ResalesFort Lauderdale, Florida Attracts Residents As Well As Vacationers
Local Realtors say that the "Venice of America" is attracting people from all walks of life. Should you consider Fort Lauderdale for your summer or retirement home?
"Mild and warm winter weather, fab beaches, and the best of dining, boating/fishing, shopping, tennis & golf - 365 days a year!" invites Realtor Karen Dove. "Last month"s available statistics on residential real estate sales reflect a still very active market. Sales remain brisk for properly priced homes, condos and townhomes. Our prices are up over last year across the board, so with the best interest rates in years, your dollar will go farther."
"Our waterfront homes and condos offer docks and wonderful wide waterviews," notes Dove, "all with ocean access for the diver, fishing fanatic and those who just love being on the sea. Fort Lauderdale offers a wide choice of both new and resale moderate & luxury townhomes, condos & villas. The city has re-vitalized the downtown shopping and dining core. So there are more options of entertainment, dining, and shopping nearby. The beach area also offers luxury high-rise condominiums; both new and resale."
She explains, "The east areas offer Old Florida charm and many diverse architectural styles. The values on the resale of existing condos and homes has held steady, with upward movement in pricing. Some good values can still be had west of I95 and the Florida Turnpike. The homes are more affordable in these areas. Many offer A+ school districts as well. If you"re looking for big city arts and entertainment with a small-town atmosphere, Fort Lauderdale and the surrounding communities may be the place for you to call home!"
"Enjoy tropical days on our breezy beaches, then retire to quiet waterfront dining or happening nightlife," suggest Realtors Chuck Dinsmore and Chris Toomey. "Ft. Lauderdale is quickly becoming a premiere five-star resort destination, and we are seeing phenomenal growth in both business and population."
They explain, "Now number four in population, Florida is poised to pass New York by 2024! Broward County will have the largest population growth of all 67 counties in Florida, adding an estimated one million people over the next 25 years! What most Realtors in the area are seeing is a much needed increase in inventory (homes coming on the market.) Even with the additional choices, home sales are still strong in most price ranges. Buyers now have more to choose from, allowing them to compare properties for a more informed decision. One might think that with an increased supply, the prices would fall, but supply has yet to catch up with demand!
"In all, sellers are being more realistic in pricing their homes, but are still able to realize good returns on their investments. With proper pricing and our outstanding marketing programs, homes are still selling quickly, benefiting both sellers and buyers!"
"Fort Lauderdale and East Broward County continue to see strong growth. Nearing complete build-out in the county, property is becoming scarce. With the call of the ocean (and the city"s renewed downtown entertainment district), families are moving back toward the East. As a result, property values have held their own. Ft. Lauderdale is still one of the lowest priced waterfront destinations in the country! The opportunity to get in on this high growth rate is now."
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