WATERGARGEN WATERSHED

While last January’s historical low ($222/LIVsqft) continues to hold, the average sale price of the 10 closed sales during the past six months (318/LIVsqft) show the decline in Watergarden condo values easing to (a) bottom.  The average sale price of the 44 closed sales during the past 24 months: $327 and of the 19 sales during the past 12 months: $319 is a decline of 45% from the October 2006 historical high ($585).  Since last April’s 16%, discounts (from last list price) dwindled to zero in July.  The five pending sales average $312/LIVsqft may presage further slight value decline; of the 15 current listings (average $353), five are priced below the average closed sale price of the past 24 months ($327).  Market activity during the past six months has been good: 17 new listings; 10 closed sales.  In every month since February average list prices per month have increased.  Get the details… http://www.coastcountiesrealty.com/Reports/WG1.htm