There were 3 condos sold on the East Shore in February this year compared to 2 sold February last year.  Total sales for the month were $1,055,000 this year vs. $587,000 in 2007.  We saw an increase in both the average and median prices.  The average price for sales in February increased from $293,500 to $351,666 and the median price increased from $293,500.  The bad news is that the average days on market for the three properties sold was 346!  This compares to only 91 days on market for the 2 sales last year. 

Year to date there have been a total of 5 condos sold compared to 4 last year.  Total sales

this year are $1,562,000 compared to $1,157,000 last year.  Once again, both the average and median prices are up.  The average price year to date is $312,400 compared to $289,250 last year and the median price is $327,000 compared to $293,500 last year.  The “days on market” statistic is still the biggest eye opener.  For all sales year to date the average number of days on market is 251 which compares to just 96 last year.