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
There was a time when searching for Luxury condos in South Florida meant you had to look in the Miami area.
In the past 10-15 years most cities along the coast have all had Luxury Condo built, and it is just a matter of finding them.
Because Luxury means different thimgs to different people, you will generally have to look based on your price and other criteria.
In the city of Pompano Beach, most people believe that the Luxury condos start around the $700,000 price range. You should also note that most people do not know where the city of Pompano Beach starts and ends, and for that reason, you may consider also searching in the cities of Lauderdale By The Sea and
