Fort Lauderdale Beach Real Estate

Jon C. Mumford, REALTOR-ASSOCIATE, CRS, ePRO, GRI, GREEN, RECS, SFR, SRES

Archive for October, 2008

Search the MLS in 12 languages!

Posted by fortlauderdalebeachrealestate on October 30, 2008

You can now search for properties in South Florida in one of 12 available languages!  Simply go to my website, www.jonmumford.com, and click on the country of your choice and off you go-this is great given the large number of foreign investors and buyers we have coming to South Florida everyday.

Jon

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Positive News

Posted by fortlauderdalebeachrealestate on October 24, 2008

I just closed on this listing last Friday and wanted to share the positive feedback I received from the sellers.  We had the property under contract in 63 days with a cash buyer from the Northeast.  A completely smooth transaction and further proof that there are positive things happening in our market everyday.

“Thank you Jon for all your help.  We will be happy to forward your name to anyone interested in a good REALTOR in Ft. Lauderdale.  We’ve appreciated your professionalism and positive attitude!  We wish you all the best!”  Joanne & Christophe Hanckowiak

Jon

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September Sales Statistics

Posted by fortlauderdalebeachrealestate on October 15, 2008

New Listings

  • Single Family-2,027(18% lower than 07′, a year ago it was 6% lower)
  • Condo/Townhome-2,140(24% lower than 07′, a year ago it was 1% lower)
  • Total all property types-6,765(21% lower than 07′, a year ago 5% higher)

Total Available Inventory

  • Single Family-11,720(6% lower than 07′, a year ago it was 36% higher)
  • Condo/Townhouse-15,086(11% lower than 07′, a year ago it was 47% higher)
  • Total all Property Types-36,378(8% lower than 07′, a year ago it was 45% higher)

Single Family Sold

  • 572 closed sales, 31% up from 07′, a year ago it was down 21%
  • Median sales price, $260,000, down 26% from last year

Condo/Townhome Sold

  • 508 closed sales, 11% higher from 07′, a year ago it was down 21%
  • Median sales price, $125,000, 30% down from 07′, a year ago it was down 7%

Pending Inventory or homes under contract

  • Single family homes are up 200% over 2007
  • Condos are up 98% over 2007

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 20 month supply of single family homes on the market(down 6% from the previous year) and a 30 month supply of condos on the market(down 20% from the previous year)

Jon

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