Archives for posts with tag: broward county

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“The More You Know”

Betty Special
RE/Max Preferred
954 865 2095


FHA lowers limit on mortgages! The federal government announced Friday it will be lowering home loan limits in South Florida and across the country!
Palm Beach and Broward the maximum loan amount for FHA loans will be lowered from $423,750 to $345,000
Betty Special
Re/max Preferred
954 865 2095

Fall Has Arrived!.

List of Improving Housing Markets Hits Record High.

South Florida

South Florida home prices rise for 17th straight month

Standard & Poor’s/Case-Shiller index: Home prices up 14.2 percent from a year ago

By Paul Owers, Sun Sentinel

A barometer of South Florida house prices increased in May for a 17th consecutive month. The Standard & Poor’s/Case-Shiller index, released Tuesday, rose 14.2 percent from a year ago.

Case-Shiller measures Palm Beach, Broward and Miami-Dade counties and 19 other major metropolitan areas. All 20 posted annual price gains, with Dallas and Denver exceeding peaks established before the Great Recession.

San Francisco led the nation with a 24.5 percent increase, followed by Las Vegas (23.3 percent) and Phoenix (20.6). Good News for the hard hit Phoenix market!

South Florida and much of the country have too little supply to satisfy intense demand. Investors are scooping up homes in large numbers, often shutting out first-time buyers looking to take advantage of still-low mortgage rates.

Guy Cecala, publisher of the Inside Mortgage Finance newsletter, said more balance between buyers and sellers will help moderate the large price gains — a necessary part of a long-term housing recovery, he said.

“When you get big price spikes, that sets you up for a dip,” he said. “San Francisco at 24.5 percent is not sustainable.”

The index tracks prices of the same house over time. Some analysts say that’s a better measure of the market than median prices of homes sold in a given month. But Case-Shiller data does not include prices for condos and trails Realtor board data by a month.

Last week, the Greater Fort Lauderdale Realtors said Broward County’s median price in June was $265,000, a 23 percent increase from a year ago. In Palm Beach County, the median last month was $259,990, up 16 percent from a year earlier, according to the Realtors Association of the Palm Beaches.

Bo Mastykaz, a South Florida real estate agent for Redfin, said buyers who need financing find the market particularly frustrating.

“The sellers are just not accepting my offers,” he said. “They’re waiting for straight cash.”

Pompano Beach is located just north of Fort Lauderdale and offers a variety of waterfront Condos, Townhomes and single family. You will find ocean and canal front properties offering a variety of deeded docks and a community dock.
If your lifestyle is boating /beach/fishing you have come to the right place! Come visit our redeveloped Pompano Beach fishing pier! Nice wide beautiful sandy beaches! You will fall in love with Pompano Beach, with small town flavor,a short drive to big city life! Located just off 95 between West Palm Beach and Miami. Your Limo driver will know the way!Pompano Beach Pier

1500 Ocean Club Condo
$300s Direct Oceanfront 1986
701 Riverside Drive Condo
$300s Intracoastal 1982
Admiralty Towers Condo
$100s – $400s Direct Oceanfront 1970
Aqua Lofts Condo
$400s – $800s Ocean access Canal 2007
Aquamarine Condo
$500s – $700s Intracoastal 2007
Bermuda House Condo
$300s – $400s Direct Oceanfront 1971
Casa La Quinta
$100s – $200s Intracoastal 1975
Claridge Condo
$300s- $700s Direct Oceanfront 1973
Coastal Vista Condo
$100s – $300s Intracoastal 1966
Cypress Bay Estates Townhouse
$300s Ocean access Canal 2002
Delphi Towers
$100s – $200s Intracoastal 1974
Emerald Tower
$300s Intracoastal 1972
Garden Isles Condo
$100s Ocean access Canal 1972
Hillsboro Bay by the Sea Townhouse $400s – $1MM+ Oceanfront 1998
Hillsboro Light Towers
$300s – $400s Intracoastal 1979
Intracoastal Tower
$100s Intracoastal 1975
Island Club Condo
$100s – $200s Ocean access Canal 1972
Jamaica House Condo
$200s – $300s Across from the Ocean 1969
Luna Ocean Residences
$700s – $800s Oceanfront 2007
Nobel Point Condo
$100s – $300s Ocean access Canal 1980
Ocean Heritage Club Condo
$300s – $900s Oceanfront 1972
Ocean Monarch Condo
$200s – $500s Oceanfront 1968
Oceanside at Pompano Beach Condo
$500s – $1,000,000+ Across from the Ocean 2008
Pompano Aegean Condo
$300s – $500s Oceanfront 1980
Pompano Atlantis
$200s – $300s Oceanfront 1974
Pompano Beach Club Condo
$100s – $300s Oceanfront 1978
Renaissance Condo
$200s – $500s Oceanfront 1978
Riverside Grande Condo
$300s – $700s Intracoastal 2006
Riverside Towers Condo
$100s – $300s Intracoastal 1970
Sea Haven Condo
$100s – $300s Ocean access Canal 1971
Sea Monarch Condo
$200s – $600s Oceanfront 1970
Seville House Condo
$200s Intracoastal 1970
Silver Thatch Condo
$200s – $400s Intracoastal 1973
Sonata Beach Club Condo
$500s – $1MM+ Across from the Ocean 2008
Sun Harbor Townhouse
$100s – $200s Ocean access Canal 1991
The Criterion Condo
$400s – $1MM+ Oceanfront 1982
The Pointe Condo
$400s – $500s Intracoastal 1999
The Wittington Condo
$500s – $800s Oceanfront 1971
Tiffany Gardens Condo
$200s – $300s Oceanfront 1970
Waterbury Condo
$100s – $200s Intracoastal 1976
Waters Edge Condo
$100s – $200s Intracoastal 1974

All numbers are approximate!

Call or visit my website to see properties currently on the market in South Florida

Betty Special
Remax Sun & Sea
954 865 2095

Seller’s Market Developing in Much of the U.S..

Fort Lauderdale Beaches | Hallandale, Hollywood, Dania, Lauderdale-By-The-Sea, Pompano, Deerfield.

'Pocket Listings' Spark Controversy.