Florida Real Estate Market TrendsMarket Report December 1, 2023

SE Florida Market Snapshot

Happy December! Here are the Market Snapshots reflecting the last 30 days for the following areas:

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

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

Please contact me if you would like to be automatically sent updated area Market Snapshots for Fort Lauderdale or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

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 TrendsMarket Report November 1, 2023

SE Florida Market Snapshot

Happy November! Here are the Market Snapshots reflecting the last 30 days for the following areas:

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

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


Please contact me if you would like to be automatically sent updated area Market Snapshots for Fort Lauderdale or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

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

Events October 23, 2023

EVENTS!!! End October with Boats, Boos and Brews!

October is always a festive time of year in the greater Fort Lauderdale area with events for everyone in the family. Of course, the huge event is the Fort Lauderdale International Boat Show! There are so many events that I could not list them all, but I tried hard to provide a list of events in the area for kids of all ages. CLICK on the links to take you directly to the information for that event!


Fort Lauderdale International Boat Show – October 25-29

Meet Guy Harvey at FLIBS – October 25-29

The Haunt – October 26-31 Davie, FL

Boo Bash – October 27 Pompano Beach, FL

Halloween Bash – October 27 Oakland Park, FL

Fall Festival – October 27 Dania Beach, FL

Fort Lauderdale Halloween Bar Crawl 2023 – October 28

Hollyweird Downtown Hollywood Block Party – October 28

Howl-O-Ween Family Fest – October 28 Pembroke Pines, FL

Fort Lauderdale Auto Show – October 28 – Broward Convention Center

Nightmare on Montrose Halloween Event – October 28 Miami Lakes, FL

Fall Festival – October 28 Margate, FL

Dias De Los Muertos Festival – October 28 Doral, FL

Harvest Festival Weekend at Flamingo Gardens – October 28-29 Davie, FL

Horse and Hound Costume Event – October 29 Pompano Beach, FL

Halloween Bar Crawl – October 31 Fort Lauderdale Las Olas

6th Annual Halloween Block Party & Costume Contest – October 31 Oakland Park, FL

Halloween Spooktacular – October 31 Lauderdale Lakes, FL

The Horrorland Scream Park – October 31 Jungle Island, FL

Safe Streets Halloween – October 31 South Miami, FL


I hope you are able to enjoy one or more of these events to end October in SE Florida!! 

While you are out and about, if you find a not-so-haunted home you are interested in buying, don’t be scared, call me to help you in your next buying adventure! And, if it is time to sell your current property, contact me to get it on the market and sold (no tricks, just treats)!

Be safe and enjoy the boats, yachts, candy and fun!

 

Annette Dammeyer, REALTOR

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 October 11, 2023

Fort Lauderdale September Area Report

How is the Fort Lauderdale Real Estate Market?

September 2023 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. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

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

Events July 1, 2023

4th of July Events & Safety Tips Copy

Celebrate 4th of July in SE Florida

 

4th of July Spectacular on Fort Lauderdale Beach

4th of July Spectacular on Fort Lauderdale Beach


July 4th on Hollywood Beach

July 4th on Hollywood Beach


 

City of Sunrise Celebrates July 4th with Parade, Concert & Fireworks

 


City of Deerfield Beach July 4th Celebration


As always, I like to gently remind everyone about taking safety precautions on the 4th of July

Top 10 Pet Summer Safety Tips from Petfinder

 

1. Keep Your Cat Safe on the Fourth of July

  • Be sure your cat is wearing an up-to-date and visible ID tag on their collar at all times.
  • Take a current photo of your cat.
  • Give your cat a good play session before people come over for any celebrations.
  • Ask guests to keep an eye out for your cat, to be sure they don’t escape.
  • Keep charcoal, fireworks, sparklers and glow sticks far from curious cats.
  • Put your cat in a safe, escape-proof room during parties and fireworks.
  • If your cat is afraid of loud noises, leave gentle music playing to cover the fireworks.

 

2. Keep Your Dog Safe on the Fourth of July

  • Be sure your dog is wearing an up-to-date and visible ID tag on their collar at all times.
  • Take a current photo of your dog.
  • Exercise your dog early in the day before parties begin.
  • During cookouts, ask guests to play with your dog away from the flames.
  • Keep charcoal, fireworks, sparklers and glow sticks far from curious canines.
  • Keep dog treats on hand for those who want to give your dog food.
  • Leave your dog at home with a frozen stuffed treat during the fireworks.
  • If your dog is afraid of loud noises, leave gentle music playing to cover the fireworks.

