Tim Jones's (ccrfll) Blog

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...

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...

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...

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 betwe...

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 c...

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:...

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 i...