For 2nd Qtr. (sales figures through July 31, 2011)

NOTE: We will be doing this on a quarterly basis from now on, the next report will be LATE FALL 2011.

Single Family Homes

Average Sales Price (Homes) for 2nd Qtr. 2011: $235,300

This is up 6.0% from the 2nd Qtr. 2010.

Average Sales Price for 2010: $226,135

Average Sales Price for Year to Date 2011: $223,843

This is nearly even with 2010.

Unit sales are up 3.9% over 2010.

Condos

Average Sales Price (Condos) for 2nd Qtr. 2011: $172,000

This is up 4.7% from the 2nd Qtr. 2010.

Average Sales Price for 2010: $153,044

Average Sales Price for Year to Date 2011: $162,932

This is up 6.0% from 2010.

Unit sales are up 12% over 2010.

Notes:

Homes: Still stable, still appreciating.

Condos: Now is the time to buy if you want choice in the beach condo market. You will probably pay a little bit more this year for a beach condo than if you wait until next summer, but when the market turns you won't have nearly as much to choose from. If you are looking for a true 2nd home, a luxury condo, or a vacation home that you plan to keep for a number of years, then this is the time to get everything you ever wanted. If it exists, it's probably on the market right now.