Homes for Sale

Fort Lauderdale
Homes for Sale

Search Fort Lauderdale Homes for Sale

Fort Lauderdale offers a great range of homes for sale…

From single family homes under $200,000 to luxury waterfront homes priced $2 Million or more – there is literally something for everyone.

Key Statistics for Buyers / Sellers

  • Prices from under $200,000 into $10’s of Millions

Median

  • List Price $512,620 ALL Homes for Sale
  • List Price $295,000 Non-Waterfront Homes for Sale

Median Non-Waterfront

  • Sales Price last 90 Days $239,450
  • Sales to List Price 97%
  • Days on Market 41 Days – down from 60 Days in March!

Fort Lauderdale’s warm weather, beautiful “Blue Ribbon” Beaches and all the vibrant entertainment options give Fort Lauderdale home owners access to a wonderful lifestyle.

Fort Lauderdale Homes
Prices by Bedroom

Here is our guide to Fort Lauderdale Non Waterfront Homes for sale based on median prices by bedroom

Beds/Baths SF/FF List Price LP$/SqFt
2 / 1 1,099 $230,000 $198
3 / 2 1,454 $247,000 $170
4 / 3 2,237 $519,000 $223

We can see from this report that the median price for:

  • 2 Bedroom Non-Waterfront Homes for sale is $230,000– this being for a 2 bedroom 1 bathroom home of 1099 square feet with a list price to square foot price of $198.00  
  • 3 Bedroom  Non Waterfront Homes for sale is $247,000 this being for a 3 bedroom 2 bathroom home of 1454 square feet with a list price to square foot price of $170.00
  • 4 Bedroom  Non Waterfront Homes for sale is $519,000 this being for a 4 bedroom 3 bathroom home of 2237 square feet with a list price to square foot price of $223.00
Entrance to Fort Lauderdale home for sale
Entrance to Fort Lauderdale home for sale

Greater Fort Lauderdale
Homes for Sale

The number of Fort Lauderdale Homes for Sale increases even more if we look at what is known as “Greater” Fort Lauderdale.

Greater Fort Lauderdale Homes for sale includes homes for sale in both Fort Lauderdale and cities like: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

Search Greater Fort Lauderdale Homes for Sale

Fort Lauderdale Homes
Market Analaysis

This month there are 977 Fort Lauderdale homes for Sale.

It is very important to note that our inventory of Fort Lauderdale homes for sale has in 2015 been dropping…. down almost 25% since March!

In our post for June / July there were 1009 Fort Lauderdale Homes for Sale and in our post for March / April  2015 when there were over 1300 Fort Lauderdale Homes for Sale

The market analysis report for these homes is presented below

 $$ Beds/Baths SF/FF List Price
High 10/13 17,812 $32 Million
Low 0 / 1 582 $52,500
Avg 4 / 3 2,689 $1,415,413
Med 3 / 2 1,897 $512,620

We can see that the median price for a Fort Lauderdale home for sale is $512,620 – this being for a 3 bedroom 2 bathroom home of 1897 square feet.

Also important to note is that median list prices for Fort Lauderdale Homes for Sale are up by $43,630 or 9% since our post for March / April 2015.

  • In our June / July 2015 update the median price for a Fort Lauderdale home for sale was $495,000 – this being for a 3 bedroom 2 bathroom home of 1859 square feet. 
  • In our March 2015 update the median price for a Fort Lauderdale home for sale was $469,000 – this being for a 3 bedroom 2 bathroom home of 1832 square feet. 

The most expensive home is listed for sale for $32 Million – this being for a luxury Fort Lauderdale waterfront home.

This home is in exclusive Harbour Beach and the home is a waterfront estate that sits on 3 lots with 300 feet of linear waterfront!

View Fort Lauderdale pool home for sale
View Fort Lauderdale pool home for sale

Non-Waterfront
Homes for Sale

It is important to understand that when looking a Fort Lauderdale Homes for sale and homes prices that there is often a premium attached to waterfront homes for sale.

We can see this reflected in the market analysis report for the 615 x Fort Lauderdale non-waterfront homes for sale – down from 656 in our last post!

