Fort Lauderdale March 2025 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:
We are entering a new real estate market in SE Florida. This is the time to work with an experienced and knowledgeable real estate professional. 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. I am here to help.
The real estate market is adjusting. The most obvious trends are fewer number of properties sold and the increase in months of supply of inventory, leaning towards a “buyer’s market”. Seller’s are now reassessing their asking price on their properties for sale. This is a great time to consider a decrease in asking price if the property has been on the market without active offers. 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 (compared to the same month last year) 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).
With the rapidly changing real estate market, now is the time to make informed decisions. Contact me today to discuss the current market trends and how we can work together to accomplish your real estate goals. 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.
Spring is the perfect time for a fresh start, and this month I’m excited to share ideas to help you revamp your kitchen cabinets, spruce up your small outdoor space, and strike the perfect balance between retro charm and modern style. Plus, in honor of Fair Housing, I’m reflecting on its importance in our community and providing the latest real estate market report to keep you informed. As your local real estate professional, I’m always here to help you navigate the ever-changing market and make the most of your home — whether you’re redesigning or ready to make a move!
Revamp Your Kitchen: Should You Replace or Reface Your Cabinets?
Should You Replace or Reface Your Kitchen Cabinets?
Whether you are making home improvements for your own living space or preparing your property for sale, I can assist you. I can also introduce you to RealVitalize®, our program that provides home sellers with home improvement resources during the listing period, with no upfront costs or interest fees. I am here to help.
Are you dreaming of a kitchen makeover but unsure whether to replace or reface your cabinets? As a real estate professional, I’ve seen firsthand how a fresh look in the kitchen can elevate your home’s value and appeal. Let’s dive into the options, costs, and step-by-step process to help you make the best decision for your home.
Replacing vs. Refacing: What’s the Difference?
Replacing Cabinets: This involves removing old cabinets and installing brand-new ones. It allows for a complete redesign, providing the freedom to change the layout and style.
Refacing Cabinets: This option keeps your existing cabinet framework while replacing doors, drawer fronts, and veneer surfaces. It offers a cost-effective refresh without the hassle of a full renovation.
When to Reface Your Kitchen Cabinets
Refacing is a great option if:
The cabinet boxes are structurally sound and free from water damage.
You’re happy with the current layout.
The goal is a budget-friendly and time-saving makeover.
Avoid refacing if:
The cabinets have mold, warping, or weak structure.
You want to alter the kitchen layout.
The cabinet interiors are heavily worn.
Options for Refacing Kitchen Cabinets
Laminate Veneer: Affordable and durable, available in various colors and finishes.
Wood Veneer: Offers a natural look, slightly more expensive.
Paint: A simple DIY option for a fresh, modern look.
New Hardware: Updating knobs and pulls adds a polished touch.
How to Reface Kitchen Cabinets: A Step-by-Step Guide
Preparation: Remove cabinet doors, drawers, and hardware. Clean all surfaces thoroughly.
Surface Prep: Sand cabinet frames and apply a primer if painting.
Apply Veneer or Paint: Carefully attach veneer or paint the surfaces.
Install New Doors/Drawer Fronts: Align and secure them properly.
Add Hardware: Install new knobs, handles, or pulls.
Final Touches: Inspect for any missed spots or uneven finishes.
Costs: Refacing vs. Replacing
Refacing: Typically costs between $4,000 and $9,000, depending on materials and kitchen size.
Replacing: Can range from $10,000 to $25,000 or more, especially if structural changes are needed.
The Real Estate Perspective
Refacing can offer up to a 70-80% return on investment, making it a smart choice if the structure is sound. Replacing is ideal for a total transformation or if structural integrity is compromised.
Ready to Transform Your Kitchen?
Whether you choose to reface or replace, upgrading your kitchen can significantly boost your home’s appeal and value. If you’re considering making a change, I’m here to guide you every step of the way. Let’s create a kitchen that buyers (and you) will love.
Whether you are making home improvements for your own living space or preparing your property for sale, I can assist you. I can also introduce you to RealVitalize®, our program that provides home sellers with home improvement resources during the listing period, with no upfront costs or interest fees. I am here to help.
