Ft. Lauderdale Real Estate Market
Buying Property in Ft. Lauderdale, Florida
- Population: 165,000
- Condo: $150,000 – $14m
- Family home: $300,000 – $32m
- Waterfront: $400,000 – $32m
- Investment Potential rating: ***
- Nearest international Airport: Fort Lauderdale Hollywood international Airport, 5 miles.
Fort Lauderdale made its name back in the day as a spring break destination, but the city nowadays has a far more glamorous image. On its bustling streets the rich and famous go about their business, and beachfront mansions, as well as historic neighborhoods with tree-lined streets, help make the property market expensive.
The city is known for its shopping, its beaches and its yachting scene, sometimes being referred to as a mega-yacht capital. The 165 miles of canals, and access to the Intracoastal waterway make it a popular destination for boaters of all shapes and sizes. As well as this, there is a thriving arts scene, performing arts center, and museums.
The Everglades are close by for natural pleasures and the Atlantic Ocean provides water activities in abundance. People choose Fort Lauderdale as a quieter location than Miami, but still with the diverse and sophisticated nightlife, and shopping scene which that city is famous for.
Ft Lauderdale Property Market Summary
The Fort Lauderdale market is popular with Canadian buyers, many of whom are buying condos which need work, and renovating them to sell for profit. High net worth Europeans are still buying desirable South Beach property, although there has been less activity from Germany, Italy and Britain in the last few years due to the economy there.
The market in Fort Lauderdale has recovered well, with steadily rising prices, and a fairly healthy eight months of inventory in the market. Although that inventory level is 33 percent down from the same time last year. The high end of the market is thriving in Fort Lauderdale, with a large number of properties over the $2 million mark, and many over $10 million.
At the very top end, mansions on the water can set you back as much as $32 million. For more modest price points such as entry level properties suitable for refurbishment, there really isn’t much inventory below $150,000. And at that price point the home would be for long-term rental or long-term appreciation, rather than the vacation rental market.
What Can I Buy in Ft Lauderdale?
At $250,000 it’s possible to get a two bedroom townhouse which might suit as a vacation home, but for a modest water view three bedroom single family home, you’re really looking at $500,000 upwards. In the condo market it’s possible to get a one bedroom condo a couple blocks from the beach, requiring refurbishment, for around $150,000.
Otherwise a waterfront two bedroom condo on the Intracoastal Waterway water front will set you back $400,000 or more. At the luxury end of the condo market there is a sprinkling of properties which reach the $14 million mark, but most of the luxury family condo market lies in the $1 million to $3 million range.
Property for Sale in Ft. Lauderdale
Lot Size39,997 sqft
Home Size17,352 sq ft
Days on Market65
Lot Size25,999 sqft
Home Size15,382 sq ft
Days on Market1,100
Lot Size20,194 sqft
Home Size7,566 sq ft
Days on Market110
Lot Size12,500 sqft
Home Size7,914 sq ft
Days on Market18
Lot Size13,470 sqft
Home Size5,990 sq ft
Days on Market95
Home Size12,085 sq ft
Days on Market83
Home Size6,627 sq ft
Days on Market214
Lot Size10,182 sqft
Home Size5,331 sq ft
Days on Market120
Lot Size13,004 sqft
Home Size7,450 sq ft
Days on Market234
Lot Size8,124 sqft
Home Size5,432 sq ft
Days on Market101
See all Real estate matching your search.
(all data current as of 1/18/2019)
Listing information deemed reliable but not guaranteed. Read full disclaimer.