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Jim Esposito

Intercoastal Realty


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The Great Foreclosure Crisis has long since passed. Still, due to the dynamic nature of the South Florida real estate market we will continue to see a steady stream of foreclosures. There will simply be a lot less of them. Quality properties that do appear on the MLS will be snapped up rather quickly.

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No Fixed Bridges
Waterfront Pool Home


WIDE Open Layout • Totally Turnkey!
Extra Wide Channel • Can Accommodate Cats & Tris
Impact Windows • New Roof (2022)
Gas Cook-Top • Gas Water Heater (Lines in Street) • Wet Bar
Dramatic Granite/Quartz Island • LARGE Master Suite


great deal ocean access fort lauderdale real estate
no fixed bridges waterfront pool home
heated salt filtration pool


Exquisitely stunning remodel no fixed bridges waterfront pool home. Turn-key. WIDE open layout, split plan, vaulted ceilings. 3 Bed/ 2 Bath. 2,444 sq. ft. Impact windows, doors throughout. New roof (2022). LARGE Master Suite. Top end appliances. The most dramatic granite & quartz counter island you've ever seen. Wet bar. Gas stove, water heater from gas lines in street. Jacuzzi tub. 2 Car Garage. Security system. 75 feet no fixed bridges waterfront with private dock, only yards from Intracoastal. Wide waterway, 140 feet, can accommodate catamarans, trimarans. Heated, salt filtration pool surrounded by Travertine deck, featuring retractable shade awnings. Oasis Sprinklers. Less than 1 mile to beach. Surrounded by shops, stores and restaurants.


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2662 NE 3rd Street, Pompano Beach



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2662 NE 3rd Street, Pompano Beach


Ft Lauderdale Real Estate News 5/15/2024

The Nostradamus of Property Values?

Paul McCartney Predicts Latest Real Estate Trend in 1964

The United States Census Bureau has released Net Domestic Migration statistics tracking who is moving from where to where in the country, from state to state, from county to county. It's basically that old Beatles song: people are following the sun.

In addition, they are also following the taxes. To be more precise, they are fleeing high taxes and not surprisingly relocating to cities and states with lower taxes.

According to some statistics Florida is still the fastest growing state in the nation. Other stats indicate it might be Texas. Either way the Sunshine State's population continues to increase, leading the U.S. in percentage, going up 1.9% in 2022 and 1.6% in 2023, adding around 365,000 residents over the past couple years.

Some things have changed, however. Between 2019 and 2022 more people were relocating to the South Florida reporting area (Miami-Dade, Broward and Palms Beach counties) than any other Metro in the U.S.

Through the past year people moving into the Sunshine State flooded into less populous regions where suburbs around other cities expanded. In 2023 the main recipient of Net Domestic Migration was the state of Texas, with five of the Top 10 Counties around Houston, Dallas and Austin. Florida was second, however, with three of the Top 10: Polk County southwest of Orlando Number One, Pasco County north of Tampa, Number Three, and Marion County around Ocala Number Nine.

Where these folks are moving from is not much of a surprise. Residents are fleeing California; over 150,000 left Los Angeles and Orange County alone. Almost 150,000 left the New York City area, and just under 60,000 bailed out of Chicago.

In Florida 64 or its 67 counties grew in population. One of the three that declined was Miami-Dade, as residents apparently tired of its dense urban environment and grid-locked traffic.

Impact on Real Estate Prices

We shouldn't have to tell you the impact continued population growth has on property values. They aren't making any more land. Real Estate prices continue to increase throughout Florida.

The Median Sale Price of a Single Family Home in Florida has increased from $348,000 in 2021 to $410,000 in 2023, an increase of nearly 18% according to the latest statistics released from the Florida Association of Realtors, numbers that are compiled directly from figures generated by Realtor Associations across the entire state.

Through that same period, the Average Sale Price of a Single Family Home in Florida increased from $505,129 in 2021 to $562,442 in 2023, up over 11%.

In Fort Lauderdale's Broward County, the most desirable location in Florida, the Median Sale Price of a Single Family Home has increased 17%, from $470,000 in 2021 to $550,000 in 2023, while the Average Sale Price went up from $668,533 in 2021 to $763,768 in 2023, rising 14.2%.

net domestic migration Florida poulation increase

net domestic migration Florida poulation increase

Some Charts you might find interesting

See More Charts and Stats


Latest Real Estate Statistics

S&P Case-Shiller Home Price Index – South Florida Metro

Miami-Dade, Broward and Palm Beach Counties
from 1987 through Present Day



South Florida (Blue) versus U.S. (Red) Since 1987

Shaded Areas on Chart represent U.S. Recessions

Since The Pandemic

S&P Case-Shiller Home Price Index – South Florida Metro
from 2019 through May 2023



South Florida (Blue) versus U.S.) Since 2019

30 Year Fixed Mortgage Rate Average in the United States


Real Estate Taxes


Run Cursor over map to see where each State ranks.

Source: WalletHub

Total Tax Burden by State


Run Cursor over map to see where each State ranks.

Source: WalletHub

Florida Real Estate


Why is buying property in Fort Lauderdale and South Florida such a good investment?

With a population growing rapidly
and no more land on which to build,
real estate values can only go up.

See a comprehensive analysis of the growth potential for home prices in Fort Lauderdale and Broward County


Forecast for Growth




As long as we've got the Atlantic Ocean and the Gulfstream,
palm trees swaying in gentle Trade Winds
off a tropical turquoise sea,
and heaters we use two weeks of the year

Primo Real Estate along the Coast
will always be in high demand


Jim Esposito


Ft Lauderdale Realtor




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The Truth, The Whole Truth, A Couple Wise Cracks...


An Almost Complete, Un-Authorized & Incredibly Un-Official


History of Fort Lauderdale


by Jim Esposito


From Big Bang to Present Day


When considering the history of Fort Lauderdale and the state of Florida, two interesting facts pop out:

First, the entire state itself was essentially a foreclosure. Florida was ceded to the United States by Spain in 1819 in exchange for the forgiveness of a $5 million debt.

Secondly, Major William Lauderdale, after whom Fort Lauderdale was named, only spent about a month in the neighborhood.

beach people in Florida see things differently

People in Florida see things differently. Surprised this guy doesn't have a fishing pole, trolling.

The Wayback Machine


Once the Earth cooled and the dinosaurs died after that asteroid impact, the crater of which is now called the Gulf of Mexico, the southeastern region of the Floridian peninsula was originally inhabited by the Tequesta tribe of Native Americans, according to archaeological evidence dating back some 4,000 years.

A socio-politically complex society whose main village was located at the mouth of the Miami River along the shores of Biscayne Bay, Tequesta culture centered around dugout canoes, carved by honored craftsmen with crude tools fashioned from sea shells. Picking through ancient trash heaps archeologists found bones from a wide variety of wildlife and fish, including deep water species such as mako sharks, swordfish and right whales.

Think about the (shall we say) fortitude required to paddle a dugout canoe into the ocean to go after blue water sharks and 40-foot whales. It brings a whole new meaning to the term "Stone Age."


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