Ft Lauderdale Real Estate Review

Welcome to my blog. I have been writing articles for home buyers and home sellers in the Greater Fort Lauderdale area since about 2007. If you are thinking of buying or selling real estate you can find some helpful tips right here. If you would like to get them sent directly to your inbox just sign up below. 

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March 26, 2020

Market Update For Broward County Feb 2020

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Here is sales statistic for Broward County for the month of February 2020. The mood of the market has changed drastically since the end of February. The market was really gaining momentum heading into the peak selling months. 

Broward County market update Feb 2020Most notable are the mean sales price for both condos and single family homes were up over 10% over Feb 2019. Inventory of available condos was down 11% and available single family homes was down an astounding 20.9%.  We all know what has happened since the beginning of March. Right now it is anyone's guess what will happen to the south Florida real estate market. Sellers had a definite advantage but that will most likely shift in the coming months. People still need a place to live and plenty of people will still need to sell.  Many are taking a wait and see approach.

Despite all the turmoil 2272 residential properties went under contract in the first 25 days of March. Real estate offices are supposed to close, but business can be done remotely. That could change, however. Our RE/Max offices have installed some protocols to do business in the midst of Covid-19 pandemic.

Values will likely not move much in either direction for the next 30 to 90 days. Beyond that is tough to predict where the market will go. I am hoping for the best but also preparing for tougher times.

Related:

RE/Max Corona Virus Protocols

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

March 19, 2020

RE/Max Corona Virus Protocols

 

Save 25% on Commission Fees For a Limited Time

 

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Feb. 19, 2020

Fort Lauderdale's Newest Condo Buildings

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For buyers that are looking for a brand new or recently built condo minimum in the Fort Lauderdale area, here is a list of the most notable new construction options. They have either been completed after 2017, newly completed and some are under construction currently.

You will probably notice that they are almost all in the luxury or ultra luxury category. What is left of vacant land in the area has gotten very expensive especially on or near the water. Luxury condos are in demand and that is what developers are building. 

30 Thirty North Ocean

Fort Lauderdale

$1,000,000+

30 Thirty North Ocean Fort Lauderdale

321 at Waters Edge

Fort Lauderdale

$2,000,000

321 at Waters Edge

353 Sunset

Fort Lauderdale

$2,000,000+

353 at Waters Edge Fort Lauderdale

Adagio

Fort Lauderdale

$2,000,000+

Adagio Fort Lauderdale

Aquablu

Fort Lauderdale

$1,500,000+

Aquablu Fort Lauderdale

Aquamar Las Olas

Fort Lauderdale

$1,500,000+

Aquamar Fort Lauderdale

Aquavue

Fort Lauderdale

$1,000,000+

Aquavue Fort Lauderdale

Auberge Beach Residences

Fort Lauderdale

$3,000,000

Auberge Fort Lauderdale

Four Seasons

Fort Lauderdale

$3,000,000+

Four Seasons Fort Lauderdale

Gale Residences

Fort Lauderdale

$600,000+

Gale Residences Fort Lauderdale

Paramount Residences

Fort Lauderdale

$1,000,000+

Paramount Fort Lauderdale

Riva

Fort Lauderdale

$700,000+

Riva Fort Lauderdale

Sabbia Beach

Pompano Beach

$1,000,000+

Sabbia Beach Pompano Beach

The Wave on Bayshore

Fort Lauderdale

$1,000,000+

Villas by the Sea

Lauderdale by the Sea

$700,000+

 

Photo Coming Soon

 

 

 

 

Related:

Fort Lauderdale condos with docks

AirBnB Friendly Vacation Condos in Fort Lauderdale (coming soon)

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in
Feb. 18, 2020

See What Sold in Lauderdale by the Sea in January 2020

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lauderdale-by-the-sea real estateLauderdale-by-the-Sea real estate is a hot topic. Especially in the winter months when all the snowbirds are in town looking for a new home or to sell their vacation property. Lauderdale by the Sea is small community of less than 10,000 year around residents. There is typically between 150 to 200 homes for sale at any particular time. You can browse the latest listings here.

