Florida Real Estate Market Trends August 11, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 353579

Home Sellers and Buyers August 5, 2024

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.

The settlement, stemming from allegations related to commission practices, has implications for how real estate transactions are conducted. Understanding these changes is crucial for making informed decisions, whether you’re buying your dream home or selling your current property. Let’s unpack the facts and help you stay ahead in the real estate market.

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends July 31, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends July 9, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends July 1, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends June 10, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home BuyersHomeowner June 7, 2024

June is National Homeownership Month!

June is National Homeownership Month!

Owning a home brings joy, belonging, and countless benefits to your life. From stability and personalization to building equity and creating a lasting legacy, homeownership is a game-changer. Join the celebration and discover why having a place to call your own is a dream worth achieving!


If you are looking for help making your homeownership dreams come true, I am here to help! It would be my privilege to help you through every step with experience, integrity and dedication.

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 BuyersHomeowner May 15, 2024

Weathering the Storm: A Guide to Hurricane Preparedness in Southeast Florida

Weathering the Storm: A Guide to Hurricane Preparedness in Southeast Florida

Living in Southeast Florida offers many benefits, from sunny beaches to vibrant communities. However, it also means facing the annual threat of hurricanes. With the Atlantic hurricane season stretching from June to November, preparedness becomes paramount for residents in this region. Understanding how to safeguard yourself, your loved ones, and your property is crucial in ensuring safety and minimizing damage. The following provides essential tips and strategies for hurricane preparedness in Southeast Florida.

            Stay Informed:

    • Keep track of weather updates from reliable sources such as the National Hurricane Center (NHC), local news channels, and weather apps.
    • Sign up for emergency alerts and notifications provided by your county’s emergency management office.
    • Familiarize yourself with hurricane terminology, including the difference between a hurricane watch and a hurricane warning.
    • Weather Alert Resource Links:  National Weather Service, The Weather Channel, National Hurricane Center

      Develop a Family Emergency Plan:

      • Create a comprehensive emergency plan that outlines evacuation routes, designated meeting points, and communication methods.
      • Ensure that all family members know the plan and practice it regularly, especially children.
      • Compile important documents such as identification, insurance policies, medical records, and contact information in a waterproof container.

        Source: Broward.org


        Prepare Your Home:

        • Reinforce windows and doors with storm shutters or plywood to protect against high winds and flying debris.
        • Trim trees and bushes around your property to minimize potential damage from falling branches.
        • Secure outdoor furniture, decorations, and other loose items that could become projectiles during a storm.
        • Consider investing in a backup generator to ensure power supply during outages.

          Source: Broward.org


          Stock Up on Supplies:

          • Create a hurricane supply kit that includes non-perishable food, water (one gallon per person per day), medications, first aid supplies, flashlights, batteries, and hygiene products.
          • Don’t forget about supplies for pets, including food, water, medications, and carriers.
          • Keep your gas tank full and have extra cash on hand as ATMs and credit card machines may not be operational during power outages.

            Source: Broward.org


            Evacuation Planning:

            • Know your evacuation zone and follow evacuation orders issued by local authorities.
            • Plan your evacuation route in advance, considering alternate routes in case of traffic congestion or road closures.
            • Make arrangements for transportation if you don’t have access to a vehicle.
            • If evacuating, leave early to avoid last-minute rush and potential hazards.

              Source: Broward.org


              Stay Connected:

              • Keep in touch with friends, family, and neighbors before, during, and after the hurricane to offer support and assistance.
              • Utilize social media and online platforms to stay informed and share updates with others.
              • Check in with elderly or vulnerable neighbors to ensure their safety and well-being.

                Source: Broward.org


                After the Storm:

              • Wait for official clearance from authorities before returning to your home or community.
              • Beware of hazards such as downed power lines, flooded roads, and weakened structures.
              • Document any damage to your property by taking photographs for insurance claims.
              • Be patient and cooperative with emergency responders and relief agencies as they work to restore services and provide assistance.

                Source: Broward.org

Hurricanes are a recurring reality in Southeast Florida, but with careful planning and preparation, you can minimize their impact on your life and property. By staying informed, developing a comprehensive emergency plan, securing your home, stocking up on supplies, and knowing when to evacuate, you can weather the storm with greater resilience and peace of mind. Remember, preparedness is key to staying safe and resilient in the face of nature’s fury. Stay safe, stay informed, and stay prepared.


Please feel free to share this information. I care about our community and I am here to help.

Let’s stay prepared and safe 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, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends May 1, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792