Between the years 2007 to 2010, the prices of homes in Seacrest Beach dropped approximately thirty percent. However, the rate of decrease in average cost per square foot leveled out in 2011 and 2012. It is hopeful that the sales from early 2013 are a sign of a rising real estate market.
Of the eleven homes sold in Seacrest Beach in 2007, the average cost per square foot was $281. While the amount of homes sold in 2008 tripled, the average cost per square foot dropped nine percent to $256. The amount of homes sold in 2009 dropped to twenty-two, and the average cost per square foot dropped fourteen percent to $224. There were only two more sales in 2010 than in 2009, but even with the minimal increase in sales, the average cost per square foot dropped another five percent to $213.
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