Since I've been kind of tracking single family home prices in AP the past 10
years I think this is the lowest inventory. Currently 54 single family homes
are in the MLS. At the same time prices given everything else seem to risen
again to new levels. I didn't look at what has actually sold the past year just
the current ask. So you have to look at ask vs sold. Either way west side and
east side.
So what's responsible...you can write a hundred articles and twist
it...hurricane sandy, cheap money, cheap houses given the proximity to the
ocean, a cool town, investor gambling, istar cleaning up, springwood
redevelopment causing westside prices to rise, new York prices too high,large
homes appear cheap relativeto neighbors,dedication of owners one by one to
rebuild and restore their community.
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