HENDRICKS AND VENICE LOW HOLDS, SALES PICKING UP

By
Real Estate Broker/Owner with Coast Counties Realty

The March 2010 historical low continues to hold, and of the ten sales closed during the past six months five occurred in June (one in May and two each in April and March).  While March-May sales per LIVing Area averaged $213/LIVsqft, June's closed sale price increased to $253/LIVsqft.  March-May discounts (from last list price) averaged almost 18 percent, June's halved to nine percent.  Currently, four properties are pending sale (average $339/LIVsqft); and 14 properties are listed for sale (average $426/LIVsqft).  Based on closed sale price averages during the last six, 12 and 24-month periods, only one current listing is priced under-market (Boathouse, $221/LIVsqft).  Average new listing prices increased the last two months (May $302/LIVsqft, $1,003,457; June $336/LIVsqft, $1,375,000).

Get the details... http://www.coastcountiesrealty.com/Reports/HI1.htm

Fort Lauderdale Hendricks Isle/Isle of Venice

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