Fort Lauderdale
Luxury Condos/Penthouses
We have a fine range of Fort Lauderdale luxury condos and penthouses for sale – from waterfront units, to oceanfront units to units on the famous Galt Ocean Mile.
Search Luxury Condos $500K – $1 Million
Search Luxury Condos $1 Million Plus
Key 2017 Statistics
for Buyers / Sellers
- Median Sales Price $747,000
- Median Sales to List Price 95%
- Median Days on Market 101 Days
Fort Lauderdale Luxury condo prices are up from 2016!
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Fort Lauderdale Luxury Condos
Median Prices 2006 – 2017
Here is our market summary report for Fort Lauderdale luxury condos for 2006 – 2017.
The report below shows median sales prices for luxury condos for these periods.
| Median | Beds/Baths | SF/FF | Sale Price |
| 2017 | 3 / 2 | 2,131 | $747,000 |
| 2016 | 3 / 2 | 2,131 | $697,500 |
| 2015 | 3 / 2 | 2,078 | $715,000 |
| 2014 | 3 / 2 | 2,078 | $715,000 |
| 2013 | 3 / 2 | 2,111 | $720,000 |
| 2012 | 3 / 3 | 2,220 | $700,000 |
| 2011 | 3 / 3 | 2,270 | $640,000 |
| 2010 | 3 / 3 | 2,270 | $640,000 |
| 2009 | 3 / 3 | 2,250 | $625,000 |
| 2008 | 3 / 2 | 2,140 | $685,000 |
| 2007 | 3 / 2 | 2,078 | $665,000 |
| 2006 | 3 / 2 | 2,000 | $650,000 |
We can see from the graph above and this report how median sales price for luxury condos here in Fort Lauderdale languished in 2009, 2010 and 2011.
However in 2012 and in 2013 median prices rose steeply reflecting the recovery of the housing market here in Fort Lauderdale and across Florida.
In 2016 median sales price softened again – declining by 2.5% or just over $17,000.
In 2017 it is very pleasing to see median sales prices for Fort Lauderdale luxury condo sold now up by over $50,000!
More on Fort Lauderdale Luxury Condos 2016
More on Fort Lauderdale Luxury Condos 2015
More of Fort Lauderdale Luxury Condos 2014
Fort Lauderdale
Luxury Condos 2017
The market analysis report for luxury condos for 2017 is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 1 / 1 | 430 | $500,000 |
| Max | 5 / 6 | 6036 | $4,970,000 |
| Avg | 3 / 3 | 2228 | $954,949 |
| Median | 3 / 2 | 2131 | $747,000 |
We can see from this report that the average price for a luxury condo sold here in Fort Lauderdale in 2017 was $954,949 – this being for a 3 bedroom 3 bathroom unit of 2228 square feet.
The average price for a luxury condo sold here in Fort Lauderdale in 2016 was over $87,000 less at $867,278 – this being for a 3 bedroom 3 bathroom unit of 2200 square feet.
We can also see from this report that the median price for a luxury condo sold here in Fort Lauderdale in 2017 was $747,000 – this being for a 3 bedroom 2 bathroom unit of 2131 square feet.
The median sales price for a luxury condo sold in 2016 was just under $50,000 less at $697,500 – this being for a 3 bedroom 2 bathroom unit of 2131 square feet.
Sales Price to
Square foot Price
The sales price to square foot prices paid for Fort Lauderdale luxury condos sold in 2017 is an important real estate indicator.
The 2017 market analysis report for this is presented below
| SP$/SqFt | |
| Min | $183.00 |
| Max | $2096.00 |
| Avg | $441.00 |
| Median | $391.00 |
We can see from this report that the average sales price to square foot prices was $441.00 and that the median sales price to square foot price was $391.00
In 2016 the average sales price to square foot prices was lower at $403.00 and that the median sales price to square foot price was lower at $378.00
Important to note is the highest square foot price paid at $2,096.00!
% Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Fort Lauderdale Luxury condos – based on the percentage of sales price to list price paid by buyers.
The 2017 market analysis report for this is presented below
| SP$/LP$ | |
| Min | 75% |
| Max | 109% |
| Avg | 96% |
| Median | 95% |
We can see from this report that the average sales price to list price for Fort Lauderdale luxury condos is 96% – up from 82% in our post for 2016!
What is important to note however is the median sales price to list price at 95% – also up from 93% in 2016
This means if a Fort Lauderdale condo for sale is listed at $1 Million – then based on median sales data the home would sell for 95% of that amount or $950,000.
Note also the highest price paid at 109% of list price.
Days on Market
Days on market for Fort Lauderdale Luxury condos for Sale is an important indicator on how our real estate market is preforming.
Here is the market analysis report for Days on Market based on condo sales for 2017.
| DOM | |
| Min | 1 |
| Max | 851 |
| Avg | 150 |
| Median | 101 |
We can see from this report that the average days on market for a Fort Lauderdale luxury condo for Sale in 2017 was 150 days
More importantly is the median days on market at 101 days – down from 115 days in 2016.
Days on Market is the time from when the home was listed for sale till the condo sold AND closed.
Fort Lauderdale
Luxury Penthouses 2017
The market analysis report for Fort Lauderdale luxury penthouse sales for 2017 is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 2 / 2 | 1445 | $576,000 |
| Max | 5 / 6 | 6036 | $4,000,000 |
| Avg | 3 / 3 | 3021 | $1,525,847 |
| Median | 3 / 3 | 2777 | $1,175,000 |
We can see from this report that the average price paid for a luxury Fort Lauderdale penthouse in 2017 was $1,525,847 – this being for a 3 bedroom 3 bathroom unit of 3021 square feet.
This was up from the average price paid for a penthouse in 2016 was over $260,000 less at $1,261,321 – this being for a 3 bedroom 3 bathroom unit of 3797 square feet.
We can also see that the median price price paid in 2017 for a luxury pending house was $1,175,000 – well up from 2016!
The median price price paid in 2016 for a luxury penthouse was over $235,000 less at $937,500!
I hope you have enjoyed my post on Luxury Fort Lauderdale Condos and Penthouses