 

3. 5 Tips to Prevent Lost Pups

  • Be sure your dog wears their collar with a clearly visible ID tag at all times
  • Update your dog’s microchip information or get them microchipped if they haven’t already been.
  • During parties, be sure to inform guests that all gates and doors need to be securely latched to prevent your dog from wandering.
  • If your dog is stressed by parties, consider keeping them in a safe room with their favorite toys away from your guests.
  • Leave your dog at home during Independence Day fireworks to avoid a stressed and scared pup running away in the dark.

 

4. Keep Your Cat from Becoming Lost

  • Check that your cat’s collar fits securely and that their tag is easy to read with your current information.
  • Update your microchip information! If your cat doesn’t already have a microchip, make an appointment with your veterinarian or call your local shelter about microchip clinics.
  • Put your kitty with their food, water and a litter box in an enclosed area with a visible sign declaring that the cat is inside and must not be allowed out.
  • Prepare in advance. Make sure that you have current, clear photos of your cat ready for lost flyers.
  • Ask your guests to keep an eye out for your cat during the festivities.

 

5. Keep Your Dog Safe at a Cookout

  • Be sure your dog is wearing a visible and up-to-date ID tag on their collar before the party begins.
  • Keep charcoal, matches and lighter fluid away from your dog.
  • Consider keeping your pup on a leash so they don’t explore hot grills or tables of food.
  • While grilling, ask guests to play with your dog far from the flames.
  • Place citronella and other insect-repellants where your dog can’t reach them.
  • Never leave alcohol unattended around your dogs.
  • Check that all sunscreen or insect repellant you apply to your dog is labeled for use on pets.
  • Don’t let guests give your pup people food. Consider having a bag of treats on hand.
  • Be sure all children are supervised when near your dog to avoid any roughhousing.
  • If your pup seems overwhelmed, bring them inside and put them in a quiet area away from guests.

 

6. Heatstroke is deadly for dogs

The signs of heatstroke include:

  • Excessive or exaggerated panting
  • Lethargy
  • Weakness
  • Drooling
  • High fever
  • Dark red gums
  • Rapid heartbeat
  • Unresponsiveness to commands and surroundings
  • Vomiting
  • Collapse
  • Staring/anxious expression
  • Warm/dry skin

If you think your dog may have heatstroke, head straight to your vet’s office. It could save their life!

 

7. Learn the Signs of Heatstroke in Cats

The signs of heatstroke include:

  • Restlessness as your cat searches for a cooler spot
  • Excessive grooming
  • Panting
  • Sweaty paws
  • Drooling
  • Redness of the tongue and mouth
  • Rapid breathing
  • Vomiting
  • Stumbling
  • Extreme lethargy
  • Unresponsiveness
  • High fever

If you think your cat may have heatstroke, head straight to your vet’s office. It could save their life!

 

8. How You Can Help Dogs in Hot Cars

  • Call your local animal control or police department to report a pet in a car. Inform them if the pet appears to be in distress.  Endangering a dog by leaving them in a car is against the law in many places.
  • Try to find the pet parent. Note the license plate number, color, make and model of the car. Go to the nearest store or mall security office and ask them to make an announcement over the loudspeaker that a dog has been left in a car and needs help.
  • Keep an eye on the car until the guardian or animal control arrive.
  • Consider leaving our Never Leave a Dog in a Car infographic on the car to educate the guardian.

 

9. 4 Steps to Help Pets in Cars

  • Call your local animal control or police department to report a pet in a car. Inform them if the pet appears to be in distress.  Endangering a pet by leaving them in a car is against the law in many places.
  • Try to find the cat’s parent. Note the license plate number, color, make and model of the car. Go to the nearest store or mall security office and ask them to make an announcement over the loudspeaker that a cat has been left in a car and needs help.
  • Keep an eye on the car until the guardian or animal control arrive.
  • Consider leaving our Never Leave a Pet in a Car infographic on the car to educate the guardian.

 

10. Tell Me!

Tell me about your hot weather and summer safety tips for your pet!



Alternatives to Using Fireworks While Celebrating


I wish you a safe and wonderful 4th of July!!

Please contact me for any questions or assistance you may need, I am here to help.

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends June 8, 2023

Fort Lauderdale May Area Report

May 2023 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. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

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 May 8, 2023

Fort Lauderdale April Area Report

April 2023 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.


Fort Lauderdale Area Report for Single Family Homes:


Fort Lauderdale Area Report for Condominiums and Townhomes:

 


Please contact me if you would like to be automatically sent updated area market reports for Fort Lauderdale or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

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

Market Report May 1, 2023

Fort Lauderdale Market Snapshot

Happy May Day!

Fort Lauderdale, FL has an active real estate market. Here are the April, 2023 Market Snapshot reports for both Single Family Homes and Condos.

Be sure to sign up for future blogs for monthly Fort Lauderdale updates or sign up for your specific desired Neighborhood News updates for the area of your choice at: https://annettedammeyer.com/neighborhood-news.


