Market Trends: 5/20/2012
Fort Lauderdale
Market Snapshot
Total Properties Listed:
497
Month-Over-Month Change: +1.43%
Average List Price:
$454,855
Month-Over-Month Change: +.99%
Median List Price:
$199,000
Month-Over-Month Change: +4.79%
Typical Property
Single-Family Home
2.54 Bedrooms
2.13 Baths
$454,855 Average List Price
$223/SqFt Average Price per SqFt.
Average Price by Bedrooms:
1 Bedroom:
$227,227
2 Bedrooms:
$264,730
3 Bedrooms:
$430,760
4 Bedrooms:
$655,680
5 Bedrooms:
$2,352,059
Top 5 Most Viewed Properties
Fort Lauderdale, FL Real Estate:
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Fort Lauderdale Real Estate
About Fort Lauderdale
Fort Lauderdale is the county seat of Broward County. The city is a popular tourist destination, with 10.35 million visitors in 2006. Fort Lauderdale is sometimes known as the "Venice of America" because of its expansive and intricate canal system. The Fort Lauderdale area was known as the "New River Settlement" before the 20th century. Fort Lauderdale's first major development began in the 1920s, during the Florida land boom of the 1920s. When World War II began, Fort Lauderdale became a major US base, with a Naval Air Station to train pilots, radar operators, and fire control operators, and a Coast Guard base at Port Everglades was also established.
After 1970, as Fort Lauderdale became essentially built out, growth in the area shifted to suburbs to the west. As cities such as Coral Springs, Miramar, and Pembroke Pines experienced explosive growth, Fort Lauderdale's population stagnated, and the city actually shrank by almost 4,000 people between 1980, when the city had 153,279 people, and 1990, when the population was 149,377. A slight rebound brought the population back up to 152,397 at the 2000 census. Since 2000, Fort Lauderdale has gained slightly over 18,000 residents through annexation of seven neighborhoods in unincorporated Broward County. Today, Fort Lauderdale is a major yachting center, one of the nation's largest tourist destinations, and the center of a metropolitan division with 1.8 million people.
Fort Lauderdale's economy is heavily reliant on tourism. From the 1940s through the 1980s, the city was known as a spring break destination for college students. Cruise ships and nautical recreation provide the basis for much of the revenue raised by tourism. Fort Lauderdale now attracts a more sophisticated and affluent tourist, while largely ignoring the dwindling college crowd.
Fort Lauderdale Neighborhoods