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Amanda Wilson

REAL ESTATE MARKET UPDATE FOR FORT LAUDERDALE, FL

Below, please find a recent real estate market update for Fort Lauderdale--these charts will include both single-family homes and condos. As a whole, our market is looking better...with more closed sales and less inventory. While many more buyers appear to be out, there is no clear evidence of a renewed housing boom; however, we are seeing a gradual increase in activity brought about by lower prices, lower mortgage rates and many incentives.


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Facts and TrendsTM
Published May. 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 (Feb. 2008 - Apr. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties Prepared for you by: Amanda Wilson, PA


1 year 15 months
Apr 08 Apr 09 % Change Feb 08 Apr 09 % Change
For Sale 6837 5506 -19.5% 7115 5506 -22.6%
Sold 248 278 12.1% 161 278 72.7%
Pended 306 571 86.6% 263 571 117.1%

Date 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08 11/08 12/08 1/09 2/09 3/09 4/09
For Sale 7115 7047 6837 6793 6637 6531 6275 6326 6311 6256 6150 5955 5982 5794 5506
Sold 161 220 248 263 254 248 255 207 232 203 265 192 238 271 278
Pended 263 294 306 281 275 277 276 250 271 213 252 272 340 428 571
Mon of Inv. on Sold 44.2 32.0 27.6 25.8 26.1 26.3 24.6 30.6 27.2 30.8 23.2 31.0 25.1 21.4 19.8
Mon of Inv. on Pended 27.1 24.0 22.3 24.2 24.1 23.6 22.7 25.3 23.3 29.4 24.4 21.9 17.6 13.5 9.6
Avg. Act Price 640 640 621 606 605 611 598 594 601 606 610 618 609 610 619
Avg. Sld Price 433 472 444 449 428 380 388 387 332 285 319 236 283 320 242
Avg. Sq. Ft. Price 275.08 259.36 270.01 296.26 273.4 247.06 238.66 248.64 213.28 194.94 195.43 180.3 177.48 221.78 169.53
Sold/List Diff. % 90 88 88 85 88 90 87 90 88 89 84 89 86 88 87
Days On Market 125 137 125 121 135 110 133 133 113 117 124 116 125 111 109
Median Price 275 275 295 265 276 250 225 215 205 215 177 154 170 168 150

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 May. 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 (Feb. 2008 - Apr. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties Prepared for you by: Amanda Wilson, PA


1 year 15 months
Apr 08 Apr 09 % Change Feb 08 Apr 09 % Change
Avg. Sq. Ft. Price 270 170 -37.2% 275 170 -38.4%

Date 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08 11/08 12/08 1/09 2/09 3/09 4/09
For Sale 7115 7047 6837 6793 6637 6531 6275 6326 6311 6256 6150 5955 5982 5794 5506
Sold 161 220 248 263 254 248 255 207 232 203 265 192 238 271 278
Pended 263 294 306 281 275 277 276 250 271 213 252 272 340 428 571
Mon of Inv. on Sold 44.2 32.0 27.6 25.8 26.1 26.3 24.6 30.6 27.2 30.8 23.2 31.0 25.1 21.4 19.8
Mon of Inv. on Pended 27.1 24.0 22.3 24.2 24.1 23.6 22.7 25.3 23.3 29.4 24.4 21.9 17.6 13.5 9.6
Avg. Act Price 640 640 621 606 605 611 598 594 601 606 610 618 609 610 619
Avg. Sld Price 433 472 444 449 428 380 388 387 332 285 319 236 283 320 242
Avg. Sq. Ft. Price 275.08 259.36 270.01 296.26 273.4 247.06 238.66 248.64 213.28 194.94 195.43 180.3 177.48 221.78 169.53
Sold/List Diff. % 90 88 88 85 88 90 87 90 88 89 84 89 86 88 87
Days On Market 125 137 125 121 135 110 133 133 113 117 124 116 125 111 109
Median Price 275 275 295 265 276 250 225 215 205 215 177 154 170 168 150

