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

Florida Real Estate Market Trends April 9, 2024

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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home BuyersHome Sellers and BuyersHomeowner April 4, 2024

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:

  1. 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.
  2. 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.
  3. 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.
  4. 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:

  1. 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.
  2. 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.
  3. 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

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Home Sellers and BuyersHomeowner April 2, 2024

Marketing Strategy

Marketing Strategy

A successful sale requires a successful plan.

Proven. Powerful. Personal.


 


If you are ready to market and sell your property, let’s make an appointment to discuss how to get it listed and sold. I am committed to my clients. Contact me if you are looking for a dedicated agent who will:

– Call you back and respond to your messages and emails PROMPTLY
– Keep you informed throughout the process
– Negotiate on your behalf with integrity
– Diligently work to sell your property
– Communicate with all parties with respect and resourcefulness
– Utilize over a decade of experience to keep the process as streamlined and stress-free as possible

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 Buyers April 2, 2024

Your Home Buyer Guide

Guiding You Home

 


I am committed to providing you with the highest level of professionalism, accountability and integrity. Contact me to set up a buyer consultation. I am here to help every step of the way!

Annette Dammeyer, REALTOR

Coldwell Banker Realty

808.747.3686

Annette.Dammeyer@cbrealty.com

www.AnnetteDammeyer.com

SL 3535792

Florida Real Estate Market Trends March 9, 2024

Fort Lauderdale February Area Report

Fort Lauderdale February 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