To be more specific and accurate with the answer to your question I want to bring you some facts in numbers that definetely shows the results you need to see. First of all I want you to click on the link below to have access of the condos information that are available currently for sale in the Watergarden condominium in Fort Lauderdale.
(copy and paste the link above into your Internet browser, please)
For a total of 508 units in the building there are only 8 for sale at this time, so you can feel the taste of the inventory shrinkage. Noner of the 8 units are short sales nor foreclosures, which somehow determines the stability of the market in that building itself.
Just to give you an example, there is a unit in the Watergarden, the less expensive in price currently asking $278,000, a 2/2. That unit in 2009 had a percent change in value of -13.32% compared with the year before, then in 2010, the percent change was also negative but decreased to -4.82% compared to the value of 2009, and in 2011 the percent change went to 0.44% which is an indicator that properties values for that building are going up slightly.
If you are thinking to purchase a property in the Watergarden is just about the right momentum to secure a good price by putting an offer because the variable "X" is ascending on the the sinusoid curve of the mathematical function that defines the interpretation of the concept in question.
Call me if you really want to use my services for an offer contract and discuss all the terms regarding.
Very truly yours,
Prudential Florida Realty