Today I am going to report to you what sold in Lauderdale by the Sea during January of 2020. There were 18 home sales in the first month of 2020. Six of those sales were single family homes. The most expensive home to sell was 4232 Tradewinds Ave, selling office Compass, in the Silver Shores neighborhood. It is a newly constructed five bedroom home on a 10,181 square foot lot. The selling price was $3,500,000. The least expensive single family home to sell in Lauderdale by the Sea was 1960 Topic Isle, selling office Century 21, in the Bel Air neighborhood

There were 12 condo sales in Lauderdale by the Sea in January 2020. They ranged in price from $125,000 to $700,000 for a 4 bedroom unit in Leisure Mar. There were three sales in Sea Ranch. There were also sales in Ocean Bay Club, Starlight Towers and Ocean Colony. If you would like to keep track of what is selling in Lauderdale by the Sea real estate follow this link for an up to date market report. Signing up will get you automatic updates too.

Related:

Just Sold in The Palm Club Lauderdale by the Sea

 

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

Posted in Market Report
Feb. 17, 2020

Pet Friendly Condos in Lauderdale by the Sea Updated for 2020

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Searching for a pet friendly condos in Lauderdale by the Sea can be difficult. So I compiled a list of all the the condominiums in Lauderdale by the Sea that allows pets. In general the older complexes built in the 1960s and 1970 do not allow pets and the more modern buildings do allow them. Click the links below to view current active listings. Some may restrict dogs to under 20lbs. Be sure to check the rules carefully if you have a larger pet or more than one. 

Aquazul

1600 S. Ocean Blvd

$1,000,000 +

Aquazul Lauderdale by the Sea

Corniche

1440 S. Ocean Blvd

$1,000,000 +

Corniche Lauderdale by the Sea

 

Cristelle

1700 S. Ocean Blvd

$1,000,000+

Cristelle Lauderdale by the Sea

Europa by the Sea

1460 S. Ocean Blvd

Europa by the Sea

Fountainhead

3900 N Ocean Blvd

$600,000 +

Fountainhead Lauderdale by the Sea

Hampton Beach Club

1800 S. Ocean Blvd

$400,000+

Hampton Beach Club, Lauderdale by the Sea

Lauderdale by the Sea

Poinciana St

$700,000

 

Photo Coming Soon

Ocean Bay Club 

5555 N Ocean Blvd

$700,000

Ocean Bay Club Lauderdale by the Sea

Ocean Place

1900 S Ocean Blvd

$200,000

Ocean Place Lauderdale by the Sea

Ocean Walk Villas

Ocean Walk Lane

$350,000+

Ocean Walk Villas Lauderdale by the Sea

 

Oriana by the Sea

El Mar Dr

$1,000,000+

Oriana Lauderdale by the Sea

Poinciana Place

Poinciana St

$500,000+/-

 

Photo Coming Soon

Sea Ranch Club

4900 to 5100 N Ocean Blvd

$400,000+

Sea Ranch Club

Silver Shores

Sea Grape Dr

$700,000+

 

Photo Coming Soon

Sky 230 

Shore Court

$1,000,000+

Sky 230 Lauderdale by the Sea

Village at Seagrape

Sea Grape Dr

$500,000+

Village at Seagrape Lauderdale by the Sea

 

Villas by the Sea

El Mar Dr

$1,000,000+

Villas by the Sea

 

 

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Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Home Buying
Feb. 10, 2020

Just Sold in the Palm Club, Lauderdale by the Sea

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Palm Club # 42On Feb 7, 2020 the buyers that I represented in the sale of 1431 S Ocean Blvd, Unit 42 closed on their new home. The home is located in The Palm Club, a unique waterfront co-op with 100 villa style homes in Lauderdale by the Sea. Palm Club features a marina available for boaters in the community at no extra charge. It also has a beachfront clubhouse and pool located on the east side of A1A. It is a 55+ age restricted co-op.

