South Florida Waterfront Property Values Holding Strong

A recent article in The Miami Herald addressed property value trends in different segments of the South Florida real estate market.

The article found that while distressed properties in Miami-Dade County are pulling sales prices down in some South Florida areas, new construction and non-distressed resales are actually doing quite well!
The segment of the South Florida real estate market that is doing best, according to a well know property appraisal firm, are the non-distressed resales in the coastal communities of Miami-Dade County.

In that segment of the South Florida real estate market, sales are comparable to 2005 levels.

And if you don’t consider the area’s foreclosures and short sales, sale prices are steady.

South Florida Real Estate Market

Here’s some of the other South Florida real estate market data that the Miami Herald recently reported:

  • There were 5,101 existing home sales in the first quarter in the South Florida coastal market.  This is the highest it’s been in five years.
  • The average sales price for non-distressed home in the coastal communities of Miami-Dade County was $482,870, which is an increase of about 0.4 percent.
  • List prices and sales prices are more closely matching up now.  For instance, the difference between list and sales price went from 11.6 percent last year to 8.3 percent this year.

All of this means that the South Florida real estate market is starting to return to stable conditions in which it’s not skewed toward a buyer’s market. This is no doubt great news for South Florida home sellers.

Listing Your South Florida Home for Sale

If you’re thinking about selling your South Florida home, then contact me, Scott Patterson.

As your South Florida real estate expert, I have real estate experience in several of the South Florida communities, including Aventura, Bal Harbour, Davie, Hallandale, Hollywood, Golden Beach and Sunny Isles.

When you list your South Florida home with me, I’ll work hard to ensure that we get the best sales price on your home and in as little time as possible.

Until next time,
Scott

Hollywood Boulevard Improvement Project Has Begun

On April 30th the City of Hollywood Florida commenced the long awaited Hollywood Boulevard Improvement Project. The project will take nearly a year to complete and it’s main objective is to construct a median that will prevent direct crossing from north to south along the Hollywood Boulevard which has caused numerous accidents over the years. The landscaped median will be 19 feet wide and will span from the Intracoastal Bridge (recently renovated as well) to Downtown Hollywood, the project will also focus on improved drainage.  The Hollywood Lakes community will definitely benefit from the project which in addition to preventing direct crossing along Hollywood Blvd. will also add to the neighborhoods aesthetic appeal.

I went down to Hollywood Blvd. to capture the work in progress!

[youtube:http://www.youtube.com/watch?v=JeNx0KPbUeU]

Read more about Hollywood and Hollywood Lakes!

Dockside Dining In Hollywood Florida

Boating in Hollywood, Hallandale, Aventura and South Florida

Whether you are looking for a place to take your boat or simply enjoy the scenic water views while dining, below is a list of restaurants that offer dining along the waterfront in Hollywood Florida. If you are planning a trip to Hollywood you might want to check out local events and things to do to in the area.

Being a boater myself I love the ability to experience South Florida from a different perspective as well as waterfront dining. I have personally been to all of these restaurants and really enjoy the ambiance and relaxation waterfront dining offers.

Hollywood Restaurants Along The Intracoastal Waterway

Billy’s Stone Crab
400 N. Ocean Drive
Hollywood, FL 33019
P: 954-923-2300 

Capone’s Flicker-Lite
1014 N. Ocean Drive
Hollywood, FL 33019
P: 954-922-4232

Giorgio’s Bakery Market
800 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-5550

Giorgio’s Grill
606 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-7030

Las Palmas Tropical Grille & Sushi
1318 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-0550

Scott Patterson

Hollywood Florida Real Estate

Le Tub Saloon
1100 N. Ocean Drive
Hollywood, FL 33019
P: 954-925-4840

Nikki Marina at the Diplomat Landing
3660 S. Ocean Drive
Hollywood, FL 33019
P: 954-602-8750

Rivals Waterfront Sports Grille at the Diplomat Landing
3460 S. Ocean Drive
Hollywood, FL 33019
P: 954-602-8760

Taverna Opa
404 N. Ocean Drive
Hollywood, FL 33019
P: 954-929-4010