Tim Jones

FT LAUD ISLES CLOSED SALES RANKING TRAIL 12
CLOSED SALES Las Olas-22, Seven-16, Nurmi-12, Citrus-10, Riviera-10, Rio Vista-9.
VALUE (AVG) PRICE Nurmi-$2,832,292, Riviera-$1,960,000, Seven-1,912,969, Las Olas-$1,796,256, Rio Vista-$1,502,156, Citrus-$335,350.
VALUE (AVG) WATERFRONT ($/WFft) Riviera-$23,113, Nurmi-$22,331, Rio Vista-$19,258, Seven-$19,118, Las Olas-$16,370, Citrus-$5,035.
VALUE (AVG) LIVING AREA ($/LIVsqft) Nurmi-$601.99, Seven-$428.49, Rio Vista-$415.20, Las Olas-$396.51, Riviera-$366.69, Citrus-$227.34.

FT LAUD ISLES LISTINGS RANKING CURRENT
PENDING SALES Citrus-3, Nurmi-2, Riviera-1, Seven-0, Las Olas-0, Rio Vista-0.
LISTINGS Seven-28, Las Olas-21, Nurmi-17, Citrus-14, Rio Vista-8, Riviera-6.
PRICE (AVG) Rio Vista-$4,411,688, Riviera-$4,098,333, Las Olas-$4,050,667, Seven-$3,722,000, Nurmi-$3,651,176, Citrus-$649,961, .
PRICE (AVG) WATERFRONT ($/WFft) Rio Vista-$40,289, Nurmi-$28,830, Riviera-$26,584, Seven-$26,185, Las Olas-$20,105, Citrus-$7,326.
PRICE (AVG) LIVING AREA ($/LIVsqft) Riviera-$911.15, Las Olas-$732.16, Nurmi-$688.66, Seven-$679.50, Rio Vista-$589.16, Citrus-$317.42.

Since the June 2009 low ($7,111/WFft), only four of the twenty waterfront properties sold below $10,000/WFft, and the 16 properties that sold above $10,000 average $21,456. Waterfront property is appreciating: average closed sale price trailing 24 months--$1,609,029; average closed sale price trailing six months--$1,903,300. Market activity remains slow; during the last six months five closed sales and six new listings—including three in November (average $44,788/WFft). No sales are pending and of the current eight properties listed for sale, only one is priced under the trailing 24-month closed sale price(moving) average.
Details... http://www.coastcountiesrealty.com/Reports/RVI1.htm

Of the 17 waterfront properties sold in the Citrus Isles since the January 2010 historical low ($2,867/WFft) only two properties have closed below $4,000/WFft; and the average of these 17 sales ($5,304/WFft) is 45% higher than the historical low. The three pending sales average $5,968/WFft, discounts continue to dwindle, and of the current 14 listings (average $7,326/WFft) only four properties are priced below the post-historical low-average. Now property value has a long way to go to get back to the historical high--$15,227/WFft) made in August 2008--but market activity has been fair during the past six months: 11 new listings, seven closings. Details at... http://www.coastcountiesrealty.com/Reports/CI1.htm

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

Since the August 2009 Historical Low ($169/LIVsqft), Closed Sale Prices per LIVing Area dipped below $200 only once (March 2010) and bounced off $200 six times. These 65 closed sales average $276/LIVsqft and $599,855. Recently however sales have slowed: 10 sales from June through September; one sale October and November. Currently, five condos are pending sale and of the 11 condos listed for sale, only one is priced below the trailing 24-month (moving) average Closed Sale Price/LIVing Area. Get the details... http://www.coastcountiesrealty.com/Reports/RH1.htm