the rise in prices from their bottom in 2011 has been much more gradual and cautious than their rise to or fall from their peak in 2006, and with the biggest jump occurring this year.
they’re UP 7.5% from 2011, but still down 29% from 06.
But this year’s jump may be due to a normal seasonal jump. Because while this year is far from over, the bulk of our high end sales occur in the first half of the year, and high end sales sell for the highest $$/sf prices – pushing up the average in the first half.
And so as the year progresses and we have fewer high-end sales, the $$/sf number may, and probably will, drop. (the numbers for the previous years are for the full year).
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