Views of a luxury Fort Lauderdale waterfront home on the Intracoastal

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 from $500,000 into the Millions

Median

  • List Price $1,325,000
    – Waterfront $2,995,000
    – Non-Waterfront $1,450,000
  • Sales Price $1,392,000
  • Sales to List Price 91%
  • Days on Market 95 Days
  • 16.5 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 of a luxury Fort Lauderdale home for sale here in Las Olas Isles

Luxury Homes
Market Analaysis

This month there are 495 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 1 / 2 1,121 $500,000
Avg 4 / 4 3,959 $2,472,802
Med 4 / 3 3,150 $1,325,000

We can see that the median price for a Fort Lauderdale luxury home for sale is $1,325,000this being for a 4 bedroom 3 bathroom home of 3150 square feet.

The median price for a luxury home for sale is down slightly from March 2015.

In our March 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.

Search Greater Fort Lauderdale Homes for Sale

View from Luxury Fort Lauderdale waterfront home here in Bay Colony

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 25
$550,000 – $599,999 41
$600,000 – $699,999 46
$700,000 – $799,999 33
$800,000 – $899,999 25
$900,000 – $999,999 18
$1,000,000 or over 307
Total 495

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 307 homes currently for sale in this price range.

View from a luxury Fort Lauderdale waterfront home for sale in The Landings

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 4,473 $2,495,000
W/F 5 / 4 4,778 $2,995,000
NonW/F 4 / 4 3,775 $1,450,000

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

  • ALL Fort Lauderdale luxury homes for sale in this price range is $2,495,000 – this being for a 4 bedroom 4 bathroom home of 4473 square feet.
  • Fort Lauderdale Luxury Waterfront homes for sale in this price range is $2,995,000 – this being for a 4 bedroom 4 bathroom home of 4778 square feet.
  • Fort Lauderdale Luxury Non-Waterfront homes for sale in this price range is $1,450,000 – this being for a 4 bedroom 4 bathroom home of 3775 square feet.

It is important to note is the difference between the median for a Fort Lauderdale Luxury Waterfront Home for sale at $2,995,000 and the median for a Fort Lauderdale Luxury Non Waterfront Home for Sale at $1,450,000 – the difference is a staggering $1,545,000!

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 $631
W/F $676
NonW/F $414

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

  • ALL Fort Lauderdale luxury homes for sale is $631.00
  • Fort Lauderdale Luxury Waterfront homes is $676.00
  • Fort Lauderdale Luxury Non-Waterfront homes is $414.00

Again it is important to note is the difference between the median square foot price for a Fort Lauderdale Luxury Waterfront  at $676.00 and the median for a Fort Lauderdale Luxury Non Waterfront Home at $414.00 – the difference is $262.00!

View of luxury Lauderdale Beach home for sale Fort Lauderdale

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 6 / 7 7,844 $7,090,000
Low 2 / 1 1,376 $800,000
Avg 4 / 4 3,560 $1,838,654
Med 4 / 3 3,299 $1,392,000


We can see that the median price for Fort Lauderdale luxury homes sold over the last 3 months has been $1,392,000
 – this being based on a 4 bedroom 3 bathroom unit of 3299 sq ft.

Important to note is that median sales prices are down by almost $300,000 from March 2015!

In our last update for March 2015  the median price for Fort Lauderdale luxury homes sold over the preceding 3 months was $1,689,000 – this 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 $1,954
Low $199
Avg $513
Med $470

We can see from this report that the average sales price to square foot price has been $513.00 and the median has been $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 89%
Med 91%

We can see from this report that the average sales price to list price for Fort Lauderdale luxury homes is 89% – the same as in our last update for March!

Important to note is the median sales price to list price at 91% – up slightly 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 91% of that amount or $1.82 Million – 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 136
Med 95

We can see from this report that the average days on market for a Fort Lauderdale Luxury Home for Sale is 136 days – down from 184 days in March 2015.

More importantly is the median days on market at just 95 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 #Beds
Homes for Sale 495
Sold last 90 Days 88
Months Supply 16.5

There are currently 495 luxury Fort Lauderdale homes for sale – and 88 luxury homes have sold over the last 3 months.

This equates to approx 30 luxury home sales per month.

With 495 luxury homes for sale and given 30 luxury homes sale per month the months of supply is 16.5 (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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