WAVERLY LAS OLAS: IT’S THE INVENTORY…

By
Real Estate Broker/Owner with Coast Counties Realty

During the harrowing 46-month descent from the January 2007 HIGH ($487/LIVsqft) to the November 2010 LOW ($88/LIVsqft), the INVENTORY of available condos listed for sale ranged between 30 and 50.  Now?  Five--none priced below the average of the trailing 24-month 54 closed sales ($134/LIVsqft).  In fact, the four February and March closed sales as well as the 13 pending sales average $147/LIVsqft.  With steady demand and dwinding supply, value rises, and regarding price: the 54 trailing 24 month closed sales average $173,767; the 8 trailing six-month closed sales average $214,988--that's a 32% rise in value.  Get the details... http://www.coastcountiesrealty.com/Reports/W1.htm


Waverly Las Olas Fort Lauderdale Florida

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