$9.45 Million Dollar Home Sale In Fort Lauderdale

Wow, this is amazing-a Harbor Beach home recently sold for $9.45 million! I guess the economy isn’t hurting everyone, hugh?

Jon

Strong Gain in Existing-Home Sales Maintains Uptrend

Great article to share-
“According to NAR Chief Economist, Lawrence Yun, “The housing market has decisively turned for the better. A combination of first-time buyers taking advantage o…f the housing stimulus tax credit and greatly improved affordability…” Read the entire article here

Jon

Rarely Available-Forever Ocean & Coast Views

WOW, this unit just became available moments ago and I wanted to be sure to share it with everyone I know! Park Tower is a wonderful building surrounded by Birch State Park and directly across from the beautiful beaches of Fort Lauderdale with it’s own underground tunnel for access to the beach. Units rarely become available in this building and this 15th floor unit is located in the “D” stack which is the most desirable location in the building offering views from every single room. Because of its location by the State Park your views will NEVER change. This is a 2 bedroom 2 bath unit with a split bedroom plan and features all impact glass. Building has undergone substantial renovations and improvements over the last five years. Each floor features only 4 residences. This is a once in a lifetime opportunity for one very lucky buyer! $375,000, let me know if you or someone you know might be interested!
View all 34 photos here

$8,000 First Time Homebuyer Credit Expires 12/01/09

Just wanted remind everyone that a tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. That means you’ve only got a little more than 2 months to find, purchase and close on a property to take advantage of this great opportunity. Click here for details.

Jon

August Sales Statistics-more GREAT news!

I just pulled the sales statistics for August, wow! As I’ve been reporting all year these numbers are and have been moving in a positive direction but these are outstanding…take a look.

New Listings

Single Family-1,631, 24% lower than 08′
Condo/Townhome-2,065, 11% lower than 08′
Total all property types-6,120, 17% lower than 08′

Total Available Inventory

Single Family-6,610, 45% lower than 08′
Condo/Townhouse-10,441, 32% lower than 08′
Total all Property Types-25,689 30% lower than 08′

Single Family Sold

823 closed sales, up 28% from 08′
Median sales price, $218,500, down 26% from last year

Condo/Townhome Sold

882 closed sales, 48% higher from 08′
Median sales price, $82,590, 35% down from 08′

Pending Inventory or homes under contract

Single family homes are up 49% over 2008
Condos are up 83% over 2008

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 8 month supply of single family homes on the market(down 57% from the previous year) and a 12 month supply of condos on the market(down 54% from the previous year)
Jon

July 2009 Sales Statistics

A little late posting these, due to a wonderful vacation…still great news to share!

New Listings

Single Family-1,495, 27% lower than 08′
Condo/Townhome-1,857, 17% lower than 08′
Total all property types-5,612, 19% lower than 08′

Total Available Inventory

Single Family-7,070, 42% lower than 08′
Condo/Townhouse-10,958, 29% lower than 08′
Total all Property Types-26,808 27% lower than 08′

Single Family Sold

741 closed sales, up 22% from 08′
Median sales price, $218,000, down 27% from last year

Condo/Townhome Sold

760 closed sales, 35% higher from 08′
Median sales price, $82,950, 46% down from 08′

Pending Inventory or homes under contract

Single family homes are up 128% over 2008
Condos are up 147% over 2008

Given our current inventory and sales levels, if there were to be nothing else listed , we have a 10 month supply of single family homes on the market(down 53% from the previous year) and a 14 month supply of condos on the market(down 48% from the previous year)

Jon