Florida Real Estate Market Trends January 31, 2025

SE Florida Market Snapshot – January 2025

Market Trends in SE Florida

The following snapshots reflect the first month of 2025 in the SE Florida real estate market. The most obvious trend is the increase in inventory. I welcome any discussions you may want to have regarding your neighborhood or some of the headlines that have affected the real estate market. Please reach out to chat, even if you are not ready to buy or sell, but just would like to discuss current trends and updates. Here are the Market Snapshots reflecting the last month for the following areas:

  • Fort Lauderdale
  • Wilton Manors
  • Hollywood
  • Dania Beach
  • Hallandale Beach

These take into account all property types (Single Family Homes/Condos/Townhomes).


 


More homes on the market = more property options and less competition! Contact me today to discuss the current market trends and how we can work together to accomplish your real estate needs. Please call or email me if you would like to be automatically sent detailed market reports for Fort Lauderdale, another SE Florida city, or your specific neighborhood. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home Sellers and Buyers January 21, 2025

What to Look for During a Home Inspection

What to Look for During a Home Inspection: A Real Estate Professional’s Guide

Whether you’re buying a home or selling one, a home inspection is a vital step that can save you time, money, and stress. As an experienced real estate professional, I’ve helped both buyers and sellers navigate the inspection process. Here’s what you need to know to make the most of this crucial stage, whether you’re preparing to close on a home or getting your property ready for the market.

Why a Home Inspection Matters for Buyers and Sellers

For buyers, a home inspection is your chance to uncover potential issues before finalizing your purchase. It provides peace of mind and ensures you’re making a sound investment. For sellers, a pre-listing home inspection helps you identify and address problems upfront, streamlining the selling process and potentially increasing your home’s value.

Key Areas to Focus On During a Home Inspection

1. Foundation and Structure

For both buyers and sellers, the foundation is critical to a home’s integrity. Look for:

  • Cracks in walls, floors, or ceilings.
  • Doors or windows that stick or don’t align properly.
  • Uneven floors or signs of settling.

2. Roof and Attic

A damaged roof can deter buyers and lead to expensive repairs. Check for:

  • Missing, curling, or damaged shingles.
  • Signs of water damage or leaks.
  • Proper ventilation in the attic to prevent mold and mildew.

3. Plumbing System

Plumbing issues can be costly if overlooked. Pay attention to:

  • Water pressure and flow in all faucets and showers.
  • Signs of leaks under sinks or in visible pipes.
  • The condition of the water heater, including its age and potential rust.

4. Electrical System

Outdated or faulty electrical systems can pose safety hazards. Look for:

  • Outlets that don’t work or are outdated (two-prong instead of grounded three-prong).
  • Exposed wiring or overloaded breaker panels.
  • The age and condition of the electrical panel.

5. HVAC System

Heating, ventilation, and air conditioning systems impact comfort and energy efficiency. Ask about:

  • The age and maintenance history of the furnace and air conditioner.
  • Visible signs of wear or unusual noises during operation.
  • Proper insulation and ductwork.

6. Windows and Doors

Energy efficiency and security depend on well-maintained windows and doors. Inspect for:

  • Drafts or difficulty opening and closing.
  • Cracks or condensation between panes in double-paned windows.
  • Adequate weatherstripping to prevent energy loss.

7. Basement and Crawl Spaces

Moisture issues in these areas can lead to bigger problems. Look for:

  • Signs of water intrusion, such as dampness or a musty smell.
  • Cracks in the foundation walls.
  • Evidence of termites or other pests.

8. Exterior Features

The home’s exterior sets the first impression and protects it from the elements. Examine:

  • The condition of siding, brick, or stucco.
  • Drainage around the property to ensure water flows away from the foundation.
  • Decks, patios, and fences for rot or structural issues.

Benefits of a Pre-Listing Inspection for Sellers

A pre-listing inspection offers sellers several advantages:

  • Avoid Surprises: Address issues before buyers discover them.
  • Streamline Negotiations: Reduce the likelihood of repair requests or credits.
  • Enhance Marketability: Showcase your home as move-in ready.

