Category Archives: New Construction Homes

New Construction Homes

Fort Lauderdale
New Construction Homes

Welcome to our September / October 2016 post on Fort Lauderdale new construction homes for sale…

Search New Construction Homes for Sale

From new construction single family homes under to new construction waterfront and luxury waterfront homes priced from $2 Million or more – you will be impressed at the range of homes for sale in our new construction market.

Key Statistics for Buyers / Sellers

  • Prices from under $300,000 to $32 Million

Median Prices

  • List Price $3,695,000
    – List Price Waterfront Homes $5,100,000

    – List Price Non-Waterfront Homes $1,074,500
  • Sales Price last 90 Days $865,000
    – Waterfront Homes $1,207,020
    – Non-Waterfront Homes $642,500
  • Sales to List Price 102%
  • Days on Market 139 Days

With Fort Lauderdale’s warm weather, beautiful “Blue Ribbon” Beaches and all the vibrant entertainment options – its no wonder we have some of the finest new construction homes for sale in Florida. 

Artists rendering of a contemporary Fort Lauderdale new construction home for sale
Artists rendering of a contemporary Fort Lauderdale new construction home for sale

New Construction Homes
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
3 / 3 3,287 $775,000 $316
4 / 4 3,623 $1,399,000 $465
5 / 5 7,148 $4,895,000 $798

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

  • 3 Bedroom New Construction Homes for sale is $775,000– this being for a 3 bedroom 3 bathroom home of 3287 square feet with a list price to square foot price of $316.00  This is up ever so slightly from our last post when the median was $774,900- this being for a larger 3 bedroom 2 bathroom home of 3491 square feet with a list price to square foot price of $320.00
  • 4 Bedroom Luxury New Construction Homes for sale is $1,399,000  this being for a 4 bedroom 4 bathroom home of 3623 square feet with a list price to square foot price of $465.00 – this is up almost $100,000 from our last post when the median was $1,292,000 – this being for a larger 4 bedroom 4 bathroom home of 4554 square feet with a list price to square foot price of $403.00
  • 5 Bedroom  Luxury New Construction Homes for sale is $4,895,000  this being for a 5 bedroom 5 bathroom home of 7148 square feet with a list price to square foot price of $798.00 – this is up $95,000 from our last post when the median was $4,800,000 – this being for a smaller 5 bedroom 5 bathroom home of 6914 square feet with a list price to square foot price of $790.00
Artists rendering Fort Lauderdale luxury new construction home for sale
Artists rendering Fort Lauderdale luxury new construction home for sale

New Construction Homes
Market Analaysis

This month there are 85 x New Construction Fort Lauderdale Homes for Sale – as per the MLS!

This is up ever so slightly from 73 new construction homes for sale as in our last post for July / August 2016

As one of our companies top Fort Lauderdale Realtors I can tell you there is probably twice this amount if you include homes in the planning and pre-construction stage.

There are 306 new construction homes for sale as listed in the MLS if we look at Greater Fort Lauderdale – this is up from 289 new construction homes for sale in our last post

The market analysis report for the 85 x Fort Lauderdale new construction homes for sale is presented below:

 $$ Beds/Baths SF/FF List Price
High 7 / 9 17,876 $32,000,000
Low 3 / 2 1,500 $229,900
Avg 5 / 5 6,993 $4,254,741
Med 5 / 5 6,438 $3,695,000

We can see that the median price for a Fort Lauderdale new construction home for sale is $3,695,000this being for a 5 bedroom 5 bathroom luxury home of 6438 square feet.

It is important to note that median prices are on the rise…up by $800,000 since our last post!

In our last post in the median price for a Fort Lauderdale new construction home for sale was $2,895,000 – this being for a 5 bedroom 5 bathroom luxury home of 6272 square feet.

New Construction
Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes for sale.

 $$ LP$/SqFt
High $2,009
Low $148
Avg $686
Med $637

We can see from this report that the median square foot price for a Fort Lauderdale new construction home is $637.00 per square foot. 

It is important to note that despite median prices rising, median square foot prices for new construction homes have actually softened.

In our last update for July / August the median square foot price for a Fort Lauderdale new construction home was $646.00 – per square foot.

Note: the highest square foot price for a luxury new construction home at $2,009.00 per square foot.

Greater Fort Lauderdale
Homes for Sale

The number of New Consdtruction 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 including: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

New Construction Homes
Price Analaysis

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

Price Range Quantity
Under $549,999 4
$550,000 – $599,999 1
$600,000 – $699,999 3
$700,000 – $799,999 8
$800,000 – $899,999 1
$900,000 – $999,999 0
$1,000,000 or over 68
Total 85

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

It is encouraging to note that we have a spread of inventory of new construction  homes for sale.

What is important to note however is that 68 of the 85 new construction homes (80% of all homes) are luxury Fort Lauderdale homes for sale priced at $1 Million or more.

This is up from 57 new construction homes for sale price at $1 Million or more as per our last post!

Aerial view luxury Fort Lauderdale new construction home for sale in Coral Ridge
Aerial view luxury Fort Lauderdale new construction home for sale in Coral Ridge

New Construction
Waterfront Homes

Fort Lauderdale offers a great range of new construction waterfront homes for sale.

Here is the market analysis report for the 49 x Fort Lauderdale new construction waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 7 / 9 17,876 $32,000,000
Low 3 / 3 3,154 $1,285,000
Avg 5 / 6 8,989 $6,521,478
Med 5 / 6 8,233 $5,100,000

We can see that the median price for a Fort Lauderdale waterfront home for sale is $5,100,000this being for a 5 bedroom 6 bathroom home of 8233 square feet – up from our last post!

