Fort Lauderdale Beach Real Estate

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

Posts Tagged ‘Fort Lauderdale Real Estate News’

March 2010 Sales Statistics & “Your Home”

Posted by fortlauderdalebeachrealestate on April 7, 2010

In this month’s edition of  “Your Home” I have financial tips, kitchen & bath design trends and pet friendly remodeling ideas.  Our market in South Florida has continued to gain momentum and offers incredible opportunities to those folks looking to purchase real esate.    I just received the numbers for Broward County for March-FABULOUS!

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New Listings

Single Family-1,495, 4% higher than 09′
Condo/Townhome-1,994, 10% higher than 09′
Total all property types-5,364, 4% higher than 09′

Total Available Inventory

Single Family-5,857, 36% lower than 09′
Condo/Townhouse-8,831, 32% lower than 09′

Single Family Sold

567 closed sales, up 10% from 09′
Median sales price, $205,000, down 7% from 09′

Condo/Townhome Sold

926 closed sales, 59% higher from 09′
Median sales price, $75,000, 14% down from 09′

Pending Inventory or homes under contract

Single family homes are up 25% over 2009
Condos are up 63% over 2009

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 36% from the previous year) and a 10 month supply of condos on the market(down 58% from the previous year).

Jon

Posted in Blogroll, Buying Real Estate, Condominium Info, Food & Recipes, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, South Florida Real Estate News | Tagged: , , , | Leave a Comment »

NAR’s sustainable property designation

Posted by fortlauderdalebeachrealestate on March 30, 2010

I’ve just received my Green designation from NAR, the National Association of REALTORS.  This is a newer designation and advocates the goal of education and adoption of green real estate principles.  As buyers and sellers continue to address issues of energy efficiency and smart building practices, the market will continue to evolve and green properties will become increasingly prevalent.  I can now provide knowledge in this evolving market.

This is my 7th professional designation/certification and shows the dedication I have to my career and continuing education.

  • CRS-Council of Residential Specialists, most prestigious designation held by only 4% of REALTORS
  • ePRO-Technological designation
  • GRI-Graduate Realtor Institute
  • RECS-Real estate cyber society
  • SFR-Short sale foreclosure resource
  • SRES-Seniors real estate specialist

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Just for Fun, Real Estate News, South Florida Real Estate News | Tagged: , , , , , | Leave a Comment »

Population Matters

Posted by fortlauderdalebeachrealestate on March 24, 2010

The nation’s population grew to 307 million residents between July 2008 and July 2009, a modest increase of .86 percent, according to a recent estimate by the U.S. Census Bureau.

Texas experienced the largest population growth during that time, gaining 478,000 new residents, while California remained the most populous state with 37 million residents.(Source U.S. Census Bureau)

Largest Gains in Population

  • Texax 478,000
  • California 381,000
  • North Carolina 134,000
  • Georgia 131,000
  • Florida 114,000

Most Populous States

  • California 37 million
  • Texas 24.8 million
  • New York 19.5 million
  • Florida 18.5 million
  • Illinois 12.9 million

Jon

Posted in Blogroll, Just for Fun, South Florida Real Estate News | Tagged: | Leave a Comment »

Interesting statistics on our market in South Florida…

Posted by fortlauderdalebeachrealestate on March 5, 2010

In past 6 months 52% of the closed residential sales reported through MLS were REO’s or short sales.

Currently about 38% of active inventory is in one of those categories with the number of short sales rising dramatically. 

At the beginning of last year we had 28,500 listings active on the market in our MLS systems and that represented 22.4 months of inventory

At the beginning of 2010 that number shrunk to 17,856 which is a 37% decrease.  Months of inventory has correspondingly been reduced to 11.7 months, about half of where it was last year.

Single Family Homes priced between $1 – 2.5 million have 35.9 months of inventory as of January 2010

Single Family Homes priced between $2.5 – 5 million have 130.7 months of inventory as of January 2010

Avgerage sales price in January of 2009 was $186,000

Average sales price this January is $162,000 (13% less)

Jon

 

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, Short Sales | Tagged: , , | 1 Comment »

“Your Home” & February 2010 Sales Statistics

Posted by fortlauderdalebeachrealestate on March 2, 2010

 

Wow, it is March already-how did that happen?  In this month’s edition of  “Your Home” I have a paint color trends, tax tips, and the latest apps available for your iPhone.  Our market in South Florida has continued to gain momentum and offers incredible opportunities to those folks looking to purchase real esate.    I just received the numbers for Broward County for February-FABULOUS!

