Oceanfront Data
Oceanfront data is the most
complete. There was sales activity in all quarters but two. Since
January 2000 prices have gained 117%. However sales over the past year
have begun to slow averaging ~5% in 2004 and ~10% in 2005 compared to
the ~35% gain in 2003. Cost per square foot has risen from ~$450 in
1Q00 to a tidy $988 today.
The two spikes in 3Q04 and
2Q05 represent the resale of the same triple unit.
Overall, a good mix of large
and small units changed hands. This is surprising since just 25% of
units in this group are the smaller size - the smallest ratio of all
categories.