Amanda Wilson

Below please see the actual numbers for real estate sold/pending in Fort Lauderdale, FL, for 7/08 through 9/09.

The important information to note is the Sold properties have INCREASED 34.7% during this time period. In addition, pending sales have increased 95.7%--however, the question will be--do all pending sale close? The average price per square foot currently is $192.00. Finally, in all property on the market (condos and single-family homes) there is a 13.2 month supply. While a normal supply of properties is about 6-9 months, this number isn't bad--considering how much of an inventory we've had in the past.

If anyone is interested in buying or selling property in Fort Lauderdale, FL, please give me a call.

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Facts and TrendsTM
Published Oct. 2009
Location : Ft Lauderdale Beach , Ft Lauderdale North East , Ft Lauderdale North West , Ft Lauderdale South East , Ft Lauderdale South West
Number of Homes For Sale vs. Sold vs. Pended (Jul. 2008 - Sep. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson

	1 month	1 year	15 months
	Aug 09	Sep 09	% Change	Sep 08	Sep 09	% Change	July 08	Sep 09	% Change
For Sale	4583	4425	-3.4%	6326	4425	-30.1%	6531	4425	-32.2%
Sold	348	334	-4%	207	334	61.4%	248	334	34.7%
Pended	492	542	10.2%	250	542	116.8%	277	542	95.7%

Date	7/08	8/08	9/08	10/08	11/08	12/08	1/09	2/09	3/09	4/09	5/09	6/09	7/09	8/09	9/09
For Sale	6531	6275	6326	6311	6256	6150	5955	5982	5794	5506	5217	5007	4762	4583	4425
New Listing	900	778	887	911	728	720	898	848	878	766	672	771	736	710	720
Sold	248	255	207	232	203	265	192	238	274	301	343	352	365	348	334
Pended	277	276	250	271	213	252	272	340	420	453	446	464	470	492	542
Mon of Inv. on Sold	26.3	24.6	30.6	27.2	30.8	23.2	31.0	25.1	21.1	18.3	15.2	14.2	13.0	13.2	13.2
Mon of Inv. on Pended	23.6	22.7	25.3	23.3	29.4	24.4	21.9	17.6	13.8	12.2	11.7	10.8	10.1	9.3	8.2
Absorption Rt. on Sold	3.8	4.1	3.3	3.7	3.2	4.3	3.2	4.0	4.7	5.5	6.6	7.0	7.7	7.6	7.5
Absorption Rt. on Pended	4.2	4.4	4.0	4.3	3.4	4.1	4.6	5.7	7.2	8.2	8.5	9.3	9.9	10.7	12.2
Avg. Act Price	611	598	594	601	606	610	618	609	610	619	611	622	622	620	637
Avg. Sld Price	380	388	387	332	285	319	236	283	319	236	308	274	268	253	263
Avg. Sq. Ft. Price	247.06	238.66	248.64	213.28	194.94	195.43	180.3	177.48	221.37	167.69	192.01	189.18	197.99	175.86	192.02
Sold/List Diff. %	90	87	90	88	89	84	89	86	89	87	88	89	89	87	90
Days On Market	110	133	133	113	117	124	116	125	112	109	125	127	123	114	102
Median Price	250	225	215	205	215	177	154	170	168	150	170	164	157	165	138

This representation is based in whole or in part on data supplied by the Realtor Association of Miami-Dade County or its Multiple Listing Service, Realtor Association of Greater Miami and the Beaches, Realtor Association of Greater Fort Lauderdale and Northwestern Dade Association of Realtors. Neither the Board nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of the Esslinger - Wooten - Maxwell Realtors. Report reflects activity by all brokers participated in the MLS.

Facts and TrendsTM
Published Oct. 2009
Location : Ft Lauderdale Beach , Ft Lauderdale North East , Ft Lauderdale North West , Ft Lauderdale South East , Ft Lauderdale South West
Average Home Sold Price per SQFT (Jul. 2008 - Sep. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson

	1 month	1 year	15 months
	Aug 09	Sep 09	% Change	Sep 08	Sep 09	% Change	July 08	Sep 09	% Change
Avg. Sq. Ft. Price	176	192	9.2%	249	192	-22.8%	247	192	-22.3%

