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 to $32 Million

Median

  • List Price $1,299,500
    – Waterfront $2,500,000
    – Non-Waterfront $825,000
  • Sales Price $892,500
    – Waterfront $1,360,000
    – Non-Waterfront $650,000
  • Sales to List Price 94%
  • Days on Market 105 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 of a luxury Fort Lauderdale waterfront home for sale
View of a luxury Fort Lauderdale waterfront home for sale

Luxury Homes
Market Analaysis

This month there are 568 Luxury Fort Lauderdale Homes for Sale

This is up from 525 luxury Fort Lauderdale homes for sale in our November / December 2015 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 $500,000
Avg 4 / 4 4,723 $2,450,977
Med 4 / 3 3,693 $1,299,500

We can see that the median price for a Fort Lauderdale luxury home for sale is $1,299,500this being for a 4 bedroom 3 bathroom home of 3693 square feet.

Important to note is the drop in median prices for Fort Lauderdale luxury homes for sale – down almost $300,000 from our last post!

In our November / December update the median price for a Fort Lauderdale luxury home for sale was $1,599,000 – this being for a smaller 4 bedroom 3 bathroom home of 3341 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.

Artists rendering of a luxury new construction waterfront Fort Lauderdale home for sale
Rendering of a luxury new construction waterfront Fort Lauderdale 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 20
$550,000 – $599,999 38
$600,000 – $699,999 50
$700,000 – $799,999 51
$800,000 – $899,999 35
$900,000 – $999,999 27
$1,000,000 or over 347
Total 568

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 347 homes currently for sale in this price range.

These 347 million dollar plus luxury Fort Lauderdale homes equate to 61% of all luxury homes for sale!

Luxury Fort Lauderdale home for sale in Coral Ridge Fort Lauderdale
Luxury Fort Lauderdale home for sale in Coral Ridge Fort Lauderdale

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 3,693 $1,299,500
W/Front 4 / 4 5,025 $2,500,000
NonW/F 4 / 3 2,955 $825,000

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

  • ALL Fort Lauderdale luxury homes for sale in this price range is $1,299,500this being for a 4 bedroom 3 bathroom home of 3693 square feet with a list price to square foot price of $471.00
  • Fort Lauderdale Luxury Waterfront homes for sale is $2,500,000this being for a 4 bedroom 4 bathroom home of 5025 square feet with a list price to square foot price of $608.00
  • Fort Lauderdale Luxury Non-Waterfront homes for sale is $825,000this being for a 4 bedroom 3 bathroom home of 2955 square feet with a list price to square foot price of $361.00

It is important to note is the difference between the median for a Fort Lauderdale Luxury Waterfront Home for sale at $2,500,000 and the median for a Fort Lauderdale Luxury Non Waterfront Home for Sale at $825.000 – the difference is over $1,6 Million!

View of a luxury new construction waterfront recently sold here in Fort Lauderdale
View of a luxury new construction waterfront recently sold here in Fort Lauderdale

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 10,636 $5,250,000
Low 2 / 1 1,382 $485,000
Avg 4 / 3 3,390 $1,218,000
Med 3 / 3 2,878 $892,500

We can see that the median price for Fort Lauderdale luxury homes sold over the last 3 months has been $892,500 – this being based on a 3 bedroom 3 bathroom unit of 2878 sq ft.

The most expensive luxury Fort Lauderdale home to sell over the last 90 days 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 3,146 $1,360,000
NonW/F 3 / 3 2,806 $650,000

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

  • Fort Lauderdale Luxury Waterfront homes sold over the last 90 days is $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 $650,000 – this being for a 3 bedroom 3 bathroom home of 2806 square feet.

Again notice the “Huge” differences in median sales prices…

With Fort Lauderdale waterfront homes selling for over twice the price as 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 $988
Low $145
Avg $394
Med $355

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.

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 94%

We can see from this report that the average sales price to list price for Fort Lauderdale luxury homes is 92%  – well up from 88% in our last post.

Important to note is the median sales price to list price at 94% – up from 92% as in our last 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 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 146
Med 105

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

More importantly is the median days on market at 105 days – which is also down from 133 days in our last post!

Decreasing Days on Market reflects solid demand for Fort Lauderdale Luxury Homes for Sale 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.

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 568
Sold last 90 Days 160
Months Supply 11

There are currently 568 luxury Fort Lauderdale homes for sale – and 160 luxury homes have sold over the last 3 months.

This equates to 53 luxury home sales per month.

With 568 luxury homes for sale and given 53 luxury homes sale per month the months of supply is 11 months (568 / 53 = 11 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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