RIO VISTA SALES DEAR…

By
Real Estate Broker/Owner with Coast Counties Realty

Of the ten Rio Vista (dry) properties sold during the last six months, seven closed in March and April; one property closed sale in May and one in June.  New listings are dwindling; 27 properties were listed during the last six months-eight each in January and March.  Currently, eight properties are pending sale (five short sales) and 25 properties are listed for sale.  Based on closed sale prices during the last six months, six current listings are priced under the (market) average per living area ($/LIVsqft); 13 are priced under market per lot area ($/LOTsqft), and 12 are priced under market by closed sale price ($).  The historical market high was August 2005 ($600.51/LIVsqft and $105.56/LOTsqft).  The historical low was a foreclosure sold last October ($81.93/LIVsqft and $29.15/LOTsqft).  This low was tested in June-a foreclosure that sold for $205,000 ($32.80/LOTsqft) which in September 2002 sold for $345,000 and in August 1999 for $215,000. Get the details...  http://www.coastcountiesrealty.com/Reports/RV1.htm

Rio Vista, Fort Lauderdale

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