September Bottom at Las Olas Grand Fort Lauderdale

Since the high in November 2007 ($761.96/LIVsqft), Las Olas Grand condo prices have perhaps reached the bottom ($221.79/LIVsqft) last September.  Both condos sold in October closed off the bottom, averaging $308.32/LIVsqft.  No sales are pending.  25 condos are available for sale, averaging $423.34/LIVsqft; six or 24% of the listings are priced under the average closed sale price during the last 24 months ($328.76/LIVsqft).  Market activity is steady; during the past six months 11 condos have been listed for sale, and eight condos have sold. New listing during the last six prices range between $323.22/LIVsqft (September) -- $462.38/LIVsqft (July).  Get the details at...

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