Wednesday, October 21, 2015
Slow and Content
Inventory is slowly creeping back up in Cocoa Beach and Cape Canaveral, mainly because sales activity has slowed. There have been 44 new condo listings since October 1, with 7 of those already under contract and another 2 already closed. Eight of the remaining 35 are asking above $500,000 and two top the million dollar mark. Twenty eight units have closed in the same period leaving us with 197 actively for sale condos in Cocoa Beach and Cape Canaveral.
Single family home numbers are less as always but following the same trend; five closed in October and another six under contract. A total of 57 for sale with ten new listings in October.
Most agents I'm talking to are reporting slowed activity but we are still on track to clock the highest annual number of units sold in any year since 2005. Hopefully we'll get a fresh surge of new listings after the holidays. Fingers crossed. Temps have been pleasant in the 70s and low 80s for a couple of weeks and expected to continue in the same range. The ocean has been very rough for a week with hard onshore winds. Not good conditions for surfing or fishing. Protected lee shores in the rivers are still producing fish for those willing to make the windy run to find those protected spots. Five and a half weeks remain in the 2015 hurricane season. Nothing but a good run of surf for us here.
"Real G's move in silence like lasagna" _______Lil Wayne