In our post for July / August 2016 the median price for a Fort Lauderdale waterfront home for sale was $4,997,500 – this being for a 5 bedroom 6 bathroom home of 8402 square feet

New Construction
Non-Waterfront Homes

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

Here is the market analysis report for the 36 x New Construction Fort Lauderdale non-waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 6 / 5 7,368 $2,795,000
Low 3 / 2 1,500 $229,900
Avg 4 / 3 4,038 $1,169,459
Med 4 / 3 3,600 $1,074,500

We can see that the median price for a New Construction Fort Lauderdale non-waterfront home for sale is $1,074,500this being for a 4 bedroom 3 bathroom home of 3646 square feet.

In our last post for July / August 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $1,049,000 – this being for a 4 bedroom 3 bathroom home of 3646 square feet.

View of the most expensive waterfront home sold here in Fort Lauderdale over the last 90 days
The most expensive new construction waterfront home recently sold here in Fort Lauderdale

Fort Lauderdale Homes
New Construction Prices

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

$$  Beds/Baths SF/FF Sale Price
High 7 / 8 18,897 $7,650,000
Avg 4/ 4 5,399 $1,296,581
Med 4 / 3 4,963 $865,000

We can see the median sales price for new construction homes sold in Fort Lauderdale over the last 3 months has been $865,000 – this being based on a 3 bedroom 3 bathroom unit of 4963 square feet.

In our last post for July / August 2016 the median price for new construction homes sold over the preceding 3 months was also $865,000 – this being based on a slightly larger 3 bedroom 3 bathroom unit of 5109 square feet.

Waterfront Sales vs
Non Waterfront Sales

There have been 63 sales of new construction homes here in Fort Lauderdale over the last 90 days.

Of these 63 sales, 25 have been for waterfront homes and 38 sales have been for non-waterfront homes.

Our market summary report for these sales is presented below.

Median  Beds/Baths SF/FF Sale Price
W/Front 5 / 5 5,894 $1,207,020
NonW/F 4 / 3 3,575 $642,500

We can see from this report that the median sales data for both waterfront and non-waterfront sales.

  • For the 25 waterfront new construction home sales over the last 90 days the median sales price has been $1,207,020this being for a 5 bedroom 5 bathroom 5894 square foot home.
  • For the 38 non-waterfront new construction home sales over the last 90 days the median sales price has been $642,500this being for a 4 bedroom 2 bathroom 3575 square foot home.

Square Foot Prices

Here is our square foot summary report for ALL Fort Lauderdale new construction homes sold in the last 90 days

$$  SP$/SqFt
High $872
Avg $305
Med $243

We can see from this report that the average square foot price for a Fort Lauderdale new construction home sold in the last 90 days has been $243.00 per square foot.

Again it is important to note the difference in square foot price between waterfront and non-waterfront home sales.

  • The median sales price to square foot price for waterfront home sales over the last 90 days has been $319.00 per square foot 
  • The median sales price to square foot price for non-waterfront home sales over the last 90 days has been $230.00 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 new construction 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 93%
Med 102%

We can see from this report that the average sales price to list price for Fort Lauderdale new construction homes is 93%.

What is important to note however is the median sales price to list price at 102% –  which is up from 94% in our last post!

This means if a Fort Lauderdale new construction home for sale is listed at $700,000 – then based on median sales data the home could be expected to sell for 102% of that amount or $714,000 – based on median MLS data.

Sales above list price reflects very strong demand for Fort Lauderdale new construction homes around the median sales price!

Days on Market

Days on market for Fort Lauderdale new construction 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 165
Med 139

We can see from this report that the average days on market for a Fort Lauderdale New Construction Home for Sale is 165 days – down  from 165 days in our last post!

More importantly is the median days on market at 139 days – which is the same as in our last post!

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 New Construction Homes for Sale

Kevin Wirth Realtor – 954-459-0337

Kevin Wirth Realtor

Read Our Earlier Posts

New Construction Homes

Fort Lauderdale
New Construction Homes

Welcome to our July / August 2016 post on Fort Lauderdale new construction homes for sale…

Search New Construction Homes for Sale

From new construction single family homes under to new construction waterfront and luxury waterfront homes priced from $2 Million or more – you will be impressed at the range of homes for sale in our new construction market.

Key Statistics for Buyers / Sellers

  • Prices from under $220,000 to $32 Million

Median Prices

  • List Price $2,895,000
    – List Price Waterfront Homes $4,997,500

    – List Price Non-Waterfront Homes $1,049,000
  • Sales Price last 90 Days $865,000
    – Waterfront Homes $3,275,000
    – Non-Waterfront Homes $462,500
  • Sales to List Price 94%
  • Days on Market 139 Days

With Fort Lauderdale’s warm weather, beautiful “Blue Ribbon” Beaches and all the vibrant entertainment options – its no wonder we have some of the finest new construction homes for sale in Florida. 

Artists rendering of a new construction waterfront home for sale in Fort Lauderdale
Artists rendering of a new construction waterfront home for sale in Fort Lauderdale

New Construction Homes
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
3 / 3 3,491 $774,900 $320
4 / 3 4,554 $1,292,000 $440
5 / 5 6,914 $4,800,000 $790

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

  • 3 Bedroom New Construction Homes for sale is $774,900– this being for a 3 bedroom 2 bathroom home of 3491 square feet with a list price to square foot price of $320.00  This is up from our last post when the median was 684,990 – this being for a smaller 3 bedroom 2 bathroom home of 2250 square feet with a list price to square foot price of $302.00
  • 4 Bedroom Luxury New Construction Homes for sale is $1,292,000  this being for a 4 bedroom 4 bathroom home of 4554 square feet with a list price to square foot price of $403.00 – this is down ever so slightly from our last post when the median was $1,299,000 – this being again for a smaller 4 bedroom 4 bathroom home of 3458 square feet with a list price to square foot price of $403.00
  • 5 Bedroom  Luxury New Construction Homes for sale is $4,800,000  this being for a 5 bedroom 5 bathroom home of 6914 square feet with a list price to square foot price of $790.00 – this is up from our last post when the median was $3,900,000 – this being for a smaller 5 bedroom 5 bathroom home of 5250 square feet with a list price to square foot price of $795.00
View of the most expensive Fort Lauderdale new construction home for sale here in Las Olas
The most expensive Fort Lauderdale new construction home for sale

New Construction Homes
Market Analaysis

This month there are 73 x New Construction Fort Lauderdale Homes for Sale – as per the MLS!