Beds/Baths SF/FF List Price LP$/SqFt
3 / 2 1,531 $295,000 $191

This report shows us that the median price for a Fort Lauderdale non-waterfront home for sale is $295,000 – this being for a 3 bedroom 2 bathroom home of 1531 square feet.

It is important to note the difference between the median for all Fort Lauderdale homes for sale at $512,620 and non-waterfront homes for sale at $295,000 – a difference of approx $217,620 or 42%!

View of a luxury Fort Lauderdale home for sale
View of a luxury Fort Lauderdale home for sale

Fort Lauderdale Homes
Price Analaysis

Here is the breakdown of Fort Lauderdale non-waterfront homes for sale by price 

Price Range Quantity
$149,999 or under 148
$150,000 – $199,999 76
$200,000 – $249,999 47
$250,000 – $299,999 50
$300,000 – $349,999 35
$350,000 – $399,999 35
$400,000 – $449,999 20
$450,000 – $499,999 23
$500,000 – $549,999 18
$550,000 – $599,999 18
$600,000 – $699,999 31
$700,000 – $799,999 28
$800,000 – $899,999 22
$900,000 – $999,999 9
$1,000,000 or over 58
Total 618

We can see from this report the number of Fort Lauderdale homes for sale in each of the above price ranges.

It is encouraging to note that we have a good  inventory of homes for sale across nearly all price points / price ranges

View of a luxury Fort Lauderdale home here in Coral Ridge
View of a luxury Fort Lauderdale home here in Coral Ridge

Fort Lauderdale
Home Prices

Here is our pricing guide for Fort Lauderdale non waterfront homes based on sales over the last 90 Days / 3 months

 $$ Beds/Baths SF/FF Sale Price
High 6 / 5 6,376 $1,650,000
Low 1 / 1 635 $320
Avg 3 / 2 1,629 $320,430
Med 3 / 2 1,482 $239,450

We can see that the median price for non waterfront homes sold in Fort Lauderdale over the last 3 months has been $239,450 – this being based on a 3 bedroom 2 bathroom unit of 1482 square feet.

Important to note is that despite a drop in June / July – median sales prices for Fort Lauderdale homes are still up from March 2015.

In our June / July update for Fort Lauderdale homes for sale the median price for non waterfront homes sold in Fort Lauderdale over the preceding 3 months was $226,250 – this being based on a 3 bedroom 2 bathroom unit of 1507 square feet.

In our March / April update the median price for non waterfront homes sold in Fort Lauderdale over the preceding 3 months was $232,500 – this being based on a 3 bedroom 2 bathroom unit of 1462 square feet.

Square Foot Prices

The market analysis report for square foot prices paid for non-waterfront homes over the last 3 months is presented below.

 $$ SP$/SqFt
High $679
Low $0
Avg $179
Med $159

We can see from this report that the average sales price to square foot price has been $179.00 and the median has been $159.00 – much the same as in our last post.

In our last post for June / July 2015 the average sales price to square foot price was $180.00 and the median was $160.00

Important to note is how these square foot prices vary dramatically across our different Fort Lauderdale neighborhoods

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale non-waterfront homes – based on the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

 $$ SP$/LP$
Avg 94%
Med 97%

We can see from this report that the average sales price to list price for Fort Lauderdale homes is 94% – up from 93% in June / July 2015.

What is important to note however is the median sales price to list price at 97% – up from 96% in June / July and up from 95% in March / April 2015.

This means if a Fort Lauderdale non-waterfront home for sale is listed at $300,000 – then based on median sales data the home would sell for 97% of that amount or $291,000.

Compare this to $300,000 at 95% in March which would be $285,000

Days on Market

Days on market for Fort Lauderdale non-waterfront homes for sale is an important indicator on how our real estate market is preforming.

Here is the market analysis report for Days on Market based on home sales over the last 90 days

 $$ Days on Market
Avg 72
Med 41

We can see from this report that the average days on market for a Fort Lauderdale Home for Sale is 72 days – down from 96 days in March 2015.

More importantly is the median days on market at just 41 days – down from 60 days in March.

41 days is very fast and show strong demand for Fort Lauderdale Non Waterfront Homes for Sale.

