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Las Olas Condos Sold in the 1st 6 months of 2010
Las Olas area Condos remain in high demand and I frequently work with them.  I gathered data about the Sales for the first 6 months of 2010 (January 1, 2010 - June 30, 2010) in Las Olas River House, Symphony, Nu River Landing, Waverly, Watergarden, Las Olas Grand, and 350 Las Olas Place and included it in the Table below.
 
The numbers clearly show that Market conditions vary significantly in various Buildings and I included some important notes below.
On average, around 10% of the Units in these Buildings are listed for sale and 10% IS NOT considered to be excessive.   When reviewing information about the number of active listings in a Building, you must consider the total number of Units in the Building as well.  I often hear things like: "Why are there so many listings in the Building?" or "I heard we shouldn't buy in Building X because everything is for Sale" when, in reality, the number of active listings is small in comparison to the total number of listings in the Building Of 110 Units purchased in the 7 Buildings, 83 are indicated to have been Cash purchases, as is typical in the current market.
There's a widespread misconception that ... more

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