Friday, July 13, 2007

Stats, Deals and an Alpha Male

In Cocoa Beach and Cape Canaveral, sales of condos and homes held at a slow but steady pace halfway through July and prices continued their downward slide. Our inventory of MLS-listed properties is slightly smaller again this month but we are still at historically high levels. Here are a few representative sales since July 1st.

In Cocoa Beach a lakefront Harbor Isles 2 bedroom, 2 bath, 1248 sq.ft. unit sold for $175,000. This complex is 2 blocks from the ocean and is on the Banana River. A 3 bedroom 2 bath, 1462 sq.ft. home with 2-car garage and giant old oak trees on Cedar Ave., 4 blocks from the ocean sold for $250,000. In Cape Canaveral a direct ocean 3/2, 1616 sq.ft. unit at La Mer closed for $275,000. A 1 bedroom studio apartment at Surf n Sun in Cocoa Beach, one block from the ocean, closed last week for $77,000. These units sold for as much as $119,000 in 2005.

Our inventory numbers for Friday the 13th of July, 2007 are:

MLS-listed Properties in Cocoa Beach and Cape Canaveral

Condominiums, all prices______927
Single family homes, all prices__176

Condos over $500,000________151
Homes over $500,000_________75

I'll leave you with a picture of an alpha male brown anole sunning outside my window on July 4th. Notice the giant ridge (called a roach) on his back. These are only found on the males and are rarely this big. This guy is definitely king of his world.