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Local Real Estate Market Updates.

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Today’s condo market has seen a shift in the prices; many of the condos are priced where they were in 2004-2005. Many of the oceanfront condos that sold for $150,000 in 2005, are now selling for $150,000. The large increase in price from 2004-2006 has almost been wiped out with many oceanfront condos. What does this mean? Buyers can now make a smart investment and actually see some rental income comparable to the price.