This is up ever so slightly from 72 new construction homes for sale as in our last post for November/ December 2015, which in turn was up from 66 new construction homes in our prior report for August / September 2015 which in turn was up from 57 new construction homes for sale as in our last update for June / July 2015.

As one of our companies top Fort Lauderdale Realtors I can tell you there is probably twice this amount if you include homes in the planning and pre-construction stage.

There are 289 new construction homes for sale as listed in the MLS if we look at Greater Fort Lauderdale – up from 232 in our last post and 204 in our prior post which in turn was up from 188 in the post before!

The market analysis report for the 73 x Fort Lauderdale new construction homes for sale is presented below:

 $$ Beds/Baths SF/FF List Price
High 7 / 9 17,876 $32,000,000
Low 3 / 2 1,338 $219,900
Avg 5 / 5 7,041 $4,277,329
Med 5 / 5 6,272 $2,895,000

We can see that the median price for a Fort Lauderdale new construction home for sale is $2,895,000this being for a 5 bedroom 5 bathroom luxury home of 6272 square feet.

In our last post in the median price for a Fort Lauderdale new construction home for sale was $3,495,000 – this being for a 5 bedroom 5 bathroom luxury home of 4644 square feet.

It is important to note that the median price has softened, when the median price is for a larger home.

A home of 6272 square feet vs a home of 4644 square feet – a difference of over 1600 square feet!

New Construction
Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes for sale.

 $$ LP$/SqFt
High $2,009
Low $137
Avg $681
Med $646

We can see from this report that the median square foot price for a Fort Lauderdale new construction home is $646.00 per square foot. 

Again it is important to note that median square foot prices for new construction homes have also softened.

In our last update for November / December 2015 the median square foot price for a Fort Lauderdale new construction home was $676.00 – per square foot.

Note: the highest square foot price for a luxury new construction home at $2,009.00 per square foot.

Greater Fort Lauderdale
Homes for Sale

The number of New Consdtruction 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 including: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

View of a non-waterfront new construction home for sale here in Fort Lauderdale
View of a non-waterfront new construction home for sale here in Fort Lauderdale

New Construction Homes
Price Analaysis

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

Price Range Quantity
Under $549,999 5
$550,000 – $599,999 1
$600,000 – $699,999 2
$700,000 – $799,999 7
$800,000 – $899,999 1
$900,000 – $999,999 0
$1,000,000 or over 57
Total 73

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

It is encouraging to note that we have a spread of inventory of new construction  homes for sale.

What is important to note however is that 57 of the 73 new construction homes (nearly 80% of all homes) are luxury Fort Lauderdale homes for sale priced at $1 Million or more.

New Construction
Waterfront Homes

Fort Lauderdale offers a great range of new construction waterfront homes for sale.

Here is the market analysis report for the 40 x Fort Lauderdale new construction waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 7 / 9 17,876 $32,000,000
Low 3 / 3 4,000 $1,285,000
Avg 5 / 6 8,963 $6,850,511
Med 5 / 6 8,402 $4,997,500

We can see that the median price for a Fort Lauderdale waterfront home for sale is $4,997,500this being for a 5 bedroom 6 bathroom home of 8402 square feet – up from our last post!

In our post for November / December the median price for a Fort Lauderdale waterfront home for sale was $4,600,000 – this being for a 5 bedroom 6 bathroom home of 5953 square feet

Important to note is that while the median price for waterfront homes is up this month – so is the median square footage of the homes for sale.

Up from 5953 square feet to 8402 square feet – an increase of nearly 2450 square feet.

New Construction
Non-Waterfront Homes

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

Here is the market analysis report for the 33 x New Construction Fort Lauderdale non-waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 6 / 5 7,368 $2,895,000
Low 3 / 2 1,338 $219,900
Avg 4 / 3 4,071 $1,158,319
Med 4 / 3 3,646 $1,049,000

We can see that the median price for a New Construction Fort Lauderdale non-waterfront home for sale is $1,049,000this being for a 4 bedroom 3 bathroom home of 3646 square feet.

Important to note is that median prices for new construction non-waterfront homes for sale have been steadily rising…

Prices are now up by $310,000 or by over 40% since our post for March / April 2015. 

  • In our last post for November / December 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $889,000 – this being for a 4 bedroom 3 bathroom home of 2660 square feet.
  • In our prior post for August / September 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $799,000 – this being for a 4 bedroom 3 bathroom home of 2851 square feet.
  • In our earlier post for June / July 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $759,000 – this being for a 4 bedroom 3 bathroom home of 3094 square feet.
  • In our earlier post for March / April 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $739,000 – this being for a 4 bedroom 4 bathroom home of 2754 square feet.

Also important to note is that the size of non-waterfront new construction homes is also up – up from 2754 square feet to 3646 square feet an increase of nearly 900 square feet.

