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Market Report for Le Club from Joann Edwards
Market Report for Le Club from Joann Edwards

 
Thursday, March 22, 2012
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It is with great pleasure that I report that sales are up and the inventory in Fort Lauderdale is shrinking. As I reported previously, pending sales are on the up tick and, within my business, my listings are going under contract often in under 20 days. Given the gains in the job market, record low mortgage rates, and buyer tax incentives, I quite literally cannot keep listings on the market. This week, I would like to share the market report for the incredible building Le Club International.

Le Club International is one of the premier condominiums in Fort Lauderdale esteemed for its exclusivity, boating facilities, Atlantic and Intracoastal views, and unbelievable location. The beaches, oceanfront dining, and world class shopping are all in close proximity to Le Club International. Amenities at Le Club are among the best in Fort Lauderdale, incredible lush landscaping, grand lobby with cascading waterfalls and exotic marble flooring, 24 concierge and security, dual resident parking spaces, boat slips, housing yachts up to 150 feet long, and exclusive owner activated private elevator leading to a double door entrance to a formal foyer. The fourth floor at Le Club features an expansive waterfront pool deck with three separate Sun Plazas, an oversized lap pool, elevated whirlpool spa, gazebo and has trellised seating area, fully appointed private poolside cabanas, state of the art exercise room with separate men’s and women’s facilities, plush party room (The Blue Room) overlooking the Intracoastal Waterway and private marina, featuring full kitchen and catering bar. This architectural masterpiece has 64 residential units and 6 different floorplans to choose from. Residence features include, floor to ceiling glass windows, open European Snaidero Kitchen with Kitchen Aid “Architect Series” stainless steel appliances, his and her bathroom suites with Jacuzzi tubs, marble vanities, and seamless glass walk in showers. These residences truly are sky homes that accommodate the most discriminating tastes.

Currently, Le Club International has 10 listings available on the market with 3 pending sales in the last 2 weeks, one of which is a private sale not listed on the MLS. The starting price point is $695,000 and goes upwards of $1.8 million. The current average price per square foot is $454 and the average list price is $1,173,800. The higher priced listings often include boat slips, so be sure to inquire whether the listing contains a boat slip. There were 7 closed sales in 2011 ranging in price from $650,000 to $909,000, which shows that the prices in Le Club are increasing due to the recovering real estate market and the shrinking inventory in the building. It is a wonderful time to list at Le Club given the real estate climate in Fort Lauderdale, as well as in this building. If you are thinking of selling or are interested in purchasing, please contact me directly!

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