Tim Jones's (ccrfll) Blog

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Real Estate Broker/Owner - Coast Counties Realty
RECENT BLOG POSTS
The average closed sale price per waterfront foot ($23,946) of the seven sales closed during the past six months is five times the the November 2009 historical low ($4,781/WFft).  Of the six properties currently available for sale ($33,145/WFft average) TWO are priced under the average closed sal...
09/22/2011
A new historical low ($6,974/WFft was made last month in Seven Isles with the sale of a foreclosed property on Sea Island Drive.  A factor of ten higher, the historical high ($66,667/WFft) was made in September 2007.  Prior to last month, the previous low ($8,133/WFft) was a short sale on Delmar ...
09/21/2011
Three of the seven waterfront properties sold during the past six months closed in August, and the average of the three ($4,858/WFft) is a 41% increase from the January 2010 historical low ($2,867/WFft).  The seven pending sales average $5,773/WFft, and of the current 15 listings (average $7,406/...
09/12/2011
The June 2009 historical low ($7,111/WFft) was tested in June 2010 ($9,232), November 2010 ($8,994), and most recently last June ($9,000).  However, absent these four sales, the remaining twelve closings since June 2009 average $20,298/WFft.  Market activity during the past twelve months is chara...
09/07/2011
CLOSINGS LAST 24 MONTHS: Waverly 66, Symphony 60, River House 59, Watergarden 44, Las Olas Grand 33, Las Olas Beach Club 26. CLOSINGS LAST 12 MONTHS: Symphony 34, Waverly 33, River House 33, Watergarden 19, Las Olas Grand 18, Las Olas Beach Club 12. CLOSINGS LAST 6 MONTHS: Symphony 17, Waverly 14...
08/23/2011
While the 33 closed sales during the past 24 months as well as the 18 closed sales during the past 12 months average $335/LIVsqft, the average of the 12 sales during the past six months—$355—show six percent condo value appreciation.  Although last September’s historical low ($222) is 71% off the...
08/22/2011
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During the past year, the 33 closed sales at Las Olas River House ranged between $207 and $336/LIVsqft and averaged $272/LIVsqft.  The historical high ($610/LIVsqft) occurred in April 2006; the low ($163) was made in August 2009.  Since May, discounts (from last list price) have dwindled to betwe...
08/18/2011
DO—last November’s historical low ($148/LIVsqft); RE—January’s closed sale ($259); MI—July’s closing ($304) shows Symphony Condo value scaling higher—a 52% FA SOL LA from the May 2006 historical high ($631).  While the average of the six pending sales ($204) predict a RE—not a DO—NONE of the 13 c...
08/16/2011
While last January’s historical low ($222/LIVsqft) continues to hold, the average sale price of the 10 closed sales during the past six months (318/LIVsqft) show the decline in Watergarden condo values easing to (a) bottom.  The average sale price of the 44 closed sales during the past 24 months:...
08/09/2011
What happens in the downtown condo market—highs, shorts, REOs, lows—happens first at The Waverly—the first and most populated of the five newer Fort Lauderdale downtown condos.  Since December 2009 values—on a Closed Price/Living Area basis ($/LIVsqft) have stayed right around $150/LIVsqft, and i...
08/03/2011
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