The median price of a condo during the same 3-month period was $328,000, a 4% increase over last year, when it was $315,000.
However, sales of single-family homes fell more than 28% and condos fell 21% during the December-February period, compared to last year.
Reflecting the mainland real estate market, with a high inventory of depressed properties and short sales, buyers now are looking for a "deal" and know there are plenty of properties to choose from in the lower price ranges.
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