Las Olas River House Condo| Las Olas Condos

Las Olas River House Condo Market Report

With contemporary design, fabulous Amenities, great Waterfront views (River, Intracoastal, Ocean, and City), beautiful Residences, and walking distance to Las Olas’ Shops and Restaurants, Las Olas River House continues to be one of downtown Ft. Lauderdale’s premier choices for luxury Condo living.

Residences Purchased within the last 6 months

Within the last 6 months (July – December of 2010), 18 Las Olas River House Condos were purchased. Their purchase price range was $222,500 – $880,000, with an average purchase price of $486,306.

The Condo that was purchased for $880,000 (Unit 4002) has 2,726 Square Feet of Living Area, 3 Bedrooms, 3.5 Baths, and is a Tower Suite Madison Model on the 40th Floor. Unit 4002 has a monthly Maintenance Fee of $1,683.

The Condo that was purchased for $222,500 has 880 Square Feet of Living Area, 1 Bedroom, 1 Bath, and is located on the 3rd Floor. Unit 308 has a monthly Maintenance Fee of $536.00.

Of the 18 Units that were purchased, 8 were non-distressed sales, 4 were Bank owned Foreclosures, and 6 were Short Sales.

Condos for Sale in Las Olas River House

Of the 287 total Residences in the Building, 26 are currently listed for sale, so Inventory is low. The price range of the 26 Units is $329,900 for a 2-Bedroom Bank Owned Foreclosure – $3,390,000 for a 5-Bedroom Penthouse. Of the 26 active listings, 4 are listed as Short Sales and 2 are listed as Bank Owned Foreclosures.

Pending Sales in Las Olas River House

Currently, 11 Condos in Las Olas River House are listed as being under pending contract for purchase (Buyers submitted Offers that were accepted for purchase of the Units and should be closing on the purchases shortly).