Las Olas Grand Market Analysis: Year Over Year INCLINING VALUES

Las Olas Grand

Year over year MEDIAN Closed Sale Price INCLINED 7% to $950,000 from $885,000; AVERAGE Closed Sale Price INCLINED 2% to $1,008,100 from $991,765, and; INCLINED by LIVING (area) 6% to $469.07 from $442.64.

Average Days on Market DECLINED to 71 from 78; Average Discount (from last list price) DECLINED to 4.47% from 6.62%.

Sales closed UNDER AVERAGE VALUE (by PRICE and by LIVING) INCLINED to 67% (18 closed sales) from 56% (17 closed sales).

Closing frequency INCLINED to 18 closed sales from 17 (trailing-six months: 10 closed sales).

Trailing-six months VALUES (Median Price, Average Price, LIVING) all  INCLINED.

Year over year Annual RENT INCLINED 13% to $60,900 from $52,800, which DECLINED the Price/Rent Ratio to 16.55 from 18.78.

MACRO Trend Line Post Trough Low Closed Sale Price/LIVING (from LOW $222 Oct’10) INCLINED from $310to $490(last closed sale $547 Aug’15).

Micro Data RANK Value by closed sales trailing-36 months by MODEL by LIVING: Custom
$610, Ash South $526, Brad South $460, Brad North $427, Cham North $423, Cham South $417, Ash North $397, Riverhome $331.

Micro Data RANK Value by closed sales trailing-36 months by FLOOR by LIVING: High (Floors 18-Up) $476, Mid (Floors 8-17) $465, Low (Floors 1-7) $372.

Current Listings 5 UNDER AVERAGE VALUE closed sales trail-12: 50%.