2017 MID-YEAR UPDATE CONDOS IN BROWARD’S MOST PROMINENT NEIGHBORHOODS
BROWARD
COUNTYWIDE STATISTICS | CONDOS
The condominium market in Broward County is materially smaller and less
TOTAL MARKET
diverse than the Miami condo market. However, the waterfront markets in Broward County have long remained the retirement mecca of US-based
WATERFRONT CONDOS
NON-WATERFRONT CONDOS
buyers and a great opportunity for young families looking to invest in prime real estate close to pristine beaches.
# FOR SALE
# SOLD
AVG. $/SF
# FOR SALE
# SOLD
AVG. $/SF
3,667
3,071
$174
3,993
4,912
$113
When comparing data from the first half of 2016 to the first half of 2017, the standout condo market in this area was East Fort Lauderdale which saw gains of 32% of its average price per square foot. This increase came after a 16% dip from our previous report.
LUXURY MARKET
Condo stats in the rest of Broward were mostly stable, Hollywood did see a bit of a drop in pricing but this is partially due to a smaller amount of transactions and may be a bit of an adjustment after the previous period’s 10% increase in pricing.
(THE TOP 50% BY AVERAGE HOME PRICE)
# FOR SALE
# SOLD
AVG. $/SF
$1M – $5M
426
101
$371
$5M – $10M
13
0
N/A
$10M+
2
0
N/A
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Enrique Tejera, P.A. - 305.814.4686 info@sobeone.com
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