We have all seen them at one point or another, either driving over the 17th street causeway or cruising East Las Olas boulevard. They are the massive, beautiful, waterfront homes of Fort Lauderdale’s lucky elite.
Although most would have to climb pretty far up the success latter to be able to own one of these homes it would still be nice to know what to expect when you reach the top.
I have broken down the market for you so you can start planning now! I hope you enjoy the numbers and feel free to leave comments! The following numbers are based on homes in the City of Fort Lauderdale priced over 5 million.
- Number of homes on the market : 55
- Number of homes located on the water ( Ocean and Intracoastal Access ) :54
- Average amount of square feet under A/C: 8,227
- Average time it takes to sell an ultra – luxury home in today’s market : 256
- Average year the home was built: 2002
This is just a quick snap shot of the market today. I look forward to any questions or comments about the luxury home market you may have. I have the pleasure of working in this market every day and hope to be able to provide the most up to date information possible pertaining to this market. Should you have any questions that you would like to discuss with me directly please drop me a line, I look forward to it!