Three of the seven waterfront properties sold during the past six months closed in August, and the average of the three ($4,858/WFft) is a 41% increase from the January 2010 historical low ($2,867/WFft).
The seven pending sales average $5,773/WFft, and of the current 15 listings (average $7,406/WFft), only three are priced under market (Citrus $4,997, Orange $5,053, Tangelo $4,431). While property value continues declining the slope has become shallower, indicating a bottom is near. Get the details at...
http://www.coastcountiesrealty.com/Reports/CI1.htm
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