Days on Market is the time from when the home was listed for sale till the home sold AND closed.

I hope you have enjoyed my post on Fort Lauderdale Homes for Sale  – Kevin Wirth Realtor – 954-459-0337

Kevin Wirth Realtor

Fort Lauderdale Neighborhoods

Fort Lauderdale like any city is broken down into neigbourhoods.

Here is a list of some of our cities most popular neighborhoods as well as links to information on Fort Lauderdale homes in each neighborhood – including homes for sale and recent sales data.

Fort Lauderdale NeighborhoodsClick each links for more Information
Bal Harbour / Lauderdale Isles
Bay Colony
Bermuda Riviera
BeverlyHeights/ColeeHammock
Coral Ridge Country Club
Coral Ridge
Coral Ridge Isles
Dolphin Isles
Harbor Beach
Imperial Point
Knoll Ridge
Lake Ridge
Las Olas Isles / Isles
Lauderdale Beach
Lauderdale Harbours
Middle River Terrace
Poinsettia Heights
Rio Vista
River Oaks
Riverside Park
Sailboat Bend
The Landings
Victoria Park

Waterfront Homes

Fort Lauderdale
Waterfront Homes for Sale

Search Waterfront Homes for Sale

Fort Lauderdale offers a superb range of waterfront homes and luxury waterfront homes for sale…

From single family homes under $300,000 to luxury waterfront homes priced upto $2 Million and then into the 10’s of Millions  – there is literally something for everyone.

Key Statistics for Buyers / Sellers

  • Prices from under $300,000 to 32 Million

Median Prices

  • List Price $2,095,000
    – 4 Bedroom 3 Bathroom Waterfront Home
  • Sales Price last 90 Days $830,000
    – 3 Bedroom 2 Bathroom Waterfront Home
  • Sales to List Price 93%
  • Days on Market  – 65 Days

Note: The median list price fora waterfront home for sale here in Greater Fort Lauderdale is $630,000 for a 4 bedroom / 3 bathroom home

Fort Lauderdale’s warm weather, the Intracoastal waterways the lead to the beautiful “Blue Ribbon” Beaches that reach into the Atlantic Ocean and across to the Caribbean and beyond…

Combined  with all the vibrant entertainment options give Fort Lauderdale waterfront home owners access to a wonderful lifestyle.

Waterfront Homes
Prices by Bedroom

Here is our guide to Fort Lauderdale Waterfront Homes for sale based on median prices by bedroom

Beds/Baths SF/FF List Price LP$/SqFt
2 / 2 1,466 $689,900 $483
3 / 2 1,999 $874,995 $385
4 / 4 3,376 $1,950,000 $585
5 / 5 5,356 $3,900,000 $685

We can see from this report that the median price for:

  • 2 Bedroom Waterfront Homes for sale is $689,900– this being for a 2 bedroom 2 bathroom home of 1466 square feet
  • 3 Bedroom Waterfront Homes for sale is $874,995 this being for a 3 bedroom 2 bathroom luxury home of 1999 square feet
  • 4 Bedroom Waterfront Homes for sale is $1,950,000 this being for a 4 bedroom 4 bathroom luxury home of 3376 square feet
  • 5 Bedroom Waterfront Homes for sale is $3,900,000 this being for a 5 bedroom 5 bathroom luxury home of 535 square feet
Views Fort Lauderdale waterfront home for sale
Views Fort Lauderdale waterfront home for sale

Waterfront Homes
Market Analaysis

This month there are over 359 Fort Lauderdale Waterfront Homes for Sale – as at time of writing this post!

This is down from 380 waterfront homes for sale in March 2015.

The market analysis report for these homes is presented below

 $$ Beds/Baths SF/FF List Price
High 10/13 17,812 $32 Million
Low 0 / 1 1,056 $100,000
Avg 4 / 4 4,259.38 $3,054,077
Med 4 / 3 3,469 $2,095,000

We can see that the median price for a Fort Lauderdale waterfront home for sale is $2,095,000this being for a 4 bedroom 3 bathroom home of 3469 square feet.

It is very important to note is that median prices for Fort Lauderdale waterfront homes for sale are up by $420,000 or 25% from our March / April 2015 post!

