This year's sales represent $6.6 million in dollar volume, compared to $11 million in the first quarter of 2002 and $14.6 million in the first quarter of 2001, according to the report. The average price per unit of $40,000, however, is the same as last year, and greater than the $35,000 average price per units in the first quarter of 2001.
The city is being hammered not only by the slow economy, but also by the war in Iraq. A large number of apartment buildings in the Springs cater to the military. Many soldiers in the Springs recently have been deployed to the Middle East.
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