Statistics on Ft.Lauderdale Beach Luxury Oceanfront Condo Market

In a market where supply greatly exceeds demand, as is the condo/housing market it clearly is a buyers market. As I have blogged before, it is a great time to be a buyer of an oceanfront condo in South Florida. Anyone that wants to live or own a second home in an oceanfront building with a spectacular view, plenty of square footage, and have a building with a full array of amenities…the time could not be better…..the choices are phenomenal.

Below are statistics on Ft.Lauderdale Beach Statistics on Ft. Lauderdale Beach Luxury Condo Market August 2007waterfront condos priced over $1million.

You can see there are over 240 condos on the market yet there are only around 5 sales a month. You know there might be some very good buying opportunities. Interest rates are still quite low and buyers can choose from the best of the best in many choice buildings.