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FORT LAUDERDALE Condos Las Olas & Downtown Rankings August 2011 - 08/23/11 03:37 PM
CLOSINGS LAST 24 MONTHS: Waverly 66, Symphony 60, River House 59, Watergarden 44, Las Olas Grand 33, Las Olas Beach Club 26.
CLOSINGS LAST 12 MONTHS: Symphony 34, Waverly 33, River House 33, Watergarden 19, Las Olas Grand 18, Las Olas Beach Club 12.
CLOSINGS LAST 6 MONTHS: Symphony 17, Waverly 14, River House 14, Las Olas Grand 12, Watergarden 10, Las Olas Beach Club 5.
AVERAGE CLOSED PRICE ($/LIVsqft) LAST 24 MONTHS: Las Olas Beach Club $399, Las Olas Grand $335, Watergarden $327, River House $268, Symphony $217, Waverly $135.
AVERAGE CLOSED PRICE ($/LIVsqft) LAST 12 MONTHS: Las Olas Beach … (0 comments)
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APPRECIATING LAS OLAS GRAND APPRECIATION - 08/22/11 12:15 PM
While the 33 closed sales during the past 24 months as well as the 18 closed sales during the past 12 months average $335/LIVsqft, the average of the 12 sales during the past six months—$355—show six percent condo value appreciation. Although last September’s historical low ($222) is 71% off the November 2007 historical high ($762), the average of last April’s four closed sales (349) is a 56% appreciation from the low. Currently, the four pending sales average $337, and of the ten condos available (average $444), only three are under market: Condo 503/603 @ $315; Condo 2303 @ $320, and; Condo … (0 comments)
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RIVER HOUSE RANGE - 08/18/11 12:13 PM
During the past year, the 33 closed sales at Las Olas River House ranged between $207 and $336/LIVsqft and averaged $272/LIVsqft. The historical high ($610/LIVsqft) occurred in April 2006; the low ($163) was made in August 2009. Since May, discounts (from last list price) have dwindled to between one and seven percent. The six pending sales average $341/LIVsqft, and of the current 15 listings (average $446) only three are priced under market: Condo 1505 @ $258; Condo 2104 @ $230, and; Condo 306 @ $256. in February the four new listings averaged $352/LIVsqft; the five in June averaged $360. http://www.coastcountiesrealty.com/Reports/RH1.htm
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SYMPHONY CONDO FLL--DO RE MI - 08/16/11 12:35 PM
DO—last November’s historical low ($148/LIVsqft); RE—January’s closed sale ($259); MI—July’s closing ($304) shows Symphony Condo value scaling higher—a 52% FA SOL LA from the May 2006 historical high ($631). While the average of the six pending sales ($204) predict a RE—not a DO—NONE of the 13 current listings (average $293) are UNDERMARKET (priced below the average closed sale price of the 60 sales during the past 24 months). Market activity during the past six months is pretty fair: 25 new listings; 17 closed sales. February’s six new list prices average $225; July’s three average $329. Get the details: http://www.coastcountiesrealty.com/Reports/S1.htm
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WATERGARGEN WATERSHED - 08/09/11 12:30 PM
While last January’s historical low ($222/LIVsqft) continues to hold, the average sale price of the 10 closed sales during the past six months (318/LIVsqft) show the decline in Watergarden condo values easing to (a) bottom. The average sale price of the 44 closed sales during the past 24 months: $327 and of the 19 sales during the past 12 months: $319 is a decline of 45% from the October 2006 historical high ($585). Since last April’s 16%, discounts (from last list price) dwindled to zero in July. The five pending sales average $312/LIVsqft may presage further slight value decline; of the … (0 comments)
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WAVERLY LAS OLAS: LEADING DOWNTOWN CONDO INDICATOR - 08/03/11 11:51 AM
What happens in the downtown condo market—highs, shorts, REOs, lows—happens first at The Waverly—the first and most populated of the five newer Fort Lauderdale downtown condos. Since December 2009 values—on a Closed Price/Living Area basis ($/LIVsqft) have stayed right around $150/LIVsqft, and inventory has ranged between 25 and 40 listings. NOW INVENTORY IS FIVE LISTINGS. That’s right, FIVE condos available for sale. If value is a function of supply and demand, prices will be increasing—probably soon after the 12 pending listings close. Note the average value of the 12 pending sales is $177,488 and the average of the five listings is … (0 comments)
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Tim Jones
Fort Lauderdale,
FL
More about me…
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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