The buyers are a couple from the upper midwest that have been visiting the area for decades. They will use it as a vacation home. They first started searching for properties on my website two years ago. In January of 2019 they began viewing homes but none of the available units suited them at the time. Then unit 42 came on the market in late December 2019 and they decided to make an offer. It was originally priced at $650,000. After a few days of negotiating we settled on a price that suited both the buyer and the seller. This unit is nicely updated. It is on the water with it's own dock and came furnished. 

See my Five Star Reviews Here

If you are considering buying or selling in the Palm Club give me a all at 954-895-2431

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Boaters, Just Sold
Jan. 30, 2020

Pet Friendly Condos in Pompano Beach Updated for 2020

Searching for a pet friendly condos in Pompano Beach can be difficult. Many of the condos that were built in the 1960's and 1970's simply don't allow pets. So I compiled a list of all the the condominiums in Pompano Beach that do allow pets. They are linked to current active listings. Some may restrict dogs to under 20lbs. Be sure to check the rules carefully. Click the links or photos for the listings.

1500 Ocean Club

1500 N Ocean Blvd.

$300,000

1500 Ocean Club Pompano Beach

Aqua Lofts

NE 1st St

$1,000,000

Aqua Lofts Pompano Beach

Atlantic East

SE 7th Way

$350,000+

Atlantic East Townhouses Pompano Beach

Barcelona North

251 S. Cypress Rd.
$100,000+

Barcelona North

Blue Lake Apts

Blue Lake Dr

$150,000 +

Blue Lake Apts

Breezes at Palm Aire

N Course Drive

$150,000+

Breezes at Palm Aire

Casa La Quinta

NE 14th St Causeway

$200,000 +/-

Casa La Quinta

Cypress Bend

Cypress Bend Dr

$150,000 +/-

Cypress Bend

 

Cypress Bay

SE 3rd Ave

$400,000 +

Cypress Bay Pompano Beach

Cypress Club

Cypress Club Dr

$100,000+

Cypress Club Pompano Beach

Delphi Towers

1391 S Ocean Blvd

$200,00+/-

Delphi Towers

 

Fairview Pointe

W. Palm Aire Dr.

$300,000+

Fairview Pointe at Palm Aire

Gabriel Towers

801 N Ocean Blvd

$200,000+

Gabriel Towers Pompano Beach

 

Gardens North

Gardens Dr

$100,000+

Gardens North

 

Hampton Beach Club

1800 S. Ocean Blvd

$500,000+

Hampton Beach Club Pompano Beach

Hillsboro Bay

Bay Dr

$2,000,000+/-

 

Hillsboro Light Towers

2639 N Riverside Dr

$300,000+/-

Hillsboro Light Towers Pompano Beach

Koi Residences & Marina

SE 1st Circle

$500,000+

Koi Residences and Marina Pompano Beach

Nobel Point

1100 SE 5th Ct

$400,000 +/-

Nobel Point Pompano Beach

 

 

 

Ocean Monarch

133 N Pompano Beach Blvd

$300,000+

Ocean Monarch Pompano Beach

Orchid Grove

Cypress Rd

$250,000+

Orchid Grove Pompano Beach

 

Palm Aire Gardens

W. McNab Rd

$100,000+

Palm Aire Gardens

Plaza at Oceanside

1 N Ocean Blvd

$600,000+

Plaza at Oceanside Pompano Beach

Royal Poinciana

Lyons Rd

$100,000+

Royal Poinciana

 

Royal Point

Oaks Clubhouse Dr

$200,000+

Royal Point at Palm Aire

 

