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Waverly Las Olas Reached Bottom?

By
Real Estate Broker/Owner with Coast Counties Realty

October's two condo sales closed higher than September's historical low ($113.24/LIVsqft), barely ($142.23 and $116.45/LIVsqft).  Currently, seven sales are pending (average last list price, $146.28/LIVsqft).  There are 18 current listings-half with list prices less than the average closed sale price during the past 24 months.  During the past six months, 16 condos have been listed for sale and thirteen condos have sold.  The current average list price is $235,883 and the average closed sale price during the past six months is $165,454.  Discounts continue declining.  Get the details at...

http://www.coastcountiesrealty.com/Reports/W1.htm

 

Comments (1)

Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

Your area had a better month than us, we were slightly down from September. Let's hope we have hit bottom! We will see come the new year

Nov 22, 2010 07:01 AM