I typically write more articles that focus on assisting buyers than speaking to sellers, but the Fort Lauderdale housing market has shifted so aggressively in the last 6 months with relocation buyers flooding into our city (focusing on the primary markets of Las Olas Isles, Coral Ridge, Victoria Park and the Beach areas) that I have felt not just impelled but forced to go ‘off market’ to assist my relocation clients find the right homes.
So if you’re reading this (and you probably are because we TARGETED you) and you’re a home owner in any of these neighborhoods:
Las Olas Isles
We have this message: The housing market has never been stronger and if you would entertain a conversation of selling, we want to talk!
The relocations from across the country, which started with a focus on tax savings have now been hugely increased by covid – the economic accelerator.
Take a look below at the different neighborhoods and see the massive uptake of sales, while at the same time the decrease of inventory.
Fort Lauderdale Overall:
$0M - $2M: 2 Months of remaining inventory
$2M-$4M: 9 Months remaining inventory | 40% decrease in inventory since Q1
$4M-$6M: 18 Months remaining inventory | Flat to Q1
$6M-$8M: 29 Months of inventory | 28% decrease in inventory since Q1
$8M+: 41 Months of remaining inventory | 46% INCREASE since Q1
Single Family Homes: Sellers at $8M+recognize this as a Sellers market and have listed their properties for sale at a rate 46% greater than before Covid-19.
The market in Ft Lauderdale is desperate for inventory listed under $4M where inventory levels have substantially dropped when compared with demand.
If you do not mind please leave your number and email
Rio Vista / Lauderdale Harbours Market Numbers
Closed Sales 21%
Inventory 6 Months
Victoria Park Market Numbers
Closed Sales 46%
Inventory 3 Months
Las Olas Isles Market Numbers
Closed Sales 135%
Inventory 9 Months
Coral Ridge Market Numbers
Closed Sales 17%
Inventory 4 Months
Bay Colony / The Landings Market Numbers
Closed Sales 66%
Inventory 4 Months
At DSG we respect your privacy and won’t share your information with anyone else. Nor will we bombard you with emails. We would not want it done to us so we won’t do it to you! ...but we would love to hear from you!!