Property value continues sinking in Seven Isles.  The August 2011 historical low ($6,974/WFft) was tested last March ($7,600/WFft) and again in May ($8,554/WFft).  The historical high ($66,667/WFft) was made in September 2007.  The average of the 14 closed sales during the trailing six-months (16,080/WFft) is 8% below the trailing 24-month average ($17,512).  In terms of closed price, the trailing six-month average ($1,781,333) is 12% below the trailing 24-month average ($2,027,968).  Of the four isle neighborhoods intersecting Las Olas Boulevard, only Nurmi Isle property value has turned up.  Currently in Seven Isles, no properties are pending sale and of the 21 listings only two are priced below the closed sale average/waterfront foot of the trailing 24 months.  Details at... http://www.coastcountiesrealty.com/Reports/SI1.htm

Seven Isles Fort Lauderdale

 

CITRUS ISLES: NEW HIGH TIDE MARK
07/02/2012
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Avocado Isle’s May closed sale ($12, 692/WFft) breached the previous historical high reached April 2006 on Mango Isle ($11, 923/WFft). The historical low, $2, 867/WFft) was made January 2010 on Avocado Isle as well. As in several other… more
WAVERLY LAS OLAS: IT’S THE INVENTORY…
04/24/2012
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During the harrowing 46-month descent from the January 2007 HIGH ($487/LIVsqft) to the November 2010 LOW ($88/LIVsqft), the INVENTORY of available condos listed for sale ranged between 30 and 50. Now? Five--none priced below the average of the… more
APPRECIATING VICTORIA PARK TOWN HOMES
04/13/2012
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The 183 town homes sold between the March 2006 HIGH and the July 2010 LOW average $217/LIVsqft; the 76 town homes sold between the LOW and last February average $157--a 28% decline in value. The 13 town homes sold in the trailing three months… more
REAL VALUE RIO VISTA
04/10/2012
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While property value continues eroding, sales closed during the trailing three months suggest a recovery in Rio Vista is underway. The average of the trailing 24 months' 52 closed sales--$271/LIVsqft is 9% below the average of the trailing three… more
Ft Laud FL Waterfront Market Rankings
01/27/2012
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FT LAUD ISLES CLOSED SALES RANKING TRAIL 12 CLOSED SALES Las Olas-22, Seven-16, Nurmi-12, Citrus-10, Riviera-10, Rio Vista-9. VALUE (AVG) PRICE Nurmi-$2, 832, 292, Riviera-$1, 960, 000, Seven-1, 912, 969, Las Olas-$1, 796, 256, Rio Vista-$1, 502, 156, Citrus-… more
RIO VISTA ISLES OFF THE LOW AND SLOW
01/17/2012
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Since the June 2009 low ($7, 111/WFft), only four of the twenty waterfront properties sold below $10, 000/WFft, and the 16 properties that sold above $10, 000 average $21, 456. Waterfront property is appreciating: average closed sale price trailing 24… more
CITRUS ISLES: RISING TIDE
01/12/2012
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Of the 17 waterfront properties sold in the Citrus Isles since the January 2010 historical low ($2, 867/WFft) only two properties have closed below $4, 000/WFft; and the average of these 17 sales ($5, 304/WFft) is 45% higher than the historical low… more
FORT LAUDERDALE CONDO RANKINGS
01/10/2012
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FT LAUD CONDOS CLOSED SALES RANK TRAIL 12 SALES Symphony-39 RiverHouse-30 Waverly-29 Watergarden-25 Las Olas Grand-18 Las Olas Beach Club-7 AVG PRICE Las Olas Beach Club-$1, 294, 286 Las Olas Grand-$792, 722 RiverHouse-$549, 785 Watergarden-$382, 140… more
RIVER HOUSE LAS OLAS: SUPPORT @ $200/LIVsqft
12/15/2011
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Since the August 2009 Historical Low ($169/LIVsqft), Closed Sale Prices per LIVing Area dipped below $200 only once (March 2010) and bounced off $200 six times. These 65 closed sales average $276/LIVsqft and $599, 855. Recently however sales have… more
 
Salute

Tim Jones

Fort Lauderdale, FL

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Coast Counties Realty

Address: 1318 E Las Olas Blvd , Suite 102, Fort Lauderdale, FL, 33301

Office Phone: (954) 767-0886

Cell Phone: (954) 235-8466

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