There has been little change this month. There are 42 apartments for sale across all types and just one sale has closed this month. That was for an Abacos property which was advertised for sale at $164950 and sold for $152000.

The cheapest apartment is now $135000 and that is a San Salvador type.

As you might expect at this time of year the market is sluggish and still being effected by confidence issues caused by the collapse of the sub prime market and dropping market values. Inventory in the area is high and there is plenty to chose from. You could say that this is an excellent time to buy if you have the cash available as some good property can be picked up cheaply. As long as you can keep that property for some time then history suggests that in the long run you will make a profit on it.

Look out for next months report.

Phil Salmon A.C.I.B.

Realtor,

Pegasus Group International, Inc.

PO Box 781941,

Orlando, Florida, 32878 - 1941.

1 407 931 3441.