Wednesday, April 23, 2008

Great Expectations

A few notable recent deals from the MLS;

The view over the islands above is from a top floor (4th), direct river, 1308 sq.ft. 2/2 Harbor Isles with private garage that was stolen for $210,000.

How about a new 3rd floor northeast corner at Michelina in north Cocoa Beach, 3/3 with 2184 sq.ft. This particular unit has been on and off the MLS for over 900 days and was re-listed most recently in February 2007 with an asking price of $1.25 million. Closed a few weeks ago for $598,500, less than half the asking price of just one year ago.

A 2/1 furnished Diplomat unit that had been on the market for 647 days starting at $229,500 asking price finally sold for $112,000, another 50% plus haircut.

A furnished 2/2 Cape Shores sold in just 24 days for $115,000 after being listed for $121,900. Price it right and it will sell quickly.

A 902 sq.ft., upgraded, 1/1 ground floor, direct ocean, fully furnished unit at Windward East sold for $155,000. Folks, that was a deal. Came with a garage.

MLS inventory April 23, 2008 Cocoa Beach & Cape Canaveral

Condominiums_______823 - 106 sold since New Year's Day
over $500,000________116 - 8 sold since New Year's Day
Single family homes____135
over $500,000________50

"As God is my witness, I thought turkeys could fly."
_________________Arthur "Big Guy" Carlson