The Pickins are Good for Buyers in Southeast Florida Real Estate

Many Buyers have already taken the aggressive stance to move forward with a purchase and many are waiting. WAITING FOR WHAT? Waiting till they hear that it is a good time to buy? By that time it is too late. It is like when your Hairdresser tells you to buy a stock-IT IS TOO LATE!

When everyone is on the bandwagon, it is too late for THE BEST opportunities. Look what happened with all of the investors buying and flipping real estate the last couple of years. By the time they got into the market the bottom was falling out and now many are stuck with over valued properties that they have to short sale or suffer through a foreclosure.

This is not a Sellers market unless they have a lot of equity or can afford to take a loss. This is a Buyers market, where Buyers are aggressive in their offers. There is a bottom and the bottom is near.

Take the time to go and look at the available inventory of homes. Pick the best one, make your best offer and hope it works out. If not, there are other choices.

Jump on your opportunity that usually comes around every decade.

January 2008 Inventory Statistics

REAL ESTATE UPDATE FOR BROWARD COUNTY & PALM BEACH COUNTY
(1-01-2008 to 1-31-2008)

Broward County includes well known cities of Coconut Creek, Coral Springs, Deerfield Beach, Fort Lauderdale, Highland Beach, Hillsboro, Lighthouse Point, Parkland, Plantation, Sunrise, Tamarac and Weston.

There are currently 17176 Single Family Homes LISTED FOR SALE in Broward County.

3872 priced under $250,000
8585 priced between 250,001 and $500,000
2263 priced between $500,001 and $750,000
967 priced between $750,001 and $1,000,000
686 priced between $1,000,001 and $1,500,000
329 priced between $1,500,001 and $2,000,000
3 priced over $2,000,000

For the month of January, 367, Single Family Homes SOLD in Broward County.

138 were sold under $250,000
179 were sold between 250,001 and $500,000
34 were sold between $500,001 and $750,000
2 were sold between $750,001 and $1,000,000
7 were sold between $1,000,001 and $1,500,000
5 were sold between $1,500,001 and $2,000,000
2 were sold over $2,000,000

There are currently 22,884 Multi-Family Homes LISTED FOR SALE in Broward County. Multi-Family Homes include condos, town homes, villas, coops, all attached and or unattached as well as single story to multi levels.

14461 are priced under $250,000
5867 are priced between 250,001 and $500,000
1217 are priced between $500,001 and $750,000
524 are priced between $750,001 and $1,000,000
423 are priced between $1,000,001 and $1,500,000
299 are priced between $1,500,001 and $2,000,000
143 are priced over $2,000,000

For the month of January, 463 Multi-Family Homes SOLD in Broward County.

Note that many of the lower priced multi family homes are located in Adult only communities with a over the age of 55 requirment to live there.

343 were sold under $250,000
87 were sold between 250,001 and $500,000
12 were sold between $500,001 and $750,000
7 were sold between $750,001 and $1,000,000
8 were sold between $1,000,001 and $1,500,000
3 were sold between $1,000,001 and $1,500,000
1 were sold between $1,500,001 and $2,000,000
2 were sold over $2,000,000

Palm Beach County includes well known cities of Boca Raton, Boynton Beach, Delray Beach, Greenacres, Lake Worth, Wellington and West Palm Beach.

There are currently 9781 single family homes listed for sale in Palm Beach County.

1940 priced under $250,000
4520 priced between 250,001 and $500,000
1419 priced between $500,001 and $750,000
646 priced between $750,001 and $1,000,000
469 priced between $1,000,001 and $1,500,000
247 priced between $1,500,001 and $2,000,000
540 priced over $2,000,000

For the month of January, 439 Single Family Homes SOLD in Palm Beach County.

214 were sold under $250,000
145 were sold between 250,001 and $500,000
37 were sold between $500,001 and $750,000
19 were sold between $750,001 and $1,000,000
8 were sold between $1,000,001 and $1,500,000
4 were sold between $1,500,001 and $2,000,000
12 were sold over $2,000,000

There are currently 10.435 Multi-Family Homes LISTED FOR SALE. in Palm Beach county.
 Multi-Family Homes include condos, town homes, villas, coops, all attached and or unattached as well as single story to multi levels.

6935 are priced under $250,000
2379 are priced between 250,001 and $500,000
534 are priced between $500,001 and $750,000
217 are priced between $750,001 and $1,000,000
174 are priced between $1,000,001 and $1,500,000
89 are priced between $1,500,001 and $2,000,000
107 are priced over $2,000,000

For the month of January, 195 Multi-Family Homes SOLD in Palm Beach county.

149 were sold under $250,000
26 are sold between 250,001 and $500,000
8 were sold between $500,001 and $750,000
7 were sold between $750,001 and $1,000,000
3 were sold between $1,000,001 and $1,500,000
1 were sold between $1,500,001 and $2,000,000
1 are sold over $2,000,000

To see specific details on a specific category of homes actively for sale or sold, please email us at Team@GreatFloridaHomes.com and we will forward the information for your reference or review.

Information deemed reliable as provided by the Realtor Association of Greater Fort Lauderdale and the Realtor Association of the Palm Beaches.

There has been in increase in oversupply of inventory between the two counties since December 2007 and a decrease in properties sold.