Saturday, February 07, 2009

What Goes Up ...

Notable price drops and new listings since February 1st from the Cape Canaveral and Cocoa Beach MLS.

Brand new, foreclosed, never lived in 2300+ sq.ft. canal home off Minutmen Cswy.

Two year old, 7 bedroom, 4.5 bath, 6300+ sq.ft. canal home with all the bells and whistles, Originally asking $1.3 million, dropped to

A 2 year old, 2300+ sq.ft., 4 bedroom, 2.5 bath townhome in Cape Canaveral that sold new for $450,000, offered this week as a short sale, suggested price; _______$199,500

Two year old, 3 bedroom, 3 bath, 2100+ sq.ft. river condo in south Cocoa Beach, sold new in 2007 for $549,900, now offered (not a short sale) for

A 3 bedroom, 2 bath Cape Canaveral townhome that sold new in 2006 for $255,000, now offered as a short sale, suggested price,
_______________________ $149,900

And crazy price drop of the month, the previously profiled 4300+ sq.ft. canal home that started at $1,199,000 last June posted it's 29th teensy price drop this month to bring it to a still-too-high $979,000.

There are plenty of others out there but I thought these would be interesting. As I've mentioned in recent posts, if you're not paying cash, be prepared to pony up more than you thought for a down payment. Talk to a lender now to find out what may be required of you for a mortgage, especially if it's a condo, AND, pray for warmer weather.

Well he who waits for the day's riches will be lost
In the whispering tide

Where the river flows

Tomorrow never knows

__________Bruce Springsteen