Real Estate Broker/Owner with Coast Counties Realty

The historical low made in January 2010 ($8,133/Waterfront Foot) was barely tested this January ($9,500/WFft), and the two March closed sales averaged $24,306/WFft.  The average closed price per waterfront foot during the past six months ($19,291) is more than 11% higher than the 24-month average ($17,073).  The 28 current listings average $29,132/WFft-with six properties priced under the 24-month average.  Discounts (from last list price) waxed during the past 12 months to 29% last January, and waned since; the two March closings were each discounted 16%.  The rate of new listings has increased since January: 13-average list price/WFft/month, $22,000-$32,000.

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Seven Isles Fort Lauderdale

Comments (1)

Equity Assets Real Estate Inc. - Jason Nenadov
Equity Assets Real Estate, Inc. - Jason Nenadov, REALTORĀ® - Fresno, CA
expert advice and services to buyers and sellers

I'm selling in the wrong market....those commissions must be nice...but few and far between.

May 16, 2011 04:43 AM