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 May. 2009
Location : Ft Lauderdale Beach , Ft Lauderdale North East , Ft Lauderdale North West , Ft Lauderdale South East , Ft Lauderdale South West

Days on Market & Sold/List Price % (Feb. 2008 - Apr. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties Prepared for you by: Amanda Wilson, PA


1 year 15 months
Apr 08 Apr 09 % Change Feb 08 Apr 09 % Change
Avg. Days on Market 125 109 -12.8% 125 109 -12.8%
Sold/List Diff. % 88 87 -1.1% 90 87 -3.3%

Date 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08 11/08 12/08 1/09 2/09 3/09 4/09
For Sale 7115 7047 6837 6793 6637 6531 6275 6326 6311 6256 6150 5955 5982 5794 5506
Sold 161 220 248 263 254 248 255 207 232 203 265 192 238 271 278
Pended 263 294 306 281 275 277 276 250 271 213 252 272 340 428 571
Mon of Inv. on Sold 44.2 32.0 27.6 25.8 26.1 26.3 24.6 30.6 27.2 30.8 23.2 31.0 25.1 21.4 19.8
Mon of Inv. on Pended 27.1 24.0 22.3 24.2 24.1 23.6 22.7 25.3 23.3 29.4 24.4 21.9 17.6 13.5 9.6
Avg. Act Price 640 640 621 606 605 611 598 594 601 606 610 618 609 610 619
Avg. Sld Price 433 472 444 449 428 380 388 387 332 285 319 236 283 320 242
Avg. Sq. Ft. Price 275.08 259.36 270.01 296.26 273.4 247.06 238.66 248.64 213.28 194.94 195.43 180.3 177.48 221.78 169.53
Sold/List Diff. % 90 88 88 85 88 90 87 90 88 89 84 89 86 88 87
Days On Market 125 137 125 121 135 110 133 133 113 117 124 116 125 111 109
Median Price 275 275 295 265 276 250 225 215 205 215 177 154 170 168 150

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 May. 2009
Location : Ft Lauderdale Beach , Ft Lauderdale North East , Ft Lauderdale North West , Ft Lauderdale South East , Ft Lauderdale South West

Avg Price For Sale & Sold (Feb. 2008 - Apr. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties Prepared for you by: Amanda Wilson, PA


1 year 15 months
Apr 08 Apr 09 % Change Feb 08 Apr 09 % Change
Avg. Active Price 621 619 -0.3% 640 619 -3.3%
Avg. Sold Price 444 242 -3.3% 433 242 -44.1%

Date 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08 11/08 12/08 1/09 2/09 3/09 4/09
For Sale 7115 7047 6837 6793 6637 6531 6275 6326 6311 6256 6150 5955 5982 5794 5506
Sold 161 220 248 263 254 248 255 207 232 203 265 192 238 271 278
Pended 263 294 306 281 275 277 276 250 271 213 252 272 340 428 571
Mon of Inv. on Sold 44.2 32.0 27.6 25.8 26.1 26.3 24.6 30.6 27.2 30.8 23.2 31.0 25.1 21.4 19.8
Mon of Inv. on Pended 27.1 24.0 22.3 24.2 24.1 23.6 22.7 25.3 23.3 29.4 24.4 21.9 17.6 13.5 9.6
Avg. Act Price 640 640 621 606 605 611 598 594 601 606 610 618 609 610 619
Avg. Sld Price 433 472 444 449 428 380 388 387 332 285 319 236 283 320 242
Avg. Sq. Ft. Price 275.08 259.36 270.01 296.26 273.4 247.06 238.66 248.64 213.28 194.94 195.43 180.3 177.48 221.78 169.53
Sold/List Diff. % 90 88 88 85 88 90 87 90 88 89 84 89 86 88 87
Days On Market 125 137 125 121 135 110 133 133 113 117 124 116 125 111 109
Median Price 275 275 295 265 276 250 225 215 205 215 177 154 170 168 150

