Riviera Isles Market Analysis

Riviera Isles Market Analysis

CLOSED SALE VALUE trailing-12 months INCLINED by PRICE 40.5% to $3,826,667 from $2,276,002; by LOT 16.6% to $221.95 from $185.13; by LIVing 9.9% to $716.63 from $647.23, and; by WATER 22.0% to $21,660 from $16,886.

Closings frequency has slowed: 21 closings trailing-36; 14 closings trailing-24; six closings trailing-12, and two closings trailing-six. 

One property is pending sale (PRICE, $1,295,500, LOT $159.45, LIVing $689.10 and WATER $19,931).

MACRO Trend Line Post-Low (November 2012) by Closed Sale LOT: $110 to $210.

MICRO Data trailing-36: Closed Sales West-Face, 13; East-Face, 4; PRICE West-Face $1,523,310/East-Face $1,226,250; LOT West $145.87/East $163.50; LIVing West $477.95/East $590.32; WATER West $15,210/East $19,620; DOM West 157/East 103. 

MICRO Data trailing-36: Rank Dock-Face by PRICE, Point South, Corner North East, North, West, Corner North West, East.  Rank by LOT: CrNE, PtS, E, N, W, CrNW.  Rank by LIVing: PtS, CrNW, CrNE, E, N, W.  Rank by WATER: PtS, N, E, CrNE, W, CrNW.  Rank by DOM: N, CrNW, E, W, CrNE, PtS.

UNDERMARKET trailing-36: West-Face by PRICE 10/13, by LOT 9/13, by LIVing 10/13, by WATER 7/13 (total UNDER 40/65); East-Face by PRICE 4/4, by LOT 1/4, by LIVing 1/4, by WATER 0/4.

MICRO Trend Lines by Closed Sale LOT trailing-36: West-Face $145-$150; East-Face $120 -$245.

CURRENT INVENTORY, six listings; three West-Face, three East-Face.  BEST VALUE: 804 Solar East-Face PRICE $1,699,000 (undermarket), LOT $254.88, LIVing $425.39 (undermarket), WATER $32,057 (53WFFt), Price/Rent Ratio 27.40.