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
Monday, July 24, 2006
Prices aren't the only things dropping in Cocoa Beach. July is the month for juicy beach mangoes. The ones above came from a friend's tree a few blocks from my office.
MLS stats from Cocoa Beach and Cape Canaveral - July 25
Active condos for sale, all prices_________992
___condos over $500,000_______________211
Single family homes, all prices___________145
Condo inventory continues to slowly drop but I expect the numbers to creep up as the currently under-construction developments approach closing and more speculators list their units. Sales activity has been brisk this month in existing under-$400,000 condos, but, I'm still seeing the high-end units languish on the market without much interest. Speculators are feeling some pain in these luxury units.
For an interesting take on 100% mortgages, read Dan Green's recent post.
Thanks for all the emails and comments on the blog. I appreciate them all, even the occassional upturned nose from another realtor. As Elton John said, "Don't Shoot Me I'm Only the Piano Player". Keep those comments coming.
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