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    The 2019/2020 Fort Lauderdale Real Estate Forecast | Victoria Park Real Estate

    April 11, 2019

    The 2019 Fort Lauderdale Real Estate Forecast

    The Victoria Park Real Estate Forecast

    Read our 2019/2020 Miami Real Estate Forecast

    The 2019 Real Estate Forecast for Victoria Park, Fort Lauderdale

     

    • Our prediction is that Victoria Park will continue to be “in demand” especially in the $500K to $1M market.

     

    • The proximity of Victoria Park to Downtown and Flagler Village adds to the desirability. As the population density increases in the Flagler Village rental communities more and more businesses will be drawn to the area thus increasing the walkability and lifestyle appeal of the neighborhood. You can expect multiple new boutique businesses, new restaurants, a thriving art scene, neighborhood events and a highly anticipated movie theatre. Victoria Park will border a vibrant Urban center that will continue to generate excitement beyond 2019.

     

    • As demand increases in the neighborhood a lack of inventory will continue to give sellers confidence to push up listing prices. We predict continued increases in the average price per square foot.

     

    • One note of concern is the traffic congestion that will surely increase throughout the neighborhood along all traffic lanes that intersect with Federal highway. Residents of Victoria Park are already experimenting with alternate transport. Walkability and proximity are key factors and Victoria Park has both.

     

    • Families will continue to view Victoria Park favorably for Public School Options. Virginia S. Young Elementary (Magnet Option)and Harbordale Elementary (Assigned) are the two options for young families. Both schools are in the top 20% of all Florida Elementary Schools. There are also multiple private school options in close proximity.

     

    • The best time to list your home in Victoria Park is March through June/July. Families relocating to the neighborhood usually plan to settle prior to school start dates in August.

     

    • Expect an influx of new Buyers as businesses continue to open operations in Ft Lauderdale. The City of Ft Lauderdale has an aggressive incentive plan to woo businesses to the city. The International Airport, Port Everglades and Brightline rail service has created local and global connectivity for Ft Lauderdale. Also, the favorable tax laws add to the appeal.

    The Economic Health Score 

    The 2019/2020 Fort Lauderdale Real Estate Forecast | Victoria Park Real Estate

    What Does this Neighborhood Economic Health Score Mean?

    Using the human body as the perfect metaphor, this neighborhood health score indicates the current economic health of an area and its likelihood to fall ill or to be susceptible to illnesses. It measures the market’s elasticity; it is about robustness and resilience of the market against economic change.

    Sales Data 

    The 2019/2020 Fort Lauderdale Real Estate Forecast | Victoria Park Real Estate

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    Price per SF and Inventory in Months

    The 2019/2020 Fort Lauderdale Real Estate Forecast | Victoria Park Real Estate

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    The 2019/2020 Fort Lauderdale Real Estate Forecast | Victoria Park Real Estate

    Click to enlarge

    The 2019/2020 Fort Lauderdale Real Estate Forecast | Victoria Park Real Estate

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    Contact the David Siddons Group to learn more about the Victoria Park Real Estate Market

    Elaine Tatum | +1.305.793.0540 | elaine@dockandhome.com
    David Siddons | +1.305.508.0899 | david@siddonsgroup.com

    The David Siddons Group is a top-performing Miami/Fort Lauderdale real estate group with nearly $100M in yearly sales. David is known as a market analyst and he is the author of several groundbreaking real estate reports.

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    THE 2018 MIAMI REAL ESTATE REPORT

    EX-STOCKBROCKER’S ANALYSIS OF THE MIAMI MARKET

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