Fort Lauderdale February 2025 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:
We are entering a new real estate market in SE Florida. 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. I am here to help.
The real estate market is adjusting. The most obvious trend is the increase in inventory and the months of supply leaning towards a “buyer’s market”. Seller’s are now reassessing their asking price on their properties for sale. This is a great time to consider a decrease in asking price if the property has been on the market without active offers. 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).
With the rapidly changing real estate market, now is the time to make informed decisions. Contact me today to discuss the current market trends and how we can work together to accomplish your real estate goals. 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.
7 Ways Florida Homeowners Can Save Money on Their Tax Returns
As an experienced real estate professional, I’m here to share some insider tips that can help Florida homeowners save money on their tax returns. However, please note that these tips should not be deemed legal or financial advice. Always consult with a tax professional for personalized assistance.
1. Homestead Exemption
One of the biggest tax-saving opportunities for Florida homeowners is the Homestead Exemption. This exemption allows homeowners to deduct a portion of their home’s value from their property taxes, potentially saving hundreds of dollars each year. To qualify, you must use the property as your primary residence and file the necessary paperwork by March 1st.
2. Mortgage Interest Deduction
If you have a mortgage on your home, you may be eligible to deduct the interest paid on your loan from your federal income taxes. This can result in substantial savings, especially in the early years of your mortgage when interest payments are higher. Be sure to keep detailed records of your mortgage interest payments and consult with a tax professional to ensure you maximize this deduction.
3. Property Tax Deduction
Florida homeowners can also deduct property taxes paid on their primary residence from their federal income taxes. This deduction can add up to significant savings, especially for those in high-tax areas. Remember to keep all property tax receipts and documentation to support your deduction.
4. Energy-Efficient Home Improvements
Making energy-efficient upgrades to your home can qualify you for various tax credits and deductions. Federal tax incentives are available for improvements such as installing solar panels, energy-efficient windows, and insulation. These upgrades not only save you money on your taxes but can also lower your energy bills in the long run.
5. Home Office Deduction
If you run a business from your home, you may be eligible for the home office deduction. This deduction allows you to write off a portion of your home expenses, such as mortgage interest, property taxes, utilities, and maintenance, based on the percentage of your home used for business purposes. Ensure you meet the IRS requirements for claiming this deduction and maintain thorough records of your business expenses.
6. Capital Gains Exclusion
When selling your primary residence, you may be eligible to exclude up to $250,000 of capital gains (or $500,000 for married couples) from your taxable income. To qualify, you must have owned and lived in the home for at least two of the five years preceding the sale. This exclusion can result in significant tax savings when it’s time to move.
7. Casualty Loss Deduction
Florida homeowners affected by natural disasters, such as hurricanes, may be able to claim a casualty loss deduction. This deduction allows you to write off losses not covered by insurance, helping to offset the financial impact of property damage. Keep detailed records of the damage and repair costs, and consult with a tax professional to determine your eligibility.
Remember, it’s always best to consult with a tax professional to ensure you’re taking advantage of all available tax-saving opportunities and complying with current tax laws. Happy saving!
As an experienced real estate agent, my commitment goes beyond closing deals—it’s about empowering you with the knowledge and guidance you need to make confident decisions. Staying actively involved in our community and continuously expanding my expertise ensures you get the highest level of service. Thank you for placing your trust in me. I’m here to guide you every step of the way with the dedication, insight, and care you deserve.
Understanding Florida’s New Fire Sprinkler Law: A Guide for Homeowners and Condominium Associations
As an experienced real estate agent deeply committed to the safety and well-being of our community, I want to inform you about recent legislative changes in Florida concerning fire safety requirements. The enactment of House Bill 551 in 2025 introduces significant updates to the state’s fire sprinkler regulations, directly impacting homeowners, condominium associations, and property managers.
Key Provisions of House Bill 551
House Bill 551 aims to enhance fire safety standards across Florida by streamlining the permitting process for fire alarm and sprinkler system projects. For associations managing high-rise buildings (generally above six floors or stories in height), the legislation reinforces the necessity of installing either a fire sprinkler system or an Engineered Life Safety System (ELSS). Notable aspects of the bill include:
• Expedited Permitting: Local enforcement agencies are now mandated to issue permits for fire alarm or sprinkler system projects within specified timeframes. This change is designed to reduce delays and facilitate prompt compliance with safety standards.
