Tag Archives: Fort Lauderdale condo market

That first shot of humidity

Well, it finally hit us this week.  That first shot of humidity arrived, letting us all know that summer is here.  Even before the weather changed, it seems like something is different in the residential real estate market.  Stale listings are all over the place.  What happened to all the people that were supposed to […]

Posted in Foreclosure activity, Fort Lauderdale foreclosures, Fort Lauderdale real estate, Market Insight, South Florida Real Estate | Also tagged , , | Leave a comment

Just waiting on the buyers…..

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 […]

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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 condo inventory The number of condos on the market […]

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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 , , , , | Comments closed

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 , , | Comments closed

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 condo sale price in correction territory Our first chart […]

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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 , , | Comments closed

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 , | Comments closed

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 […]

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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 , , | Comments closed
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