SEVEN ISLES SOUNDINGS

The historical low made in January 2010 ($8,133/Waterfront Foot) was barely tested this January ($9,500/WFft), and the two March closed sales averaged $24,306/WFft. The average closed price per waterfront foot during the past six months ($19,291) is more than 11% higher than the 24-month average ($17,073). The 28 current listings average $29,132/WFft-with six properties priced under the 24-month average. Discounts (from last list price) waxed during the past 12 months to 29% last January, and waned since; the two March closings were each discounted 16%. The rate of new listings has increased since January: 13-average list price/WFft/month, $22,000-$32,000.

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