Tim Jones's (ccrfll) Blog

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Real Estate Broker/Owner - Coast Counties Realty
RECENT BLOG POSTS
Property value continues sinking in Seven Isles.  The August 2011 historical low ($6,974/WFft) was tested last March ($7,600/WFft) and again in May ($8,554/WFft).  The historical high ($66,667/WFft) was made in September 2007.  The average of the 14 closed sales during the trailing six-months (16...
07/10/2012
Avocado Isle’s May closed sale ($12,692/WFft) breached the previous historical high reached April 2006 on Mango Isle ($11,923/WFft).  The historical low, $2,867/WFft) was made January 2010 on Avocado Isle as well.  As in several other waterfront neighborhoods, the tide has turned in the Citrus I...
07/02/2012
During the harrowing 46-month descent from the January 2007 HIGH ($487/LIVsqft) to the November 2010 LOW ($88/LIVsqft), the INVENTORY of available condos listed for sale ranged between 30 and 50.  Now?  Five--none priced below the average of the trailing 24-month 54 closed sales ($134/LIVsqft).  ...
04/24/2012
The 183 town homes sold between the March 2006 HIGH and the July 2010 LOW average $217/LIVsqft; the 76 town homes sold between the LOW and last February average $157--a 28% decline in value.  The 13 town homes sold in the trailing three months average $165.  Only six of the 33 town homes currentl...
04/13/2012
While property value continues eroding, sales closed during the trailing three months suggest a recovery in Rio Vista is underway.  The average of the trailing 24 months' 52 closed sales--$271/LIVsqft is 9% below the average of the trailing three months' eight sales--$296/LIVsqft; and the average...
04/10/2012
FT LAUD ISLES CLOSED SALES RANKING TRAIL 12CLOSED 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...
01/27/2012
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 tr...
01/17/2012
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, dis...
01/12/2012
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 La...
01/10/2012
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; on...
12/15/2011
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