Broward Luxury Market Report - Third Quarter 2011

Third Quarter Market Update of Broward Luxury Homes for Sale and Homes Sold

Broward Luxury Home Sales

This report details Broward County Florida luxury home sales for the Third Quarter of 2011. The parameters used are homes listed at or above $1,000,000.

65 Homes Luxury Homes have sold from July to September with a list price at or above $1 million dollars.
11 were Broward County Short Sales
3 were Broward Luxury Foreclosures
21.5% of the luxury homes sold in the third quarter were distressed properties.

List Price of these Broward County luxury homes sold range from $1,050,000 – $5,900,000.

Sold Price of these luxury homes range from $575,000 – $5,650,000.

Highest Third Quarter Broward County Luxury Home Sale

List Price $5,900,000
Price Sold $5,650,000
527 Days on Market
Not a Short Sale or REO
Located in Lighthouse Point
Community: Venetian Isles

Lowest Luxury Home Sold in Broward County in the Third Quarter

List Price $1,399,000
Price Sold $575,000
254 Days on The Market
Located in Deerfield: The Cove

Cities With Recent Sales of Properties listed at $1million and above, Sale Range and Number of homes sold.

City	Sold Price Range	# of Homes Sold
Davie	$1,080,000 – $1,875,000	3
Deerfield	$575,000	1
Ft Lauderdale	$1,000,000 – $3,500,000	26
Hallandale	$1,065,000 – $1,375,000	2
Hollywood	$930,000 – $2,535,000	4
Lighthouse Point	$1,040,000 – $5,650,000	7
Parkland	$1,230,000 – $4,000,000	4
Plantation	$950,000 – 1,600,000	5
Pompano	$875,000	1
Weston	$890,000 – $2,325,000	12