Tim Jones

FLL UNDERMARKET Historic Victoria Park Home w/Cottage $399,000...
http://southfloridamls.com/DotNet/Pub/EmailView.aspx?r=904924858&s=FLL&t=FLL
Victoria Park (South) Market Report...
http://www.coastcountiesrealty.com/Reports/VPSFS.htm

When property value is reduced to location, dividing Victoria Park at NE 6th Street seems natural; South orients to Downtown, Federal Highway and Las Olas; North orients to Holiday Park, Sunrise Boulevard and Galleria Mall. While the historical high values (for single family homes) in both the South ($748/LIVsqft) and the North ($718/LIVsqft) occurred in March 2006, the historical low occurred in the North (March 2010, $73/LIVsqft) a year earlier than the historical low in the South (March 2011, $101/LIVsqft). The 56 closed sales during the trailing 24 months in the South average $247/LIVsqft; in the North the average closed sale price of the 39 sales is $191/LIVsqft. The 24 current listings in the South average $314/LIVsqft, and in the North, the current 16 listings average $243/LIVsqft.

Get the details…
Victoria Park South: http://www.coastcountiesrealty.com/Reports/VPSFS.htm
Victoria Park North: http://www.coastcountiesrealty.com/Reports/VPSFN.htm

The March 2010 historical low continues to hold, and of the ten sales closed during the past six months five occurred in June (one in May and two each in April and March). While March-May sales per LIVing Area averaged $213/LIVsqft, June's closed sale price increased to $253/LIVsqft. March-May discounts (from last list price) averaged almost 18 percent, June's halved to nine percent. Currently, four properties are pending sale (average $339/LIVsqft); and 14 properties are listed for sale (average $426/LIVsqft). Based on closed sale price averages during the last six, 12 and 24-month periods, only one current listing is priced under-market (Boathouse, $221/LIVsqft). Average new listing prices increased the last two months (May $302/LIVsqft, $1,003,457; June $336/LIVsqft, $1,375,000).

Get the details... http://www.coastcountiesrealty.com/Reports/HI1.htm

Of the ten Rio Vista (dry) properties sold during the last six months, seven closed in March and April; one property closed sale in May and one in June. New listings are dwindling; 27 properties were listed during the last six months-eight each in January and March. Currently, eight properties are pending sale (five short sales) and 25 properties are listed for sale. Based on closed sale prices during the last six months, six current listings are priced under the (market) average per living area ($/LIVsqft); 13 are priced under market per lot area ($/LOTsqft), and 12 are priced under market by closed sale price ($). The historical market high was August 2005 ($600.51/LIVsqft and $105.56/LOTsqft). The historical low was a foreclosure sold last October ($81.93/LIVsqft and $29.15/LOTsqft). This low was tested in June-a foreclosure that sold for $205,000 ($32.80/LOTsqft) which in September 2002 sold for $345,000 and in August 1999 for $215,000. Get the details... http://www.coastcountiesrealty.com/Reports/RV1.htm

Seven Isles $700,000 http://southfloridamls.com/Pub/EmailView.asp?r=339509289&s=FLL&t=FLL

MARKET DATA http://www.coastcountiesrealty.com/Reports/SI1.htm