VICTORIA PARK TOWN HOMES: SUMMER 2010 REMAINS HISTORICAL LOW

By
Real Estate Broker/Owner with Coast Counties Realty

During the past seven months, each of the 20 Victoria Park town homes closed sold for a price well above last July's historical low of $62.79 (per living area square foot)-on average, by a factor of two higher ($159/LIVsqft), and by a factor of four below the historical high reached in March 2006 ($632).  The market for Victoria Park town homes strengthened from July through November, but December's six sales weakened (average $114/LIVsqft).  The eight pending sales average $160/LIVsqft; and of the 48 current listings ($210/LIVsqft), 16 or 33% are priced under market.  38 town homes have been listed during the past six months; average list prices/month dipped in September ($140/LIVsqft or $266,833), and increased through December ($159 or $372,467).  Get the details at Coast Counties Realty:   http://www.coastcountiesrealty.com/Reports/VPTH1.htm

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