  • In June / July 2015 post the median price for a Fort Lauderdale waterfront home for sale was $1,795,000 – this being for a 4 bedroom 3 bathroom home of 3422 square feet.
  • In our March / April 2015 post the median price for a Fort Lauderdale waterfront home for sale was $1,675,000this being for a 4 bedroom 3 bathroom home of 3157 square feet.

The most expensive home is listed for sale for $32 Million – this being for a luxury Fort Lauderdale waterfront home.

This home is in exclusive Harbor Beach and the home is a waterfront estate that sits on 3 lots with 300 feet of linear waterfront that offers deep-water dockage.

Wide waterfront views from this Fort Lauderdale home for sale
Wide waterfront views from this home for sale

Greater Fort Lauderdale
Waterfront Homes

The number of Fort Lauderdale Homes for Sale increases even more if we look at what is known as “Greater” Fort Lauderdale – which offers over 1800 waterfront homes for sale

Median Prices also drop significantly as we can see below.

 $$ Beds/Baths SF/FF List Price
Med 4 / 3 2,953 $630,000

The median price for a waterfront home for sale across all of Greater Fort Lauderdale being $630,000for a 4 bedroom 3 bathroom 2953 square foot home.

It is important to note that the median price for a waterfront home for sale across Greater Fort Lauderdale has dropped by almost $25,000 since our last post for June / July! 

In our last post for June / July the median price for a waterfront home for sale across all of Greater Fort Lauderdale was $654,500 – for a 4 bedroom 3 bathroom 2992 square foot home.

Greater Fort Lauderdale Homes for sale includes homes for sale in both Fort Lauderdale and cities like: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

Greater Fort Lauderdale Waterfront Homes for Sale

Views from a luxury Fort Lauderdale Waterfront home for sale
Views from a luxury Fort Lauderdale Waterfront home for sale

Waterfront Homes
Price Analaysis

Here is the breakdown of Fort Lauderdale waterfront homes for sale by price

Price Range Quantity
$149,999 or under 1
$150,000 – $199,999 2
$200,000 – $249,999 1
$250,000 – $299,999 6
$300,000 – $349,999 5
$350,000 – $399,999 12
$400,000 – $449,999 10
$450,000 – $499,999 14
$500,000 – $549,999 9
$550,000 – $599,999 11
$600,000 – $699,999 6
$700,000 – $799,999 8
$800,000 – $899,999 8
$900,000 – $999,999 8
$1,000,000 or over 258
Total 359

We can see from this report the number of Fort Lauderdale homes for sale in each of the above price ranges.

It is important to note the large inventory of luxury Fort Lauderdale waterfront homes that are priced at $1 Million or more with 258 homes for sale

These 258 luxury Fort Lauderdale waterfront homes for sale account for approx 72% of all Fort Lauderdale waterfront homes for sale.

Views Fort Lauderdale waterfront home recently sold
Views Fort Lauderdale waterfront home recently sold

Fort Lauderdale
Waterfront Prices

Here is our pricing guide for Fort Lauderdale waterfront homes based on sales over the last 90 Days / 3 months

 $$ Beds/Baths SF/FF Sale Price
High 8 / 8 11,142 $7,000,000
Low 2 / 1 1,101 $168,000
Avg 3 / 3 2,679 $1,155,020
Med 3 / 2 2,059 $830,000

We can see that the median price for waterfront homes sold in Fort Lauderdale over the last 3 months has been $830,000 – this being based on a 3 bedroom 3 bathroom unit of 2059 square feet.

Important to note is that the median sales price for Fort Lauderdale waterfront home has dropped by $369,000 or a staggering 30% since March 2015.

  • In our June / July 2015 update the median price for waterfront homes sold in Fort Lauderdale over the preceding 3 months was $1,000,000 – this being based on a 3 bedroom 3 bathroom unit of 2308 square feet.
  • In our March / April 2015 update the median price for waterfront homes sold in Fort Lauderdale over the preceding 3 months was $1,199,000this being based on a 3 bedroom 3 bathroom unit of 2695 square feet.

Note: the most expensive waterfront home sold for $7 Million.

