While the 33 closed sales during the past 24 months as well as the 18 closed sales during the past 12 months average $335/LIVsqft, the average of the 12 sales during the past six months—$355—show six percent condo value appreciation. Although last September’s historical low ($222) is 71% off the November 2007 historical high ($762), the average of last April’s four closed sales (349) is a 56% appreciation from the low. Currently, the four pending sales average $337, and of the ten condos available (average $444), only three are under market: Condo 503/603 @ $315; Condo 2303 @ $320, and; Condo 2402 @ $325. During the past six months closed sales (12) exceed new listings (11). New listing prices from May ($437) have declined through June ($416) and July ($315). Details... http://www.coastcountiesrealty.com/Reports/LOG1.htm
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