About Fort Lauderdale's Waverly At Las Olas

One year ago Condo 720 sold for $88/LIVsqft—the historical low; the 29 condos sold since averaged $132/LIVsqft. One of the 29 sales—Condo 720 (again) sold in December 2010 for $119/LIVsqft which proves these days one maymoney in real estate. The 18 sales closed during the past six months averaged $136/LIVsqft. Discounts have dwindled to zero; in August Condo 817 sold 18% higher than list price. Ten condos are pending sale and of the seven current listings only one is priced below the average closed sale price of the past 24 months. Details: http://www.coastcountiesrealty.com/Reports/W1.htm

What happens in the downtown condo market—highs, shorts, REOs, lows—happens first at The Waverly—the first and most populated of the five newer Fort Lauderdale downtown condos. Since December 2009 values—on a Closed Price/Living Area basis ($/LIVsqft) have stayed right around $150/LIVsqft, and inventory has ranged between 25 and 40 listings. NOW INVENTORY IS FIVE LISTINGS. That’s right, FIVE condos available for sale. If value is a function of supply and demand, prices will be increasing—probably soon after the 12 pending listings close. Note the average value of the 12 pending sales is $177,488 and the average of the five listings is $327,580—NONE under market. The historical high was January 2007 ($487/LIVsqft); the historical low was last November ($88/LIVsqft). Market activity is good; during the past six months 13 new listings and 15 closed sales. New list prices made a bottom last January and February ($115/LIVsqft) and are easing higher (May $140, June $126, July $257). Get the details…http://www.coastcountiesrealty.com/Reports/W1.htm Get

Property value over the past two years on closed price/living area basis ($/LIVsqft) has leveled at Waverly Las Olas: $140/LIVsqft over the past 24 months (average of 61 sales); $137 over the past 12 months (25 sales), and; $134 over the past 6 months (13 sales). Value continues declining but slowly, and last November's sale at $88/LIVsqft may prove to have been the historical bottom. The historical top was reached in January 2007 ($487/LIVsqft). Conversely, average closed sale price has edged up: $171,796 over 24 months to $175,231 over the past six months. Currently, nine condos are pending sale and seven of the current 18 listings are priced under the two year average closed sale price ($140/LIVsqft). The rate of new listings has slowed over the past six months (9); the rate of sales has increased slightly (13). New listing prices have continued declining, both in terms of price and living area. Details at...

http://www.coastcountiesrealty.com/Reports/W1.htm

1/1 Plus den/dining room with great pool view. Pergo floors throughout. FABULOUS DESIGNER DETAILS INCLUDING CUSTOM VENETIAN PLASTER WALLS Amenities include infinity pool and spa, state-of-the-art gym, 24 hour security, valet for guests, entertainment room with pool table, conference room, kitchen and bar, which opens to the pool.

SIB REALTY, LLC

305-588-8599 Irina Rogina

561-756-6962 Tatyana Permanova

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irinarogina@gmail.com

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Exterior Front	Swimming Pool/Hot Tub/Sauna
View: Your View Overlooking Pool Area	View
Kitchen	Living Room
Studio/Study/Office: Venetian Plaster Wall- Very Classy.	Master Bath/Spa
Living Room	Other: Front Entrance
Other: Lobby	Other: Social Room wit 2 Flat Screen TV and Pool Table. Can Reserve for Parties

110 n federal hwy (google map) (yahoo map)

Exquisite condo in major downtown urban locale.5 minute ride to the beach, walk to all Las oOas restaurants and clubs. Magnificent pool and spa, state of the art fitness center, wine bar, Billiards, 24 hr concierge service, and much more. Looking for a great long term tenant, no fears of foreclosure or short sale situations here, the price is negotiable. ready for immediate occupancy.

SIB REALTY, LLC

305-588-8599 Irina Rogina

561-756-6962 Tatyana Permanova

Rent With Us - Save With Us

---NO FEE SERVICE-----

irinarogina@gmail.com

See my Add's

Exterior Front	Other
Other	Other
Other