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 - condoranger@hotmail.com
Wednesday, August 31, 2011
Inventory breakdown
I didn't have any reason for choosing the categories below other than whimsy. We are feeling the supply squeeze in several areas of our market as the numbers illustrate.
Cocoa Beach and Cape Canaveral MLS - August 31, 2011
___________________________
Condos and townhomes for sale
<$100,000______57
>$300,000_____103
>$500,000______42
bank-owned_____10
short sales______48
Total all prices__360
Condos sold since January 1, 2011
<$100,000_____132
>$300,000_____32
>$500,000_____10
bank-owned____56
short sales_____60
Total all prices__373
___________________________
Single-family homes for sale
<$300,000__________28
>$500,000__________22
non-ocean waterfront__32
oceanfront___________5
bank-owned__________1
short sales__________4
Total all prices_______73
Single-family homes sold since January 1, 2011
<$300,000__________66
>$500,000__________12
non-ocean waterfront__41
oceanfront___________5
bank-owned__________7
short sales__________18
Total all prices_______98
___________________________
I never keep a scorecard or the batting averages. I hate statistics. What I got to know, I keep in my head. __Dizzy Dean
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