RIO VISTA ISLES OFF THE LOW AND SLOW

By
Real Estate Broker/Owner with Coast Counties Realty

Since the June 2009 low ($7,111/WFft), only four of the twenty waterfront properties sold below $10,000/WFft, and the 16 properties that sold above $10,000 average $21,456.  Waterfront property is appreciating: average closed sale price trailing 24 months--$1,609,029; average closed sale price trailing six months--$1,903,300.  Market activity remains slow; during the last six months five closed sales and six new listings—including three in November (average $44,788/WFft).  No sales are pending and of the current eight properties listed for sale, only one is priced under the trailing 24-month closed sale price(moving) average.
Details... http://www.coastcountiesrealty.com/Reports/RVI1.htm
 Rio Vista Fort Lauderdale

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