Tim Jones's (ccrfll) Blog

    August’s five closed sales averaged $203/LIVsqft, October’s five $240—no jive, that’s 15% appreciation.  One of these five, Condo 1118-N sold for $279 (October), sold for $269 in September 2010, and sold for $431 in July 2006—that’s a 35% depreciation.  Currently, the two pending sales averag...

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 avera...

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/...

With no closed sales in October and the average of the three pending sales 23% and 40% below the trailing 24-month LIVing and LOT Area Closed Sale Price averages, property value continues to erode in Rio Vista (Dry), Fort Lauderdale’s first subdivision.  The current 28 properties listed for sale ...

Since the breathtaking 72% plunge from the December 2007 historical high ($656/LIVsqft) through June 2008, property value has settled mainly in a range between $200-$300/LIVsqft.  The average value of the 37 closings during the past 24 is $240/LIVsqft; the average of the 15 closings during the pa...

While closings dwindled during the past five months (June 7, July 6, August 5, September 2, October 0), closed sale prices declined from June ($157/LIVsqft) to September ($110), and one of September’s two closed sales ($80) tested the six-year low of $63 made July 2010.  Closed sale prices have d...

FT LAUD RANK NEIGHBORHOOD SALES TRAIL 24 MONTHS...CLOSED SALES:  Vic Park TH 97, Vic Park SFH (South) 52, Rio Vista SFH (Dry) 51, Vic Park SFH (North) 41, Hendricks/Venice C/TH 37.PRICE (AVG): Hendricks/Venice C/TH $698,652, Rio Vista SFH (Dry) $589,635, Vic Park SFH (South) $433,576, Vic Park TH...

  PENDING SALES: Vic Park TH 7, Vic Park SFH (South) 5, Rio Vista SFH (Dry) 3, Vic Park SFH (North) 3, Hendricks/Venice C/TH 3.INVENTORY:  Vic Park TH 42, Rio Vista SFH (Dry) 28, Vic Park SFH (South) 23, Hendricks/Venice C/TH 14, Vic Park SFH (North) 10.PRICE (AVG):  Hendricks/Venice C/TH $1,246,...

With only four closed sales in October, Rio Vista, Victoria Park and Hendricks Isle/Isle of Venice drifted into the Doldrums.  The Doldrums, a dreadful low-pressure area when trade winds vanish--sometimes for weeks--leads either to balmy breezes, or to squalls, thunderstorms or even hurricanes.  ...

FLL Waterfront Isles Rank Closed Sales Last 24 Months... Sales:  Seven 28, Las Olas 25, Riviera 20, Nurmi 19, Citrus 19, Rio Vista 15.Price: Nurmi $2,496,711, Las Olas $2,097,453, Seven $1,822,550, Rio Vista $1,564,003, Riviera $1,331,600, Citrus $371,426.$/WFft: Nurmi $19,999, Seven $17,918, Rio...