which was a really good sales price. Now a same unit with a garden view could very well go for much less.
But 1,1mm or 1.2mm sounds not real. I have not seen anything in the MLX or in any closed transactions.
There are currently 10% of all Ocean Club units available (80 units out of 801). That is not a higher number than in some recent Years,
Most of the units for sale are 3 bedrooms with an average of 2500 sq. ft. So there is quite a bit of competition among sellers. On the other hand, there are very few large 4 bedrooms or in general units of 3500 sq. ft./+
for sale. The last two 4 bedroom units in the Ocean Towers have sold in the last few month both for above 800/sq.ft.
The Ocean Club has 11 Bldgs. Purchase prices are many times based on recent sales in same Bldg. and compared w/similar views and similar sizes. Especially if the purchaser seeks financing, banks will look closely at the recent sales.
the most recent sales.
19 percent in January from a year earlier, the fastest drop on
record, as demand plummeted and foreclosures rose.
The S&P/Case-Shiller indexâ€™s decrease was more than
forecast and compares with an 18.6 percent decrease in December.
The gauge has fallen every month since January 2007, and year-
over-year records began in 2001.
A glut of unsold properties may keep prices low, shrinking
household wealth and damping spending. Still, sales of new and
previously-owned homes rose in February, indicating the housing
slump, now in its fourth year, may ease as policy efforts to
unclog credit and aid borrowers begin to take hold.