Prices per Square Foot

The market analysis report for sales prices to square foot prices for Fort Lauderdale waterfront homes sold over the last 90 days is presented below.

 $$ SP$/SqFt
High $898
Low $138
Avg $370
Med $316

We can see from this report that the average sales price to square foot price for a Fort Lauderdale waterfront home has been $370.00 and the median has been $316.00.

As you would expect the median sales price to square foot prices are also well down…

In our last post for June / July the average sales price to square foot price for a Fort Lauderdale waterfront home was $423.00 and the median was$372.00.

% Sales Price to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale waterfront homes – we can do this by looking at the percentage of sales price to list price paid by buyers.

The market analysis report for this is presented below

 $$ SP$/LP$
Avg 87%
Med 93%

We can see from this report that the average sales price to list price for Fort Lauderdale homes is 87% – down from 90% in our March update

What is important to note however is the median sales price to list price at 93% – also down a little from 94% in our March Update!

This means if a Fort Lauderdale home for sale is listed at $1 Million – then based on median sales data the home would sell for 93% of that amount or $930,000.

Days on Market

Days on market for Fort Lauderdale waterfront homes for Sale is an important indicator on how our real estate market is preforming.

Here is the market analysis report for Days on Market based on home sales over the last 90 days

 $$ Days on Market
Avg 125
Med 65

We can see from this report that the average days on market for a Fort Lauderdale Waterfront Home for Sale is 125 days

More importantly is the median days on market at 65 days – this is down from 79 days in March 2015.

65 days or just over 2 months is a very postive real estate indicator and reflects strong demand for Fort Lauderdale Waterfront Homes for Sale – waterfront homes in and around the median price range!

Days on market is the time from when the home was listed for sale till the home sold AND closed.

I hope you have enjoyed my post on Fort Lauderdale Waterfront Homes for Sale

Kevin Wirth Realtor – 954-459-0337

Kevin Wirth Realtor

Read Our Earlier Posts

Fort Lauderdale Neighborhoods

Fort Lauderdale like any city is broken down into neigbourhoods.

Here is a list of some of our cities most popular neighborhoods for waterfront homes.

Each links to information on Fort Lauderdale homes and waterfront in each of these neighborhoods – and gives good insight including waterfront homes for sale and recent waterfront homes sales data.

Fort Lauderdale Waterfront Neighborhoods
Bal Harbour / Lauderdale Isles
Bay Colony
Bermuda Riviera
BeverlyHeights/ColeeHammock
Coral Ridge Country Club
Coral Ridge
Coral Ridge Isles
Dolphin Isles
Harbor Beach
Imperial Point
Las Olas Isles / Isles
Lauderdale Harbours
Rio Vista
River Oaks
Riverside Park
Sailboat Bend
The Landings
Victoria Park

Luxury Homes for Sale

Fort Lauderdale
Luxury Homes for Sale

Search Luxury Homes for Sale

Fort Lauderdale as The Venice of America offers a great range of luxury homes for sale and luxury waterfront homes for sale – our warm weather and beautiful beaches attract luxury homes buyers from all over the world. 

Key Statistics for Buyers / Sellers

  • Prices to $32 Million

Median

  • List Price $1,490,000
    – Waterfront $2,997,000
    – Non-Waterfront $1,495,000
  • Sales Price $1,400,000
  • Sales to List Price 92%
  • Days on Market 94 Days
  • 22 Months Supply of Luxury Homes for Sale

Fort Lauderdale’s warm weather, beautiful “Blue Ribbon” Beaches and all the vibrant entertainment options give Fort Lauderdale home owners access to a wonderful lifestyle.

Luxury Fort Lauderdale home for Sale
Luxury Fort Lauderdale home for Sale

 

Luxury Homes
Market Analaysis

This month there are 492 Luxury Fort Lauderdale Homes for Sale

This is down from 525 luxury Fort Lauderdale homes for sale in our March 2015 update.

The market analysis report for these homes is presented below

 $$ Beds/Baths SF/FF List Price
High 10/13 17,812 $32 Million
Low 0 / 1 1,121 $500,000
Avg 4 / 4 4,003 $2,570,761
Med 4 / 3 3,230 $1,490,000

We can see that the median price for a Fort Lauderdale luxury home for sale is $1,490,000this being for a 4 bedroom 3 bathroom home of 3230 square feet.

