Category Archives: Great Deals Under $200K

Great Deals Under $200K

Fort Lauderdale Condos for Sale
Under $200K

Search My Pick of Great Deals Under $200K

Looking for a Great Deal – I select what I consider to be some of the best buys for condos here in Fort Lauderdale.

Fort Lauderdale Condos Under $200K
Market Analysis

Currently in Ft Lauderdale / Broward there are 44 condos for sale – priced at $200,000 or less that are oceanfront condos.

Note in February this year there were over 65 oceanfront condos for sale in this price range.

The market analysis report for these units is presented below.

Pricing  #Beds #FBaths SF/FF List Price LP$/SqFt
High 1 1 1,050 $200,000 $573
Low 0 1 275 $82,500 N/A
Average 0 1 468 $154,419 $322
Median 0 1 390 $159,900 $323

 

We can see from this report that most of these units (based on median and average data) are studio units – however from time to time 1 and sometimes even 2 bedroom oceanfront units do come up for sale.

The market analysis report shows us the following:

The average price for an oceanfront condo in this price range is $154,419 – this is for a studio unit of approx 468 square feet.

The median price for an oceanfront condo in this price range is $159,900 – this being for a smaller studio unit of approx 390 square feet with a list price to square foot price of $323.00

Important to note is that while the median price in February 2014 for an oceanfront condo in this price range was a close $159,500

The median was for a studio unit of 660 square feet (over 200 square feet larger) with a list price to square foot price of $210.00.

Note: As a rule of thumb – there is usually a trade off between price and unit size – the closer to Fort Lauderdale “proper” the smaller the unit the higher the price – the further away from Fort Lauderdale and out into Broward – the larger the unit.

View of the beach and ocean from a Fort Lauderdale Oceanfront Condo

Fort Lauderdale Condos Under $200K
Price Analysis

The price analysis report is a great and important tool as its shows us the beakdown of units or inventory of condo for sale by price range.

The price analysis report is presented below:

Price Range Quantity
$149,999 or under 18
$150,000 – $199,999 24
$200,000 – $249,999 2
Total 44

 

This report shows us that the largest number of Oceanfront condos for sale falls into the $150,000 – $199,999 price range with 24 units for sale.

Note in this price range in September there were 35 units for sale.

Also important to note however is that there are 18 oceanfront units priced at $149,999 or less – this represents great value for an oceanfront unit!

Note: In February of this year  were 27 oceanfront units for sale priced at $149,999 or less!