Additional Tips for Buyers and Sellers

  • Be Present: Attend the inspection to ask questions and see issues firsthand.
  • Hire a Qualified Inspector: Look for licensed and experienced professionals with good reviews.
  • Request a Detailed Report: Ensure the inspector provides a comprehensive report with photos and descriptions of any concerns.
  • Prioritize Repairs: For sellers, focus on cost-effective fixes that add value and attract buyers.

What to Do After the Inspection

For Buyers:

  • Review the report with your real estate agent.
  • Negotiate repairs or credits with the seller if necessary.
  • Decide to move forward with the purchase, renegotiate, or walk away if issues are significant.

For Sellers:

  • Use the inspection report to make strategic repairs.
  • Highlight completed repairs in your listing to attract buyers.
  • Work with your agent to set a competitive price based on the home’s condition.

Whether you’re buying or selling, a home inspection is a valuable tool for making informed decisions. By addressing potential issues upfront and working with trusted professionals, you can ensure a smoother transaction and a better outcome.

 


If you’re navigating the real estate process and have questions about inspections or other steps, feel free to reach out. I’m here to guide you every step of the way!

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Florida Real Estate Market Trends January 16, 2025

Fort Lauderdale December 2024 Area Report

Fort Lauderdale December 2024 real estate statistics have been released.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses


Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.


Single Family Home Area Report listed first, Condo/Townhouses listed second:


Please contact me if you would like to be sent updated area market reports for Fort Lauderdale or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Home Sellers and BuyersHomeowner January 14, 2025

It is Organize Your Home Day!!

Happy Organize Your Home Day! Declutter, refresh, and get ready to make your space shine. Here are 5 expert tips to help you create a home you love!

Top 5 Ways to Organize Your Home: Tips from Your Trusted Real Estate Agent

Did you know January 14th is Organize Your Home Day? Whether you’re getting ready to list your home, have recently moved in, or just want to enjoy a more harmonious space, organizing is the perfect way to start the year fresh. As a real estate agent, I’ve seen firsthand how a well-organized home not only looks better but also feels better. Let’s dive into my top 5 tips for organizing your home, making it a more welcoming and functional space.

1. Declutter First, Organize Second You can’t organize clutter. Start by assessing what you truly need and love in each room. Donate, recycle, or toss items that no longer serve you. A great rule of thumb is the one-year rule: if you haven’t used it in a year, it’s time to let it go.

Pro Tip for Sellers: Decluttering makes your home appear larger and more appealing to buyers. Plus, you’ll have fewer items to pack when you move.

2. Create Zones in Each Space Designate specific areas for different activities or items. For example, in your kitchen, group similar items like baking tools, spices, or snacks together. In living spaces, create zones for entertainment, reading, and relaxation.

Pro Tip for Buyers: When touring homes, look for spaces that can be easily zoned for your needs. This can help you visualize how your belongings will fit.

3. Invest in Storage Solutions Use storage containers, bins, and baskets to keep items organized. Clear bins work wonders for visibility, while decorative baskets add style to shelves and counters. Don’t forget vertical storage options like wall hooks, pegboards, or shelving units.

Pro Tip for Homeowners: Utilize underused spaces like under the bed or high shelves in closets for seasonal items or rarely used belongings.

4. Label Everything Labels bring clarity and consistency to your organization efforts. Whether you’re using a label maker or handwritten tags, clear labeling ensures everyone in the household knows where things belong.

Pro Tip for Families: Labels are especially helpful for kids, encouraging them to tidy up after themselves.

5. Schedule Regular Maintenance Organization isn’t a one-and-done task. Set a routine to revisit and refresh your spaces. Monthly check-ins help keep clutter at bay and ensure everything remains functional and tidy.

Pro Tip for Sellers: Before showings, do a quick walk-through to ensure your organized spaces look pristine and inviting.

Organizing your home not only enhances your daily life but also adds value to your property. Whether you’re staying put, buying, or selling, an organized home is always a step in the right direction.

Happy Organize Your Home Day! — Your trusted real estate partner.


If you’re thinking about selling or need advice on staging your home, I’m here to help. Let’s make your space work for you — and for potential buyers!

