By the way, the number of active oceanfront condo listings at any given time has stayed at about the same level for 10 years – between 950 and 1200. I just checked and, as I am typing this, there are 977 active listings with 206 currently under contract.
Also, the number of closed sales for all condos (not just oceanfront) increased about 4.5%, from 5846 in 2018 to 6111 in 2019.
The next two graphs (below) show the average closed sale prices and the median closed sale prices for the same years.
The average closed sale price increased slightly, from $196,904 to $203,243, a change of 3.2%.
The median closed sale price also increased from $155,000 to $157,000, a change of 2%.