It’s been said that Fort Lauderdale is a “submarket” to Miami and Palm Beach, and once that buyers get to know South Florida, they’re impressed by Fort Lauderdale’s variety of inventory and often expand their horizons. What type of residential real estate inventory does Fort Lauderdale have that Miami and Palm Beach lack? Donna Incorvaja, real estate associate and licensed broker at RelatedISG Realty, explains.
“In Fort Lauderdale, you are getting true end consumers who are purchasing homes, whereas in Miami, you are seeing international investors and buyers who are looking to make a return on their investments. Fort Lauderdale’s inventory revolves around exceptionally priced single-family homes located in safe, family-oriented neighborhoods that are located on the water or by the beach with no additional maintenance and HOA fees. Palm Beach, on the other hand, offers the same type of single-family home inventory with additional costs such as community-golf membership fees, HOA fees, and maintenance fees.”