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!
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.
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.
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.
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.
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.
It is November 1st 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 the NAR Settlement, Buyer and Seller options or 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.
The Importance of Camera Pipe Inspections: What Every Homebuyer and Seller Should Know
When it comes to buying or selling a home, most people think of inspections related to the roof, foundation, or electrical systems. However, there’s one crucial area that often gets overlooked: the pipes beneath the home.
Camera Pipe Inspection
A camera inspection of the plumbing system is a vital step in ensuring the overall health and longevity of the property’s infrastructure. Whether you’re purchasing your dream home or selling an older property, understanding the condition of the pipes can save you from future headaches and costly repairs.
What is a Camera Pipe Inspection?
A camera pipe inspection involves using a small, high-definition camera attached to a flexible rod that is fed through the plumbing system. This camera provides a real-time view of the inside of the pipes, allowing inspectors to identify issues that are not visible to the naked eye. This non-invasive method can assess the state of both sewer and water lines without the need for extensive digging or wall removals.
Why a Camera Inspection is Critical
Unseen Damage and Blockages
Pipes can deteriorate or become clogged over time due to various factors, such as tree roots, soil movement, or wear and tear from everyday use. The camera inspection can reveal blockages, cracks, leaks, or even collapses in the pipes. Early detection of these issues can prevent more serious problems down the road, such as sewage backups or flooding.
Galvanized Pipes: A Hidden Danger
Homes built before the 1960s may have galvanized pipes, which were once a common choice for plumbing. These pipes are made of iron and coated in zinc to prevent rusting. However, over time, the zinc layer can erode, causing the pipes to corrode and rust from the inside out. This corrosion can lead to reduced water pressure, leaks, and even contamination of the water supply with rust particles. A camera inspection will identify the presence and condition of galvanized pipes so that homeowners can plan for repairs or replacement.
Polybutylene Pipes: A Known Hazard
If your home was constructed between the late 1970s and mid-1990s, there’s a chance it has polybutylene (poly) pipes. These pipes were once considered a breakthrough due to their low cost and ease of installation. However, poly pipes have been found to be highly prone to deterioration and leaks, especially when exposed to chlorine and other oxidants commonly found in public water supplies. A camera inspection can quickly reveal the presence of poly pipes and any degradation that may have occurred, helping homeowners decide whether immediate pipe replacement is necessary.
Identifying Pipe Materials
In addition to detecting issues, camera inspections help identify the types of materials used in the plumbing system. Whether it’s PVC, copper, cast iron, or older materials like clay or lead, knowing the material composition of your pipes can give insight into their expected lifespan and the potential risks involved. For example, lead pipes pose a significant health hazard and should be replaced, while cast iron pipes, though durable, can rust over time.
Prevent Expensive Surprises
Whether you’re buying or selling, a camera inspection provides peace of mind by ensuring that the plumbing system is in good working order. For buyers, it can prevent unexpected, costly repairs after closing. For sellers, it helps avoid negotiation hurdles or requests for repair credits. Plus, having a clean bill of health on your plumbing system can be a valuable selling point.
Common Issues Found During Pipe Inspections
Tree Root Intrusion: Roots naturally grow toward sources of water, which makes pipes an attractive target. They can infiltrate through small cracks or joints, causing blockages and damage over time.
Pipe Corrosion: Metal pipes, especially galvanized or cast iron, can corrode over time. Corrosion weakens the pipe walls, leading to leaks and structural damage.
Misaligned or Sagging Pipes: As the ground shifts or settles, pipes may shift or sag, leading to poor drainage and potential for blockages.
Clogs and Buildup: Over time, debris, grease, and mineral deposits can build up inside the pipes, reducing water flow and leading to clogs. A camera inspection can help pinpoint where the buildup is most severe.
When Should You Get a Pipe Inspection?
While most homeowners wait until they experience plumbing problems to inspect their pipes, it’s a good idea to be proactive. Here are a few situations where scheduling a camera inspection is highly recommended:
Before purchasing an older home (especially one with galvanized or polybutylene pipes)
Before selling your home to identify any issues that might need repair before listing
If you notice slow drainage, frequent clogs, or low water pressure
After a significant outdoor landscaping project that may have affected underground pipes
The Bottom Line
A camera inspection of your home’s pipes is a small investment that can provide invaluable insight into the health of your plumbing system. It helps homeowners and buyers alike avoid unpleasant surprises, ensures the longevity of the home’s infrastructure, and can even boost the marketability of a property. Whether you’re dealing with older galvanized pipes, the infamous polybutylene piping, or just want peace of mind, this inspection is a must-have for any savvy homeowner.
Don’t wait for a major plumbing disaster to find out what’s lurking beneath your home. Schedule a camera pipe inspection today!
With over a decade of experience as a real estate professional, I can provide insights and resources to help you sell or buy your property. Contact me today, I am here to help.
Fort Lauderdale September 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 automatically sent updated area market reports for Fort Lauderdale or another SE Florida city. We can discuss the market, current trends and how I can help you.
This new flood disclosure requirement starts October 1, 2024. This will help home sellers with transparency in their disclosures and it will allow residential home buyers to have crucial information prior to executing a sales contract. This disclosure must be done at or before the time of a contract being executed.
You can read the article by Maria Marchante below:
New Florida Flood Disclosure Requirements Coming
Florida sellers must disclose flood damage history to buyers before contract signing to provide transparency in real estate transactions.
ORLANDO, Fla. – Starting October 1, 2024, there is a new flood disclosure requirement in Florida. Florida Statute 689.302 requires a seller to complete and provide a flood disclosure to a buyer of residential real property. This disclosure must be done at or before the time of a contract being executed.
Sellers will need to disclose:
Whether they have filed a claim with their insurance provider relating to flood damage on the property.
Whether they have received federal assistance for flood damage to the property.
For purposes of the new disclosure, “flooding” is defined as a general or temporary condition of partial or complete inundation of the property caused by any of the following:
The overflow of inland or tidal waters
The unusual and rapid accumulation of runoff or surface waters from any established water source
Sustained periods of standing water resulting from rainfall. Some examples of an established water source can be a river, a stream, or a drainage ditch.
Currently, Florida courts are split as to whether the tendency to flood is “readily observable.” This matters because if the tendency to flood is readily observable, then there is not a requirement this information be disclosed to a buyer of residential real property. If a buyer is not familiar with an area, they may have no clue the property tends to flood. This can be especially true when the flooding is seasonal.
The Federal Emergency Management Agency (FEMA) has the authority to designate properties as a “severe repetitive loss property.” This means that the home has flooded twice, with damage totaling the value of the property OR which have flooded four times with at least $5,000 of damage each time. There are roughly 45,000 of these properties in the United States, and about 3,100 are in Florida.
FEMA’s policy is to share past flood history with ONLY a property owner who holds an active flood insurance policy. This means that prospective buyers are unable to get this information prior to closing on the home.
Additionally, homeowners’ insurance policies tend to not cover damage resulting from floods. Buyers should always be encouraged to discuss their need to purchase separate flood insurance coverage with their insurance agent.
This new disclosure requirement will allow buyers to have crucial information prior to executing a sales contract.
Maria Marchante is Associate General Counsel
Note: Information deemed accurate on date of publication
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