Galvestons beach condo sales for $12 million.
Galveston is the most expensive beach city in the U.S. and the only one in the nation that has not had an economic boom.
The median price of a condo sold in GalvestON is $10 million in the past year, according to a new report.
The average condo in the city is $2.5 million, the report shows.
Galostex, the luxury condominium company that owns Galvestone Beach, reported its highest year-over-year condo sales since 2003, according.
Its average price in the same period is $4.9 million.