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Expand chart
Data: ATTOM; Chart: Thomas Oide/Axios

Despite the horrific condominium collapse in Surfside, Florida — which led us to worry that structural flaws in beachside buildings could be more pervasive than we know — prices continue to climb for oceanfront condos around the U.S., according to ATTOM, a property database company.

Driving the news: The national median condo value in 86 oceanfront counties was $305,000 in the second quarter of 2021, up from $236,000 in the same quarter last year, per data that ATTOM released Thursday.

  • Prices rose by at least 20% year-over-year in slightly more than half of the 86 oceanfront counties ATTOM included in its report.
  • "Less-expensive oceanfront condo markets, concentrated in the South, generally showed bigger year-over-year gains, while the most expensive counties, located mainly in the West, showed the smallest," ATTOM said.

Details: Four of the five highest median prices were in California — San Francisco County ($1,175,000); San Mateo County ($915,500); Kings County (Brooklyn, New York) ($876,250); Marin County ($723,000) and Santa Cruz County ($693,500).

  • The lowest median prices were in Atlantic County (Atlantic City), New Jersey ($124,000); Jefferson Parish, Louisiana (west of New Orleans) ($135,000); Citrus County, Florida (north of Tampa) ($145,000); Mobile County, Alabama ($148,000) and Onslow County (Jacksonville, Florida), North Carolina ($155,000).

Context: Given the national housing boom, it's entirely in keeping that prices should be ticking up for oceanfront condos. ATTOM reports that median single-family home and condo prices are rising annually by more than 15% across much of the U.S.

What's next: “We will keep an eye on this trend to see if it changes following the Florida incident,” says Todd Teta, chief product officer with ATTOM.

Go deeper

Election workers fired for allegedly shredding voter registration applications

Illustration: Sarah Grillo/Axios

Two Fulton election workers have been fired after they were accused of shredding hundreds of voter registration applications, which prompted Georgia’s secretary of state to call on the federal government to investigate the county's operations.

Why it matters: The latest saga out of Georgia’s most populous county comes months after the State Board of Elections appointed a panel to review the county’s elections process, the Atlanta Journal-Constitution reports.

Updated 10 mins ago - World

Reports: Up to 17 U.S. missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince earlier this month. Photo: Richard Pierrin/AFP via Getty Images

Children were among up to 17 American Christian missionaries and their relatives kidnapped by a gang in Haiti on Saturday, the New York Times first reported.

Details: The missionaries had just left an orphanage and were traveling by bus to the airport to "drop off some members" and were due to travel to another destination when the gang struck in Port-au-Prince, Haitian security officials said, per the NYT.

2 hours ago - World

Melbourne, "world's most locked-down city," to lift stay-at-home orders

Victorian Premier Daniel Andrews during a news conference in Melbourne, Australia, on Sunday. Photo: Quinn Rooney/Getty Images

Melbourne's stay-at-home orders will end five days earlier than planned, officials in Australia's second-biggest city announced Sunday.

Why it matters: The capital of the state of Victoria has had six lockdowns totaling 262 days since March last year. That means Melbourne spent longer under lockdown than "any other city in the world" during the pandemic, Reuters notes.