Fort Lauderdale Market Overview
The City of Fort Lauderdale, which developed out of fortifications built in 1838 during the Second Seminole War, has grown into a diverse metropolitan area with many annual events and a strong tourism industry. Fort Lauderdale beach is a hub of activity, and is host to an annual Air and Sea show, which draws between two and three million spectators each year. Unique local attractions include the Museum of Discovery and Science, located in the Riverwalk arts and entertainment district. This is home to the largest living coral reef in any museum. The museum runs programs for schools and school camps, and locals are able to enjoy multiple benefits as subscribed members, such as complimentary tickets to the museum’s IMAX theatre.
Real Estate in Ft. LauderdaleReal estate in Fort Lauderdale is diverse – there are beachfront condos and family homes, properties which look out over the city’s attractive network of canals, and homes situated more inland. Because the city’s economy has diversified in recent years (tourism used to be the primary industry), there has been an influx in residents and a rise in property prices due to demand. Certain neighborhoods, such as Imperial Point and Victoria Park, are especially popular. During the period from November 2012 to January 2013, properties in Fort Lauderdale cost an average of $195, 000, an average taken from a statistical sample of a thousand home sales. This is an increase of 21.9% from the previous year, making Fort Lauderdale property a promising investment opportunity.
Ft. Lauderdale Lifestyle
Those who live within close proximity to Fort Lauderdale’s entertainment district are able to enjoy a diverse array of cultural activities. The Florida Grand Opera has been putting on performances of the world’s best-loved operas for seventy years and is still going strong. The Museum of Art, which is situated at the corners of East Las Olas Boulevard and Andrews Avenue in downtown Fort Lauderdale, offers not only thought-provoking exhibitions of contemporary modern art but also runs art classes for adults as well as kids throughout the year. Property in the downtown area is well-situated for quick access to a diverse variety of establishments and amenities. With its diverse attractions, from annual cultural events to beautiful waterfront real estate, it is easy to see why Fort Lauderdale has become a popular choice for those who wish to relocate.
|Fred Sylvester, of Accredited Building Consultants, is a State of Florida Certified Home Inspector and Commercial Building Inspector with over 35 years of construction experience. Fred specializes in Southwest Florida, including Home Inspections and Commercial Building Inspections in Fort Myers, Cape Coral, and Naples FL.|