Fort Lauderdale Multifamily Continues Upward Trend

Multifamily Sales Price Trend (per unit)

The Miami/Fort Lauderdale Metro multifamily market continues its upward trend with per unit sale prices up 14.9% year over year. This trend is relatively modest compared with previous years. This time 3 years ago properties were trading for about $45,000 per unit. Now the median sales price per unit is over $81,000.

Multifamily Asking Price Trend (per unit)

Current Fort Lauderdale multifamily asking prices are up 13.6% over last year which is currently outperforming the metro area which is up 10.7%. The Fort Lauderdale multifamily trend is also up more than Broward County and the state of Florida which are trending at 12.5% and 12.2% respectively. After peaking in mid 2013 asking prices are again rebounding in Fort Lauderdale with median ask price at $121,793 per unit.