Madridman:

Thanks for your comments. It's hard to get a handle on real estate. I saw a house nearby for 475,000 euros 'sin reformar' and another for 415,000 'sin reformar'.

A friend who works in real estate, and is apparently successful, told me the price was good. We'll see. Javea is not cheap and not getting any cheaper. But on the other hand, it is a very nice place to live.

Thanks.