Tim Jones's (ccrfll) Blog

FT LAUD ISLES CLOSED SALES RANKING TRAIL 12CLOSED 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-$335,350.  VALUE (AVG) WATERFRONT ($/WFft) Riviera...

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 months--$1,609,029; average closed sale price tr...

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.  The three pending sales average $5,968/WFft, dis...

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 Symphony-$267,688 Waverly-$171,397 AVG $/LIVsqft La...