It's the peak of the “real” hurricane season, and so far we have
been incredibly lucky. It is also the end of high season, and time to look over
how condo sales have been during the year so far as compared to last year, this
time. Amazingly, as of mid-September of both years, 23 condo units had sold
across the resort. Here's the breakout:
These numbers are a mix of all types and sizes, but the lion's
share of these sales are 2-bedroom units.
While the number of sales has remained flat overall, the 2-bedroom
unit still remains the dominant seller. Given that, it appears that the
"array" of units sold is relatively consistent from 2011 to 2012. In
general, we find a mild, general increase in the price per square foot across
the resort in general. The price per square foot is the "lowest common
denominator" metric for evaluating value in the market. Below are the average
sales price per square foot for the entire resort, as well as by each HOA:
We see mild decreases in two of the four HOA's, an increase in
another, and new data in the fourth (Palms.)
The most recent past shows prices trending upward, with Mandoki
Realty having bro-kered the highest-priced sales in all four HOA's -- three of
those closing this summer. If you are interested in getting the best price for
your Plantation condo, you've no better choice than Mandoki Realty.
