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 - email@example.com
Wednesday, April 23, 2008
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
"As God is my witness, I thought turkeys could fly."
_________________Arthur "Big Guy" Carlson
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