IN DEPTH COMMUNITY PROFILES
FORT LAUDERDALE
Las Olas Isles
Waterfront Properties
Single Family Homes
2011
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
68
$1,963,524
$1,562,814
$432
61
$1,987,482
$1,552,000
$455
-10%
1%
-1%
5%
2012 Change
Non-Waterfront Properties
Single Family Homes
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
2011
5
$818,000
$725,000
$278
2012
7
$733,643
$685,000
$295
40%
-10%
-6%
6%
Change
Las Olas Isles are located directly off Las Olas Boulevard and include Coral Isles, Idlewyld, Riviera Isles, Navarro Isle, Nurmi Isles, Hendricks Isle, Isle of Venice, Isle of Capri, Coconut Isle, and Las Olas Seven Isles. Most waterfront homes offer dockage. Canal depth varies from 4-12 feet around the area. This exclusive community saw fewer waterfront homes sold in 2012 versus 2011. REO transactions represented less than 1% for waterfront homes sold in 2012, compared to 10% for 2011. Non-waterfront homes saw 2 more transactions last year compared to 2011, with slight dips in both average and median sales prices. It is interesting to note that no REO transactions were observed in non-waterfront homes in this community in both 2011 and 2012.
2500 Delmar Place, Fort Lauderdale Offered at $2,999,000
FORT LAUDERDALE
Harbor Beach Harbor Beach continues to be one of the most sought-after neighborhoods in Fort Lauderdale. Sales of waterfront homes was reduced by 21%, which could be attributed to a signifcant increase in both average and median sales prices, with median sales price jumping a whopping 73%. Price per square foot also saw a large jump in 2012 for waterfront homes. Non-waterfront homes surged in number of transactions with a significant increase versus 2011 and a moderate drop in average price per square foot.
2200 S Ocean Lane #2609/10, Fort Lauderdale Offered at $2,795,000 10
I TRENDS
Waterfront Properties
Single Family Homes
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
2011
19
$2,044,281
$1,412,500
$393
2012
15
$2,742,000
$2,450,000
$509
-21%
34%
73%
30%
Change
Non-Waterfront Properties
Single Family Homes
# of Transactions
Average Sales Price
Median Sales Price
Average $ / Sq Ft
2011
10
$619,336
$585,000
$282
2012
17
$647,735
$575,000
$243
70%
5%
-2%
-14%
Change
O N E S O T H E B Y S R E A L T Y. C O M