Las Olas Grand Condo
Real Estate Market Report
Las Olas Grand Condo offers Luxury Amenities, spacious Residences, and beautiful views of the New River, Ocean, Intracoastal, and/or City, in addition to walking distance to Las Olas Restaurants, Shops, and Nightlife.
Within the last 6 months, 6 Units were purchased in Las Olas Grand Condo. None of the Units were purchased as Short Sales or Bank Owned Foreclosures. Of the 6 Units that were purchased, 1 is a Villa and the others are Ashley and Bradford Model Condos. Below are additional details about the Units that were purchased.
|Purchase Price||Purchase Date||*Unit Number||Square Feet of Living Area||Bedrooms & Baths|
|$2,600,000||January 30, 2013||3501||4,265 – 2 Units combined||4 Bedrooms & 4.5 Baths|
|$1,400,000||December 21, 2012||3006||2,635||3 Bedrooms & 3.5 Baths|
|$1,075,000||January 15, 2013||2101||2,635||3 Bedrooms & 3.5 Baths|
|$1,095,000||October 1, 2012||Villa 3||3,345||3 Bedrooms & 3.5 Baths|
|$750,000||September 17, 2012||401||2,635||3 Bedrooms & 3.5 Baths|
|$1,000,000||August 9, 2012||1901||2,635||3 Bedrooms & 3.5 Baths|
*-With 4-digit Unit numbers above, the first 2 Digits indicate the Floor that the Unit is located on and, with 3-Digit Unit numbers, the first number indicates the Floor where the Unit is located.
Factors that affect purchase prices include views (North, South, East, or West Exposure, River, Ocean, City and/or Intracoastal), higher Floors vs. lower Floors (related to views), Square Feet, Furnishings, and the type and quality of interior Finishes (there are some Residences that are simply stunning so far as the types of Flooring, Lighting, custom Window Treatments, and other design elements and others that will most likely require upgrades or have very basic/lower quality Finishes).
Las Olas Grand Condos for Sale
Of 213 total Units in the Building, only 6 are currently listed for sale, so Inventory is very low, which is what we’re currently experiencing in South Florida’s Condo Market as a result of significantly increased sales. 10% is considered an average level of Inventory for a Condo Building, which in the case of Las Olas Grand would equal 21 Units on the Market for sale.
6 Units are currently under pending Contract for purchase and I will provide future Market updates when additional sales are completed.
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