home buyer, have the winning bid.

RealtyTrac: Banks prefer short sales to foreclosures | House Keys blog

Some interesting statistics in this article related to short sale home sales vs foreclosures. Lenders obviously prefer the short sale route due to the shorter processing time, which usually results in a decreased financial risk for the lender.  Broward County still has a number of short sales being processed; 1,831 in the first quarter of 2012.  Foreclosures in Broward County are slightly lower at 1,476.

RealtyTrac: Banks prefer short sales to foreclosures | House Keys blog

Top 10 markets for rising 'Zestimates' | Inman News (Fort Lauderdale # 5)

Fort Lauderdale Homes

Top 10 markets for rising 'Zestimates' | Inman News

Location: Miami-Fort Lauderdale, Fla.

Quarter-over-quarter home value change (%)	2.7%
Year-over-year home value change (%)	1.1%
Zillow Home Value Index	$141,300