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Elliman Report: Fort Lauderdale Sales 1Q 2017

Overall Fort Lauderdale market conditions showed modest price gains and stable sales volume. Condo median sales price edged up 0.6% to $263,000 and single-family median sales price rose 5.3% to $300,000 respectively from the prior year quarter. Property types within the luxury market, representing the top 10%, showed stability after accounting for the change in average sales size. The luxury condo median sales price rose 5.1% to $1,112,500, consistent with the 5% rise in the average square footage to 2,585…

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