Riviera Isles (Fort Lauderdale, FL)
By Tim Jones
(Coast Counties Realty)
Comments 0
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 sale price of the past 24 months ($13,376).  Over the past 24 months on a closed PRICE, WATERFRONT, AND LOT AREA basis, Riviera Isle property value is increasing and on a LIVING AREA basis value is decreasing.  Get the details...http://www.coastcountiesrealty.com/Reports/RI1.htm
By Tim Jones
(Coast Counties Realty)
Comments 0
FLL Deal du Jour Riviera Waterfront 1938 Classic FLL $725,000...http://southfloridamls.com/Pub/EmailView.asp?r=1383492796&s=FLL&t=FLL  
By Tim Jones
(Coast Counties Realty)
Comments 0
The historical low made November 2009 ($4,781/WFft) was tested last December ($6,044/WFft), and the six sales since average $21,275 WFft-including two in March and April that closed above $30,000/WFft.  The two pending sales average $9,484/WFft, and of the eight properties for sale (average $27,535/WFft), only two are priced under market.  The average sale price of the last six months ($1,591,875) is 16 percent above the average of the last 24 months.  During the past six months, market activity has ramped up-nine new listings, eight closed sales, discounts (from last list price) have dwindled to about 10 percent, and new listing prices have increased 29 percent. Get the details... http://www.coastcountiesrealty.com/Reports/RI1.htm
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