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Fort Lauderdale July 2024 Area Report
Fort Lauderdale July 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. I am here to help.
CONTACT ANNETTE
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
SL 353579
Understanding the NAR Settlement: Key Take-a-ways
Understanding the NAR Settlement: What It Means for You as a Homebuyer or Seller
The recent National Association of Realtors (NAR) settlement has been making headlines, and as an experienced real estate professional, I want to ensure you’re well-informed about what this development means for you as a homebuyer or seller. The NAR settlement has sparked discussions about transparency, commission structures, and the overall dynamics of the real estate market. But what are the key facts, and how will they impact your real estate journey? Let’s delve into the essential details so you can navigate the market with confidence and clarity.
NAR has released fact sheets for both Homebuyers and Sellers.
HOMEBUYERS
SELLERS
Key Take-a-ways:
- Compensation remains negotiable
- Seller concessions to buyer and Seller offering compensation to the Buyer’s broker are still allowed
- Buyer Compensation will no longer be allowed to be included anywhere on an MLS (Multiple Listing Service)
- Buyers will be required to sign a written agreement before touring a home with a REALTOR® (virtually or in-person)
Representation:
Homebuyers and Sellers HAVE OPTIONS. As an experienced and knowledgeable real estate professional, I am here to help you understand these changes and how they may affect your home buying or selling process.
Whether you’re a first-time homebuyer looking to understand the new compensation disclosures or a seasoned seller wanting to list your home with the most effective marketing strategy, it’s crucial to stay informed and make educated decisions. The real estate market is evolving, and having a trusted guide by your side can make all the difference.
I invite you to reach out to me with any questions about the NAR settlement and how it specifically impacts your real estate transaction. Together, we can navigate these changes and ensure you achieve your real estate goals with confidence and success. Let’s discuss your unique needs and start your real estate journey today. I am here to help with integrity, transparency and dedication.
CONTACT ANNETTE
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
SL 3535792
SE Florida Market Snapshot
Market Trends in SE Florida
It is the end of July 2024! The real estate market is seeing changes. 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. Also, call or email 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.
CONTACT ANNETTE
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
SL 3535792
Fort Lauderdale June Area Report
Fort Lauderdale June 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. 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
SL 3535792
SE Florida Market Snapshot
Happy July 1st! The real estate market is seeing changes. I welcome any discussions you may want to have on your area 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 30 days 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).
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
SL 3535792
Fort Lauderdale May Area Report
Fort Lauderdale May 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. 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
SL 3535792
Fort Lauderdale April Area Report
Fort Lauderdale April 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. 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
SL 3535792
SE Florida Market Snapshot
Happy May 1st! Here are the Market Snapshots reflecting the last 30 days 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).
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
SL 3535792
Fort Lauderdale March Area Report
Fort Lauderdale March 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. 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
SL 3535792
What is a 4-Point Inspection?
4-Point Inspection for Residential Homes
In Florida, a four-point inspection is a specialized assessment of four key systems in a residential property: the roof, electrical system, plumbing system, and HVAC (heating, ventilation, and air conditioning) system. This inspection is often required by insurance companies for homeowners seeking or renewing insurance policies, particularly for older homes.
Here’s why each component is assessed:
- Roof: The inspector evaluates the age, condition, and integrity of the roof covering material (such as shingles or tiles), signs of damage, and any areas of concern like leaks or missing shingles. Roofs are crucial for protecting the home from weather elements, and their condition affects insurance risk.
- Electrical System: This part of the inspection focuses on the electrical wiring, panel, and fixtures. The inspector looks for outdated wiring, overloaded circuits, faulty connections, and potential fire hazards. Ensuring the electrical system is up to code and safe reduces the risk of fire, which is a significant concern for insurance companies.
- Plumbing System: The plumbing inspection assesses the condition of pipes, fixtures, and water heaters. The inspector checks for leaks, corrosion, water pressure issues, and signs of water damage. A properly functioning plumbing system is essential for preventing water damage and maintaining the integrity of the home’s structure.
- HVAC System: The inspection of the heating, ventilation, and air conditioning system involves checking for proper installation, age, condition, and efficiency. Inspectors look for signs of wear and tear, malfunctioning components, and potential safety hazards. A well-maintained HVAC system ensures comfort and safety for occupants and reduces the risk of damage or accidents.
The importance of a four-point inspection for home insurance lies in risk assessment. Insurance companies need to understand the condition of these critical systems to determine the level of risk associated with insuring the property. Older homes, in particular, may have outdated or deteriorating systems, which could pose higher risks for insurance providers.
By requiring a four-point inspection, insurance companies can:
- Assess Risk: Inspectors provide detailed information about the condition of the home’s key systems, allowing insurance companies to assess the level of risk accurately.
- Prevent Claims: Identifying potential issues before they become major problems helps prevent costly insurance claims. For instance, discovering a leaky roof or faulty wiring early on allows homeowners to address these issues proactively, reducing the likelihood of future damage.
- Determine Premiums: The results of the inspection can influence insurance premiums. Homes with well-maintained systems may qualify for lower premiums, while those with significant issues may face higher costs or require repairs before coverage can be approved.
In summary, a four-point inspection in Florida is a vital tool for insurance underwriting, providing insurers with essential information about the condition of a home’s roof, electrical, plumbing, and HVAC systems. By identifying potential risks and ensuring the property meets safety standards, insurers can offer appropriate coverage and premiums while helping homeowners maintain a safe and secure living environment.
All 4-Point Inspection Forms must be completed and signed by a verifiable Florida-licensed inspector.
Contact me today for any real estate assistance you may need, including resources and referrals for home inspections. I am here to help!
Let’s start working together!
CONTACT ANNETTE
Annette Dammeyer, REALTOR®, ABR®, AHWD®
Coldwell Banker Realty
901 E Las Olas Blvd STE 101, Fort Lauderdale, FL 33301
808.747.3686
SL 3535792
