There are plenty of condos available in South Florida, they are just waiting on buyers to emerge. The current inventory from Miami to Palm Beach has reached a level we haven’t seen since we emerged from the housing crisis. In February there were 32,578 condos available for sale. This is the highest inventory since June […]
Tag Archives: Fort Lauderdale condo market
Just waiting on the buyers…..
Posted in Condo market, South Florida Real Estate
Also tagged condo prices, Miami condo market, Palm Beach condo market
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What to watch in the condo market
What are a few things to watch in the South Florida condo market? Inventory, transaction volume and sale prices will tell you everything you need to know. Today we will take a look at the Broward County / Greater Fort Lauderdale market with some charts. Available inventory The number of condos on the market in […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight
Also tagged Fort Lauderdale real estate
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A hiccup or a rebound?
We are trying to determine if this recent data is a hiccup or the start of a rebound in housing activity. Deal volume picked up in February with a total of 5,790 closed residential transactions, up from the dismal number of 5,113 in January. We always remind people that one month doesn’t make a trend, […]
Posted in Fort Lauderdale real estate, Market Insight, Miami real estate, Mortgage rates, Palm Beach real estate, South Florida Real Estate
Also tagged condo prices, Miami condo market, Miami real estate, mortgage rates, Palm Beach condo market
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Price action – going nowhere fast
Price action hit a wall in the South Florida residential market. Today we will look at the median sale prices of single-family homes and condos in Miami, Fort Lauderdale, Boca Raton and surrounding areas. Existing home sales on a national level look like they are exhausted as well. South Florida was ground zero during the last […]
Posted in Condo market, Fort Lauderdale foreclosures, Miami foreclosures, Palm Beach foreclosures, Single-family homes, South Florida Real Estate
Also tagged Miami condo market, Palm Beach condo market, REO
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Has the condo correction already started?
Has the condo correction already started in South Florida? By looking at the latest numbers, it appears so. Today we will focus on Broward County, which includes the cities of: Fort Lauderdale, Pompano Beach, Deerfield beach, Hollywood and Hallandale Beach just to name a few. Average sale price in Correction territory Our first chart today […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight
Also tagged condo correction, condo market, condo prices, Fort Lauderdale real estate
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Will they see it this time around?
Will the real estate agents see it this time around? So many of them were blindsided by the last downturn. They were busy selling and collecting commissions on overpriced properties, ignoring all of the signs of a frothy market. My guess is they won’t see it, because they don’t want to. More importantly, real estate […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate
Also tagged Fort Lauderdale real estate, housing bubble, mortgage rates
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Trick or Treat?
It’s trick or treat time in the South Florida real estate market. Not just because we are at the end of October, but we may finally see changes in the market,. Higher mortgage rates may finally be doing some damage and could impact selling prices going forward. Our first chart shows the average selling price […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight, Single-family homes
Also tagged Fort Lauderdale foreclosures, Fort Lauderdale housing market
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Teaser rates
Teaser rates may be a thing of the past and now we will see if the South Florida residential market can hold-up. Today we will look at the average sale prices of houses and condos in the Greater Fort Lauderdale area. This chart is through August, before the last pop in mortgage rates hit. It […]
Posted in Fort Lauderdale real estate, Market Insight, Mortgage rates
Also tagged Fort Lauderdale homes, housing bubble, mortgage rates
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Cooling process
A cooling process is underway in the South Florida residential real estate market. Prices are stretched and buyers are finally taking notice. It has been ten years since the housing bust and some of the same behavior is present in the market today. Let’s look at a few charts. Condos cooling off? During the month […]
Posted in Condo market, Fort Lauderdale real estate, Market Insight, Mortgage rates, South Florida Real Estate
Also tagged Fort Lauderdale housing market, Fort Lauderdale real estate, housing bubble
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Late cycle behavior
Late cycle behavior is back in the South Florida residential market. For the last decade it appeared as if this slow grind higher in prices would not abate. There is evidence of peaking residential prices in the South Florida market and a reversale might be right around the corner. today we will highlight some of […]
Posted in Fort Lauderdale foreclosures, Fort Lauderdale real estate
Also tagged Fort Lauderdale foreclosures, Fort Lauderdale real estate
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