CITRUS ISLES: NEW HIGH TIDE MARK

By
Real Estate Broker/Owner with Coast Counties Realty

Citrus Isles Fort Lauderdale

Avocado Isle’s May closed sale ($12,692/WFft) breached the previous historical high reached April 2006 on Mango Isle ($11,923/WFft).  The historical low, $2,867/WFft) was made January 2010 on Avocado Isle as well.  As in several other waterfront neighborhoods, the tide has turned in the Citrus Isles to a seller’s market from a buyer’s market.  The average of the nine closed sales of the trailing six-months ($6,766/WFft) is 15% higher than the 23 closed sales of the trailing 24 months ($5,753/WFft).  In fact, the average of May’s seven closed sales ($7,923/WFft) is 27% above the average of the trailing 24 months.  Details... http://www.coastcountiesrealty.com/Reports/CI1.htm

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