View from a new construction waterfront home recently sold here in Fort Lauderdale
View from a new construction waterfront home recently sold here in Fort Lauderdale

Fort Lauderdale Homes
New Construction Prices

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

 $$ Beds/Baths SF/FF Sale Price
High 6 / 7 8,660 $5,250,000
Avg 4 / 4 4,728 $1,500,727
Med 3 / 3 5,109 $865,000

We can see the median sales price for new construction homes sold in Fort Lauderdale over the last 3 months has been $865,000 – this being based on a 3 bedroom 3 bathroom unit of 5109 square feet.

In our last post for November / December 2015 the median price for new construction homes sold over the preceding 3 months was $2,775,000 – this being based on a 4 bedroom 5 bathroom unit of 4941 square feet.

Important to note is that the median price for new construction homes is well down from our last post – this is a direct reflection of the number of non-waterfront homes sales.

We discuss this in more detail below.

Waterfront Sales vs
Non Waterfront Sales

There have been 11 sales of new construction homes here in Fort Lauderdale over the last 90 days.

Of these 11 sales, 3 have been for waterfront homes and 7 sales have been for non-waterfront homes.

Our market summary report for these sales is presented below.

 Median Beds/Baths SF/FF Sale Price
W/Front 5 / 5 5,500 $3,275,000
NonW/F 3 / 2 3,099 $462,500

We can see from this report that the median sales data for both waterfront and non-waterfront sales.

  • For the 3 waterfront new construction home sales over the last 90 days the median sales price has been $3,275,000this being for a 5 bedroom 5 bathroom 5500 square foot home.
  • For the 7 non-waterfront new construction home sales over the last 90 days the median sales price has been $462,500this being for a 3 bedroom 2 bathroom 3099 square foot home.

Square Foot Prices

Here is our square foot summary report for ALL Fort Lauderdale new construction homes sold in the last 90 days

 $$ SP$/SqFt
High $744
Avg $364
Med $359

We can see from this report that the average square foot price for a Fort Lauderdale new construction home sold in the last 90 days has been $359.00 per square foot.

Again it is important to note the difference in square foot price between waterfront and non-waterfront home sales.

  • The median sales price to square foot price for waterfront home sales over the last 90 days has been $694.00 per square foot 
  • The median sales price to square foot price for non-waterfront home sales over the last 90 days has been $198.00 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 new construction 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 95%
Med 94%

We can see from this report that the average sales price to list price for Fort Lauderdale new construction homes is 95%.

What is important to note however is the median sales price to list price at 94% –  which is up from 93% in our last post!

This means if a Fort Lauderdale new construction home for sale is listed at $1 Million – then based on median sales data the home could be expected to sell for 94% of that amount or $940,000 – based on median MLS data.

Days on Market

Days on market for Fort Lauderdale new construction 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 210
Med 139

We can see from this report that the average days on market for a Fort Lauderdale New Construction Home for Sale is 210 days – up from 139 days in our last post!

More importantly is the median days on market at 139 days – which is down from 145 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.

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

Kevin Wirth Realtor

Read Our Earlier Posts

New Construction Homes

Fort Lauderdale
New Construction Homes

Search New Construction Homes for Sale

Fort Lauderdale offers a great range of new construction homes for sale…

From new construction single family homes under to new construction waterfront and luxury waterfront homes priced from $2 Million or more – you will be impressed at the range of homes for sale in our new construction market.

Key Statistics for Buyers / Sellers

  • Prices from under $200,000 to $19 Million plus

Median Prices

  • List Price $3,495,000
    – List Price Waterfront $4.6 Million

    – List Price Non-Waterfront $889,000
  • Sales Price last 90 Days $2,775,000
  • Sales to List Price 93%
  • Days on Market 145 Days

With Fort Lauderdale’s warm weather, beautiful “Blue Ribbon” Beaches and all the vibrant entertainment options – its no wonder we have some of the finest new construction homes for sale in Florida. 

New Construction Homes
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
3 / 3 2,250 $684,990 $302
4 / 4 3,458 $1,299,000 $403
5 / 5 5,250 $3,900,000 $795

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

  • 3 Bedroom New Construction Homes for sale is $684,990– this being for a 3 bedroom 2 bathroom home of 2250 square feet with a list price to square foot price of $302.00 – this is up from $669,990 is our last post!
  • 4 Bedroom Luxury New Construction Homes for sale is $1,299,000  this being for a 4 bedroom 4 bathroom home of 3458 square feet with a list price to square foot price of $403.00 – this is also up from our last post when the median was $1,250,000
  • 5 Bedroom  Luxury New Construction Homes for sale is $3,900,000  this being for a 5 bedroom 5 bathroom home of 5250 square feet with a list price to square foot price of $795.00 – this is down from our last post when the median was $4,600,000
View luxury Fort Lauderdale new construction home for sale
View luxury Fort Lauderdale new construction home for sale

New Construction Homes
Market Analaysis

This month there are 72 x New Construction Fort Lauderdale Homes for Sale – as per the MLS!

This is up from 66 New Construction homes in our last report August / September which in turn was up from 57 new construction homes for sale as in our last update for June / July 2015.

As one of our companies top Fort Lauderdale Realtors I can tell you there is probably twice this amount if you include homes in the planning and pre-construction stage.

There are 232 new construction homes for sale as listed in the MLS if we look at Greater Fort Lauderdale – up from 204 in our last post which was up from 188 in our prior post!

The market analysis report for Fort Lauderdale’s new construction homes for sale is presented below:

 $$ Beds/Baths SF/FF List Price
High 7 / 8 12,000 $19,995,000
Avg 5 / 5 4,854 $3,642,970
Med 5 / 5 4,644 $3,495,000


We can see that the median price for a Fort Lauderdale new construction home for sale is $3,495,000
this being for a 5 bedroom 5 bathroom luxury home of 4644 square feet.

In our earlier post in March 2015 the median price for a Fort Lauderdale new construction home for sale was $2,999,000 – this being for a 5 bedroom 5 bathroom luxury home of 4940 square feet.