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

 

Florida Real Estate Market Trends January 12, 2025

Coldwell Banker Global Luxury® 2025 Trend Report

Coldwell Banker Global Luxury® 2025 Trend Report

 

Highlights in the report:

 

LUXURY IS A BRIGHT SPOT

Growth in the luxury housing sector continues to defy broader market trends, outpacing the traditional real estate market. Annual luxury home prices for single-family homes grew by 7.6% – twice the rate of the traditional market at 3%. Luxury condo prices grew by 6.5%, compared to 3% in the traditional market. Lower mortgage rates, higher inventory, and improved market conditions have sent expectations soaring for 2025.

THE GROWING POWER OF “SHE-ELITES”

Affluent women, or “she-elites,” are emerging as a dominant force in luxury real estate.

Women with a net worth of over $5 million now own 15.2% of U.S. luxury real estate and 13.1% globally.

NEW DRIVERS FOR THE WEALTHY

A new list of needs is driving high-net-worth individuals to seek primary and secondary residences beyond traditional destinations like New York and London, in favor of cities like Dubai and Singapore, or locales rich in cultural richness and tranquility such as Melbourne and Lisbon. These drivers – based on insight from Luxury Property Specialists and Barton Consulting – include lower taxes, climate, economic opportunities and lifestyle preferences.

⇓ Click below for the FULL 2025 Trend Report ⇓

*Best viewed in Full Screen mode* -or- You can download as a pdf right to your computer for excellent viewing!

Are you ready to be a part of this exciting 2025 luxury market?! Let’s make a time to meet and discuss how to get you there!

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

AnnetteDammeyer.com

SL3535792

 

Florida Real Estate Market Trends January 3, 2025

Fort Lauderdale November 2024 Area Report

Fort Lauderdale November 2024 real estate statistics have been released.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses


Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.


Single Family Home Area Report listed first, Condo/Townhouses listed second:

 

 


Please contact me if you would like to be sent updated area market reports for Fort Lauderdale or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

 

 

Florida Real Estate Market Trends January 3, 2025

SE Florida Market Snapshot – December 2024

Market Trends in SE Florida

Happy New Year! The real estate market is ever-evolving. I welcome any discussions you may want to have regarding your neighborhood or some of the headlines that have affected the real estate market. Please reach out to chat, even if you are not ready to buy or sell, but just would like to discuss current trends and updates. Here are the Market Snapshots reflecting the last month for the following areas:

  • Fort Lauderdale
  • Wilton Manors
  • Hollywood
  • Dania Beach
  • Hallandale Beach

These take into account all property types (Single Family Homes/Condos/Townhomes).



Contact me today to discuss the changes in real estate including Buyer or Seller representation contracts or current market trends. Please call or email me if you would like to be automatically sent detailed market reports for Fort Lauderdale, another SE Florida city, or your neighborhood. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Homeowner December 17, 2024

7 Sounds Homeowners Should Never Ignore

Sounds Homeowners Should Never Ignore and What They Could Mean

Your home speaks to you in subtle ways. Some sounds are routine—the hum of the refrigerator or the creak of a floorboard. However, others can signal serious problems that, if ignored, may result in costly repairs or dangerous situations. As a homeowner, learning to identify which sounds warrant immediate attention can save you money, stress, and even protect your family’s safety.

Here are seven common household sounds you should never ignore and what they might mean.


1. Banging or Knocking in the Pipes

What it sounds like: A loud banging or knocking noise coming from your plumbing when you turn on the water or shut it off.

What it means: This is often referred to as water hammer, caused by a sudden stop or change in water flow. The force sends shockwaves through the pipes, resulting in a loud noise. If left unchecked, it can loosen pipe connections, damage valves, or cause leaks.

What to do: Install a water hammer arrestor or have a plumber inspect your pipes to prevent long-term damage.


2. Scratching or Scurrying in the Walls or Attic

What it sounds like: Persistent scratching, rustling, or scurrying sounds coming from behind walls, ceilings, or in the attic.

What it means: These noises often indicate rodents, insects, or other pests have made your home theirs. Mice, rats, squirrels, and raccoons can cause extensive damage by chewing wires, insulation, and structural materials.

What to do: Contact a pest control professional immediately. Ignoring this sound could lead to infestations or even fire hazards from chewed electrical wiring.


3. Hissing Near Gas Appliances or Lines

What it sounds like: A faint hissing sound near a gas stove, water heater, or gas line.

What it means: This could indicate a gas leak, which is extremely dangerous. Natural gas leaks can cause health problems, explosions, or fires.