Sabbia Beach

730 N Ocean Blvd

$1,500,000+

Sabbia Beach

Sea Monarch

111 N Pompano Beach Blvd

$300,000+

Sea Monarch Pompano Beach

Sonata Beach Club

801 Briny Ave

$800,000+

Sonata Beach

The Criterion

1300 S Ocean Blvd

$700,000+

The Criterion Pompano Beach

Tor-Palm Townhouses
NE 13th St
$300,000+

Tor Palm Pompano Beach

 

Voyager

2900 NE 14th St Causeway

$300,000+

Voyager Condo Pompano Beach

Vizcaya at Palm Aire

W. Palm Aire Dr

$200,000+

 

Waterford Point

801 S. Federal Highway

$250,000+/-

Waterford Point

 

 

 

 

 

 

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Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Home Buying
Jan. 20, 2020

The Best Oceanfront Condos in Pompano Beach

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When it comes to purchasing an oceanfront condo in South Florida, Pompano Beach offers a great value. It isn’t full of hotels, the beaches aren’t crowded and some exciting new developments are sprouting up. The facelift along Pompano Beach Blvd was finished several years ago.  Construction of the new fishing pier will be completed in 2020. Construction of the Pompano Fishing Village has started. It will include a Hilton Hotel and several new restaurants and shops. There are a lot of choices when it comes to oceanfront condos in Pompano Beach, so I have narrowed it down to the buildings I like the best.

There was a building boom on the beach in the late 1960’s and early 1970’s. In those days it was rare to have washer and dryers in your unit. Typically, each floor would have a community laundry room. Kitchens and bathrooms were smaller. The older buildings have more pet restrictions.  If you are on a budget that is what you will have to adapt to. A couple of those buildings still made the list. In the case of Sabbia Beach, it is currently under construction. There hasn’t been much new construction for the past decade, so I am looking forward to that on coming online. There are a couple of new oceanfront project that have been approved but yet to get started on construction.

Here are my most recommend choices for oceanfront condos in Pompano Beach. There are seven in all. I list the pros and cons of each. I have been selling condos in and around Pompano Beach since 2006. These are my personal preferences. Even though they all have some disadvantages, these are the best oceanfront buildings in Pompano Beach in my opinion. Click on the links or photos for complete listings.

Pompano Atlantis

Pompano AtlantisPompano Atlantis is located at 1000 S Ocean Blvd. It was built in 1973 and has 19 stories. It could have almost been placed in the mid-level category. Prices begin in the mid $300’s. It has a parking garage with manned security 24 hours a day.  There are two floor plans, corner units and non-corner floor units. They are both a little over 1400 square feet.

Pros - In House management office, Residents are friendly and social, Nice pool and deck overlooking the beach.  Cons – No pets allowed, Community laundry, small galley kitchens. 

The Claridge 

The Claridge Pompano BeachThe Claridge is an oceanfront highrise condominium located at 1340 S Ocean Blvd in Pompano Beach, FL. The uniquely shaped building built in 1972 has 23 stories. Each floor has 9 units.  All 198 of the units have 2 bedrooms and two bathrooms. 

Pros - Large units from 1400 to 1800 sf, Wide balconys, 24 hour security at the lobby, Nice amenities. Newly updated exterior. It has four elevators, so wait times are minimal. Cons - No pets allowed, Not all parking is covered.  

Ocean Monarch

Ocean Monarch Pompano BeachThe Ocean Monarch is a 16 story high-rise condominium located at 133 N. Pompano Beach Blvd in Pompano Beach, FL. Right next door to the Sea Monarch Condominium. It was built it in 1966 and has a total of 164 one, two, and three bedroom units. 

Pros – 24 hours security guard. Great location next to the newly reconstructed fishing pier and forthcoming Pompano Beach Fishing Village. Covered garage parking. Cons – Community laundry, interior hallways, no pets. Current area construction.

Renaissance I & II

Renaissance Pompano BeachRenaissance Condominiums is one of the more popular condominium complexes in Pompano Beach. There are three buildings, each with a separate association. Renaissance Condominiums I & II are beachfront buildings located at 1360 and 1370 S. Ocean Blvd. Renaissance Condominiums I & II are both 28 story highrise buildings built between 1974 and 1977. They each have approximately 200 units a piece.