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 May. 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 (Feb. 2008 - Apr. 2009)
Price Range: $0 - No Limit
SQFT Range: 0 - No Limit
All Res. Proptypes - All Properties Prepared for you by: Amanda Wilson, PA


1 year 15 months
Apr 08 Apr 09 % Change Feb 08 Apr 09 % Change
Months of Inventory (Closed Sales) 27.6 19.8 -28.3% 44.2 19.8 -55.2%

Date 2/08 3/08 4/08 5/08 6/08 7/08 8/08 9/08 10/08 11/08 12/08 1/09 2/09 3/09 4/09
For Sale 7115 7047 6837 6793 6637 6531 6275 6326 6311 6256 6150 5955 5982 5794 5506
Sold 161 220 248 263 254 248 255 207 232 203 265 192 238 271 278
Pended 263 294 306 281 275 277 276 250 271 213 252 272 340 428 571
Mon of Inv. on Sold 44.2 32.0 27.6 25.8 26.1 26.3 24.6 30.6 27.2 30.8 23.2 31.0 25.1 21.4 19.8
Mon of Inv. on Pended 27.1 24.0 22.3 24.2 24.1 23.6 22.7 25.3 23.3 29.4 24.4 21.9 17.6 13.5 9.6
Avg. Act Price 640 640 621 606 605 611 598 594 601 606 610 618 609 610 619
Avg. Sld Price 433 472 444 449 428 380 388 387 332 285 319 236 283 320 242
Avg. Sq. Ft. Price 275.08 259.36 270.01 296.26 273.4 247.06 238.66 248.64 213.28 194.94 195.43 180.3 177.48 221.78 169.53
Sold/List Diff. % 90 88 88 85 88 90 87 90 88 89 84 89 86 88 87
Days On Market 125 137 125 121 135 110 133 133 113 117 124 116 125 111 109
Median Price 275 275 295 265 276 250 225 215 205 215 177 154 170 168 150

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.

Keep the faith and live with passion--

Amanda Wilson, Realtor, EWM Real Estate--Fort Lauderdale, FL

MOTIVATIONAL SUNDAY--

We are all inventors, each sailing out on a voyage of discovery, guided each by a private chart, of which there is no duplicate. The world is all gates, all opportunities.
Ralph Waldo Emerson

"Always do what you are afraid to do."
Ralph Waldo Emerson

We are what we repeatedly do. Excellence, therefore,
is not an act but a habit.
Aristotle

Fortune favors the brave.
Publius Terence

Knowing is not enough; we must apply.
Willing is not enough; we must do.
Johann Wolfgang von Goethe


AMANDA WILSON, REALTOR, EWM REAL ESTATE, FORT LAUDERDALE, FL

Foreclosures Surging in South Florida

As the recession is easing, the number of foreclosures are surging--perhaps it is the shadow inventory! The numbers shouldn't be surprising...there are many more foreclosures yet to come!

Broward County had 10,305 homeowners in some stage of foreclosure in April, 2009--this is more than twice the 4,599 foreclosures in March, 2009 and nearly double from a year ago (according to figures released by RealtyTrac). Broward has the state's third highest foreclosure rate, with one in every 78 households in some stage of foreclosure. One is every 135 Florida households received a foreclosure filing last month! This is roughly three times the national average.

And as most of us realize, home prices are still on decline--however, the housing market on the whole appears to be stabilizing.

Better days are ahead.

Amanda Wilson, Realtor--EWM Real Estate, Fort Lauderdale, FL (954.790.0377)

$8,000 TAX CREDIT CAN SOON BE USED FOR DOWN PAYMENT--IN FLORIDA

BREAKING NEWS--THIS IS GREAT NEWS FOR ALL FLORIDA FIRST-TIME HOME BUYERS THAT MAY BE EXPERIENCING A DIFFICULT IN DOWN PAYMENT MONIES....

