February 19, 2018

Ft Lauderdale Real Estate Auction Proves Demand for Ft Lauderdale Real Estate

Fort Lauderdale Real Estate demand proved to be the exact opposite of what national reports keep saying about the real estate market in general. A few weeks back as we discussed in an earlier blog post the Fountains on Ocean Blvd. conducted a real estate auction for the remaining unsold inventory. The auction drew a huge crowd of buyers to the Fort Lauderdale Hilton on a beautiful sunny day in Ft. Lauderdale, to buy their own piece of Fort Lauderdale Real Estate.

Fort Lauderdale Condominiums were sold in an orderly fashion of aggressive bidding, and in just over an hour the last remaining Ft Lauderdale Condominium units at the Fountains on Ocean Boulevard were under contract and called for by lucky buyers who will get to close on one the last remaining unsold developer Fort Lauderdale Condominiums.

Ft Lauderdale Condos were sold at about 40% off of the original asking prices, with unit selling from just under $300,000 into the mid $500,000 range. The demand was strong and the prices are a true indication of market value of Ft Lauderdale Condos.

Fort Lauderdale Condominiums near the beach are part of a Ft Lauderdale Real Estate market where location is everything and has not been plagued with an endless supply of foreclosures and short sales. The bargains are out there, but if you have been waiting to purchase a Fort Lauderdale Condo near Ft. Lauderdale Beach, now is the time to plan your shopping trip, as the good inventory is clearly being sold to the highest bidder, as inventory continues to shrink when it comes to Fort Lauderdale Condominiums.