About Fort Lauderdale's Downtown Fort Lauderdale

FT LAUD CONDOS CLOSED SALES RANK TRAIL 12
SALES Symphony-39 RiverHouse-30 Waverly-29 Watergarden-25 Las Olas Grand-18 Las Olas Beach Club-7
AVG PRICE Las Olas Beach Club-$1,294,286 Las Olas Grand-$792,722 RiverHouse-$549,785 Watergarden-$382,140 Symphony-$267,688 Waverly-$171,397
AVG $/LIVsqft Las Olas Beach Club-$424 Las Olas Grand-$345 Watergarden-$310 RiverHouse-$278 Symphony-$216 Waverly-$132
PENDING SALES Waverly-10 RiverHouse-5 Watergarden-3 Las Olas Grand-3 Las Olas Beach Club-3 Symphony-2

FT LAUD CONDO LISTINGS RANK CURRENT
LISTINGS Las Olas Beach Club-22 Las Olas Grand-15 Symphony-14 Watergarden-13 RiverHouse-11 Waverly-7
AVG PRICE Las Olas Beach Club-$1,648,095 Las Olas Grand-$1,080,727 RiverHouse-$1,001,627 Watergarden-$438,538 Symphony-$411,057 Waverly-$277,700
AVG $/LIVsqft Las Olas Beach Club-$563 Las Olas Grand-$448 RiverHouse-$419 Watergarden-$333 Symphony-$300 Waverly-$225
PRICED UNDER MARKET Las Olas Beach Club-15 Watergarden-9 Las Olas Grand-9 Symphony-3 Waverly-3 RiverHouse-2

In January 2010, Watergarden Condo 206 sold for $222/LIVsqft, and each of the 40 condos sold since has closed higher. Well higher—the average closed sale value of these forty condos ($321) is 31% higher than the historical low made now nearly two years ago. The historical high (Condo 3110-$564/LIVsqft) recorded in September 2005 is 61% above the low. Furthermore, the three pending sales average $355/LIVsqft, and the current 13 condos listed for sale average $333/LIVsqft. Details at... http://www.coastcountiesrealty.com/Reports/WG1.htm

While the decline (70%) from the November 2007 historical high ($762/LIVsqft)) was breathtaking, last September's bottom ($222) has held through March as the historical low. In fact, the average of the nine condos closed since the low ($344) is a 35% rebound. Average closed sale prices have been fairly flat during the past 24-month ($713,016), past 12-month ($705,278) and past six-month ($705,556) periods; however, the rebound is clear on a closed sale price/living area basis (past 24-month period $330, 12-month $323, and six-month $344). Market activity is fair; during the past six months, sellers have listed eight condos for sale and buyers have purchased 10 condos. Current listings number 18 (average list price/living area $389 and price $876,333). The three pending sales average $403/LIVsqft and $791,333 (last list price). During the past six months new listings have ranged between $700,000 and $900,000 and averaged about $400/LIVsqft. sqft.

Fort Lauderdale Downtown Condo Rankings TRAILING 24 MONTHS

Average Closed Price--Las Olas Grand $713,036, River House $618,150, Watergarden $407,965, Symphony $268,294, Waverly $169,894.

Average Closed Price/Living Area ($/LIVsqft)--Watergarden $331, Las Olas Grand $330, River House $273, Symphony $221, Waverly $139.

Closed Sales--River House 62, Waverly 59, Symphony 58, Watergarden 38, Las Olas Grand 28.

TRAILING 24 MONTHS

Average Closed Price--Las Olas Grand $713,036, River House $618,150, Watergarden $407,965, Symphony $268,294, Waverly $169,894.

Average Closed Price/Living Area ($/LIVsqft)--Watergarden $331, Las Olas Grand $330, River House $273, Symphony $221, Waverly $139.

Closed Sales--River House 62, Waverly 59, Symphony 58, Watergarden 38, Las Olas Grand 28.

TRAILING 6 MONTHS

Average Closed Price--Las Olas Grand $705,556, River House $525,211, Watergarden $376,929, Symphony $249,018, Waverly $172,829.

Average Closed Price/Living Area ($/LIVsqft)--Las Olas Grand $344, Watergarden $318, River House $277, Symphony $202, Waverly $135.

Closed Sales--River House 19, Symphony 18, Waverly 11, Las Olas Grand 9, Watergarden 7, Las Olas Beach Club 5.