Property sales slowed considerably as we moved past Labor Day here in Cocoa Beach and Cape Canaveral. Condo sales slowed to less than half the pace of recent months and the over-$500,000 condo market ground to a halt with not a single unit closing in the month. The most notable sale of the month was this beautiful riverfront home in Cocoa Beach that sold for $1.92 million.
A new price reduction worth noting is this 7th floor 3/2 direct ocean Crescent Beach Club unit that was just dropped to $409,000.
Closed 2007 MLS sales in Cocoa Beach and Cape Canaveral
Condos
- Sept.______16___0 over $500,000
- August____34___3 over $500,000
- July______39___3 over $500,000
- June______40___6 over $500,000
- May______35___2 over $500,000
- April______43 __3 over $500,000
- March_____36__2 over $500,000
- February___42__5 over $500,000
- January____28__3 over $500,000
Single Family Homes
- Sept._____4
- August___9
- July_____8
- June_____5
- May_____5
- April_____4
- March____8
- February__6
- January___3
MLS For Sale Inventory - September 30, 2007
- Condominiums_______894 all prices
- ___________________132 over $500,000
- Single family homes___167 all prices
- ____________________72 over $500,000
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