New Construction
Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes for sale.

 $$ LP$/SqFt
High $1,841
Avg $827
Med $676

We can see from this report that the median square foot price for a Fort Lauderdale new construction home is $676.00 per square foot. 

In our earlier update for March 2015 the median square foot price for a Fort Lauderdale new construction home was $613.00 – per square foot.

Note: the highest square foot price for a luxury new construction home at $1,841.00 per square foot.

Greater Fort Lauderdale
Homes for Sale

The number of New Consdtruction 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 including: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

View Fort Lauderdale new construction home pending sale
View Fort Lauderdale new construction home pending sale

New Construction Homes
Price Analaysis

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

Price Range Quantity
Less than $600,000 3
$600,000 – $699,999 6
$700,000 – $799,999 6
$800,000 – $899,999 1
$900,000 – $999,999 2
$1,000,000 or over 53
Total 72

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

It is encouraging to note that we have a spread of inventory of new construction  homes for sale.

What is important to note however is that 53 of the 72 new construction homes (nearly 74% of all homes) are luxury Fort Lauderdale homes for sale priced at $1 Million or more.

View luxury new construction waterfront home for sale in Las Olas Isles
View new construction waterfront home for sale in Las Olas Isles

 

New Construction
Waterfront Homes

Fort Lauderdale offers a great range of new construction waterfront homes for sale.

Here is the market analysis report for the 41 x Fort Lauderdale new construction waterfront homes for sale.

$$  Beds/Baths SF/FF List Price
High 7 / 8 12,000 $19,995,000
Low 3 / 3 2,924 $789,000
Avg 5 / 6 6,107 $5,453,244
Med 5 / 5 5,953 $4,600,000

We can see that the median price for a Fort Lauderdale waterfront home for sale is $4,600,000this being for a 5 bedroom 6 bathroom home of 5953 square feet – down from our last post!

In our post for August / September the median price for a Fort Lauderdale waterfront home for sale was $4,895,000 – this being for a 5 bedroom 6 bathroom home of 6140 square feet.

View luxury non-waterfront new construction home for sale in Coral Ridge
View luxury non-waterfront new construction home for sale in Coral Ridge

New Construction
Non-Waterfront Homes

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

Here is the market analysis report for the 31 x New Construction Fort Lauderdale non-waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 6 / 6 5,913 $3,300,000
Low 3 / 2 1,323 $220,000
Avg 4 / 3 3,091 $1,248,737
Med 4 / 3 2,660 $889,000

We can see that the median price for a New Construction Fort Lauderdale non-waterfront home for sale is $889,000this being for a 4 bedroom 3 bathroom home of 2660 square feet.

Important to note is that median prices for new construction non-waterfront homes for sale have been steadily rising…

Prices are now up by $150,000 or by 20% since our post for March / April 2015. 

  • In our last post for August / September 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $799,000 – this being for a 4 bedroom 3 bathroom home of 2851 square feet.
  • In our earlier post for June / July 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $759,000 – this being for a 4 bedroom 3 bathroom home of 3094 square feet.
  • In our earlier post for March / April 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $739,000 – this being for a 4 bedroom 4 bathroom home of 2754 square feet.

Also important to note the difference between the median for all Fort Lauderdale new construction waterfront homes for sale and non-waterfront homes for sale  – a difference of well over $3 Million!

View new construction home recently sold Las Olas Isles Fort Lauderdale
View new construction home recently sold Las Olas Isles

Fort Lauderdale Homes
New Construction Prices

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

$$  Beds/Baths SF/FF Sale Price
High 5 / 7 6,050 $6,200,000
Low 3 / 2 1,600 $219,000
Avg 4 / 4 4,164 $2,893,800
Med 4 / 5 4,941 $2,775,000

We can see the median sales price for new construction homes sold in Fort Lauderdale over the last 3 months has been $2,775,000 – this being based on a 4 bedroom 5 bathroom unit of 4941 square feet.

Note the median price for new construction homes sold over the last 3 months is well up from our earlier posts!

  • In our last post for August / September 2015 the median price for new construction homes sold over the preceding 3 months was $1,487,500 – this being based on a 4 bedroom 3 bathroom unit of 3351 square feet.
  • In our last post for June / July 2015 the median price for new construction homes sold over the preceding 3 months was $1,411,750 – this being based on a 4 bedroom 3 bathroom unit of 3758 square feet.
  • In our earlier post for March / April 2015 the median price for new construction homes sold over the preceding 3 months was $1,695,000 – this being based on a 5 bedroom 4 bathroom unit of 3894 square feet.

Also note that the most expensive new construction home sold in the last 90 days sold for $6.2 Million

Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes sold in the last 90 days

$$  SP$/SqFt
High $1,255
Low $137
Avg $576
Med $521

We can see from this report that the average square foot price for a Fort Lauderdale new construction home sold in the last 90 days has been $576.00 per square foot.

The median sales price to square foot price for sale over the last 90 days has been $521.00 per square foot – up from $305.00 in our last update for August / September! 

 

% Sales to List Price

An important real estate indicators that is important to note is how much  buyers are paying for Fort Lauderdale new construction 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 93%

We can see from this report that the average sales price to list price for Fort Lauderdale new construction homes is 94%.

What is important to note however is the median sales price to list price at 93% –  which is down from 96% in our last post!

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

Days on Market

Days on market for Fort Lauderdale new construction 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 139
Med 145

We can see from this report that the average days on market for a Fort Lauderdale New Construction Home for Sale is 139 days – down from 172 days in our last post!

More importantly is the median days on market at 145 days – which is up from 92 days in March.  

