Fort Lauderdale Beach Real Estate Market Update 2nd Quarter 2019

We kick-off into the second quarter of the year and let’s touch base on the Fort Lauderdale real estate market. Luckily the top metro markets for Florida includes Fort Lauderdale along with Miami, Tampa, Orlando, Sarasota and Jacksonville. Consumer confidence is high and demand for Florida fruit and vacations is high especially since it just snowed in the norther and western states. Oh my! All we need to worry about is brushing off the sand from our toes.

Broward luxury condo sales, which increased 48.6 percent in 2018, continued rising in January 2019. There is a strong pent-up demand for Broward luxury condos and for Broward real estate. No wonder Auberge Beach Residences and Spa situated at 2200 North Ocean Boulevard with the Atlantic Ocean serving as the front yard and the pristine beach its residences backyard. It is the only newly built residential property directly on the beach in Fort Lauderdale in the last two decades. The 2019 housing market will see modest inventory gains with mortgage rates expected to hit 5.5 percent by the end of the year. So better to buy now if you can, than later in the year, if you are planning to obtain a mortgage. The experts don’t expect a buyer’s market on the horizon within the next five years. Had you at beachfront property on Fort Lauderdale beach?

You will feel your heart pitter patter as you drive along AIA north of Sunrise Boulevard passing The Pelican Grand Hotel as the North and South towers of The Auberge gleam in the glowing sun rays. Take a peek as this property as it makes local history, as it is the only one of its kind to be built in the last 20 years with ocean frontage in Fort Lauderdale. Luxury without limits, Auberge can be described as a sought after South Florida residential tower for only the discerning. A place where a lifetime of memories can be capsulated. Starting with Spring Break and Easter.

An elite property with a successful completion this past November developed among vast 450 acres calls to beach enthusiast and ocean connoisseurs alike. If you were to live in Auberge Beach Residences & Spa you would have a choice of two towers, North or South, one of 161 exquisitely designed, oceanfront residences. Enriching selections of 1-6 bedrooms and five penthouses offering 4,292-5,817 square feet of living area with separate services entrances are a few of the homes. One of the penthouses sold for $9.5 million. If you make the Auberge your beachside home an array of resort-style amenities are awaiting your dreams on a daily basis. Even some units come with a delightful private pool.

Currently there are 16 units for sale at Auberge in both towers ranging from 5 bedrooms to 2 bedrooms. Largest residence is 5 bedrooms with 6.5 baths, 3 spaces for cars, listed for sale at a $9M price point. The small condominium on the market currently is a 2 bedroom, 3 bath, 1 car space, 2,586 sf priced well at $2,650,000.

Owners of this magnificent oasis will have modern flow-through living spaces with tall 9’6” ceilings and floor-to-ceiling windows to gaze out over the blue ocean horizon. A deep soaking tub for pure relaxation appoints all master bedrooms, a chef’s kitchen with Italian cabinetry, smart-home technology are just a few of the built-in features each residence has to offer buyers. The long rich array of immaculate amenities goes on. To see all this fascinating community has to offer, floor plans, renderings and current listings visit www.aubergeluxurycondo.com.

When is the best time to buy a home in Florida? Right now, prices are still in a lull, although listings are down in number. Time to hire a Florida Realtor to help you find the deals and perhaps make one of the Auberge gems your new beach home. Contact us at 954.817.1056 to help you be a part of the Fort Lauderdale seaside community.