Phone: 954.707.6252 & 954.363.1115
Email: info@billyandalix.com

Category : Fort Lauderdale

Sales Remain Strong in Broward County

Prices remain strong in Broward County

Broward county home sales are up for both sales and prices during June, according to a new report from the Greater Fort Lauderdale Realtors association.

A total of 1,635 condos and townhomes were sold in Broward last month, marking a 4.4 percent jump in closed deals year-over-year. Single-family homes saw a slightly higher 4.8 percent jump in sales, coming out to 1,805 properties sold.

Housing prices continued their steady rise during June. The median price for condos and townhouses hit $149,250 last month, spiking by 10.4 percent year-over-year. Single-family homes had a more moderate price increase of 7.3 percent, standing at a median of $325,000 in June.

While both sectors of the market grew during June, the association’s figures show Broward’s true strength is in its single-family homes. Dollar volume for home sales hit $682 million in June, more than double that of condo’s $307.8 million. And for the past 12 months, year-over-year home sales haven’t fallen once.

Statistics and article provided by The Real Deal and Miami Herald

For more information contact us at contact@alixandbilly.com

 

Breaking Record ONE Sotheby’s International Realty

We are thrilled to announce our latest market share stats from the first half of this year showing that ONE Sotheby’s International Realty just broke record being number ONE.

ONE Sotheby’s International Realty is number ONE in Broward for all residences over $2.5 million USD and number ONE in Miami-Dade for all residences over $1 million!

This is a great accomplishment for ONE Sotheby’s International Realty and our team.

Forbes Magazine named Fort Lauderdale one of the Best buy cities in 2016

Ft Lauderdale Best Buy

 

If you are looking to buy a home in 2016, Fort Lauderdale might be the right place to buy.

Forbes Magazine released its 2016 list of Best Buy Cities and Fort Lauderdale came as number seven (7) of the top twenty.

Real Estate reporter with Forbes wrote: “Each of our Best Buy Cities boasts healthy job growth, strong population growth, and anticipated home price appreciation.”

With a 20 percent home price growth forecast over the next three years, 3.2 percent annual jobs growth (contributing to Fort Lauderdale also being named one of the best cities to find a job in 2016), and 4.5 percent three-year population growth rate, buying a home in Fort Lauderdale known as the Venice of America could be a good idea.

With twenty cities on the list, Florida, proved to be providing buyers good value. The six other cities were Orlando (No. 2), Cape Coral (No. 10), North Port (No. 12), Tampa (No. 14), Jacksonville (No. 18) and West Palm Beach (No. 19).

With an economy that has stabilized and in the process of growing, Fort Lauderdale becomes one of the favorite places for vacation, retirees and a desirable place to live.

2016 TRENDS Luxury Market Report in South Florida

2016 Trends Luxury Market Report

Take a moment to read and review the latest Trends of what is happening in the Luxury Market in Miami, Fort Lauderdale, Lighthouse Point, Lauderdale By the Sea, Sea Ranch, Hillsboro Mile, Coral Ridge and in general in Broward County.

This is an exciting time for Buyers and Sellers in the Luxury Market. Learn about all our new projects and what we have to offer.

The time to invest in Real Estate in Fort Lauderdale is Now!

North Beach Village Fort Lauderdale

According to several articles and different information obtained since 2014, 2015 and 2016 we believe Fort Lauderdale is in the process of growth, which shows that the investment may be more favorable in Fort Lauderdale right now due to the $ 1.3 billion being invested in East part of Fort Lauderdale. This is partially based on new construction developments trying to meet the demand that a luxury market has. Among these projects are The Gale Residences, the Four Seasons, Auberge Beach and Residences and Paramount Beach.

If we compare Fort Lauderdale to Miami prices per sq ft, in Miami they have a difference of 261% higher as compared to Fort Lauderdale where it is cheaper and still has not reached the peak moment as Miami and its neighborhoods. (Article in Ocean drive).

If we compare Fort Lauderdale with some cities in Palm Beach County, Fort Lauderdale it is the one that can perhaps offer a better return on your capital in Real Estate or at least a little higher. Just last week, Forbes magazine named Fort Lauderdale as one of the best cities to buy real estate in 2016, with an expectation of 20 % growth in prices in the next three years, and other factors that make Fort Lauderdale a good place to invest. To be exact West Palm Beach was recognized as the number 19 compared to Fort Lauderdale city number 8.

