O N E S O T H E B Y S R E A L T Y . C O M

M I D - Y E A R U P D A T E

2015

R E A L E S T A T E M A R K E T R E P O R T

B R O W A R D / S O U T H E N D

Current Status: Broward*

Broward County, which contains cities such as Fort Lauderdale, Hollywood and Weston,

is seeing strong luxury interest as a more affordable, more suburban alternative to the

adjoining Miami-Dade market. Broward County had a larger number of prime single-family

transactions at 1,966 in the first half of 2015, reflecting the size and suburban character of

its luxury submarkets. Luxury homes also remain fairly affordable in Broward County; it is

possible to get into suburban luxury neighborhoods, such as the retail hub of Sunrise and

the affluent suburb of Weston, for under $200 per square foot.

Number of Transactions (YTD)

Average Price per Square Foot (YTD) 1

Luxury Spotlight (YTD)

1,966

$211

$1M to $5M Transactions

$5M to $10M Transactions

$10M+ Transactions

Avg. Home Price

$1,742,822Avg. Home Price

$5,703,571Avg. Home Price

N/A

# Sold

1939.8% of total transactions

# Sold

70.4% of total transactions

# Sold

00% of total

transactions

# Listed

695# Listed

59# Listed

21

* Numbers include only the county’s most prominent neighborhoods. For a full list, visit onesothebysrealty.com/trends (p. 4).

1. All percentage changes were calculated comparing 1st Half 2015 to 1st Half 2014.

Hollywood BeachHollywood Beach is home to both condominiums and single-family homes of diverse

age, size and style. Pricing held generally steady over 2014, with a slight decrease in

non-waterfront prices and a slight increase in waterfront prices. Condominium prices

appreciated by an average of 4%, reflecting increasing international demand emanating

from Miami-Dade County and northern neighbor, Fort Lauderdale.

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Hollywood Beach

$600$300$0

$208 h 1%

Waterfront: Avg. $/S.F.

Avg. Home Price

$522,186Hollywood Beach

Non-Waterfront

h 13%

Avg. Home Price

$1,636,875Hollywood Beach

Waterfront

g 35%

$600$300$0

$341 g 1%

Spotlight: Luxury Single-Family Home Transactions*

The Condo Market (YTD)1,2

WF ‡

% Sample Traded †

2%

Avg. Sales Price Avg. S.F. Avg. $/S.F. % Change ($/S.F.)

$5472,669$1,458,500 g 4%

Hallandale Beach (Hyde Resort & Residences)

South Broward: New DevelopmentsHallandale Beach and Hollywood Beach, two midpoints between the cities of Miami

and Fort Lauderdale, are currently experiencing a new residential development surge. In

demand greatly due to their convenient location and beachfront condo living, Hallandale

and Hollywood both offer an array of exclusive new condominium developments.

* The top 50% of each market, by average price. ‡ WF: Waterfront

Our Picks for the Top New Condos

Beachwalk

Oceanbleau

Apogee Beach

Hyde Beach House

Hyde Resort & Residences

Hallandale

Hollywood

Hollywood

Hollywood

Hollywood

Completed

2016

Completed

2018

2016

Development Area Completion

Hallandale BeachHallandale Beach, which borders Miami-Dade, saw strong performance in waterfront and

condominium pricing, partially attributed to international buyers lured by new projects such

as Beachwalk, that have positioned themselves as a more affordable alternative to Sunny

Isles and North Beach. Hallandale Beach’s waterfront single-family homes increased by

37% with growing demand from the Golden Isles subdivision behind Gulfstream Park.

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Hallandale Beach

$600$300$0

$273 h 1%

Waterfront: Avg. $/S.F.

Avg. Home Price

$1,075,186Hallandale Beach

Non-Waterfront

h 4%

Avg. Home Price

$2,975,556Hallandale Beach

Waterfront

g 54%

$600$300$0

$538 g 37%

Spotlight: Luxury Single-Family Home Transactions*

2. Condo sections do not contain a Luxury Spotlight, since the product sample is already representative of the high-end market.

The Condo Market (YTD)1,2

WF‡

% Sample Traded †

5%

Avg. Sales Price Avg. S.F. Avg. $/S.F. % Change ($/S.F.)

$5001,503$751,010 h 10%

©MMXV ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s In-ternational Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated. Statistics provided by Integra Realty Resources – Miami\Palm Beach. The information contained herein is deemed accurate but not guaranteed.

† For details on methodology, please see our 2015 report at onesothebysrealty.com/trends (p. 5).

View our full 2015 TRENDS Real Estate Report:

onesothebysrealty.com/trends

Interested in following live stats and listing activity?

Please visit onesothebysrealty.com/neighborhoods.