Price is right

Coldwell Banker real estate agent Lynne Koy, specializing on Longboat Key and waterfront properties, had a golden week in early June, when she had three closings that totaled $6 million in sales.

“This ranks right up there,” says Koy, who once also closed $12 million in deals in one week and posted $45 million in sales volume last year.

But the stellar week might not foretell a continuation in the housing market rebound. “I'm seeing a reduction in prices,” Koy tells Coffee Talk. “We aren't seeing the appreciation we saw in prices even a year ago.”