In 2014 Fort Lauderdale was recognized as one of the most “exciting” cities in “midsized cities”. And downtown Fort Lauderdale was named as one of the top 10 in US downtowns. All within a mile and a half from the Gale Residences, Auberge Beach Residences, Four Seasons and Paramount Projects.

At the end of 2017 the “High Speed Rail” – “All Aboard Florida” transportation is expected to be completed and to be connecting the downtowns of Miami, Fort Lauderdale, West Palm Beach and Orlando. This could be a mayor disadvantaging for cities like Aventura, among others that will not have the great movement of passengers, residents and workforce who will use one of the best transportation systems in Florida. Fort Lauderdale located at the midpoint, indicates that probably people are going to choose it to work, live and vacation In the near future.

According to statistics from ISG in their latest report informed Fort Lauderdale attracts around 14.3 million visitors a year and hotels are 88% sold out according to statistics Sunny.org. It is one of the metropolitan cities with the highest growth, in addition to the famous beaches, the beautiful scenery of the Intracoastal Waterway, excellent nightlife, with Sawgrass 30 minutes away and Galleria mall which it is also in the process of being expanded.

All these projects are relatively close to the airport in Fort Lauderdale which has an investment of 2.3 billion in renewal and growth of international flights direct from countries like Norway, Denmark, Sweden, United Kingdom, Colombia and many other countries and important cities in US. Aventura is between the airport of Miami and Fort Lauderdale but with the level of traffic in Aventura some international businesses may not see it as an interesting point.

Fort Lauderdale is the “Venice of America” 33,000 + miles of Intracoastal waterways and canals make Greater Fort Lauderdale “the Yachting Capital of the world and the Venice of America.” The famous “International Boat Show” in October had more than $ 4 billion of boats and marine products and 130,000 visitors in 2014.

Port Everglades in Fort Lauderdale is very important to the economy including the large amount of cruisers that use Port Everglades as major port with a record of more than $ 153 million with high revenue.

The city is investing $ 78 million to renovate the Fort Lauderdale beach along with other attractions.

In conclusion, the time to invest in Real Estate and new construction in the Greater Fort Lauderdale is NOW. With so much investment in the city it is clear that the city is still growing at a relatively stable economy.

This information was obtained from articles published in Ocean Drive, Sun Sentinel, ISG World Report, BrowardPalmBeach.com (Fort Lauderdale among Top Ten) and (Fort Lauderdale Named Seventh most exciting midsize cities), All Aboard Florida and Sunny Org with visitors statistics and Forbes Magazine that Names Fort Lauderdale One Of 2016′s Best Buy Cities.

For more information in new Construction projects please contact us at 954.363.1115 or via email @ Contact@BillyandAlix.com

Top 5 cities with lowest Property Taxes and Fire Assessment fees in Broward

According to the Broward County Property Appraiser’s office the Top 5 cities with lowest Property Taxes in Broward County for 2015 are: 1 – Weston; 2 – Hillsboro Beach; 3 – Lauderdale By the Sea; 4 – Lighthouse Point; 5 – Parkland.

The top 5 cities with lowest Fire Assessment Fees for 2015 are: 1 – Lighthouse Point; 2 – Lauderdale By The Sea; 3 – Pompano Beach; 4 – Coral Springs; 5 – Hallandale Beach.

2015 Property Taxes and Fire Assessment Fees in Broward

2015 Property Taxes and Fire Assessment Fees in Broward

One of the key strategic goals for each town is to keep their millage rate and fire assessment fee in the lowest quartile among all 31 cities in Broward County which makes the towns more attractive for home owners and potential new residents in the area.

For a full report please click on the link Lauderdale-By-The-Sea Town Topics and read page 1 and 5 to see the full report of all the 31 cities and the full tax and fee for 2015.

New Gale Boutique Hotel and Residences in Fort Lauderdale
Gale Boutique Hotel and Residences

Gale Boutique Hotel and Residences

The Gale Fort Lauderdale Boutique Hotel & Condos has chosen ONE Sotheby’s International Realty to be the exclusive sales and marketing firm to represent the $120 million project from Newgard Development Group.

Located at 2900 Riomar Street and 410 Bayshore Drive, the 12-story tower is expected to break ground this summer and open early in 2017.

Featuring 128 condos and 96 hotel rooms, residents and guests alike will enjoy the rooftop spa, gym, lounge, 24-hour valet and resort-style pools. Offering condos with up to three bedrooms, units will range in price from $399,000 to over $1.2 million.