2009 FLORIDA LEGISLATURE ADJOURNS

TALLAHASSEE, Fla. - May 8, 2009 - Having approved a $66.5 billion state budget, the 2009 Florida Legislature adjourned minutes ago.

For the Florida real estate industry, the budget includes several gems. Perhaps the shiniest: $30.1 million for downpayment assistance programs. Beginning July 1, those who qualify for the federal first-time homebuyers tax credit will be able to apply for downpayment assistance in advance of closing, and then repay the amount borrowed when they get their tax refund.

"What an incredible opportunity for thousands of families," says Cynthia Shelton, 2009 FAR president. "The beauty of this program is that the state will be paid back and, conceivably, more potential homebuyers could take advantage prior to the Dec. 1 expiration of the $8,000 federal first time homebuyer tax credit."

The program will operate through local county housing administrators, though details are still being worked out. Keep reading FAR's EarlyBird e-news and checking the home page of floridarealtors.org for updates.

The state spending plan passed today also includes the following for real estate-related programs:

· Up to $400,000 to prevent, combat and publicize the dangers of unlicensed real estate activity in Florida.


· $540,000 to continue and complete a study to make recommendations on passive strategies on nitrogen reduction that complement the use of onsite wastewater treatment systems.


· $3 million in the Real Estate Trust Fund for the Education and Research Foundation.


· A reduction in the eviction filing fees from $265 to $180 - the only fee reduction in the 2009-10 budget and one with a negative fiscal impact of up to $36 million.


Even though the session was extended to today for the purpose of budget negotiations, all non-budget legislation was finalized last Friday. Here are the highlights reported previously:

· SJR 532, a constitutional amendment that will ask voters to limit increases in property tax assessments on all non-homestead properties to 5 percent annually. First-time homebuyers could benefit, too, with an additional homestead exemption up to $100,000.


· HB 521, a bill that puts the burden of proving that a property tax assessment is correct on the appraiser, not the property owner.


· In the area of property insurance, the Legislature capped rate increases at 10 percent per year for Citizens policyholders (HB 1495). The Legislature also repealed the requirement that, effective Jan. 1, 2010, sellers of property located in a wind-borne debris region, and which has an insured value on the structure of $500,000 or more, provide prospective buyers the structure's windstorm mitigation rating.


· The growth management bill (SB 360) FAR supported passed as a big package. It includes a provision to encourage urban infill by eliminating transportation concurrency, one that allows for expedited comprehensive plan reviews, and another that eliminates the development of regional impact process (DRIs) in urban areas. The bill also extends previously obtained permits and approvals by two years, creates a transition process for moving towards a mobility fee system, and streamlines and reduces inefficiency in the state's approach to growth management.


For additional updates, please visit FAR's legislative Web site: http://www.floridarealtorslegislative.org

Mother's Day and the greatest Gift

Happy Mother's Day, especially to my mom!

One of the grestest gifts to give is love....

And with Mother's Day--it causes me to think about parents--and the greatest gift a parent can give to their children is education, education, education!

This is a changing world and these are definitely changing times and there is more to come. Did you know the top 10 in-demand jobs in 2010 did not exisit in 2004? Did you know--In India, 25% of the population has the highest IQ and this amount is greater the the total population of the United States. In China, parents start planning for their child's education at their birth!

While parents in the U.S. certainly do love their children--they give them gifts--a new cell phone, a plasma TV, a new car at 16, clothes, credit cards, ipods, new video games--many forget about the important role that education plays in a child's life...and how imperative it is to expose their child to different experiences and to communicate with them about their hopes and dreams of the future.

Gifts come and go...education lasts a lifetime and prepares a child for THE NEW WORLD!

AMANDA WILSON, REALTOR, EWM REAL ESTATE, FORT LAUDERDALE, FL