May 2010

April 2010 Market Report – Sales Surge Across the Boards

Based on new development condominium sales, all sales figures have gone up across the boards (except lower inventory!). Should be noted prices have stabilized for the most part. Most telling about this report is that many of last year’s sales were holdovers from pre-construction contracts signed before the market downturn. Today’s sales reflect a shorter contract period as inventory was built and contracts signed within the last few months.

Spring Upswing!

Spring selling season is in fill swing. Quarter over quarter, new development condominium sales have more than doubled. Average price per square foot remains strong at $1300/sf.

For more information or stats to help to with your search, feel free to reach me for the latest market report.

January / February Corcoran Market Snapshot