Fort Lauderdale market update for homes between $5 and $10 million, plus how our team sold a Coral Ridge Intracoastal home in 182 days.
Every month I break down what is really happening in the Fort Lauderdale housing market. This month I am pairing the numbers with a real story. Through September 30, 52 homes sold between $5 and $10 million, months of supply sits at 14.6 compared to 20 a year ago, and 64% of buyers in this price range paid cash. On the waterfront in East Fort Lauderdale, 57 homes are on the market and 42 have sold year to date.
Then I walk through the plan behind a brand new construction home on the Intracoastal that had been sitting on the market before we took it on. It sold in 182 days because of four things: the price, the content, the distribution, and the negotiations. If you are a homeowner, builder, or developer weighing your next move in Fort Lauderdale, these are the numbers and steps worth knowing before you decide.
Find out what your home would do in this market. No pressure, no pitch:
Moving to or from Fort Lauderdale: mphfortlauderdale.com
