Tim Jones's (ccrfll) Blog

Esplanade and Essex 2/2s Sublime Views...http://southfloridamls.com/Pub/EmailView.asp?r=527295415&s=FLL&t=FLL

Victoria Park Town House $239,200 http://southfloridamls.com/Pub/EmailView.asp?r=872471833&s=FLL&t=FLL  

Beach Condo Foreclosure Sublime View $195,000... http://southfloridamls.com/Pub/EmailView.asp?r=128845904&s=FLL&t=FLL  

From the low two years ago (January 2009), the market for single family homes market in South Victoria Park has been amazingly stable; in each of the last 24, 12 and six-month periods the aggregate average closed sale price per living area is $250/LIVsqft.  Not so in North Victoria Park (north of...

While While the four sales in the past six months make the Hendricks/Venice condo market among East Ft Lauderdale's slowest, the seven pending sales do may not suggest quickening activity: only two of the 30 current listings are priced under market and moreover, the average closed sale price $249...

During the past seven months, each of the 20 Victoria Park town homes closed sold for a price well above last July's historical low of $62.79 (per living area square foot)-on average, by a factor of two higher ($159/LIVsqft), and by a factor of four below the historical high reached in March 2006...

During the past eighteen months, each of the 12 properties in Nurmi Isles sold above the June 2009 historical low of $9,205/Waterfront Foot ($782,400 closed sale price).  Not including the July 2009 sale ($59,375/WFft and $5,937,500 closed sale price), the remaining 11 sales averaged $17,433/WFft...

With the two closed sales last August and September, the bottom may have been reached in the Las Olas Isles.  From the five-year market top reached in February 2007 ($41,690/Waterfront Foot), property value on a waterfront foot basis ($/WFft) fell to $9,750 in August and $10,000 in September.  Oc...

A year after reaching its historical high ($710/sqft) in May 2008, Las Olas Beach Club property value declined more than 50% ($336/sqft).  Value reached another historical low 16 months later in September 2009 ($321), and with last August's low ($320) a bottom may have been reached.  While the mo...

During the past 20 months Las Olas Grand closed sale prices ranged between $300 and $400/square foot; however, with the sale in September at $222/square foot-the historical low-the bottom may have been reached at Fort Lauderdale's premier downtown condo. Both October's sales closed higher ($356 a...