Date	7/08	8/08	9/08	10/08	11/08	12/08	1/09	2/09	3/09	4/09	5/09	6/09	7/09	8/09	9/09
For Sale	6531	6275	6326	6311	6256	6150	5955	5982	5794	5506	5217	5007	4762	4583	4425
New Listing	900	778	887	911	728	720	898	848	878	766	672	771	736	710	720
Sold	248	255	207	232	203	265	192	238	274	301	343	352	365	348	334
Pended	277	276	250	271	213	252	272	340	420	453	446	464	470	492	542
Mon of Inv. on Sold	26.3	24.6	30.6	27.2	30.8	23.2	31.0	25.1	21.1	18.3	15.2	14.2	13.0	13.2	13.2
Mon of Inv. on Pended	23.6	22.7	25.3	23.3	29.4	24.4	21.9	17.6	13.8	12.2	11.7	10.8	10.1	9.3	8.2
Absorption Rt. on Sold	3.8	4.1	3.3	3.7	3.2	4.3	3.2	4.0	4.7	5.5	6.6	7.0	7.7	7.6	7.5
Absorption Rt. on Pended	4.2	4.4	4.0	4.3	3.4	4.1	4.6	5.7	7.2	8.2	8.5	9.3	9.9	10.7	12.2
Avg. Act Price	611	598	594	601	606	610	618	609	610	619	611	622	622	620	637
Avg. Sld Price	380	388	387	332	285	319	236	283	319	236	308	274	268	253	263
Avg. Sq. Ft. Price	247.06	238.66	248.64	213.28	194.94	195.43	180.3	177.48	221.37	167.69	192.01	189.18	197.99	175.86	192.02
Sold/List Diff. %	90	87	90	88	89	84	89	86	89	87	88	89	89	87	90
Days On Market	110	133	133	113	117	124	116	125	112	109	125	127	123	114	102
Median Price	250	225	215	205	215	177	154	170	168	150	170	164	157	165	138

This representation is based in whole or in part on data supplied by the Realtor Association of Miami-Dade County or its Multiple Listing Service, Realtor Association of Greater Miami and the Beaches, Realtor Association of Greater Fort Lauderdale and Northwestern Dade Association of Realtors. Neither the Board nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of the Esslinger - Wooten - Maxwell Realtors. Report reflects activity by all brokers participated in the MLS.

Facts and TrendsTM
Published Oct. 2009
Location : Ft Lauderdale Beach , Ft Lauderdale North East , Ft Lauderdale North West , Ft Lauderdale South East , Ft Lauderdale South West
Months of Inventory based on Closed Sales (Jul. 2008 - Sep. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties		Prepared for you by: Amanda Wilson

	1 month	1 year	15 months
	Aug 09	Sep 09	% Change	Sep 08	Sep 09	% Change	July 08	Sep 09	% Change
Months of Inventory (Closed Sales)	13.2	13.2	0%	30.6	13.2	-56.9%	26.3	13.2	-49.8%

Date	7/08	8/08	9/08	10/08	11/08	12/08	1/09	2/09	3/09	4/09	5/09	6/09	7/09	8/09	9/09
For Sale	6531	6275	6326	6311	6256	6150	5955	5982	5794	5506	5217	5007	4762	4583	4425
New Listing	900	778	887	911	728	720	898	848	878	766	672	771	736	710	720
Sold	248	255	207	232	203	265	192	238	274	301	343	352	365	348	334
Pended	277	276	250	271	213	252	272	340	420	453	446	464	470	492	542
Mon of Inv. on Sold	26.3	24.6	30.6	27.2	30.8	23.2	31.0	25.1	21.1	18.3	15.2	14.2	13.0	13.2	13.2
Mon of Inv. on Pended	23.6	22.7	25.3	23.3	29.4	24.4	21.9	17.6	13.8	12.2	11.7	10.8	10.1	9.3	8.2
Absorption Rt. on Sold	3.8	4.1	3.3	3.7	3.2	4.3	3.2	4.0	4.7	5.5	6.6	7.0	7.7	7.6	7.5
Absorption Rt. on Pended	4.2	4.4	4.0	4.3	3.4	4.1	4.6	5.7	7.2	8.2	8.5	9.3	9.9	10.7	12.2
Avg. Act Price	611	598	594	601	606	610	618	609	610	619	611	622	622	620	637
Avg. Sld Price	380	388	387	332	285	319	236	283	319	236	308	274	268	253	263
Avg. Sq. Ft. Price	247.06	238.66	248.64	213.28	194.94	195.43	180.3	177.48	221.37	167.69	192.01	189.18	197.99	175.86	192.02
Sold/List Diff. %	90	87	90	88	89	84	89	86	89	87	88	89	89	87	90
Days On Market	110	133	133	113	117	124	116	125	112	109	125	127	123	114	102
Median Price	250	225	215	205	215	177	154	170	168	150	170	164	157	165	138

This representation is based in whole or in part on data supplied by the Realtor Association of Miami-Dade County or its Multiple Listing Service, Realtor Association of Greater Miami and the Beaches, Realtor Association of Greater Fort Lauderdale and Northwestern Dade Association of Realtors. Neither the Board nor its MLS guarantees or are in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market. This statistical information is produced by and for the exclusive use of the Esslinger - Wooten - Maxwell Realtors. Report reflects activity by all brokers participated in the MLS.

