We finished the month of June with 56 recorded condo sales in Cocoa Beach and Cape Canaveral and, according to the Cocoa Beach MLS, another 24 have closed so far in the month of July. Inventory for condos and single family homes has barely budged since my last post. The constant upward push in prices seems to have slowed. I'm not seeing a lot of new price records as was the case earlier this year. The upper $200s per square foot range seems to be the comfort level for good condition, medium sized direct ocean condos with a good view. Those cracking above $300 per foot are mainly newer or nicely remodeled units and usually furnished and with garages.
Those looking for a unit in an oceanfront building have a decent handful from which to choose at the moment. There are three one bedroom units asking less than $200,000 in oceanfront buildings this morning. If two bedrooms are a must but an ocean view is not, there are several possibilities directly on the beach under $300,000. For those who must have an open ocean view and at least two bedrooms, there are several offerings under $400,000 in older oceanfront buildings.
As always, if anyone has questions about properties or the Cocoa Beach and Cape Canaveral market, I am happy to try to help. Feel free to contact me.
It's been hot everywhere in the US according to the weather channel but the afternoon sea breeze has kept things comfortable in Cocoa Beach most days. Mornings, on the other hand, even the birds retreat to the shade.
The ocean has been calm and very fishable recently (see the top photo) but unfortunately the hungriest fish have been "no keep" American red snappers like the one pictured in my last post. Fishermen in the Gulf of Mexico are allowed to keep two fish per person at least 16" in length between June 11 and July 21 but those of us on the east coast have no open season. Judging from my last trip and the numbers being reported caught there is a healthy population off our coast.
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I'll stop wearing black when they make a darker color." _Fall Out Boy
