Monday, July 25, 2005

Space Shuttle Set To Go

The shuttle is poised for a second try at launch tomorrow. It's been a while since we've seen a shuttle flight and Cocoa Beach is excited. Our real estate market is less than excited and seems to be in a slow simmer at the moment. Over half of all condo sales in the last 14 days were under $400,000. The upper range continues to languish and we're seeing properties in all price ranges sit longer than they did earlier this year. Summer is historically slower, so, I'm unwilling to call this anything but a seasonal slowdown.

An interesting footnote is the fact that no Portside Villas units have gone under contract in the last 14 days. That's with 26 units actively for sale on the MLS. Word is that the first 2 buildings will close in August or September.

MLS Stats for July 25, 2005

contracts last 14 days

condos over $500,000___ 3
condo under $500,000__ 32

homes over $500,000____ 2
homes under $500,000___ 4

active listings

condos all prices______420
condos over $500,000__ 126

homes all prices______ 59
homes over $500,000__ 36