Fort Lauderdale Condo Market | An 8-Year Snapshot

Fort Lauderdale Condo Market | An 8-Year Snapshot. Why 8 years? Originally, I had the idea to research Fort Lauderdale condo trends going a decade back, but after researching further, our trends & stats only go back to 2009. I then thought a 5-year study would be adequate to prove the point, but it didn’t show the scope of our condo market’s long-term trends as we exited the worst of markets from 2007 through 2009. As we see below, the bold buyers who stepped in and bought with great leverage from 2009 to 2012 did exceptionally well with their investment properties.

Additionally, new construction has added to the South Florida condo inventory with several impressive residential developments such as Sapphire, The Harbour, Villas by the Sea, Four SeasonsW Ft. Lauderdale, RIVA, Icon Las Olas, Paramount, Auberge, Conrad, Gale, Adagio, Aquavita, and Aqualuna now gracing our skyline.


8 Year History - 2009 to 2017 - Fort Lauderdale8 Year History - 2009 to 2017 - SOLD PPSF Trends Fort Lauderdale8 Year History - 2009 to 2017 - DOM SPLP Fort Lauderdale8 Yr - Months of Inventory Fort Lauderdale

Values are excellent here, with the average sale price hovering at $300 per square foot for the past few years. Average days on the market dropped considerably year over year while buyer discounts increased to approximately 5% off the list price. The final graph shows us approximately 8 months of inventory which is just slightly above what one might consider a healthy market but still in favor of buyers with a solid selection of condo inventory and additional new construction in the pipeline. A balanced market is generally considered to have about six months of supply. More months of condo supply listed for sale suggests a buyer’s advantage and fewer months typically indicate a seller’s advantage in the market.

Why the difference from Miami-Dade?

Fort Lauderdale is ‘The Venice of America’, also favorably known as ‘The Yachting Capital of the World.’ Fort Lauderdale has and is growing into a global destination and a very popular location for those wanting the South Florida waterfront lifestyle but also at a super value in contrast to Miami Beach. Many from Miami, including myself, have noted these trends and bought premier real estate here in Fort Lauderdale. Since purchasing a large single-family home in 2015, our valuations have increased by approximately 20%. We’ve also been inundated with top retailers such as Orchard, Starbucks, Trader Joe’s, Whole Foods, and Fresh Market, which have helped increase property values. It’s a much more stable market with less trading, as noted in Miami-Dade County.

So what’s the conclusion, my friends?

Continued Fort Lauderdale Condo Deals.

Luxury Real Estate in Southeast Florida

Whether you’re looking for the latest in waterfront estates, land for development, corporate and athlete relocation, market trends, off-market opportunities, new construction, bulk sales, or just a great deal, I’ll have it customized and ready for you.

Over 15 Years Experience – I’m a Southeast Florida real estate broker-associate with the leading firm – ONE Sotheby’s International Realty. Why Sotheby’s? Because of the brand heritage, prestige, vast global reach, and propensity for perfection. Since 2002, I’ve been active in the Southeast Florida market with experience that rarely disappoints. No hassle. No pressure. Just honest advice.

The Miami Beach Real Estate Blog is an awesome online Southeast Florida information database. Contact me for opportunities along Fort Lauderdale (East of US1), Miami Beach, Sunny Isles Beach, Aventura, Bal Harbour, Surfside, North Bay Village, and South Beach. I also cover the most desirable areas of Key Biscayne, Coconut Grove, Coral Gables, and Bay Harbour Islands. Gain fast access to the latest in real estate trends, new exclusive listings, preferred developments, important area updates, and local statistics by signing up for the Monthly VIP Buyer Alert. Explore Fort Lauderdale developments, gated communitieswaterfront homesluxury townhomes, new condos on Fort Lauderdale Beach, gorgeous Fort Lauderdale Penthouses, plus so much more.

Say Hello On

Luxury Condos, Penthouses, & Waterfront Homes

Who You Are:

You are a client – not a customer:

  • Clients are under the protection of another
  • Customers purchase a commodity or service

Knowledge is protection. As a client, you can expect fully accurate information that you will understand, implement, and use to build your net worth.