Ft. Lauderdale Luxury Condos Sold| broward Luxury Condos Sold

Within the first 5 months of 2010 (January 1, 2010 – May 31, 2010), 193 Condos and Townhouses were purchased in Broward County in a purchase price range of $500,000 and above, as recorded in the MLS* and Property Tax Records.

The 193 Condos were purchased in a price range of $500,000 – $6,750,000 (purchase prices, NOT list prices)
139 are indicated to have been Cash purchases, as is typical in our current luxury market
38 of the purchases were $1,000,000 and over
185 of the 193 properties are Waterfront Properties
24 of the sales were Short Sales and 12 were Bank Owned Foreclosures (Short Sales and Foreclosures ARE NOT the majority of Luxury Property sales)
Of the Cities where the Condos are located, Ft. Lauderdale had the highest number of Sales, accounting for 101 of the sales
Regarding Waterfront Condos, the Term “Luxury” is relative because prices vary significantly based on views from the Unit, low Floor vs. high Floor, quality of the Building, type of Waterfront location, and other factors, so it’s possible, in some cases, to pay a luxury price for a Unit that’s in need of complete updating and/or remodeling because the price reflected fabulous views, larger size, and/or other features that demand premium price

2009 vs. 2010 Sales

Sales have increased since 2009. Within the first 5 Months of 2009, there were 127 Sales of Condos within the $500,000+ purchase price range compared to 185 sales within the first 5 Months of 2010.

Price Range Details for the 181 Properties purchased:

69 were purchased for $500,000 – $599,999
38 were purchased for $600,000 – $699,999
27 were purchased for $700,000 – $799,999
20 were purchased for $800,000 – $899,999
39 were purchased for $1,000,000 – $6,750,000

Ft. Lauderdale Properties Sold

L’Hermitage, 45 Hendricks, Alhambra Place, Beachway Heights, Coconut Grove Residences, Colee Hammock, Enclave at Victoria Park, Flagler on Fifth, Fountains on Ocean Blvd., Harbourage Place, Intracoastal 31, Jackson Tower, L’Ambiance, La Rive, Landings at Las Olas, Las Olas Beach Club, Las Olas Grand, Las Olas River House, Lofts on the Park, Oceanage, Palm Grove, Place des Arts, Playa del Mar, Plaza East, Plaza South, Point of Americas, Ritz Carlton, Southpoint, The Enclave, The Meritage, The Palms, The Premier, Townhouses at Harbor Beach, Venetian Condo, Versailles, Villa Solimar, Sappire Condo, and Watergarden.

Hillsboro Beach Properties Sold

1200 Hillsboro Mile, 900 Hillsboro Mile, Hillsboro Beach & Yacht Villas, and Ocean Grande.

Deerfield Beach Properties Sold

Ocean Vue and Orchid Beach

Lighthouse Point

Tillotson Square Townhouse

Pompano Beach Properties Sold

Plaza at Oceanside Pompano Beach, Ocean Pearl, Pompano Aegean, Renaissance of Pompano, Sonata Beach Club, The Criterion

Lauderdale by the Sea Properties Sold

Aquazul, Cristelle, Europa by the Sea, Sea Ranch Club, Villas by the Sea, and Oriana by the Sea (4 sales)

Hollywood Properties Sold

Trump Hollywood (8 Units purchased for $1,095,000 – $6,750,000), Beachfront South, Diplomat Residences, Harbor Islands, Mariposa, Ocean Palms, Renaissance on the Ocean, The Moorings, and Villas of Positano

Hallandale Properties Sold

Beach Club and Ocean Marine Yacht Club

*- MLS = Multiple Listing Service (the central Database where Brokers input and store listing and purchase data for properties that they represent for property Owners)

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