High Rise and Other Condos

Development	Number of Units	Owner Occupied	Not Owner Occupied	Developer Owned	REOs		Units for Sale	Average Price per SF	Median Price per SF	Units Sold Since 6/1	Average Price per SF	Median Price per SF
Panorama	989	459	189	341	32		62	273	243	21	239	207
Trump	1283	2	304	977	0		23	1014	1119	0	0	0
Turnberry Towers	636	280	53	303	6		22	366	322	0	0	0
Turnberry Place	773	227	546	0	20		30	522	342	18	241	203
Signature	1727	32	1606	89	70		161	437	317	88	310	308
Allure	428	18	216	194	5		27	267	270	3	176	65
Boca Raton	378	156	19	203	22		30	162	147	2	129	129
Palms Place	599	1	390	208	0		21	847	812	0	0	0
Metropolis	71	17	54	0	2		6	192	177	3	141	136
Sky Las Vegas	409	126	203	80	13		24	347	288	10	245	249
One Queensridge	219	49	87	83	1		19	533	532	2	442	442
Newport Lofts	168	14	154	0	17		31	125	123	4	125	121
Juhl	328	4	31	293	0		0	125	123	0	0	0
Streamline	275	3	24	248	0		1	133	133	0	0	0
Soho Lofts	121	24	97	0	16		9	127	108	17	111	114
Park Avenue Condo	645	87	558	0	22		39	103	94	32	91	93
Manhattan Condo	700	150	539	11	25		71	119	108	61	106	106
Meridian	681	44	619	18	67		46	112	110	123	106	105

 

Messages

Well there appears to be at least some patterns developing...

Price lines appears set for Panorama, Turnberry Place, Signature, Sky, Metropolis, Soho Lofts and the most of the mid rise condos. They are certainly not going to make any present owners happy but at least they are known.

Trump, Turnberry Towers and Palms Place remain in denial with list prices above any likely sale price.

It would appear that pricing above $500 per square foot is tough. One QueensRidge appears to be able to get above $400 but a small sample.

Can City Center get $800? Not very likely. We will see by spring.

We will add the City Center Units as soon as they actually enter commerce. Want to see some others? Drop us a note. This is pretty well automated so it is easy to add more.