What to do: Leave the house immediately if you suspect a gas leak. Do not use electrical switches or create sparks. Call your gas company or emergency services for assistance.


4. Grinding from Your HVAC System

What it sounds like: A loud grinding or squealing noise coming from your furnace, air conditioning unit, or vents.

What it means: Grinding noises typically occur when HVAC components, like the blower motor or fan blades, are wearing down or obstructed. It can also signify a failing compressor or loose parts.

What to do: Turn off the system immediately and call an HVAC technician. Prolonged operation can cause further damage or expensive repairs.


5. Dripping or Running Water Sounds

What it sounds like: The sound of water dripping, running, or trickling when no faucets are in use.

What it means: This often signals a hidden leak in your plumbing, walls, or roof. Undetected water leaks can cause mold growth, structural damage, and costly repairs over time.

What to do: Check for visible signs of water damage, like stains or mold. Contact a plumber or home inspector to identify and repair the source of the leak.


6. Buzzing from Electrical Outlets or Panels

What it sounds like: A faint buzzing or humming noise near electrical outlets, breaker panels, or light switches.

What it means: This can indicate a loose wire, overloaded circuit, or faulty electrical system. Electrical problems are serious and can result in fires or electrocution if left unresolved.

What to do: Turn off the power to the affected area and contact a licensed electrician immediately.


7. Loud Pops or Cracks in the Walls or Ceilings

What it sounds like: Sharp cracking, popping, or snapping sounds, especially during changes in temperature.

What it means: These noises can be caused by natural expansion and contraction of materials like wood or drywall. However, they may also indicate structural issues, such as foundation movement or settling, particularly if accompanied by visible cracks.

What to do: If you notice frequent or worsening sounds, along with visible cracks in walls or ceilings, consult a structural engineer to assess the foundation.


Why You Should Pay Attention to These Sounds

While some household noises are harmless, ignoring the wrong ones can lead to bigger issues. Water damage, electrical fires, pest infestations, and structural failures often start with subtle sounds. Taking action early can mean the difference between a simple fix and a catastrophic repair.


Final Thoughts

Your home is one of your biggest investments, and learning to listen to it can keep it safe, functional, and in great condition. If you hear any of the sounds mentioned above, don’t wait to take action. Call the appropriate professional—whether it’s a plumber, electrician, pest control expert, or HVAC technician—to diagnose and resolve the issue before it escalates.

Remember: When it comes to unusual sounds in your home, it’s always better to be safe than sorry.


Please contact me to set up a meet and greet and discuss how we can work together to accomplish your real estate goals.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Florida Real Estate Market Trends December 2, 2024

SE Florida Market Snapshot – November 2024

Market Trends in SE Florida

It is December already! The real estate market is ever-evolving. I welcome any discussions you may want to have regarding your neighborhood or some of the headlines that have affected the real estate market. Please reach out to chat, even if you are not ready to buy or sell, but just would like to discuss current trends and updates. Here are the Market Snapshots reflecting the last month for the following areas:

  • Fort Lauderdale
  • Wilton Manors
  • Hollywood
  • Dania Beach
  • Hallandale Beach

These take into account all property types (Single Family Homes/Condos/Townhomes).



Contact me today to discuss the changes in real estate including Buyer or Seller representation contracts or current market trends. Please call or email me if you would like to be automatically sent detailed market reports for Fort Lauderdale, another SE Florida city, or your neighborhood. I am here to help.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends November 7, 2024

Fort Lauderdale October 2024 Area Report

Fort Lauderdale October 2024 real estate statistics have been released.

Fort Lauderdale Area Reports

Single Family Homes

Condominium & Townhouses


Commonly asked questions while reviewing the reports:

What is the difference between “Median Sales Price” and “Average Sales Price”?

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.

Average Sales Price | Average sales price for all properties sold.

What does “Absorption Rate” mean?

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.


Single Family Home Area Report listed first, Condo/Townhouses listed second:


Please contact me if you would like to be sent updated area market reports for Fort Lauderdale or another SE Florida city. We can discuss the market, current trends and how we can work together to accomplish your real estate goals.

CONTACT ANNETTE

Let’s start working together!

Annette Dammeyer, REALTOR®, ABR®, AHWD®

Coldwell Banker Realty

901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579