Fort Lauderdale Real Estate Looking Up!

Fort Lauderdale real estate sales are looking up! The Fort Lauderdale Area Association of Realtors is reporting an 18% increase in single family home sales for March 2007 over the previous month. There's good news for Fort Lauderdale condos as well, reporting a 10% increase in condominium sales for the same period.

Average Sales Price for Fort Lauderdale Homes in March was $511,468. and increase of 15% over February. The Median Sales Price was $374,700, an increase of 7%.

Average Sales Price for a Fort Lauderdale Condo including townhomes and lofts in March was $253,624, an increase of 3% over February. The Median Sales Price remained unchanged at $195,000.

Total inventory including both single family and condominium / townhome listings for March 2007 totals 37,486 properties, an increase of 2% over February. Total New Listings for March were 8,511 properties.

If you are considering purchasing or selling a Fort Lauderdale property, contact Fort Lauderdale Realtor, John Sabia at (954) 850-2397 or visit my Fort Lauderdale Real Estate website.

* Information obtained from the Fort Lauderdale MLS. Above statistics were compiled early in the month and additional sales reported later may not be reflected. All information believed accurate but not warranted.

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