Category Archives: Luxury Homes for Sale

Luxury Homes for Sale

Fort Lauderdale
Luxury Homes for Sale

We have a great range of Fort Lauderdale luxury homes for sale and luxury waterfront homes for sale here in The Venice of America

Our lovely warm weather and beautiful ”Blue Ribbon” beaches combined with the Intracoastal and our many canals attract luxury homes buyers from all over the world. 

Search Luxury Homes for Sale

Key Statistics for Buyers / Sellers

  • Prices to $32 Million

Median

  • List Price $1,375,000
    – Waterfront $2,495,000
    – Non-Waterfront $799,900
  • Sales Price $835,000
    – Waterfront $1,112,500
    – Non-Waterfront $747,500
  • Sales to List Price 95%
  • Days on Market 106 Days
  • 11 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.

View luxury Fort Lauderdale new construction home for sale
View luxury Fort Lauderdale new construction home for sale

Luxury Homes
Market Analaysis

This month there are 556 Luxury Fort Lauderdale Homes for Sale

This is down slightly from the 568 Fort Lauderdale luxury homes for sale in our July / August 2016 update.

The market analysis report for these homes is presented below

 $$ Beds/Baths SF/FF List Price
High 10/13 22,967 $32,000,000
Low 2 / 1 1,328 $505,000
Avg 4 / 4 4,727 $2,513,801
Med 4 / 3 3,664 $1,375,000

We can see that the median price for a Fort Lauderdale luxury home for sale is $1375,000this being for a 4 bedroom 3 bathroom home of 3664 square feet.

In our July / August update the median price for a Fort Lauderdale luxury home for sale was $1,299,500 – this being for a 4 bedroom 3 bathroom home of 3693 square feet.

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

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.

View Fort Lauderdale luxury home for sale here on the Intracoastal
Evening view of a Fort Lauderdale luxury home for sale here on the Intracoastal

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 28
$550,000 – $599,999 41
$600,000 – $699,999 43
$700,000 – $799,999 45
$800,000 – $899,999 35
$900,000 – $999,999 23
$1,000,000 or over 341
Total 556

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 341 homes currently for sale in this price range.

These 341 million dollar plus luxury Fort Lauderdale homes equate to just over 61% of all luxury homes for sale!

View luxury Fort Lauderdale waterfront home for sale
View luxury Fort Lauderdale waterfront home for sale

Luxury Waterfront
& Non Waterfront Homes

If we look at Fort Lauderdale Homes for Sale 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 waterfront and non-waterfront homes for sale priced outlines this:

Median  Beds/Baths SF/FF List Price
ALL 4 / 3 3,664 $1,375,000
W/Front 4 / 4 5,084 $2,495,000
NonW/F 4 / 3 3,070 $799,900

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

  • ALL Fort Lauderdale luxury homes for sale in this price range is $1,375,000this being for a 4 bedroom 3 bathroom home of 3664 square feet with a list price to square foot price of $465.00
  • Fort Lauderdale Luxury Waterfront homes for sale is $2,495,000this being for a 4 bedroom 4 bathroom home of 5084 square feet with a list price to square foot price of $609.00
  • Fort Lauderdale Luxury Non-Waterfront homes for sale is $799,900this being for a 4 bedroom 3 bathroom home of 3070 square feet with a list price to square foot price of $350.00

It is important to note is the difference between the median for a Fort Lauderdale Luxury Waterfront Home for sale at $2,495,000 and the median for a Fort Lauderdale Luxury Non Waterfront Home for Sale at $799.900 – the difference is nearly $1,7 Million!

View luxury Fort Lauderdale waterfront home recently sold
View luxury Fort Lauderdale waterfront home recently sold

Fort Lauderdale
Luxury Home Prices

Here is our pricing guide for Fort Lauderdale luxury homes over the last 90 Days / 3 months – this is for both waterfront and non-waterfront homes.

 $$ Beds/Baths SF/FF Sale Price
High 7 / 8 13,429 $6,331,000
Low 2 / 2 1,473 $469,000
Avg 4 / 3 3,398 $1,171,592
Med 4 / 3 2,850 $835,000

We can see that the median price for Fort Lauderdale luxury homes sold over the last 3 months has been $835,500 – this being based on a 3 bedroom 3 bathroom unit of 2850 sq ft.