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

Read Our Earlier Posts

New Construction Homes

Fort Lauderdale
New Construction Homes

Search New Construction Homes for Sale

Fort Lauderdale offers a great range of new construction homes for sale…

From new construction single family homes under to new construction waterfront and luxury waterfront homes priced from $2 Million or more – you will be impressed at the range of homes for sale in our new construction market.

Key Statistics for Buyers / Sellers

  • Prices from under $200,000 into the Millions

Median Prices

  • List Price $3,495,000
    – List Price Waterfront $4,895,000

    – List Price Non-Waterfront $799,000
  • Sales Price last 90 Days $1,487,500
  • Sales to List Price 96%
  • Days on Market 92 Days

With Fort Lauderdale’s warm weather, beautiful “Blue Ribbon” Beaches and all the vibrant entertainment options – its no wonder we have some of the finest new construction homes for sale in Florida. 

New Construction Homes
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
3 / 2 2,121 $669,990 $258
4 / 3 3,100 $1,250,000 $396
5 / 5 5,850 $4,600,000 $782

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

  • 3 Bedroom New Construction Homes for sale is $669,990– this being for a 3 bedroom 2 bathroom home of 2121 square feet with a list price to square foot price of $258.00
  • 4 Bedroom Luxury New Construction Homes for sale is $1,250,000  this being for a 4 bedroom 3 bathroom home of 3100 square feet with a list price to square foot price of $396.00
  • 5 Bedroom  Luxury New Construction Homes for sale is $4,600,000  this being for a 5 bedroom 5 bathroom home of 5850 square feet with a list price to square foot price of $782.00
View Fort Lauderdale new construction beach home for sale
View Fort Lauderdale new construction beach home for sale

 

New Construction Homes
Market Analaysis

This month there are 66 x New Construction Fort Lauderdale Homes for Sale – as per the MLS.00

This is up from 57 new construction homes for sale as in our last update for June / July 2015.

As one of our companies top Fort Lauderdale Realtors I can tell you there is probably twice this amount if you include homes in the planning and pre-construction stage.

There are 204 new construction homes for sale as listed in the MLS if we look at Greater Fort Lauderdale – up from 188 in our last post!

The market analysis report for Fort Lauderdale’s new construction homes for sale is presented below:

 $$ Beds/Baths SF/FF List Price
High 7 / 8 12,000 $19,995,000
Avg 5 / 5 4,931 $3,698,777
Med 5 / 5 4,794 $3,495,000


We can see that the median price for a Fort Lauderdale new construction home for sale is $3,495,000
this being for a 5 bedroom 5 bathroom luxury home of 4794 square feet.

In our earlier post in March 2015 the median price for a Fort Lauderdale new construction home for sale was $2,999,000 – this being for a 5 bedroom 5 bathroom luxury home of 4940 square feet.

New Construction
Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes for sale.

 $$ LP$/SqFt
High $1,841
Med $681

We can see from this report that the median square foot price for a Fort Lauderdale new construction home is $681.00 per square foot. 

In our earlier update for March 2015 the median square foot price for a Fort Lauderdale new construction home was $613.00 – per square foot.

Note: the highest square foot price for a luxury new construction home at $1,841.00 per square foot.

Greater Fort Lauderdale
Homes for Sale

The number of New Consdtruction 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 including: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

Greater Fort Lauderdale New Construction Homes

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

 

New Construction Homes
Price Analaysis

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

Price Range Quantity
Less than $600,000 6
$600,000 – $699,999 4
$700,000 – $799,999 6
$800,000 – $899,999 0
$900,000 – $999,999 1
$1,000,000 or over 49
Total 66

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

It is encouraging to note that we have a spread of inventory of new construction  homes for sale.

What is important to note however is that 49 of the 66 new construction homes (nearly 75% of all homes) are luxury Fort Lauderdale homes for sale priced at $1 Million or more.

Views of the most expensive Fort Lauderdale home sold in Coral Ridge in the last 6 months

New Construction
Waterfront Homes

Fort Lauderdale offers a great range of new construction waterfront homes for sale.

Here is the market analysis report for the 37 x Fort Lauderdale new construction waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 7 / 8 12,000 $19,995,000
Low 3 / 3 2,924 $1,275,000
Avg 5 / 6 6,229 $5,668,189
Med 5 / 6 6,140 $4,895,000

We can see that the median price for a Fort Lauderdale waterfront home for sale is $4,895,000this being for a 5 bedroom 6 bathroom home of 6140 square feet.

In our post for June / July the median price for a Fort Lauderdale waterfront home for sale was $4,945,000 – this being for a 5 bedroom 6 bathroom home of 5963 square feet.

 

New Construction
Non-Waterfront Homes

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

Here is the market analysis report for the 29 x New Construction Fort Lauderdale non-waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 6 / 6 5,913 $3,300,000
Avg 4 / 3 2,985 $1,186,078
Med 4 / 3 2,851 $799,000

We can see that the median price for a New Construction Fort Lauderdale non-waterfront home for sale is $799,000this being for a 4 bedroom 3 bathroom home of 2851 square feet.

  • In our last post for June / July 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $759,000 – this being for a 4 bedroom 3 bathroom home of 3094 square feet.
  • In our earlier post for March / April 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $739,000 – this being for a 4 bedroom 4 bathroom home of 2754 square feet.

It is important to note the difference between the median for all Fort Lauderdale new construction waterfront homes for sale and non-waterfront homes for sale 

View luxury new construction home sold in Fort Lauderdale
View luxury new construction home sold in Fort Lauderdale

 

Fort Lauderdale Homes
New Construction Prices

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

 $$ Beds/Baths SF/FF Sale Price
High 6 / 5 6,077 $5,000,000
Low 4 / 2 1,949 $175,000
Avg 4 / 3 3,514 $2,011,113
Med 4 / 3 3,351 $1,487,500

We can see that the median price for new construction homes sold in Fort Lauderdale over the last 3 months has been $1,487,500 – this being based on a 4 bedroom 3 bathroom unit of 3351 square feet.