April 1st-30th Single Family Home Market Snapshot


April 1st-30th Condominium Market Snapshot


Stay on top of the local real estate market by signing up for future blogs by entering your email in subscribe link on my blog page! Contact me for any questions you may have or to discuss how I can help you with your real estate goals.

Annette Dammeyer, REALTOR

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 April 7, 2023

Fort Lauderdale Area Reports

March 2023 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.


Fort Lauderdale Area Report for Single Family Homes:


Fort Lauderdale Area Report for Condominiums and Townhomes:


Please contact me if you would like to be automatically sent updated area market reports for Fort Lauderdale or another SE Florida city. I am here to help.

Let’s start working together!

Annette Dammeyer, REALTOR

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 March 1, 2023

NEW CONDO LAW – Key Takeaways of SB 4-D

Senate Bill 4-D

What is Senate Bill SB 4-D?

SB 4-D is a law passed by the Florida Legislature during Special Session 2022D on
May 26, 2022. The law was the Legislature’s response to the collapse of the
Champlain Towers South condominium on June 24, 2021 in Surfside, FL.

*The Florida Senate will convene on March 7, 2023 for the 2023 Regular Session.  There may be amendments to SB 4-D in the future.* 

 

Some condominiums associations are now required to obtain 2 new reports by December 31, 2024. 

Some key takeaways on the 2 required reports include:

 

  1. Milestone Inspection Report – Report about the adequacy of structural components of a condo building for life safety purposes.
    1. Requires condominium and cooperative association buildings that are three or more stories
      in height to have a “milestone inspection” of the buildings’ structural integrity by an
      architect or engineer when a building reaches:
      30 years of age and every 10 years thereafter, or
      25 years of age and every 10 years thereafter if the building is located within
      three miles of a coastline.
    2. Requires, if a milestone inspection is required and the building’s certificate of occupancy
      was issued on or before July 1, 1992, the building’s initial milestone inspection to be
      performed before December 31, 2024.
    3. Requires that a phase one milestone inspection must commence within 180 days after an
      association receives a written notice from the local enforcement agency.
    4. Requires a phase two milestone inspection if there is evidence of “substantial structural
      deterioration” as determined by a phase one inspection.

For the full text of SB 4-D  and additional information on the Milestone Inspection Report, visit the Florida Senate Website and click on bill text: https://flsenate.gov/Session/Bill/2022D/4D

 

2. Structural Integrity Reserve Study (SIRS). Study of reserve funds required for future major repairs and replacement of common areas of a condo.

  1. Requires condominium associations and cooperative associations to complete a structural
    integrity reserve study every 10 years for each building in an association that is three stories
    or higher in height. 
  2. Requires associations existing on or before July 1, 2022, that are controlled by non-developer unit owners to have a structural integrity reserve study completed by December 31, 2024 and then every 10 years thereafter.
  3. Defines “structural integrity reserve study” as a study of the reserve funds required for
    future major repairs and replacement of the common elements based on a visual inspection
    of the common elements.
  4. The amount required to be funded is based on the amount listed in the study.
  5. Requires the structural integrity reserve study to include a visual inspection, state the
    estimated remaining useful life, and the estimated replacement cost of the:
    ▪ roof
    ▪ load bearing walls or other primary structural members
    ▪ floor
    ▪ foundation
    ▪ fireproofing and fire protection systems
    ▪ electrical systems
    ▪ waterproofing and painting
    ▪ windows
    ▪ plumbing
    ▪ any item with a deferred maintenance or replacement cost that exceeds $10,000
    that will negatively affect any of the foregoing items
  6. Prohibits the waiving, reducing or using the reserves for another purpose for those items
    required in the structural integrity reserve study.

For the full text of SB 4-D  and additional information on the Structural Integrity Reserve Study, visit the Florida Senate Website and click on bill text: https://flsenate.gov/Session/Bill/2022D/4D/?Tab=BillText


What does this mean for Buyers and Sellers of condominium properties that are required to obtain these reports?

Keep in mind, the reports are not due to be completed until 12/31/2024, so many condos have not had their reports completed. If a seller and buyer enter into a contract for the purchase of a condo:


 

The Florida Senate will convene on March 7, 2023 for the 2023 Regular Session. There may be amendments to SB 4-D in the future. 

DISCLAIMER: The foregoing is a summary of the statutory changes and should not
be relied on as legal advice or a complete explanation of the changes. Every situation
is different, and you should seek qualified legal advice before making a decision.

Please feel free to contact me with your real estate needs and questions. I cannot give any legal advice and I would direct you to your legal representative and/or the Board of Directors at your condo association for further information regarding SB 4-D. 

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792