Seven Isles (Ft Lauderdale) Market Analysis

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

Current Inventory, 34 listings: Median Price $3,600,000; Average Price $4,274,382; LOT $339.51; LIVING $788.63, and; WATER $38,569.

Pending Sales, three: Median Price $2,000,000; Average Price $2,550,000; LOT $176.32; LIVING $562.54, and; WATER $23,112.

Closed sales trail-12 months Median Closed Sale Price is 93.9% of Average Closed Sale Price (trail-24-13 months Median/Average was 94.4%; trail-36-25 Median/Average was 76%.

Of the 17 closed sales trail-12 months, 53% of the Closed Sale Values (PRICE, LOT, LIVING and WATER) were UNDER the AVERAGEs (48% trail-24-13 months; 61% trail-36-25 months; 55% trail-48-37 months). 

Current Inventory UNDER AVERAGE (Trail-12 Closed Sale Price Values): 12%.

Year over year, Average Days on Market INCLINED to 165 days from 110 (current Inventory DOM: 306 days); Discount (from last list price) DECLINED to 10.33% from 10.50%; PRICE/RENT Ratio DECLINED to 18.12 from 24.12 (improving affordability); ANNUAL RENT INCLINED 38% to $108,720 from $79,067; Rentals/Month DECLINED to 0.42 from 0.75, and; Trend Line Post-Trough-LOW Closed Sale Price/LOT INCLINE $150/LOT (LOW $58/LOT Aug’11) to $200/LOT (last closed sale $355/LOT Oct’15).

MICRO CLOSED SALES DATA: Rank Closed Sale TRAIL-60 by LOT/Isle/Dock-Face: 1 Aqua NEPt $360.22/LOT; 2 Aqua N $295.80; 3 Seven SWPt $274.23; 4 Seven NEPt $262.59; 5 Seven W $218.99; 6 Pelican N $192.93; 7 Seven NWPt $190.69; 8 Aqua S $179.00; 9 Delmar N $178.99; 10 Barcelona S $172.09; 11 Sea Island S $168.69; 12 Aqua SEPt $164.33; 13 Castilla NEPt $163.95; 14 Sea Island N 162.67; 15 Castilla S $158.08; 16 Pelican S $136.07; 17 E Las Olas N $135.84; 18 DeSota N $131.89; 19 Castilla N $126.45; 20 Delmar S $$118.07; 21 Barcelona N $113.65.