___________________________________________________________________________________

New Listings

Single Family-1,693, 1% lower than 09′
Condo/Townhome-2,235, 5% higher than 09′
Total all property types-5,978, 1% lower than 09′

Total Available Inventory

Single Family-5,992, 38% lower than 09′
Condo/Townhouse-8,973, 32% lower than 09′

Single Family Sold

536 closed sales, up 35% from 09′
Median sales price, $185,551, down 13% from 09′

Condo/Townhome Sold

797 closed sales, 64% higher from 09′
Median sales price, $71,000, 16% down from 09′

Pending Inventory or homes under contract

Single family homes are up 31% over 2009
Condos are up 60% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 11 month supply of single family homes on the market(down 54% from the previous year) and a 11 month supply of condos on the market(down 32% from the previous year).

Jon

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate | Tagged: , , , | Leave a Comment »

Outstanding Opportunity…

Posted by fortlauderdalebeachrealestate on February 11, 2010

I saw this condo yesterday at a brokers open with friends, and WOW.  The “Four Seasons” is my favorite building in the entire city of Fort Lauderdale.  Located on Sunset Drive just off Las Olas and just west of the Intracoastal Waterway.  This is a fully restored Mid-Century building with 24/7 doorman service, covered parking and available dockage with ocean access/no fixed bridges.  Any size pets welcome.   This was just relisted as an approved short sale for $385,000-this is the previous listing, disregard the list price.   3 bedroom, 3 bath home sized condo at 2400+ square foot.  Enjoy views of Sunset Lake, Ocean and Intracoastal.  Near 9′ ceilings add drama to already huge spaces, eat-in sized kitchen plus den/family room and Florida room.  A/C, cable and hot water are included in your monthly maintenance.

Jon

Posted in Blogroll, Buying Real Estate, Condominium Info, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Short Sales, South Florida Real Estate News | Tagged: , , , | Leave a Comment »

“Your Home” & January 2010 Statistics

Posted by fortlauderdalebeachrealestate on February 2, 2010

 

Wow, it is February already-how did that happen?  In this month’s edition of  “Your Home”  I have a updates on the homebuyer tax credit, home buying trends and it is “census” time.  Our market in South Florida has continued to gain momentum and offers incredible opportunities to those folks looking to purchase real esate.    I just received the numbers for Broward County for January-FABULOUS!

___________________________________________________________________________________

New Listings

Single Family-1,319, 11% lower than 09′
Condo/Townhome-1,837, 7% lower than 09′
Total all property types-4,903, 12% lower than 09′

Total Available Inventory

Single Family-5,965, 40% lower than 09′
Condo/Townhouse-8,985, 34% lower than 09′

Single Family Sold

535 closed sales, up 42% from 09′
Median sales price, $205,000, same as last year

Condo/Townhome Sold

761 closed sales, 82% higher from 09′
Median sales price, $75,000, 11% down from 09′

Pending Inventory or homes under contract

Single family homes are up 27% over 2009
Condos are up 73% over 2009

Given our current inventory and sales levels, if there were to be nothing else listed, we have a 11 month supply of single family homes on the market(down 58% from the previous year) and a 12 month supply of condos on the market(down 63% from the previous year).

Jon

Posted in Blogroll, Buying Real Estate, Condominium Info, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, South Florida Real Estate News | Tagged: , , , , , | Leave a Comment »

RAGFL REALTORS #1 IN SALES

Posted by fortlauderdalebeachrealestate on January 19, 2010

I came across this and thought it was an interesting statistic.  My association-RAGFL, Realtor Association of Greater Fort Lauderdale sold over $1.98 billion in real estate in the first half of 2009.  In fact, members sold over 66% of all single family homes and over 71% of all condominums in Broward County with the highest average price by more than $20K.  That’s over 9,000 transactions-better than two sales every hour, every day, 24/7.

Posted in Blogroll, Buying Real Estate, Condominium Info, Fort Lauderdale Condos, Fort Lauderdale Real Estate, Real Estate News, Sales Statistics, Selling Real Estate, South Florida Real Estate News | Tagged: , , | Leave a Comment »

Questions about extended home buyer’s tax credit? I have the answers.

Posted by fortlauderdalebeachrealestate on January 12, 2010

Here is a link to a great website that has all the information buyers need to know about the extended and expanded home buyer’s tax credit.  Housing Market Facts

Real estate questions?  Call me.

Jon

Posted in Blogroll, Buying Real Estate, Fort Lauderdale Real Estate, Real Estate News, Selling Real Estate, South Florida Real Estate News | Tagged: , , , , , , , | Leave a Comment »

2009 Home Buyers & Sellers Profile

Posted by fortlauderdalebeachrealestate on January 5, 2010

Lots of interesting information in the 2009 profile of home buyers and sellers from the National Association of Realtors.   Last year 47 percent of home buyers were first-time buyers, average age 30 years old with a median income of $73,100.  Click below to see the complete report and feel free to share it.

2009 Profile Home Buyers Sellers

Posted in Buying Real Estate, Real Estate News, Uncategorized | Tagged: | Leave a Comment »