Ft Lauderdale median Condo Sales Prices
June 25, 2008
Below is an overview of the actual median condo sales prices for 2007 in south Florida.
Palm Beach $ 625k (down 13%)
Lauderdale by the Sea $ 330k (down 9%)
Ft Lauderdale $ 325k (flat)
Current buyer demand remains weak and inventories available for sale remain high. Even new condo towers are seeing distressed sellers dropping prices below market to get fast offers. Sellers are still able to sell in this market but most are at bargain prices—compared to our recent past.
Jacky Goff
Pinnacle Realty Associates
Direct: 954-839-6358
Direct Fax: 954-839-6358
Email: goffgroup@gmail.com
Website: jackygoff.myrealestatebroker.net
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