Sapphire Condos Sold in January 2011

January of 2011 Sapphire Condo Sales 

In my post last month, I discussed the 92 Units that were purchased in Sapphire Condo in 2010. 

In the 2 Towers at Sapphire, North and South, there’s a total of 172 Units (86 Units in each Tower).  Property Tax Records indicate that, of the 172 Units, only 42 are currently Developer owned.   The first closed sale in Sapphire Condo took place on June 12, 2009.   All of the Units have been purchased by individual Buyers (there haven’t been any Bulk sales).   Information about Units purchased is obtained directly from Broward County’s Property Tax Records, so these are not pending sales that haven’t closed yet.

During the month of January, the following Units were purchased:

The lowest priced Units that are purchased continue to be those that have inferior views and/or are smallest in size, so prices vary, based on size of the Unit, preferable Water views without obstruction/position of the Unit as related to most desired and least desired views, and Floor location.

It should be noted that the majority of Buyers who have purchased in Sapphire were Cash Buyers and Sapphire is a very financially healthy Building.    Sapphire Condo is Fannie Mae approved, so purchases can be Financed through your choice of Lenders, however, in our current market, Cash sales account for approximately 80% of Condo Sales, so the large number of Cash Buyers at Sapphire Condo isn’t unusual.