It was a sunny and warm day in Fort Lauderdale, FL--like many days are in South Florida. And I had a client, the buyer. After much home searching, we found the perfect Victoria Park townhouse! We submitted the offer and the seller accepted. The contract was executed for a purchase price of $470,000...and my buyer was a solid candidate for financing (great credit score, low debt-ratio and fantastic job)...AND THEN CAME THE BANK....

AND THEN CAME THE APPRAISERS....The first one appraised the townhouse at $330,000. The bank said no, thanks and silently walked away! The next bank sent out another appraiser and the property appraised at $516,000 (within a week of the first appraisal)! We were happy...yes, it appraised. Wrong! The bank advised us that the 'appraisal was too high, based on the underwriter's recommendation. The bank suggested the appraiser 'modify' the appraisal, so it was done. The third time (after modification) the appraiser submitted an appraisal for $487,000. The second bank said, no!

Then, my client continues for another bank. From the third bank, we get a 4th appraisal for $478,000! Yes! However, now Bank No. 2 comes back into play--and decides may be they do want to lend my client money....I just say Yippee...my client is happy with the interest rate and details of the loan--I'm happy to finally close.

Tomorrow is the closing! Banks, appraisers--we can't live with them and can't live without them!

Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops-especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years. http://online.wsj.com/article/SB10001424052748703816204574487240805281318.html

It's only natural that home prices will continue to decline, as we are facing more foreclosures and short sales in areas of the country...however, it's still a great time to buy...especially if you plan on owning your home or investment property for the next 7-10 years!

After giving billions in taxpayer's money away to 'struggling' banks, it unrealistic to think we're going to get all of that money back, so says Inspector General Neil Barofsky--the man who watches over the TARP program. The Treasury Department has spent more than $454 billion through TARP programs--47 recipients have paid back nearly $73 billion. That means more than $317 Billion remains outstanding--with the program set to expire December 31, 2009.

Now, the Obama administration plans to CUT the pay of executives at the 7 companies that have received the most bailout money. Too little too late. This should have been done when the money was distributed to the banks...where was the oversight then, not now! While Americans are angry-as we struggle, financial firms have begun recovery, and are passing out their bonuses.. Where was Timothy Geithner then, not now! How can we change pay culture when so much was given, and so little asked!

Let's create banking regulations for the entire Global Banking Industry....much like air traffic control! There are very few global standards in the world, but air traffic control has to be global to prevent crashes. In the financial banking industry, we've had the equivalent of a mid-air collusion...so let's regulate the banking industry so there are no more global mishaps!

The banks, especially after receiving taxpayer monies, have a responsiblity to be part of the solution, as well. There has been very modest, if any, increase in lending (NOT to small businesses or individuals) and now the banks are defensive about putting any new regulations in place that would prevent a future financial crisis. Banks would rather pay millions of dollar to lobbyists to make certain there are NO new regulations.

A quick background of the banking industry helps us to understand just how much the industry has gained:

• The federal government started chartering and regulating banks during the Civil War. These national banks were subjedct to state and laws unless they received an exemption from the federal regulator, the Office of the Comptroller of the Currency.
• Beginning in the 1980s (Reagan Administration), as the government allowed national banks to expand across state lines, the banks began pressing the government (through lobbyists and other influential powers) for more exemptions--more often.
• The banks used the expansion of exemptions as a further need to efficiency, which was supposed to result in lower prices for customers.
• And...the rise of the federal pre-exemptions were gradual.
• In 1999 (Clinton Administration), the Office of the Comptroller of the Currency (OCC) ruled that national banks did not need to comply with a California law limiting the fees banks could charge for ATM withdrawals.
• In 2000, it lifted a Rhode Island law limiting changes in the interest rates on credit cards.
• Finally, in 2002 (Bush Administration), the OCC lifted a Texas law that barred banks from charging check-cashing fees.
• And, then--in 2004, the OCC issued a blanket exemption, asserting sole authority to police natinoal banks. That stance has since been upheld by federal courts. The National Association of Realtors, in testimony before the House Financial Services Subcommittee on Oversight and Investigations, on January 28, 2004, sharply criticized the preemption rules as twisting legal precedent, maximizing the value of the federal bankcharter at the expense of the state bank charter, and diluting consumer protections, with worsening implications if bankers are permitted to be real estate brokers and managers.

Bring back the regulations--create a new era for the banking industry in a Global Way! Let's enact a new policy much like the air traffic controllers...and by the way, let's pay the bankers the same wages as air traffic controllers make with NO bonuses, while keeping air traffic and bank traffic safe!