• Immediate Commencement of Work: Upon permit issuance, authorized work on fire alarm or sprinkler systems can begin immediately, ensuring that safety enhancements are implemented without unnecessary postponements.
• Timely Inspections: The law requires that inspections by local enforcement agencies occur within designated periods, promoting efficiency and accountability in the approval process.
• Onsite Plan Availability: During inspections, contractors must have the relevant plans and specifications readily available for review, ensuring transparency and adherence to approved designs.
• Simplified Permitting Process: By a specified date, local enforcement agencies are required to establish a simplified permitting process, reducing bureaucratic hurdles and encouraging compliance.
Implications for High-Rise Condominium Associations
For associations managing high-rise buildings (generally above six floors or stories in height), the legislation reinforces the necessity of installing either a fire sprinkler system or an Engineered Life Safety System (ELSS). The updated deadlines are as follows:
• Decision Deadline: By January 1, 2024, associations must choose between installing a fire sprinkler system or an ELSS.
• Notification to Authorities: The selected option must be communicated to the local fire code authority by February 1, 2025.
• Engineering and Design: By January 1, 2025, a Florida-registered professional engineer should be engaged to develop the design criteria for the chosen system, with submissions due to the Authority Having Jurisdiction (AHJ) for approval.
• Permitting: Contractors must apply for and obtain the necessary installation permits by January 1, 2026.
• Completion and Inspection: The installation must be finalized, and all required inspections passed by January 1, 2027.
These measures are designed to ensure that high-rise buildings comply with enhanced fire safety standards, thereby safeguarding residents and property.
Action Steps for Homeowners and Associations
Given the importance of these regulations, I recommend the following actions:
1. Stay Informed: Regularly consult official resources, such as the Florida Senate’s website and the State Fire Marshal’s office, to stay updated on any further legislative changes or updates to the Florida Fire Prevention Code.
2. Engage Professionals: Collaborate with licensed engineers and contractors who specialize in fire safety systems to ensure compliance with the new requirements.
3. Plan Financially: Budget for the necessary upgrades, considering potential costs associated with system installation and ongoing maintenance.
4. Communicate Proactively: Keep open lines of communication with residents and stakeholders to inform them about upcoming changes, timelines, and any actions they may need to take.
By proactively addressing these requirements, we can collectively enhance the safety and resilience of our living environments.
Sources:
• House Bill 551 (2025) – The Florida Senate: flsenate.gov
• Fire Sprinkler/ELSS Update for High-Rise Buildings – CALL: callbp.com
• Florida Fire Prevention Code – Florida’s State Fire Marshal: myfloridacfo.com
Staying updated on new laws and policies is not just a part of my job—it’s my commitment to you. By keeping informed, I ensure that you receive the best, most knowledgeable service possible. Thank you for trusting me with your real estate needs; I’m dedicated to providing you with the expertise and care you deserve.
Fort Lauderdale January 2025 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. I am here to help.
All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments, and certain mobile home lots if they qualify. The Florida Constitution provides this tax-saving exemption on the first and third $25,000 of the assessed value of an owner/occupied residence. While a complicated formula is used to explain this — as the additional $25,000 only applies to the non-schools portion of your tax bill in annual tax savings for all homes with a value of $75,000 or higher. Savings depend upon your city’s millage rate
You are entitled to a Homestead Exemption if, as of January 1st, you have made the property your permanent home or the permanent home of a person who is legally or naturally dependent on you. By law, January 1 of each year is the date on which permanent residence is determined.
Broward County:
For additional information on Homestead and Other Exemptions and what you will need to apply for the exemption click the link below:
Filing for your Florida Homestead Exemption is a smart step toward protecting your investment and saving on property taxes. As your local real estate expert, I’m always here to help—whether you have questions about exemptions, buying or selling a home, or anything in between. Don’t hesitate to reach out—I’m just a call or message away and always happy to be a resource for you!
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