All posts by Kevin Wirth

Condos $200K – $400K

Fort Lauderdale Condos
$200,000 – $400,000

Welcome to my 2018 Fort Lauderdale Gay Realtors Guide to condos for sale priced from $200,000 – $400,000 – focusing in on oceanfront condos.

Fort Lauderdale offers a great choice of condos in this price range

Search Condos $200K – $400K

 

Currently there are currently 2480 Fort Lauderdale condos for sale in this price range – so there is plenty of selection.

Of these 2480 condos for sale in this price range 436 units are oceanfront condos for sale!

In our last post for February / March 2018 there were 408 x oceanfront condos for sale

Our market analysis report for these oceanfront condos for sale is presented below.

BEDS / BATHS LA LP$
Min 0 / 1 280 $205,000
Max 3 / 2 1800 $400,000
Avg 1 / 1 983 $323,822
Median 1 / 1 940 $329,000

We can also see from this report that the median price is $329,000 – this being for a 1 bedroom 1 bathroom oceanfront condo for sale of 940 square feet 

In our last post the median price was the same at $329,000 – this being for a slightly smaller 1 bedroom 1 bathroom oceanfront condo for sale of 906 square feet 

What is important to note however from this report is that these numbers represent condos for sale across Greater Fort Lauderdale and do not take into account individual neighborhoods.

Fort Lauderdale like any city varies by the block and while overall many parts of Fort Lauderdale are popular with the gay community – there are some communities / neighborhoods that are less popular – ones that as a Gay Fort Lauderdale Realtor – I personally would not recommend.

More on Popular Gay Friendly Neighborhoods

View Fort Lauderdale oceanfront condo for sale priced between $200,000 - $400,000
View Fort Lauderdale oceanfront condo for sale priced between $200,000 – $400,000

Pricing Analysis
Oceanfront Condos

Here is our Fort Lauderdale Pricing Guide for Oceanfront Condos priced from $200,000 to $400,000.

Price Range Quantity
$200,000 – $249,999 52
$250,000 – $299,999 99
$300,000 – $349,999 136
$350,000 – $400,000 149
Total 436

We can see from this report that the inventory of units for sale increases as prices rise.

Important to note however is that there are oceanfront units for sale that are priced under $249,999 – with 52 units for sale!

Also important for buyers of Fort Lauderdale oceanfront condos to take into account – is that often times there will be a trade-off – between unit size and neighborhood / location.

Often time buyers come in with a specific desire to be in a popular gay neighborhood – however they find that their options in this price range can be limited.

As one of our companies top Gay Fort Lauderdale Realtors – I can guide you on other options, in communities that are gay friendly and popular with the Gay/LGBT community.

View 2 bedroom Fort Lauderdale oceanfront condo for sale priced under $400,000
View 2 bedroom Fort Lauderdale oceanfront condo for sale priced under $400,000

Oceanfront Condos
Median Prices by Bedroom

Here is a summary chart of median prices for Oceanfront Condos currently for sale – units priced between $200K – $400K.

BEDS / BATHS LA LP$ LP$/SqFt
0 / 1 488 $267,900 $481.00
1 / 1 874 $306,500 $354.00
2 / 2 1200 $364,748 $293.00

We can see from this report that the median price for:

  • Oceanfront Studios is $267,900 – this being for a 486 square foot unit with 1 bathroom and a list price to square foot price of $481.00
  • 1 Bedroom Condos is $306,500this being for a 874 square foot unit with 1 bedroom and 1 bathroom and a list price to square foot price of $354.00
  • 2 Bedroom Condos is $364,748 – this being for a 1200 square foot unit with 2 bedrooms and 2 bathrooms and a list price to square foot price of $293.00

As a Fort Lauderdale Realtor / Real Estate Agent I personally find this summary chart useful.

I breakdown and discuss each category further below.

Studios

There are currently 23 oceanfront studios in this price range – with prices ranging from $215,000 – $349,000 – up slightly from 21 studios for sale as in our last post!

It is important to note is that this is still well down from earlier in 2017 when there were 32 oceanfront studios for sale!

Our market analysis report for these 23 units is presented below.

BEDS / BATHS LA LP$
Min 0 / 1 280 $215,000
Max 0 / 1 590 $349,000
Avg 0 / 1 452 $268,191
Median 0 / 1 488 $267,900

Typically studios run at around $485.00 – $525.00 per square foot based on median prices – but they can go all the way to $775.00 or more – especially for Luxury Condo Hotel Units.

