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 $1,599,000
    – Waterfront $3,225,000
    – Non-Waterfront $1,599,000
  • Sales Price $1,497,500
    – Waterfront $1,700,000
    – Non-Waterfront $1,300,000
  • Sales to List Price 92%
  • Days on Market 133 Days
  • 32 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 home for sale
View luxury Fort Lauderdale home for sale

Luxury Homes
Market Analaysis

This month there are 525 Luxury Fort Lauderdale Homes for Sale

This is up from 492 luxury Fort Lauderdale homes for sale in our August / September 2015 update.

The market analysis report for these homes is presented below

 $$ Beds/Baths SF/FF List Price
High 10/13 17,812 $32,000,000
Avg 4 / 4 4,067 $2,681,167
Med 4 / 3 3,341 $1,599,000

We can see that the median price for a Fort Lauderdale luxury home for sale is $1,599,000this being for a 4 bedroom 3 bathroom home of 3341 square feet.

Important to note is that the median price for a Fort Lauderdale luxury home for sale is up by almost $250,000 from our post in March / April 2015!

  • In our Sept / Oct update the median price for a Fort Lauderdale luxury home for sale was $1,490,000 – this being for a 4 bedroom 3 bathroom home of 3230 square feet.
  • In our June / July update the median price for a Fort Lauderdale luxury home for sale was $1,325,000 – this being for a 4 bedroom 3 bathroom home of 3150 square feet.
  • In our March / April 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.

View luxury Fort Lauderdale waterfront home for sale in Harbor Beach
View luxury Fort Lauderdale waterfront home for sale in Harbor Beach

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 26
$550,000 – $599,999 27
$600,000 – $699,999 47
$700,000 – $799,999 33
$800,000 – $899,999 29
$900,000 – $999,999 25
$1,000,000 or over 335
Total 522

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 335 homes currently for sale in this price range.

These 316 million dollar plus luxury Fort Lauderdale homes equate to 64% of all luxury homes for sale!

Pool views luxury Fort Lauderdale home for sale
Pool views luxury Fort Lauderdale home for sale

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 5 / 4 4,576 $2,725,000
W/Front 5 / 5 4,917 $3,225,000
NonW/F 4 / 4 3,907 $1,599,000

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

  • ALL Fort Lauderdale luxury homes for sale in this price range is $2,725,000 – this being for a 5 bedroom 4 bathroom home of 4576 square feet.  Prices for luxury homes are up from $2,595,000 in our last post!
  • Fort Lauderdale Luxury Waterfront homes for sale in this price range is $3,225,000 – this being for a 5 bedroom 5 bathroom home of 4917 square feet.  Prices for luxury waterfront homes are up from $2,997,000 in our last post!
  • Fort Lauderdale Luxury Non-Waterfront homes for sale in this price range is $1,599,000 – this being for a 4 bedroom 4 bathroom home of 3907 square feet.  Prices for luxury non-waterfront homes are up from $1,495,000 in our last post!

It is important to note is the difference between the median for a Fort Lauderdale Luxury Waterfront Home for sale at $3,225,000 and the median for a Fort Lauderdale Luxury Non Waterfront Home for Sale at $1,599,000 – the difference is over $1,6 Million!

View Fort Lauderdale waterfront home recently sold Las Olas Isles
View Fort Lauderdale waterfront home recently sold Las Olas Isles

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 $634
W/Front $679
NonW/F $429

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

  • ALL Fort Lauderdale luxury homes for sale is $634.00 – down  from $646.00 in our last post!
  • Fort Lauderdale Luxury Waterfront homes is $679.00 – also down from $685.00 in our last post!
  • Fort Lauderdale Luxury Non-Waterfront homes is $429.00 – which is up from $411.00 in our last post!

Again it is important to note is the difference between the median square foot price for a Fort Lauderdale Luxury Waterfront  at $679.00 and the median for a Fort Lauderdale Luxury Non Waterfront Home at $429.00 – the difference is $250.00 per square foot!

Luxury Fort Lauderdale waterfront home recently sold
Luxury Fort Lauderdale waterfront home recently sold

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 / 9 7,686 $6,700,000
Low 2 / 2 1,494 $983,500
Avg 4 / 4 3,958 $1,955,010
Med 4 / 4 3,576 $1,497,500


We can see that the median price for Fort Lauderdale luxury homes sold over the last 3 months has been $1,497,500
 – this being based on a 4 bedroom 4 bathroom unit of 3576 sq ft.

It is very important to note is that median sales prices for Luxury Fort Lauderdale homes are down by almost $191,000 from March 2015!

In our 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.

Luxury Waterfront
& Non Waterfront Sales

If we look at luxury homes sales for 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 home sales for homes priced at $1 Million or more over the last 90 days is presented below:

 Median Beds/Baths SF/FF Sale Price
W/Front 4 / 4 3,417 $1,700,000
NonW/F 4 / 4 3,877 $1,300,000

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

  • Fort Lauderdale Luxury Waterfront homes sold in this price range over the last 90 days is $1,700,000 this being for a 4 bedroom 4 bathroom home of 3417 square feet.  
  • Fort Lauderdale Luxury Non-Waterfront homes sold in this price range over the last 90 days is $1,300,000 – this being for a 4 bedroom 4 bathroom home of 3877 square feet.

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 $1,255
Low $258
Avg $514
Med $473

We can see from this report that the average sales price to square foot price has been $514.00 and the median has been $473.00 – down slightly from our last post!

In our last post for August / September the average sales price to square foot price was $499.00 and the median has been $476.00

% 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 88%
Med 92%

We can see from this report that the average sales price to list price for Fort Lauderdale luxury homes is 88%

Important to note is the median sales price to list price at 92% – the same 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 156
Med 133

We can see from this report that the average days on market for a Fort Lauderdale Luxury Home for Sale is 156 days

More importantly is the median days on market at 133 days – or just under 5 months!

This 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 522
Sold last 90 Days 48
Months Supply 32

There are currently 522 luxury Fort Lauderdale homes for sale – and 48 luxury homes have sold over the last 3 months.

This equates to 16 luxury home sales per month.

With 522 luxury homes for sale and given 16 luxury homes sale per month the months of supply is 32 months (522 / 16 = 32 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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