Hendricks Isle & Isle of Venice Market Analysis: Inclining/Stable

Year over year all CONDOS and TOWN HOMES Closed Sale Price Values INCLINED.  CONDOS Median Price inclined 54% to $1,306.800 from $851,000, Average Closed Sale Price inclined 61% to $1,350,789, and Average Closed Sale Price/LIVING inclined 39% to $486.86 from $350.14.  TOWN HOMES Median Price inclined 100% to $1,252,000 from $625,000, Average Closed Sale Price inclined 48% to $1,252,000, Average Closed Sale Price/LIVING inclined 35% to $366.59 from $272.45, and Average Closed Sale Price/LOT inclined 27% to $423.92 from $332.90.

Rio Vista Isles Market Analysis: Inclining/Unstable

Year over year Closed Sale Price Values INCLINED: Median Price slightly to $2,000,000 from $1,990,000; Average Price 72% to $3,704,538 from $2,148,085, Closed Sale Price/LOT (area) 28% to $233.49/SqFt from $182.55, Closed Sale Price/LIVING 60% to $905.04 from $564.33, and Closed Sale Price/WATER 14% to $28,521/WfFt from $25,046.

Las Olas Grand Market Analysis: Inclining/Stable

Year over year Closed Sale Price Values INCLINED: Median Price 7% to $975,000 from $912,500; Average Price 9% to $1,072,013 from $979,111, and Closed Sale Price/LIVING (area) 8% to $499.28/SqFt from $461.22.

Victoria Park North Market Analysis: Declining/Stable

While Median Price INCLINED 8%, YEAR OVER YEAR average Closed Sale Price DECLINED 6% to $576,955 from $614,660, Closed Sale Price/LOT (area) DECLINED 12% to $73.88/SqFt from $84.34, and Closed Sale Price/LIVING (area) INCLINED 4% to $360.10/SqFt from $345.17.

Las Olas Isles Market Analysis: Inclining/Unstable

While Median Price DECLINED 13%, YEAR OVER YEAR average Closed Sale Price INCLINED 1% to $1,996,875 from $1,967,500, Closed Sale Price/LOT (area) INCLINED 14% to $190.53/SqFt from $167.26, Closed Sale Price/LIVING (area) INCLINED 18% to $626.72/SqFt from $531.04, and Closed Sale Price/WATERFRONT (foot) INCLINED 13% to $20,350/WFFt from $18,023.

Seven Isles Market Analysis: Inclining/Stable

YEAR OVER YEAR Closed Sale Values all INCLINED: Median Price 3% to $1,950,000 from $1,900,000, Average Price 7% to $2,114,042 from $1,966,944, Closed Sale Price/LOT (area) 19% to $195.78/SqFt from $164.92, Closed Sale Price/LIVING (area) 5% to $619.51/SqFt from $588.36, and Closed Sale Price/WATERFRONT (foot) 12% to $23,054/WFFt from $20,513.

Victoria Park Town Homes Market Analysis: Inclining/Steady

YEAR OVER YEAR all Closed Sale Values INCLINED: Median Price 11% to $589,000 from $532,500, Average Price 14% to $590,689 from $516,179, and Closed Sale Price/LIVING (area) 15% to $255.75/SqFt from $221.94.

Victoria Park (South) Market Analysis: Steady/Inclining

YEAR OVER YEAR closed sale price values INCLINED: MEDIAN PRICE nine percent to $590,000 from $542,500, AVERAGE PRICE 22% to $693,900 from $568,030, Closed Sale Price/LOT (area) 22% to $96.38/SqFt from $79.19, and Closed Sale Price/LIVING (area) 12% to $366.00/SqFt from $327.67.

Nurmi Isles Market Analysis: Accelerating/Inclining

While YEAR OVER YEAR Median Price DECLINED one percent from $2,400,000 to $2,375,000,  Closed Sale Price Values INCLINED by Average PRICE 7% to $2,808,523 from $2,631,679, by Closed Sale Price/LOT (area) 7% to $225.18/SqFt from $211.02, by Closed Sale Price/LIVING (area) 32% to $624.41/SqFt from $474.64, and by WATER (front) 13% to $24,364/LF from $21,546.