Important to note is that the median price for a Fort Lauderdale luxury home for sale is up from March is up by $40,000 – having slipped a little in June / July.

  • In our June / July update the median price for a Fort Lauderdale luxury home for sale was $1,325,000 – this being for a 4 bedroom 3 bathroom home of 3150 square feet.
  • In our March / April update the median price for a Fort Lauderdale luxury home for sale was $1,350,000 – this being for a 4 bedroom 3 bathroom home of 3100 square feet.

The most expensive home is listed for sale for $32 Million – this being for a luxury Fort Lauderdale waterfront home.

This home is in exclusive Harbor Beach and the home is a waterfront estate that sits on 3 lots with 300 feet of linear waterfront

Greater Fort Lauderdale
Luxury Homes

The number of Fort Lauderdale Homes for Sale increases even more if we look at what is known as “Greater” Fort Lauderdale.

Greater Fort Lauderdale Homes for sale includes homes for sale in both Fort Lauderdale and cities like: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

Luxury Fort Lauderdale waterfront home for sale
Luxury Fort Lauderdale waterfront home for sale

 

Luxury Homes
Price Analaysis

Here is the breakdown of Fort Lauderdale Luxury homes for sale by price – includes both waterfront and non-waterfront homes.

Price Range Quantity
$500,000 – $549,999 27
$550,000 – $599,999 29
$600,000 – $699,999 37
$700,000 – $799,999 36
$800,000 – $899,999 30
$900,000 – $999,999 17
$1,000,000 or over 316
Total 492

We can see from this report the number of Fort Lauderdale luxury homes for sale in each of the above price ranges.

While it is encouraging to note that we have a good  inventory of homes for sale across all price points / price ranges. 

It is important to note that the largest concentration of Fort Laudrdale luxury homes for sale are homes priced at $1 Million or more – with 316 homes currently for sale in this price range.

These 316 million dollar plus luxury Fort Lauderdale homes equate to 64% of all luxury homes for sale!

Pool views luxury Fort Lauderdale home for sale
Pool views luxury Fort Lauderdale home for sale

 

Luxury Waterfront
& Non Waterfront Homes

If we look at Fort Lauderdale Homes for Sale – and in particular at Luxury Homes Priced at $1 Million or more – we will see a significant difference in pricing between Luxury Waterfront Homes for Sale and Luxury Non Waterfront Homes for Sale.

Our market summary report for Fort Lauderdale luxury homes for sale priced at $1 Million or More below outlines this:

 Median Beds/Baths SF/FF List Price
ALL 4 / 4 4,497 $2,595,000
W/Front 5 / 4 4,786 $2,997,000
NonW/F 4 / 4 3,850 $1,495,000

We can see from this report that the median price for:

  • ALL Fort Lauderdale luxury homes for sale in this price range is $2,595,000 – this being for a 4 bedroom 4 bathroom home of 4497 square feet.
  • Fort Lauderdale Luxury Waterfront homes for sale in this price range is $2,997,000 – this being for a 5 bedroom 4 bathroom home of 4786 square feet.
  • Fort Lauderdale Luxury Non-Waterfront homes for sale in this price range is $1,495,000 – this being for a 4 bedroom 4 bathroom home of 3850 square feet.

It is important to note is the difference between the median for a Fort Lauderdale Luxury Waterfront Home for sale at $2,997,000 and the median for a Fort Lauderdale Luxury Non Waterfront Home for Sale at $1,495,000 – the difference is over $1,5 Million!

Square Foot Prices

Here is our square foot summary report for Fort Lauderdale Luxury Waterfront Homes for Sale and Non Waterfront Homes for Sale.

 Median LP$/SqFt
ALL $646
W/Front $685
NonW/F $411

We can see from this report that the median square foot price for:

  • ALL Fort Lauderdale luxury homes for sale is $646.00 – up from $631.00 in our last post!
  • Fort Lauderdale Luxury Waterfront homes is $685.00 – up from $676.00 in our last post!
  • Fort Lauderdale Luxury Non-Waterfront homes is $411.00 – down slightly from $414.00 in our last post!

