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Moving In/Moving Out of your Apartment

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The Cove building has recorded 195 resales with 11 resulting in a loss ranging from -1% to -17%. A further three sales were resold at the initial purchase price. The resales have averaged 20% within the Cove. Two sales resulted in a capital gain of 71%. One apartment was purchased for $535,000 in August 2002 and resold for $915,000 in May 2010 whereas the other apartment was acquired in 2003 for close to $6 million and resold in 2006. A further ten resales ensured a 50% to 70% capital gain and another 24 sales resulted in a 30% to 50% gain