  • In our last post for June / July 2015 the median price for new construction homes sold over the preceding 3 months was $1,411,750 – this being based on a 4 bedroom 3 bathroom unit of 3758 square feet.
  • In our earlier post for March / April 2015 the median price for new construction homes sold over the preceding 3 months was $1,695,000 – this being based on a 5 bedroom 4 bathroom unit of 3894 square feet.

The most expensive new construction home sold in the last 90 days sold for $5 Million

Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes sold in the last 90 days

 $$ SP$/SqFt
High $823
Avg $343
Med $305

We can see from this report that the average square foot price for a Fort Lauderdale new construction home sold in the last 90 days has been $343.00 per square foot.

The median sales price to square foot price for sale over the last 90 days has been $305.00 per square foot – down from $386.00 our last update for June / July! 

In our earlier update for March 2015 the average square foot price for a Fort Lauderdale new construction home sold in the preceding 90 days was $465.00 per square foot.

The median sales price to square foot price for sale over the preceding 90 days has been $407.00 – 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 new construction 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 83%
Med 96%

We can see from this report that the average sales price to list price for Fort Lauderdale new construction homes is 83% – well down from 92% in our March post

What is important to note however is the median sales price to list price at 96% –  which is up slightly from 95% in our March Post!

This means if a Fort Lauderdale new construction home for sale is listed at $1 Million – then based on median sales data the home would sell for 96% of that amount or $960,000 – based on MLS data.

Days on Market

Days on market for Fort Lauderdale new construction 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 172
Med 92

We can see from this report that the average days on market for a Fort Lauderdale New Construction Home for Sale is 172 days – up from 155 days in March.

More importantly is the median days on market at 92 days – which is down from 118 days in March.  

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

Read Our Earlier Posts

New Construction Homes

Fort Lauderdale
New Construction Homes

Search New Construction Homes for Sale

Fort Lauderdale offers a great range of new construction homes for sale…

From new construction single family homes under to new construction waterfront and luxury waterfront homes priced from $2 Million or more – you will be impressed at the range of homes for sale in our new construction market.

Key Statistics for Buyers / Sellers

  • Prices from under $200,000 into the Millions

Median Prices

  • List Price $3,495,000
    – List Price Waterfront $4,945,000

    – List Price Non-Waterfront $759,000
  • Sales Price last 90 Days $1,411,750
  • Sales to List Price 99%
  • Days on Market 45 Days

With Fort Lauderdale’s warm weather, beautiful “Blue Ribbon” Beaches and all the vibrant entertainment options – its no wonder we have some of the finest new construction homes for sale in Florida. 

New Construction Homes
Prices by Bedroom

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

Beds/Baths SF/FF List Price LP$/SqFt
3 / 2 1,600 $662,490 $144
4 / 3 3,220 $1,275,000 $412
5 / 5 5,620 $3,750,000 $757

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

  • 3 Bedroom New Construction Homes for sale is $662,490– this being for a 3 bedroom 2 bathroom home of 1600 square feet with a list price to square foot price of $144.00
  • 4 Bedroom Luxury New Construction Homes for sale is $1,275,000  this being for a 4 bedroom 3 bathroom home of 3220 square feet with a list price to square foot price of $412.00
  • 5 Bedroom  Luxury New Construction Homes for sale is $3,750,000  this being for a 5 bedroom 5 bathroom home of 5620 square feet with a list price to square foot price of $757.00

View new construction home for sale here in Rio Vista

New Construction Homes
Market Analaysis

This month there are 57 x New Construction Fort Lauderdale Homes for Sale – as per the MLS.

This is the same number of new construction homes for sale as in our last update in March 2015.

As one of our companies top Fort Lauderdale Realtors I can tell you there is probably twice this amount if you include homes in the planning and pre-construction stage.

There are 188 new construction homes for sale as listed in the MLS if we look at Greater Fort Lauderdale.

The market analysis report for Fort Lauderdale’s new construction homes for sale is presented below:

 $$ Beds/Baths SF/FF List Price
High 7 / 8 12,000 $13,500,000
Avg 5 / 5 4,977 $3,470,155
Med 5 / 5 5,000 $3,495,000


We can see that the median price for a Fort Lauderdale new construction home for sale is $3,495,000
this being for a 5 bedroom 5 bathroom luxury home of 5000 square feet.

In our last post in March 2015 the median price for a Fort Lauderdale new construction home for sale was $2,999,000 – this being for a 5 bedroom 5 bathroom luxury home of 4940 square feet.

The most expensive new construction home is listed for sale for $13,500,000.

This “Contemporary Spec” home should be completed by 2016 and enjoys a great location with 260 Feet of water frontage.

The home is located in Segamore Cove – an Exclusive Private 7 Home Enclave Community with gated entry.

New Construction
Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes for sale.

 $$ LP$/SqFt
High $1,125
Avg $605
Med $678

We can see from this report that the average square foot price for a Fort Lauderdale new construction home is $605.00 and the median is $678.00 – per square foot. 

In our last update for March 2015 the average square foot price for a Fort Lauderdale new construction home was $589.00 and the median was $613.00 – per square foot.

Note: the highest square foot price for a luxury new construction home at $1,112.00 per square foot.

Greater Fort Lauderdale
Homes for Sale

The number of New Consdtruction 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 including: Lauderdale by the Sea, Pompano, Oakland Park and Wilton Manors.

