9/13/2006

Condo Prices Since 2005

A quick check on condominiums for zip codes 90803 and 90804 (which include the expensive shoreline areas) reveals the trend in number of sales is lower from 2005, but average (not median) price is significantly higher. From March 1 to September 1, 2005, there were, per the MLS, 216 closed escrows averaging $415,552; for the same period in 2006 there are 161 closed escrows averaging $445,535.

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