Residences deliver elegant, contemporary living with exquisite views over the North village to the beach and the downtown skyline. Intimate scale and nostalgic charm joins elevated services and amenities for a luxury experience Fort Lauderdale hasn’t seen in decades.

According to The Real Deal South Florida, President of ONE Sotheby’s, Daniel de la Vega said in a statement, “We are delighted with the addition of Gale Fort Lauderdale Boutique Hotel & Residences to our condo development division portfolio. This project will afford residents a luxury lifestyle and will elevate beachfront living in Fort Lauderdale.”

For more information or a private tour please contact us at Contact@BillyandAlix.com or 954.707.6252.

FACTS

  • Historic Property from the 1940’s
  • Winner of the Hospitality Design’s Judge Award for Best Renovation
  • Luxurious & state-of-the-art interiors
  • Specializing in Historic Renovations
  • Personalized service
  • Award-winning food & beverage offerings

AMENITIES

  • 12 Story Residential Tower
  • 128 Residences
  • 24-hour welcome desk
  • 24-hour valet parking
  • Ground-floor premium space for retail and signature restaurants
  • Expansive roof-top sky deck refreshments and wireless internet
  • Multiple Pools with views of the Intracoastal
  • Hotel Services by Gale
  • 1, 2, 3 bedroom units & Townhomes
  • Premium concierge service
  • Secure, high-tech resident parking system
  • Private residents-only club room with fully-equipped catering kitchen and bar
  • Fully equipped state-of-the-art fitness center
  • Steps from world renowned Fort Lauderdale Beach

FEATURES

  • Fully Finished Residences
  • Modern, open-concept floor plans
  • Full-width oversized balconies available
  • Spacious walk-in closets
  • Imported cabinets and contemporary hardware
  • Dual sinks in select bathroom units
  • Glass shower enclosures
  • Hotel services for all Owners at all outlets, such as restaurants, room service, bars, fitness center and business center
  • Includes savings at all Menin Properties*
  • Smart building technology
  • Floor-to-ceiling sliding glass doors with impact resistant glass
  • Pre-wired for multiple phone lines, cable TV and high-speed internet
  • Gourmet Kitchen with top of the line appliances
  • Spa like amenities including soaking tubs in Masters
  • Custom-finished floors and walls in wet areas
  • Designer fixtures accessories
  • Menin Hospitality Membership Privileges

For more information, please contact us at Contact@BillyandAlix.com or 954.707.6252

Trends – South Florida Real Estate Market Report 2015

Trends 2015

Our latest 2015 South Florida Real Estate Market Report (Trends 2015) differs from prior ONE Sotheby’s International Realty market reports in the analytics models developed in conjunction with IRR Miami.

The 2015 Real Estate Market Report cannot be compared to prior annual or quarterly reports due to changes in the manner in which the metrics were developed for singlefamily and condo developments.

Prior reports on single-family pricing relied on price averages which excluded certain classes of assets based on price thresholds.

The current model abandons the variable minimum price threshold view so that averages over time are not skewed by elimination of transactions beyond a threshold and changes in market conditions do not skew the directionality of the market averages.

The most significant change in methodology is the development of the condominium index. The difficulty in comparing existing condominium project average pricing is that the pricing averages have no control over penthouse units, waterview versus waterfront or age and market position of the product. ONE Sotheby’s International Realty and IRR Miami developed an index of relevant condominium towers that comprise what we consider to be a representative sample of the luxury projects within each submarket. The inclusion of each project was vetted by brokerage and appraisal staff from the respective firms and the sampling reflects the center of the luxury market as it relates to the specific submarket.

Average pricing data was then calculated for each of the relevant years by submarket and unique units were excluded from the sample to avoid skewing the average price indicators. The implementation of project samples also helped control the variability brought about by merely averaging all condo projects within a specific submarket, which when comparing multiple years was less reflective of changing market conditions.

While this methodology only reflects a “sample” of the condo market, the number of projects and number of units in the sample are considered representative of the market. The sample pool of projects does not include pre-construction projects. Therefore, the averages and indicators reflect contemporary existing peers and are not meant to reflect pricing of the newest projects coming to market.This methodology will also allow us future analytical capability to project floor premiums, view premiums and penthouse premiums since the data will be isolated for direct and discrete comparison on these function points. We hope this will clarify directionality of the market and allow for deeper analysis in future reports.

