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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

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