Again it is important to note is the difference between the median square foot price for a Fort Lauderdale Luxury Waterfront  at $685.00 and the median for a Fort Lauderdale Luxury Non Waterfront Home at $411.00 – the difference is $274.00 per square foot!

Luxury Fort Lauderdale waterfront home recently sold
Luxury Fort Lauderdale waterfront home recently sold

 

Fort Lauderdale
Luxury Home Prices

Here is our pricing guide for Fort Lauderdale luxury homes based on sales of homes over $1 Million over the last 90 Days / 3 months – this is for both waterfront and non-waterfront homes.

$$  Beds/Baths SF/FF Sale Price
High 8 / 8 11,142 $7,000,000
Low 2 / 2 1,239 $855,000
Avg 4 / 4 3,794 $1,870,064
Med 4 / 3 3,288 $1,400,000


We can see that the median price for Fort Lauderdale luxury homes sold over the last 3 months has been $1,400,000
 – this being based on a 4 bedroom 3 bathroom unit of 3288 sq ft.

It is very important to note is that median sales prices for Luxury Fort Lauderdale homes are down by almost $290,000 or 17% from March 2015!

  • In our last update for June / July 2015 the median price for Fort Lauderdale luxury homes sold over the preceding 3 months was $1,392,000 – this being based on a 4 bedroom 3 bathroom unit of 3299 sq ft.
  • In our last update for March 2015  the median price for Fort Lauderdale luxury homes sold over the preceding 3 months was $1,689,000this being based on a 4 bedroom 4 bathroom unit of 3837 sq ft.

Square Foot Prices

Here is the market analysis report for sales price to square foot prices for Fort Lauderdale luxury homes sold over the last 3 months.

$$  SP$/SqFt
High $898
Low $220
Avg $499
Med $476

We can see from this report that the average sales price to square foot price has been $499.00 and the median has been $476.00

In our last post for June / July the average sales price to square foot price was $513.00 and the median was $470.00

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale Luxury homes – based on the percentage of sales price to list price paid by buyers.

The market analysis report for luxury homes over $1 Millon is presented below

$$  SP$/LP$
Avg 84%
Med 92%

We can see from this report that the average sales price to list price for Fort Lauderdale luxury homes is 84% – well down from 89% as per our update for March 2015!

Important to note is the median sales price to list price at 92% – up from our last up date in March when it was 90%

This means if a Fort Lauderdale home for sale is listed at $2 Million – then based on median sales data the home would sell for 92% of that amount or $1,840,000 – based on MLS Data

Days on Market

Days on market for Fort Lauderdale Luxury homes for Sale is an important indicator on how our real estate market is preforming.

Here is the market analysis report for Days on Market based on home sales over the last 90 days

$$  Days on Market
Avg 173
Med 94

We can see from this report that the average days on market for a Fort Lauderdale Luxury Home for Sale is 173 days – down slightly from 184 days in March 2015.

More importantly is the median days on market at just 94 days or just over 3 months – this is down from 117 days in March 2015.

This is fast and shows how strong demand for Fort Lauderdale Luxury Homes for Sale is!

Days on Market is the time from when the home was listed for sale till the home sold AND closed.

Months of Supply

Another market indicator is months of supply or how long would all the luxury Fort Lauderdale homes currently on the market take to sell based on current sales.

Our summary chart for months of supply luxury Fort Lauderdale homes for sale is presented below.

 Mths Supply #
Homes for Sale 492
Sold last 90 Days 65
Months Supply 7.5

There are currently 495 luxury Fort Lauderdale homes for sale – and 65 luxury homes have sold over the last 3 months.

This equates to approx 22 luxury home sales per month.

With 492 luxury homes for sale and given 22 luxury homes sale per month the months of supply is 22 months (492 / 22 = 22 months)

In our last post for June / July the months of supply for luxury Fort Lauderdale homes was 16.5 months (495 / 30 = 16.5 months)

I hope you have enjoyed my post on Fort Lauderdale Luxury Homes for Sale

Kevin Wirth Realtor – 954-459-0337

Kevin Wirth Realtor

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