A few good deals crossed the wires this week.
1. A 2 bedroom, 2 bath townhome, 1279 sq.ft. with garage and deep-water boat slip, walking distance to the beach and downtown Cocoa Beach for $199,900. Lasted a mere 4 days on the market before contract.
2. Canal-front 3 bedroom, 2 bath single-family home, 1566 sq.ft., walking distance to the beach, sold for $405,000.
These deals continue to pop up but rarely last long when the prices are this attractive.
Condo inventory is starting to reduce as new projects cycle through closings with projects like Portside, Perlas, Puerto del Rio and Bayside contributing hundreds of units to the closing totals in Cape Canaveral. Expect the stats to show strong condo sales for the next few months as these projects close. Don't be deceived by the healthy-appearing numbers of sales as most of these were contracted a year or two ago. Current sales are still slow but activity has increased sharply from previous months. The stats from the county for all sales will show significantly higher numbers than mine which are for MLS-listed properties only.
MLS stats from Cocoa Beach and Cape Canaveral
Active condos for sale, all prices_________1038
___condos over $500,000______________234
Single family homes, all prices___________129
Closed condos in May 2006______________53
Closed single-family May_________________6
The launch of shuttle Discovery to the International Space Station is set for Saturday afternoon. This is the same spacecraft that delivered the Hubble telescope to it's orbit in 1990. Godspeed.
[edit-July 4th] Discovery is up and on her way. Pic from the beach a few minutes ago.
This is one insider's unpolished take on the current state of the Cocoa Beach and Cape Canaveral, Florida real estate market. I am a licensed agent and partner with Walker Bagwell Properties. My sometimes blunt opinions here are not welcomed by the real estate mainstream. Whatever. Hopefully my insights will allow you to make better decisions about your participation in this market.
Larry Walker - 321.917.5786 - firstname.lastname@example.org
Tuesday, June 27, 2006
Saturday, June 10, 2006
I snapped the photo above of Harbor Isles in south Cocoa Beach from the river this past week as I cruised by. It's hard to believe that a 3 bedroom unit completely and tastefully remodeled in this complex is being offered for $240,000. This particular offering effectively renders all other non-direct river units in the complex dead in the water until it is sold. It is priced below 5 other smaller 2 bedroom units and all the other 3 bedroom active units in Harbor Isles and is $52,000 below what an identical floor plan sold for in March of this year.
How about the River Lakes complex next door in the photo below. A remodeled 2/2 unit in this building is being offered for $249,000. This compares to an identical floor plan that sold one year ago for $300,000. Not only can you get a $50,000 discount, but, boat slips are available for the asking, no charge.
Summer is here and life, as always, is good in Cocoa Beach. Email me with any thoughts, questions or observations about real estate, fishing or life in Cocoa Beach. I'll close with a Cocoa Beach sunflower.
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