Luxury Single Family Homes Purchased in Broward County in February of 2011
During the month of February 2011 **, 91 Homes were purchased in Broward County in a purchase price range of $500,000* – $2,800,000 and information in the Table below details their locations and purchase prices.
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37 of the purchases are listed as being Cash purchases
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12 of the 91 Properties were purchased as Bank Owned Foreclosures
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15 of the 91 Properties were purchased as Short Sales
Note for comparison purposes: During the month of January, 2011, 68 Single Family Homes in Broward County were purchased with prices of $500,000 – $7,757,500, so more Luxury Homes were sold in February than in January.
|
City |
# Sold |
Purchase Price Range |
| Ft. Lauderdale | 22 | $500,000 – $2,600,000 |
| Parkland | 16 | $515,000 – $1,620,000 |
| Davie | 14 | $560,000 – $1,150,000 |
| Weston | 10 | $504,000 – $1,300,000 |
| Lighthouse Point | 9 | $511,000 – $2,350,000 |
| Plantation | 6 | $521,000 – $1,120,000 |
| Hollywood | 4 | $540,000 – $1,100,000 |
| Southwest Ranches | 4 | $532,000 – $2,800,000 |
| Cooper City | 1 | $615,000 |
| Coral Springs | 1 | $690,000 |
| Dania Beach | 1 | $750,000 |
| Deerfield Beach | 1 | $1,200,000 |
| Miramar | 1 | $500,000 |
| Pompano Beach | 1 | $500,000 |
Price Band Details
- 27 Properties were purchased in a price range of $500,000 – $594,000
- 22 Properties were purchased in a price range of $600,000 – $694,000
- 6 Properties were purchased in a price range of $700,000 – $797,500
- 8 Properties were purchased in a price range of $805,000 – $879,000
- 6 Properties were purchased in a price range of $900,000 – $959,900
- 18 Properties were purchased in a price range of $1,100,000 – $1,725,000
- 4 Properties were purchased in a price range of $2,250,000 – $2,800,000
Pictured below is 2510 Del Lago Drive in Ft. Lauderdale, purchased for $2,600,000 on February 17, 2011
- Located in the Del Lago Isle section of Harbor Beach
- 110′ of Waterfront on an Ocean Access Canal
- Built in 1986, but fully renovated
- 7 Bedrooms and 5.5 Baths
- 7,582 Square Feet of Living Area and 9,557 total Square Feet
- 2-Car Garage
- Pool
Communities where the 91 Homes were purchased
Ft. Lauderdale
Beachway Heights, Coral Ridge Country Club, Coral Ridge Galt, Las Olas Isles, Harbor Beach, Harbour Heights, North Bal Harbour, Rio Vista Isles, Riviera, River Oaks, Sunrise Intracoastal, The Landings, and Tropical Point.
Parkland
Cypress Head, Cypress Trail, Fox Ridge, Heron Bay, Parkland Golf and Country Club, Parkland Lakes, Pine Tree Estates, Tall Pines, and Ternbridge Estates.
Davie
Saddlebrook, Northstar Estates, Blackhawk Ranches, FL Fruit Lands, Grove Creek, Green Acres, Imagination Farms, Riverstone, Lake Estates at Rolling Hills, Long Lake Ranches, Miele-Simonson Estates.
Weston
Saddle Club Estates, Savanna, Palm Island, Royal Palm, Weston Hills Country Club.
Lighthouse Point
Coral Key Villas, Venetian Isles, and Lighthouse Point Estates.
Plantation
Hawks Landing, Plantation Acres, Jacaranda Country Club, and Brookside Estates.
Hollywood
Hollywood Lakes, Hollywood Beach, and Lakes of Emerald Hills.
Pompano Beach
Pompano Isles
Southwest Ranches
Sunshine Ranches
Cooper City
Hibbs Grove
Coral Springs
Whispering Woods
Dania Beach
Shady Ridge Estates
Deerfield Beach
The Cove
Miramar
Riviera Isles
Broward Luxury Homes for Sale
Currently, there are 1,711 listings of Single Family Homes in Broward County that are listed for prices of $500,000 and above. The highest list price is $39,950,000 for an Oceanfront Home on Hillsboro Mile. Of the 1,711 listings, 17 are Bank Owned Foreclosures and 173 are Short Sales, so distressed properties are a very small part of the current inventory of Luxury properties for sale and Luxury Homes are not the majority of the total inventory of properties listed for sale, contrary to popular opinion. In the price range under $500,000, 5,948 Single Family Homes are listed for Sale in Broward County’s 30 Cities.
If you’re starting your search for Luxury Properties in Broward County and would like to view listings and customize your search, click here to begin.
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Related Information:
- Ft. Lauderdale Luxury Homes and Broward Luxury Homes
- Ft. Lauderdale Intracoastal Homes
- Ft. Lauderdale Waterfront Homes
*-For my Luxury Real Estate Market Reports, I use $500,000 as the minimum purchase price since sales of $500,000 and above in our local Market are the top 10% of our market in terms of purchase prices.
**-For reporting timeframe, I wait several weeks after Closings before I report them in order to allow time for all or most of the purchases to be recorded in the MLS and Property Tax Records.