Fort Lauderdale has a great selection of Hotel / Condos that can be placed into the Hotel rental program – two of the most popular Hotel Condos is The Hilton Fort Lauderdale Beach Resort & The Atlantic Hotel.

The median price for a studio currently for sale in this price range in Fort Lauderdale is currently $267,900 – this being for a unit of 488 square feet

It is important to note that median prices for studios are on the rise – this month is up from $265,000 – this being for a unit of 486 square feet!

Generally a studio for sale is around 450 – 500 square feet in size

1 Bedroom Units

There are 240 x 1 bedroom oceanfront condos in this price range – – with prices ranging from $208,000 – $400,000

This is up a little from our last post when there were 235 x 1 bedroom oceanfront condos for sale.

The market analysis report for these 240 units is presented below

BEDS / BATHS LA LP$
Min 1 / 1 530 $205,000
Max 1 / 2 1300 $400,000
Avg 1 / 1 871 $305,723
Median 1 / 1 874 $306,500

Typically 1 bedroom condos run at $355.00 – $365.00 per square foot based on median prices – but they can go all the way to $695.00 or more.

The median price for a 1 bedroom 1 bathroom unit is $306,500 – this being for a unit of 874 square feet –

It is important to note that median prices are down slightly from $309,900 in our last post – this being for a unit of 874 square feet

Generally a 1 Bedroom condo is around 870 – 950 square feet in size.

2 Bedroom Units

In my experience 2 Bedroom units are by the most popular and sought after units with Fort Lauderdale gay realtors.

Currently there are 172 x 2 bedroom oceanfront condos in this price range – with prices ranging from $245,000 – $400,000

This is up from the 150 x 2 bedroom condos for sale in our last post!

The market analysis report for these 172 units is presented below

#BEDS LA LP$
Min 2 / 1 800 $245,000
Max 2 / 2 1800 $400,000
Avg 2 / 2 1196 $356,103
Median 2 / 2 1200 $364,748

Typically 2 bedroom condos run at $290.00 – $300.00 per square foot based on median prices – but they can go all the way to $470.00 or more.

The median price for a 2 bedroom unit is $364,748 – this being for a unit of 1200 square feet

It is important to note that the median this month is up from our last post when the median was $359,950 – this being for a unit of 1200 square feet

Generally a 2 bedroom condo is around 1100 – 1200 square feet in size – though some can be much smaller.

Note: As you increase unit size in this price range you tend to move further away from central Fort Lauderdale and away from some the more popular gay friendly neighborhoods.

There are however still many great neighborhoods /communities that are popular with the Gay/LGBT community that are well worth considering!

View oceanfront condo for sale gay friendly North Beach neighborhood Fort Lauderdale
View oceanfront condo for sale gay friendly North Beach neighborhood Fort Lauderdale

Featured Neighborhood
North Beach

In each post I like to feature a popular gay friendly neighborhood.

A popular neighborhood with Fort Lauderdale Gay Realtors including myself is North Beach  – a great neighborhood set between the Intracoastal and the Ocean!

Currently in the popular and gay friendly neighborhood of North Beach here in Fort Lauderdale there are 52 condos for sale – with prices ranging from $209,900 – $395,000.

It is important to note that the number of condos for sale is well up from 22 condos for sale as in our last post December 2017 / January 2018!

Our market analysis report for these units is presented below.

BEDS / BATHS LA LP$
Min 0 / 1 360 $220,000
Max 1 / 1 975 $395,000
Avg 1 / 1 648 $291,924
Median 1 / 1 584 $284,500

We can see from this report that the:

  • Average price for a condo in this price range here in North Beach is $291,924 – this being for a studio unit of 648 square feet.  In our last post the average price for a condo in this price range here in North Beach was lower at $289,461 – this being for a studio unit of 770 square feet.
  • Median price for a condo in this price range here in gay friendly North Beach is $284,500 – this being for a 1 bedroom 1 bathroom unit of 800 square feet.  In our last post the median price for a condo in this price range here in gay friendly North Beach was ever so slightly higher at $285,000 – this being for a 1 bedroom 1 bathroom unit of 800 square feet.

Most Fort Lauderdale gay realtors will agree that this popular gay friendly community is one that is well worth considering – especially if your looking to purchase a Fort Lauderdale condo in the price range of $200,000 – $400,000.

Read more on gay friendly North Beach

Kevin Wirth Fort Lauderdale Realtor

I hope this post on Fort Lauderdale condos for sale priced from $200K to $400K has been enlightening – we try to update and post these each month – Kevin Wirth – Fort Lauderdale Gay Realtors