This week’s featured price adjustments in32963 include 1 condominium and 11 single-family homes located in Castaway Cove, Central Beach, North Beach, Orchid Island, Sebastian Inlet and Wabasso Beach. Of the 12 price adjustments, 10 were reductions and 2 were increases. The largest price reduction on a dollar and percentage basis (-$366,100) belongs to a 4 bed/3 bath home in Wabasso Beach, while a 3/2 oceanfront home near Sebastian Inlet saw the largest price increase ($245,000). Other single-family homes posting double-digit price drops are located in Seagrove, Castaway Cove, Orchid Island and North Beach. Of the 12 properties, the median price reduction was $85,000 or 9.8%.

This week’s active listing price adjustments include 5 condominiums and 6 single-family homes located in Castaway Cove, Central Beach, Old Orchid, Orchid Isle Estates, Riomar and 3 condominiums in The Moorings. Of the 11 price adjustments, 9 were reductions and 2 were increases. The largest price reduction on a dollar basis (-$601,000) was the 5 bed/6 bath private estate in Orchid Isle Estates, and a 2/2 Central Beach condominium saw the largest price increase ($20,000). The next largest price reductions were seen in Castaway Cove (-%500,000) and Martin Cove (-$400,000), while another Orchid Isle Estates home saw a $100,000 price reduction.

This week’s new listings include 8 condominiums and 2 single-family homes located in John’s Island, North Beach, Central Beach and Sea Oaks. In yesterday’s inFocus, we referenced the scarcity of available condominiums in the high-end segments (19 in the $1 million to $2 million segment and 9 in the $2 million and above segment), so the addition of 6 new condominiums priced above $950,000 gives a long-awaited boost to high-end inventory in32963.