Pros- 24 hour manned security, Great views from the upper floors, especially the SE corner units. Cons – Guest parking isn’t great. Hallways and common areas are a bit dated.

Hampton Beach Club

Hampton Beach ClubHampton Beach Club is located at 1800 s Ocean Blvd. It has 3 wings with 12 units per floor. The east wing has an interior hallway. The north and south wings have catwalk access. Amenities include Heated Pool, Clubhouse, Fitness Center, Tennis, Bocce Ball, Putting green, Pickle ball, Sauna, Billiards, Ping pong, fire pits.

Pros - pets are allowed. The units are really big. Cons - Only two elevators.

Sabbia Beach

Sabbia Beach

Sabbia Beach is a new ultra-luxury condominium project currently under construction at 730 N Ocean Blvd Pompano Beach, FL. It will have 68 units directly on the beach. First year of maintenance is free. Available for occupancy soon. Priced from $1,200,000 to $2,300,000.

Pros - It's Pompano Beach newest and most luxurious condo building. Cons - Still to be determined.

Sonata Beach Club

Sonata Beach ClubThe Sonata Beach Club is located at 801 Briny Ave in Pompano Beach.  The 64 unit luxury highrise building was built in 2007. No new condominiums have been built in Pompano Beach since then.  There are five unique floor plans. They are all two bedroom units and the smallest is just under 2500 square feet.

Pros – Modern design, floor to ceiling glass, pets allowed even larger ones. Cons – It's not directly on the beach but its close.

 

Related:

Pet Friendly Condos in Pompano Beach

A Guide to Purchasing a South Florida Condo

 

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Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Oceanfront living
Nov. 24, 2019

Market Update For Broward County Oct 2019

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Here is a real estate market snapshot for the month of October 2019 in Broward County Florida. Values are continuing a gently rise with a 2% increase in the median sales price from October of last year. The most striking statistic in this month's report is the 9.3% decrease in available listings for single family homes. The inventory of available condos also decreased 3.0%. The number of condos that sold in October is down 12.8% from the prior year but median sales prices increased by 7.0%. Interest rates have been stable with little to no change from last month.

 

Related:

Market Update For Broward County Sept 2019

What is Selling in Palm Aire Country Club?

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!

Posted in Market Report
Nov. 6, 2019

What is Selling in Palm Aire Country Club?

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Currently there are 172 homes available for sale in Palm Aire. That sounds like a lot, but it is lower than normal. If you take the average number of sales per month and divide by the number of available listings you get the month’s supply of inventory. Right now, Palm Aire has 5.7 months of inventory. Six months is considered a balanced market. It neither favors the buyer or the seller. More than six months of inventory favors the buyer. Less than six months favors the seller. When the numbers are broken down further, one, two, and three bedroom condos have six months or less of inventory.

Single family homes, Townhouses and Villas all have much higher than six months worth of inventory. The market favors the buyer in all three of those categories. If you own any of those and are considering selling, you better have a good price on it. If you are thinking of selling your condo, now is a great time to sell. Out of area buyers are looking for a winter home right now. Call me for a consultation. 954-895-2431

Palm Aire Country Club

Home Inventory Analysis

 

Active Listings

Sold Per Month

Months Supply

3 Bedroom Condos

81

13

6

2 Bedroom Condos

46

12

3.8

1 Bedroom Condos

14

3.5

4

Villas

12

.5

24

Townhouses

12

1

12

Single Family

5

.5

10

Total

172

29

5.7

 

Related:

Palm Aire Sale Prices

Market Update For Broward County Oct 2019

 

 

Tom Day

Serving The Greater Fort Lauderdale area since 2006

You can reach me 954-895-2431

If You Like This Post, Please Share. Thanks!