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
Saturday, April 04, 2009
1st Quarter Wrap-up
A pumped-up, male northern curly tailed lizard in my parking lot, which is apparently the northern edge of their range in the United States.
The March numbers are in and there were a total of 27 MLS listed condos and 6 single-family homes closed in the month in Cocoa Beach and Cape Canaveral. The range of prices for the homes was $120,000 to $465,000 and four of the six were foreclosures.
Of the 27 condos sold, there were several that were notable.
Portside 1/1.5, 3 year-old for $70,000. Sold new 3 years ago for $149,900.
Four Seasons non-water 2nd floor 2/2 with garage sold for $133,500
River Lakes 2/2 with garage closed for $152,000
Four Seasons direct river 3rd floor 2/2 with garage, $172,500
Puerto del Rio, top floor 3/2, w/garage, $176,000
_____This unit sold new in 2007 for $355,000
Shorewood 2104 sq.ft. corner, no view closed for $195,000
Chateau side view, 3rd floor, 2/2 short sale $212,000
Emerald Seas 5th floor direct ocean 2/2 sold for $290,000
Stonewood beautiful 8th floor direct 2/2 sold furnished for $310,000
Almar 4th floor corner direct ocean 2713 sq.ft. 2-car garage $430,000
_____This unit sold new in 2006 for $675,000
Riomar entire 2nd floor, 3008 sq.ft. closed for $550,000
Meridian 2nd floor corner, direct ocean, brand new, 2570 sq.ft. $735,000
_____asking price of $994,000 just a year ago
MLS inventory April 4, 2009 Cocoa Beach & Cape Canaveral
Condos, all prices_____700
over $500,000_________101 - 5 sold since New Year's Day
Single family homes___101 - not a typo, coincidence
However beautiful the strategy, you should occasionally look at the results.
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