Jim Esposito Agent Shot

Jim Esposito

Intercoastal Realty

(954) 336-3776

housing market updates

search homes for sale


real estate ft lauderdale

 

Home    


Like This Blog? Click Here to Share with Your Friends and Colleagues

 

Help Me CRUSH My Competition



Ft Lauderdale Real Estate News 05/30/13


median price of homes for sale in fort lauderdale up 22% as housing and real estate market improves


tombstone1

Broward property owners got good news Wednesday: Their property values are rising.

Nearly every pocket of the county saw an increase in official property values the best real estate report Broward County's had since the Great Recession hit, Broward's property appraiser announced.

Values rose on average 3.9 percent, and with significant new construction projects completed, the countywide tax roll increased 4.4 percent, to an eye-popping $132 billion.

Thirty Broward cities every city except the tiny enclave of Lazy Lake posted a gain in values

The high was in Cooper City, where value increases and a gigantic new residential development contributed to an 8.6 percent leap. The low: unincorporated Broward County, registering a disappointing negative 8.3 percent, the lone pocket of real estate depression.

The numbers are tentative and will be confirmed July 1.

This year, even Lauderdale Lakes saw an increase. The city teetered on the edge of financial collapse two years ago and ran up a $9 million debt to the Broward Sheriff's Office.

"I'm very ecstatic and optimistic about the number," said City Manager Jonathan Allen.

The city's estimated 5.3 percent gain in values is "the first positive trend in more than five years," Allen said. "It's hurt us over the years, but the positive values will allow us to be more focused and forward-moving on our financial recovery plan."

The city of Fort Lauderdale, by far the real estate powerhouse of Broward with $26 billion in value, posted a solid gain of 4.4 percent, and Fort Lauderdale Mayor Jack Seiler said the values "confirmed what we believed to be true, that the real estate market's on the road to recovery and people are feeling pretty confident."

The Sun Sentinel reported last week that median housing prices in Broward rose 22 percent.

2013 Sun-Sentinel





If you are interested in getting The Facts
you might want to check out the articles
I have links to at the top of this page:

Real Estate Blogs


You might also read my informative guide
"12 Things You've Got To Know About buying Foreclosures"
at this page:

Foreclosures




The Real Estate Market in Fort Lauderdale and South Florida is changing rapidly now. To stay abreast of the most recent developments in this dynamic market read my blog entries every day at http://www.fortlauderdalebeachproperty.com






HyperSmash
Pingates

Find out more at:

http://www.fortlauderdalebeachproperty.com


If you are not on the phone to me right now
you are costing yourself money


a high rating realtor I specialize in the location
of the best deal on luxury and waterfront real estate
in ft lauderdale, boca raton and south florida


Jim Esposito

Intercoastal Realty

the best ft lauderdale realtor

(954) 785-8558 Office
(954) 336-3776 Mobile


emailadd1

Great Deals    

Property Search    

Selling Your Home    

Foreclosures    

Free Lists    

Downtown Ft. Laud    

Neighborhoods    

Condos    

Income Property    

Investor Central    

Rentals    

Real Estate Blogs    

Webcams    

Links    

Client Log In    

Contact    

 

FREE!
FORECLOSURE
LISTINGS!

Updated Weekly!


Click Here!

12 Things
You've Got
To Know
Before Buying Foreclosures


Click Here!


Read Our Exclusive
& Informative Guide

How To Buy
Foreclosures


APPROVED
SHORT SALES


The Next Best Thing
to Foreclosures

In Some Ways
Perhaps Even Better


A whole new class of
Distressed Property

And they are

Ready To Go!

 

Free Lists

Click Here!


 
 
 
 

1500 East Las Olas Boulevard
Fort Lauderdale, Florida 33301

Jim Esposito

fort lauderdale homes for sale

(954) 785-8558 Office
(954) 336-3776 Mobile


emailadd1

Home  ♦  Selling Your Home  ♦  Property Search  ♦  Great Deals  ♦  Foreclosures  ♦  Income Property  ♦  Investor Central  ♦  R.E. Blogs  ♦  Webcams  ♦  Links  ♦  Contact  ♦  Sitemap