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November 29, 2009
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  CONDITIONS™
By Local Real Estate Experts  


Market Conditions for Fort Lauderdale, Florida

Reported by Manny Alvarez, REALTOR, e-PRO

Updated November 2, 2009.

Current Market Rating: 2




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2
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5
Buyer's

Seller's

Current Price Trend: 2




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2
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5
Falling

Rising

The number of year over year single-family home sales in Broward County, Florida increased by 31% in September 2009. While the median price fell 23%.
The number of year over year condominium & townhouse sales in Broward County, Florida increased by 57% in September 2009. While the median price fell 40%.
There are the initial to be signs of a leveling of prices on a month-to-month basis. There is still a high level of inventory available for sale. REO and short sales are having a negative impact on pricing on all property types.



Location Characteristics: Recognized as one of the top vacation destinations, the Greater Fort Lauderdale and Broward County area offers more than just wonderful beaches and tropical weather year round. West of the beaches are miles and miles of residential neighborhoods each with varying characteristics and amenities that appeal to a wide range of individual families.


For More Information:

View Market Conditions of other areas served by Manny Alvarez

Navigate: Top > Florida > Fort Lauderdale

About Manny Alvarez:
A native of Cuba, I have been a resident of South Florida for over 27 years. Prior to becoming a Realtor in July of 2002, I enjoyed a successful 20-year management career with Marriott International - one of the world's premier service organizations. I enjoy science fiction, cultivating orchids and being a good agent of change in real estate. I am aslo fluent in English and Spanish, spoken and written.


These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.




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Mortgage Rates
30 Year Fixed: 4.83%
15 Year Fixed: 4.32%
1 Year Adj: 4.35%
(U.S. Weekly Averages)

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