Monday, April 06, 2009

Who's Shrugging?

March 31 marks the beginning of the end of snowbird season here as our winter visitors start heading back north. I'm not sure if that has any relation to market activity since then, but April has begun with a blast of condo sales activity. Since April 1 a total of 21 condos and townhomes have gone under contract in the Cocoa Beach and Cape Canaveral market according to the MLS, 3 over $500,000. If history is any indication, some of these will not close, but, even considering that, 21 contracts in 5 days is nothing to dismiss, especially considering that there was a total of 27 closed condos and townhouses in all of March. The April through July period has historically been the busiest time of year for sales regardless of market direction and it looks to hold true again this year.

There are a few newly-offered, attractively-priced weekly rental units available this morning in addition to a smattering of short sale gems. My favorite ocean condo deal at the moment is a 2nd floor, 2/2 with 1300+ sq. ft. and a big balcony offered for $245,000 as a short sale. It had a previous contract that fell apart in the laborious short sale process and is now back on the market. In case you've forgotten, today is opening day at The Master's in Augusta and it promises to be a good one again this year.

I'm amazed at the TV stations
I'm amazed what they want me to believe

_______My Morning Jacket