Greater Fort Lauderdale New Construction Homes

Views of the most expensive Fort Lauderdale home sold in Rio Vista in 2012

New Construction Homes
Price Analaysis

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

Price Range Quantity
$499,000 or under 4
$550,000 – $599,999 1
$600,000 – $699,999 4
$700,000 – $799,999 6
$1,000,000 or over 42
Total 57

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

It is encouraging to note that we have a spread of inventory of new construction  homes for sale.

What is important to note however is that 42 of the 57 new construction homes (over 70% of all homes) are luxury Fort Lauderdale homes for sale priced at $1 Million or more.

Views of the most expensive Fort Lauderdale home sold in Coral Ridge in the last 6 months

New Construction
Waterfront Homes

Fort Lauderdale offers a great range of new construction waterfront homes for sale.

Here is the market analysis report for Fort Lauderdale waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 7 / 8 12,000 $13,500,000
Low 4 / 3 2,924 $1,275,000
Avg 5 / 6 6,091 $5,230,531
Med 5 / 6 5,953 $4,945,000

We can see that the median price for a Fort Lauderdale waterfront home for sale is $4,945,000this being for a 5 bedroom 6 bathroom home of 5963 square feet.

This is the same as in our last post for March 2015

View of Colee Hammock waterfront home - new construction

New Construction
Non-Waterfront Homes

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

Here is the market analysis report for New Construction Fort Lauderdale non-waterfront homes for sale.

 $$ Beds/Baths SF/FF List Price
High 6 / 6 5,913 $3,750,000
Avg 4 / 3 3,143 $1,216,874
Med 4 / 3 3,094 $759,000

We can see that the median price for a New Construction Fort Lauderdale non-waterfront home for sale is $759,000this being for a 4 bedroom 3 bathroom home of 3094 square feet.

In our last post for March 2015 the median price for a New Construction Fort Lauderdale non-waterfront home for sale was $739,000 – this being for a 4 bedroom 4 bathroom home of 2754 square feet.

It is important to note the difference between the median for all Fort Lauderdale new construction waterfront homes for sale and non-waterfront homes for sale 

Fort Lauderdale Homes
New Construction Prices

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

 $$ Beds/Baths SF/FF Sale Price
High 6 / 7 7,439 $3,500,000
Avg 5 / 4 4,193 $1,516,417
Med 4 / 3 3,758 $1,411,750

We can see that the median price for new construction homes sold in Fort Lauderdale over the last 3 months has been $1,411,750 – this being based on a 4 bedroom 3 bathroom unit of 3758 square feet.

In our last post for March 2015 the median price for new construction homes sold over the preceding 3 months was $1,695,000 – this being based on a 5 bedroom 4 bathroom unit of 3894 square feet.

The most expensive new construction home sold in the last 90 days sold for $3,500,000.

View of the most expensive new construction home sold here in Fort Lauderdale
View of the most expensive new construction home sold

Most Expensive
New Construction

This luxury Fort Lauderdale home is a “fantastic” modern new construction waterfront home for sale on oversize lot on an extra wide canal.

Beds/Baths SF/FF Sale Price SP$/SqFt
6 / 7 7,439 $3,500,000 $470

The unique design and finishes make this a “one of a kind” home with a huge entertainment area, over-sized pool with many water features.

The property has a new 100′ dock and seawall with batter piles, a very big patio and terrace.   The Gazebo has a summer kitchen and the property is gated with electric gates.

This home had a sales price to square foot price of $470.00

This home sold for 90% of list price and had just 46 days on market.

Square Foot Prices

Here is our square foot summary report for Fort Lauderdale new construction homes sold in the last 90 days

 $$ SP$/SqFt
High $470
Avg $344
Med $386

We can see from this report that the average square foot price for a Fort Lauderdale new construction home sold in the last 90 days has been $344.00 per square foot.

The median sales price to square foot price for sale over the last 90 days has been $386.00 per square foot – down from our last update! 

In our last update for March 2015 the average square foot price for a Fort Lauderdale new construction home sold in the preceding 90 days was $465.00 per square foot.

The median sales price to square foot price for sale over the preceding 90 days has been $407.00 – 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 new construction 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 99%

We can see from this report that the average sales price to list price for Fort Lauderdale new construction homes is 94% – up from 92% in our March post

What is important to note however is the median sales price to list price at 99% –  which is well up from 95% in our March Post!

This means if a Fort Lauderdale new construction home for sale is listed at $800,000 – then based on median sales data the home would sell for 99% of that amount or $792,000 – based on MLS data.

Days on Market

Days on market for Fort Lauderdale new construction 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 85
Med 45

We can see from this report that the average days on market for a Fort Lauderdale New Construction Home for Sale is 85 days – well down from 155 days in March.

More importantly is the median days on market at 45 days – which is also well down from 118 days in March.  

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

Read Our Earlier Post

Fort Lauderdale New Construction Homes

New Construction Homes
Summary Market Analysis

There are currently 163  Fort Lauderdale new construction homes for sale – based on MLS Data.

63 of these new construction homes are priced under $1 Million dollars with a median price of $674,990

100 of the new construction homes for sale are priced over $1 Million dollars with a median price of $2,495,990

In this post we look at prices, prices per square foot, give a pricing guide showing new construction homes for sale by price point.

We also look at luxury new construction homes and luxury new construction waterfront homes

Continue reading Fort Lauderdale New Construction Homes

Fort Lauderdale New Construction Homes

New Construction Homes
Summary Market Analysis

 There are currently 110 x Fort Lauderdale new construction homes for sale – based on MLS Data.

46 of these new construction homes are priced under $1 Million dollars with a median price of $693,448

64 of the new construction homes for sale are priced over $1 Million dollars with a median price of $2,397,500

In this post we look at prices, prices per square foot, give a pricing guide showing new construction homes for sale by price point.

We also look at luxury new construction homes and luxury new construction waterfront homes

Continue reading Fort Lauderdale New Construction Homes