Property value over the past two years on closed price/living area basis ($/LIVsqft) has leveled at Waverly Las Olas: $140/LIVsqft over the past 24 months (average of 61 sales); $137 over the past 12 months (25 sales), and; $134 over the past 6 months (13 sales). Value continues declining but slowly, and last November's sale at $88/LIVsqft may prove to have been the historical bottom. The historical top was reached in January 2007 ($487/LIVsqft). Conversely, average closed sale price has edged up: $171,796 over 24 months to $175,231 over the past six months. Currently, nine condos are pending sale and seven of the current 18 listings are priced under the two year average closed sale price ($140/LIVsqft). The rate of new listings has slowed over the past six months (9); the rate of sales has increased slightly (13). New listing prices have continued declining, both in terms of price and living area. Details at...
http://www.coastcountiesrealty.com/Reports/W1.htm
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