It is important to note that in our last post for July / August 2016 the median price for Fort Lauderdale luxury homes sold over the last 3 months was $57,000 higher at $892,500 – this being based on a 3 bedroom 3 bathroom unit of 2878 sq ft.

Also important to note is the most expensive luxury Fort Lauderdale home to sell over the last 90 days – this luxury home sold for $5,250,000 – this was a waterfront home sale!

Luxury Waterfront
& Non Waterfront Sales

If we look at luxury homes sales we 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 home sales for both waterfront and non-waterfront homes sold over the last 90 days is presented below:

 Median Beds/Baths SF/FF Sale Price
W/Front 4 / 3 3,046 $1,112,500
NonW/F 3 / 3 2,774 $747,500

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

  • Fort Lauderdale Luxury Waterfront homes sold over the last 90 days is $1,112,500 this being for a 4 bedroom 3 bathroom home of 3046 square feet.  It is important to note that in our last post the median for Fort Lauderdale Luxury Waterfront homes sold over the last 90 days was almost $250,000 higher at $1,360,000 – this being for a 4 bedroom 3 bathroom home of 3146 square feet.
  • Fort Lauderdale Luxury Non-Waterfront homes sold over the last 90 days is $747,500 – this being for a 3 bedroom 3 bathroom home of 2774 square feet.  Important to note is our last post the median for Fort Lauderdale Luxury Non-Waterfront homes sold over the last 90 days was almost $100,000 lower at $650,000 – this being for a 3 bedroom 3 bathroom home of 2806 square feet.

We can see from this data that there has been a softening of median sales price for Fort Lauderdale luxury waterfront homes on one hand, and on the other there has been an strengthening of median sales prices for Fort Lauderdale luxury non-waterfront homes!

Square Foot Prices

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

 $$ SP$/SqFt
High $960
Low $134
Avg $387
Med $351

We can see from this report that the average sales price to square foot price has been $394.00 per square foot and the median has been $355.00 per square foot.

In our last post the average sales price to square foot price has been $394.00 per square foot and the median has been $355.00 per square foot.

Again it is important to note the highest square foot price paid at $988.00 per square foot!

% 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 92%
Med 95%

We can see from this report that the average sales price to list price for Fort Lauderdale luxury homes is 92%  – the same as in our last post.

Important to note is the median sales price to list price at 95% – up from 94% in our last post which in turn was up  from 92% as in our prior post!

This means if a Fort Lauderdale home for sale is listed at $2 Million – then based on median sales data the home could be expected to sell for 95% of that amount or $1,900,000 – 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 156
Med 106

We can see from this report that the average days on market for a Fort Lauderdale Luxury Home for Sale is 156 days – up from 146 days in our last post!

More importantly is the median days on market at 106 days – which is up ever so slightly from 105 days in our last post!

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 556
Sold last 90 Days 150
Months Supply 11

There are currently 556 luxury Fort Lauderdale homes for sale – and 150 luxury homes have sold over the last 3 months.

This equates to 50 luxury home sales per month.

With 556 luxury homes for sale and given 50 luxury homes sale per month the months of supply is 11 months (556 / 50 = 11.12 months)this is the same as in our last post!

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

Kevin Wirth Realtor – 954-459-0337

Kevin Wirth Realtor

Read Our Earlier Posts

Lauderdale Harbours Homes

Lauderdale Harbours
Fort Lauderdale

In this post we look at Lauderdale Harbours homes for sale Lauderdale, Pending Sales as well as Recent Sales.

Homes for Sale in Lauderdale Harbours

We also give our pricing guide for homes in Lauderdale Harbours

Note: Lauderdale Harbours as per the City of Fort Lauderdale’s records is often also referenced as Lauderdale Harbors

Continue reading Lauderdale Harbours Homes