SEVEN ISLES STILL SINKING

By
Real Estate Broker/Owner with Coast Counties Realty

Property value continues sinking in Seven Isles.  The August 2011 historical low ($6,974/WFft) was tested last March ($7,600/WFft) and again in May ($8,554/WFft).  The historical high ($66,667/WFft) was made in September 2007.  The average of the 14 closed sales during the trailing six-months (16,080/WFft) is 8% below the trailing 24-month average ($17,512).  In terms of closed price, the trailing six-month average ($1,781,333) is 12% below the trailing 24-month average ($2,027,968).  Of the four isle neighborhoods intersecting Las Olas Boulevard, only Nurmi Isle property value has turned up.  Currently in Seven Isles, no properties are pending sale and of the 21 listings only two are priced below the closed sale average/waterfront foot of the trailing 24 months.  Details at... http://www.coastcountiesrealty.com/Reports/SI1.htm

Seven Isles Fort Lauderdale

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Rainmaker
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Li Read
Sea to Sky Premier Properties (Salt Spring) - Salt Spring Island, BC
Caring expertise...knowledge for you!

Hmmm...a reminder that secondary home/recreational options are still lagging?

Jul 10, 2012 02:37 AM #1
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