Citrus Isles Market Analysis: Accelerating/Inclining

YEAR OVER YEAR Closed Sale Price values INCLINED by Median Price 20% to $545,000 from $452,500, by Average PRICE 2% to $577,638 from $563,900, by Closed Sale Price/LOT (area) 25% to $77.23 from $62.02, by Closed Sale Price/LIVING (area) 8% to $343.31 from $316.90, and by WATER (front) 52% to $7,654 from $5,044.

Watergarden Market Analysis: Decelerating/Declining

While YEAR OVER YEAR Closed Sale Price values DECLINED by Median Price 34% to $350,000 from $530,000, and by Average PRICE 16% to $435,550 from $521,081, Closed Sale Price/LIVING INCLINED 2.5% TO $439.80 from $429.01, because eight of the 15 closed sales were one-bedroom Sungarden models (820 sqft).

River House Las Olas Market Analysis: Decelerating/Declining

YEAR OVER YEAR Closed Sale Price values DECLINED by Median Price 2% to $786,000 from $800,000, by Average PRICE 18% to $771,457 from $941,321, and by LIVING (area) slightly $477.57 from $477.85.

Rio Vista Isles Market Analysis: Accelerating/Inclining/Unstable

YEAR OVER YEAR Closed Sale Price values INCLINED by Average PRICE 22% to $2,815,840 from $2,303,000, by LOT (area) 42% to $207.15 from $187.39, and by LIVING (area) 42% to $725.60 from $509.30, while Median Price DECLINED to $1,665,900 from $2,175,000 and Average Closed Sale Price/WATER (front feet) slightly DECLINED to $26,389 from $26,589.

Riviera Isles Market Analysis: Scant/Declining/Unstable

YEAR OVER YEAR Closed Sale Price values DECLINED—by Median Price 44% to $1,500,000 from $2,675,000, by Average PRICE 57% to $1,830,000 from $4,292,000, and by LIVING (area) 30% to $579.27 from $829.56, and INCLINED by LOT (area) 12% to $246.29 from $220.79, and by WATER (front feet) 33% to $28,299 from $21,248.

Las Olas Grand Market Analysis: Inclining/Stable

YEAR OVER YEAR Closed Sale Price values INCLINED—by Median Price 8% to $945,750 from $878,750, by Average PRICE 25% to $1,076,224 from $861,837, and by LIVING (area) 8% to $483.12 from $448.64.

Hendricks Isle & Isle of Venice Condos & Town Homes Market Analysis

CONDOS YEAR OVER YEAR Closed Sale Price values INCLINED—by Median Price 48% to $1,295,000 from $872,500, by Average PRICE 29% to $1,258,378 from $975,400, and LIVING (area) 15% to $452.83 from $393.01.

Rio Vista (Dry) Market Analysis: Inclining/Stable

YEAR OVER YEAR Closed Sale Price values INCLINED—by Median Price 17% to $845,000 from $725,000, by Average PRICE 24% to $952,023 from $767,076, LOT (area) 5% to $113.34 from $107.83, and LIVING (area) 12% to $337.32 from $338.08.

Victoria Park North Market Analysis

Year over year Closed Sale Price values INCLINED--Average Price 3% to $602,803 from $585,060 and Average LIVING 7% to $370.48 from $345.48 while Median Price DECLINED slightly to $477,500 from $480,000 and Average LOT 4% to $78.93 from $82.17--the first value declines since the June 2010 LOW ($14/LOT).

Victoria Park Town Homes Market Analysis: INCLINING and STABLE…

Year over year Closed Sale Price values INCLINED--Median Price 6% to $517,000 from $485,000, Average Price 7% to $543,908 from $504,609 and Closed Sale Price/LIVING (area) 5% to $237.69/SqFt from $224.80…

Seven Isles (Ft Lauderdale) Market Analysis

Year over year VALUES INCLINED (Median Price 3% to $1,850,000, Average Price 3% to $1,969,726 and Closed Sale Price/LIVING 12% to $616.76/SqFt), and VALUES DECLINED (Closed Sale Price/LOT 6% to $166.18/SqFt and Closed Sale Price/WATER 11% to $19,004/WfFt). http://www.coastcountiesrealty.com