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Vickie Arcuri, P.A., GRI, CLHMS, Realtor®

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3rd Quarter of 2010 Las Olas Condo Purchases

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How much are Las Olas Condos selling for and how many have been sold?

 Las Olas Grand Condo Unit 1106

Below is sales data for the 3rd Quarter of 2010 (July 1, 2010 – September 30, 2010) in Las Olas River House, Symphony, Nu River Landing, Waverly, Watergarden, Las Olas Grand, and 350 Las Olas Place.   Note: of the Condos, Waverly and 350 Las Olas Place are the only ones that are not Waterfront Buildings.  The others are Waterfront Buildings along the New River in Ft. Lauderdale.

During the 3rd Quarter of 2010, 40 Condos were purchased in a purchase price range of $109,000 (Waverly Condo) – $800,000 (Las Olas Grand Condo).  View additional details about the purchases in the Table below.

What’s Selling in Las Olas Condos?

3rd Quarter 2010 Sales Report
  Las Olas River House Las Olas Grand Watergarden Symphony Nu River Landing Waverly 350 Las Olas Place
Total Sold 7 2 3 7 14 5 2
Cash Sales 3 2 2 5 12 4 1
Sold Price Range $222,500 – $630,000 $631,000  – $800,000 $365,000 – $565,000 $185,000 – $390,000 $165,000 – $390,000 $109,000 – $175,500 $338,000 – $689,000
Avg. Purchase Price $455,643 — $460,000 $284,707 $245,555 $161,000 —
Short Sales Sold 3 0 0 2 7 2 1
Foreclosures Sold 0 0 0 2 4 3 0
Regular Sales (not Foreclosure or Short Sale) 4 2 3 3 3 0 1
Pending Sales 15 1 5 7 24 11 4
Pending Sales List Price Range $100,000 (Waverly) – $999,900 (Las Olas River House)
Active Listings 27 26 23 27 29 17 14
# of Units in the Building 287 213 315 338 407 304 163

Details about the $800,000 Cond0 that was purchased (pictured above):

  • Unit #1106 in Las Olas Grand, purchased for $800,000 on August 27, 2010
  • 3 Bedrooms and 3.5 Baths
  • 2,635 Square Feet of Living Area and 3,140 total Square Feet
  • River and Ocean views
  • Marble Floors
  • Located on the 11th Floor
  • $1,605 monthly Maintenance Fee

For comparison:  during the 1st and 2nd Quarters of 2010, 110 Units were purchased in the 7 Buildings above, with the lowest sale occurring in Waverly Condo for $110,000 and the highest sale in Las Olas River House for $3,000,000.  View the detailed 1st and 2nd Quarter report here.

Related Information:

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