Wednesday, June 04, 2008

Happy Summer

She thinks that happiness is a mat that sits on her doorway.
~Rob Thomas, "3 A.M."

Sorry for the lack of posts recently. I've been at the beautiful spot above about an hour and fifteen minutes southeast of Cocoa Beach for the last week. What an easy trip; park a short stroll from the front door of the Melbourne airport, check-in with no lines and board a small plane for the hour and fifteen minute flight to Marsh Harbor. Pick up the rental boat, cruise over to Elbow Cay and be relaxing on the deck overlooking the ocean in less than 3.5 hours total from walking out the door in Cocoa Beach.

Condo sales in May were brisk, beating April with 45 units closed. This is the first month this year that we have exceeded last year's sales for the same month. The big question now is where are we headed for the rest of 2008. As you can see from the chart above, the sales trends in 2008 have closely followed the action in 2007. Consider the chart below showing last year's action through year-end along with this year's sales so far. If you are a seller of a condominium it would be prudent to examine last year's trend and to re-evaluate your plan for selling your unit this year. Sales will likely continue to fall as we move through the summer. If you haven't had an offer so far, you're probably over-priced. Price your unit aggressively and you stand a good chance of selling. Forty five sellers did just that and sold their units last month.

MLS inventory June 4, 2008 Cocoa Beach & Cape Canaveral

Condos, all prices_____762
over $500,000________105 - 19 sold since New Year's Day
Single family homes___129
over $500,000_________45

Here's another shot from the Abacos; on a tiny deserted island overlooking the magnificent coral gardens of Fowl Cay between Man O' War and Scotland Cay. The snorkeling here is as good as it gets. This little island has a beautiful sandy beach on the west side and a rocky shore on the east.

There are some days when I think I'm going to die from an overdose of satisfaction.
~Salvador Dali