This Trends report is not meant to replace property analysis by a qualified broker and should not be applied to specific properties without consultation with a professional. The Trends Real Estate Market Report in 2015 is meant to inform on broader trends and to facilitate comparison and forecasting at the macro market level.

To Read the full Report please CLICK HERE

Pets’ amenities rising trend for homebuilders

photo Blue and Bianca

Standard Pacific Homes is building and selling homes in 27 developments from Florida to California and is believed to be the first to offer a pet suite as an option in every one.

The suite is a 170-square-foot pet paradise with a step-in wash station, handheld sprayer and leash lead; tile walls and floors; a designated drying area with a commercial sized pet dryer; a water station; automated feeders; a large bunk-style bed; cabinets for toys, treats and food; a stackable washer and dryer; a French door that opens to a puppy run; and a flat-screen television set.

Standard Pacific, based in Irvine, decided to offer pet suites after conducting livability studies with homeowners. Pets were a constant theme, said Jeffrey Lake, vice president and national director of architecture for Standard Pacific.

“Devotion to pets is second-to-none,” he added. “They are family.”

The American Pet Products Association reports that 68 percent of Americans own pets and contribute to an industry worth more than $55 billion annually.

Real estate officials say building homes designed to cater to pets is a new concept, but that remodels for pet owners have been available for some time.

Adam Cowherd Construction in Ozark, Missouri, installs pet-friendly additions to homes. Cowherd said he recently finished a job where there was an open shelf on the end of a kitchen island to hold pet bowls.

“Owners want it uniquely functional, very contemporary and something that catches the eye,” Cowherd said.

However, only once in the last 10 years has he been asked to build a whole room for a pet, he added.

Melanie Dean lives with her family near Dallas in a Standard Pacific home with a pet package for their dog, Lola.

Lola’s room “makes life much easier,” Dean said. “We don’t have to use the kitchen sink to wash yucky stuff anymore.”

Standard Pacific Homes’ newest community, called Avignon at Blackstone in Brea, about 25 miles south of Los Angeles, features homes that start at $710,000. The pet spa option adds $35,000 to the price, Lake said.

Only the largest suite is available in Brea, but in some of the other communities, there are smaller sizes and prices, starting at 60 square feet for $8,000, he said.

During some of the model grand openings at different communities, several potential buyers brought their dogs to look at the homes, said Danielle Tocco, the company’s director of communications.

Around 70 percent of those looking for a home have pets, said Mollie Carmichael, principal at the John Burns Real Estate Consulting firm in Irvine.

Pet adoptions were also held at some model grand openings, she said, just in case somebody didn’t have a dog but wanted one.

For cat owners, things can be rearranged and swapped out, like a scratching post for the dryer. And if no one is using the bath, it can be used for sporting equipment, like golf clubs.

Those looking to sell their homes may find their pet additions to be a benefit.

Laundry rooms and mud rooms toward the back of homes are popular, said Amy Bohutinsky, chief marketing officer at Chicago-based Zillow. Pet washrooms can also be used as multipurpose mudrooms, which may attract buyers.

Copyright © 2014 The Associated press

Magnificent Trophy Estate: Market Repositioned at $ 6,950,000 USD

Magnificent Trophy Estate in Ft Lauderdale

Market Repositioned at $ 6,950,000 USD

www.707RoyalPlazaDrive.com

707 Royal Plaza Dr

Magnificent Trophy Estate owns the best views in Fort Lauderdale!

707 Royal Plaza Drive was recently reduced to $ 6,950,000 USD.

The breathtaking sunsets enjoyed the luxurious pool deck are only outdone by the heart stopping views from the expansive 2nd story entertainment patio stretching the entire length of the residence.

Classically beautiful with a sophisticated elegance, this exclusive Las Olas Island Oasis is designed for entertaining with a bring open floor plan & numerous formal and casual gathering areas.

100ft of Deep water yacht dockage with FAST unrestricted Ocean Access.

Secluded within a private concrete walled compound with remote iron gated security entrance.

Perfectly located steps from exquisite white sand beaches, Las Olas fine dining, shopping and the best City nightlife South Florida has to offer.

Take a moment to review 707RoyalPlazaDrive.com and see what this spectacular Estate has to offer.

For a private tour please contact us at Contact@BillyandAlix.com or 954.707.6252