Hendricks Isle and Isle of Venice Market Analysis

Average Closed Sale Condo PRICE trailing-24 months declined trailing-12 months 4.5% to $954.364, and Town Home PRICE declined 0.8% to $1,065,980.   During the same period, Condo Closed LIVING inclined 4.1% to $401 and Town Home LIVING declined 1.6% to $321.

Trailing-12 Condos 11 closed sale, and Town Homes five closed sale.

Annual Average RENT trailing-24 months inclined Trailing-12 months 2.6% to $53,308.  PRICE/RENT RATIO Trailing-12: Condos, 17.90; Town Homes, 20.00.

PENDING SALE Condos: 51 (new construction); Town Homes: 1 (existing).

MACRO TREND LINE: Condo Post-Low (Mar’10), $150-$400.  Town Home Post-Low (May’13), $300-$300.

MICRO DATA CONDOS, trailing-48 months (average): Rank PRICE, 45 ($1,178,400), Club ($1,140,000), Aria ($985,000), Landings ($917,553), Des Arts ($782,500), Meritage ($742,000), Terraces ($515,500).  Rank LIVING, Aria ($468), 45 ($415), Landings ($338), Club ($321), Meritage ($309), Terraces ($223), Des Arts ($217).  

MICRO DATA TOWN HOMES, trailing-48 months (average): Rank PRICE, Dock West ($1,065,085), Dock East ($1,025,000).  Rank LIVING, Dock East ($335), Dock West ($328).

Currently, 25 condos and five Town Homes are listed for sale.  BEST VALUE—CONDO Terraces, $365/LIVING.  BEST VALUE—TOWN HOMES La Maison $360/LIVING.