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  • Olympus Cove 2nd quarter 2010 real estate sales

    Posted on July 7th, 2010 admin No comments

    A significant drop this quarter with 14 homes sold to give a median price of $374,000.  After two quarters of modest appreciation, this is disappointing news.  The peak value for this neighborhood was $635,000 in the third quarter of 2007.
    Olympus Cove sales 2007-2010 2nd qt
    Olympus Cove sales 1996-2010 2nd qt

    Using sales data from the previous six months gives an absorption rate of 4.5 homes per month and an inventory of 13.8 months.

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