By: Melissa & Denise Stewart
Recent reports of Fort Lauderdale condo sales indicate that the Condo sales in Fort Lauderdale and the surrounding areas are up over 10%. These areas include Pompano Beach, Hollywood, Lauderdale By the Sea, and Deerfield Beach.
The main reasons seem to be consumer confidence, favorable tax laws, low mortgage rates, and beautiful weather!!
Foreclosures and short sale have almost all dried up, indicating a strong market.
One important factor is also the existing inventory of condos. In Broward County as a whole, there are about 5.5 months supply of condos, which indicates a seller's market. There are some areas in South Florida which are much higher, like the Aventura area. If you are a buyer and searching for a…