Since the breathtaking 72% plunge from the December 2007 historical high ($656/LIVsqft) through June 2008, property value has settled mainly in a range between $200-$300/LIVsqft. The average value of the 37 closings during the past 24 is $240/LIVsqft; the average of the 15 closings during the past 12 months is $234, and; the average of the 10 closings during the past six months is $247. The two properties sold in September averaged $198/LIVsqft. No property sold in October. Of the 11 properties currently for sale (average $496), only one is priced under the 24-month closed sales moving average ($240).
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