tag:blogger.com,1999:blog-11537840.post2902408753540139109..comments2023-11-04T03:10:29.707-04:00Comments on Larry's Take on the Cocoa Beach Real Estate Market: Inventory dynamicsLarry Walkerhttp://www.blogger.com/profile/01527381774923548480noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-11537840.post-40884618609336009992011-03-11T15:48:30.893-05:002011-03-11T15:48:30.893-05:00We have rented both in Cocoa Beach and Cape Canave...We have rented both in Cocoa Beach and Cape Canaveral. I have found plenty to choose from--only problem is the owners think this is 2006 and want rents that do not reflect the times. This is the first year in many that we decided to stay put in New York. Price wise we did the correct thing. Weather wise--we messed up. Today with the high winds it is 10 degrees out and snowing. I guess we should have paid the ransom.Snowmannoreply@blogger.comtag:blogger.com,1999:blog-11537840.post-86076914297696126662011-03-11T14:25:15.907-05:002011-03-11T14:25:15.907-05:00Rentals. Add Cape Canaveral & you get 58 just ...Rentals. Add Cape Canaveral & you get 58 just on MLS. Add Craiglist & road signs, it’s likely near 100.<br /><br />Though I understand you are talking for sale inventory (a lot of these also for sale) occupancy rate IS an important market indicator - especially for the investor-buyer.<br />-Local AppraiserAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11537840.post-51523753314575949102011-03-11T10:58:21.709-05:002011-03-11T10:58:21.709-05:00Number of MLS rentals for $700 or less in Cocoa Be...Number of MLS rentals for $700 or less in Cocoa Beach this morning, 14 total. <br /><br />To clarify, the additional inventory I would welcome is "for sale" inventory. Pickings are slim for prospective purchasers right now. The current MLS inventory of condos and homes resembles a dish of mixed nuts at the end of the party, most of the tastier cashews and pecans having been picked out leaving mainly broken peanuts. The hostess needs to refill the bowl.Larry Walkerhttps://www.blogger.com/profile/01527381774923548480noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-33841574272787075042011-03-11T08:42:22.618-05:002011-03-11T08:42:22.618-05:00Lets add a #5---In June the gov. will stop buying ...Lets add a #5---In June the gov. will stop buying back Treasuries---Whoa mommaaaaaaaaaa the house of cards will crumble like the roads in New York. Chickens come home to roost rings a bell.Snowmannoreply@blogger.comtag:blogger.com,1999:blog-11537840.post-51466356191805421482011-03-10T17:41:31.992-05:002011-03-10T17:41:31.992-05:00IMO, not a big deal in scheme of things.
1) Shado...IMO, not a big deal in scheme of things. <br />1) Shadow inventory; 2) Slow down in Foreclosures Filings and halt on repos due to robo-signing. These will eventually ramp back up; 3)Haven’t seen bulk of KSC lay-offs yet; 4)HUGE volume of available rentals in CoBch/Cape for under $700 that have sat for months = No Need for even more inventory in the condos & townhome segment.<br />-Local AppraiserAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-11537840.post-57828585335433733772011-03-10T12:33:39.779-05:002011-03-10T12:33:39.779-05:00A little clarification on my last post, the Canadi...A little clarification on my last post, the Canadian dollar had a nice bump last year from April through Aug 2010, prime time for tourism and real estate sales (this CAD bump correlates with the nice bump in the chart above). The CAD has declined since then, if the CAD remains low, while Brevard unemployment and gas prices remain high, I wouldn't expect the same bump this year for the same time period. Here is a CAD/USD chart I just pulled from the net:<br /><br />http://www.advfn.com/p.php?pid=qkchart&symbol=FX^USDCADBrevard Timeshttps://www.blogger.com/profile/14027988335297349065noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-68699872376142040232011-03-10T12:14:40.931-05:002011-03-10T12:14:40.931-05:00"..I wonder what Case/Shiller would have to s..."..I wonder what Case/Shiller would have to say about our tiny market and its correlation with or divergence from the national..." Easy explanation for the divergence. Bernanke's cheap dollar has increased Canadian tourism and real estate purchases for beachside second homes in Florida. Gotta love that exchange rate.Brevard Timeshttps://www.blogger.com/profile/14027988335297349065noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-39983347465902700602011-03-10T09:34:18.152-05:002011-03-10T09:34:18.152-05:00Your posts are very informative.Your posts are very informative.Brevard Timeshttps://www.blogger.com/profile/14027988335297349065noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-86185622049141039032011-03-07T07:59:03.257-05:002011-03-07T07:59:03.257-05:00As the saying goes---Big is not always better.As the saying goes---Big is not always better.Snowmannoreply@blogger.comtag:blogger.com,1999:blog-11537840.post-33157774076481344842011-03-06T10:43:46.576-05:002011-03-06T10:43:46.576-05:00I would welcome some new inventory. Foreclosures m...I would welcome some new inventory. Foreclosures make up only 3% of our current total residential inventory in Cocoa Beach and Cape Canaveral. I wonder what Case/Shiller would have to say about our tiny market and its correlation with or divergence from the national.Larry Walkerhttps://www.blogger.com/profile/01527381774923548480noreply@blogger.comtag:blogger.com,1999:blog-11537840.post-295302995927909282011-03-06T09:04:22.366-05:002011-03-06T09:04:22.366-05:00I'm sure your facts and figures are correct. Y...I'm sure your facts and figures are correct. You always seem to do a thorough study before your comments come to print. The only problem I have with the latest comments on supply and demand would be that a projected two and a half million properties are projected to go into foreclosure this year. That's up from the original projection of one and a half million units.(Case/Shiller) Realistically the price should reflect the oncoming glut of all price range property. Though I would agree that the pricier units will be hit hardest--The overall value will fall another 15-20% in all price ranges.Snowmannoreply@blogger.com