Friday, January 11, 2013
Distressed sales make up 13.5% of the current for sale inventory (296 units) this morning with 40 units offered from $350,000 to $34,900, median $124,000. The Pier Resort still dominates the distressed category with six units left at prices from $169,900 for 1900 square foot 3/3 units to $205,000 for the 3400 square foot units.
There were only five single family home closings in December in the two cities and none of them were distressed. Median price $265,000. Total for sale inventory this morning is 53, median asking price $375,000. There is but one distressed sale in the 53 listings, a canalfront 3/2 in Cocoa Beach asking $319,900.
So far, winter has not arrived and temperatures are holding well above average for this time of year. I hear the occasional relocated northerner complain about lack of cool temps but very few long term local folks express anything but pleasure at January temps in the 70s. To each his own. I'm happy shirtless and barefooted regardless the month. Let's make the most of this new year.
Beware advice from the accidentally successful. __Larry