Status Quo

It's December 6 and the Cocoa Beach Christmas parade will shut down southbound A1A through downtown for a couple of hours this afternoon. Small town America at it's core.

The MLS tells me that there are 245 condos and townhomes for sale in Cocoa Beach and Cape Canaveral this morning. This is the same number of units that have closed since July 21 this year. That's the entire inventory selling in 183 days, a tight market to put it mildly. Looks like 2014 will come close to matching last year's record-breaking 660 units with 631 closed units so far, as of this morning. Activity slowed considerably in November with only 38 units closed which is right in line with last year's 37 units.

Oceanfront and riverfront units continue to dominate the landscape with ocean units ranging from $240,000 for a direct 6th floor handyman 2/2 at the Sands to a 2nd floor southeast corner Sol y Mar 3/3 that closed for $750,000. Just three years ago a same floor plan corner unit on the 3rd floor closed for $447,000. That, ladies and gentlemen, is some serious price recovery.

Others sales of note included:
A 3rd floor southeast corner 3/3 in the ten year old Ocean Oasis in downtown Cocoa Beach for $600,000.

A smaller but totally remodeled 5th floor southeast corner Windrush 3/2 for $460,000.

An upgraded 5th floor direct river 3/2 corner at Solana River closed for $390,000 after just 23 days on the market.

A 4th floor direct river River Bend 3/2 in south Cocoa Beach sold for $350,000.

A few blocks north, a remodeled 3rd floor direct ocean 2/2 at Waters Edge closed for $345,000.

A few more blocks north, still in south Cocoa Beach, a remodeled 3rd floor direct ocean Sun Club 3/2 went for $329,000.

There were eleven closed single family homes in the month at prices from $194,900 for a bank-owned little beauty in Cocoa Isles to $450,000 for a totally remodeled canalfront 5/2 pool home with dock and boat lift.

Of the 49 total residential sales, seven were either short sales or foreclosures. Of the 304 active for sale residential listings of all property types, five are short sales and 19 are bank-owned. The short sale chapter in our boom, bust and recovery history is drawing to a close.

If you'd like the full details and photos of all or specific closed sales, shoot me an email.

Don't forget; parade at 2 this afternoon downtown Cocoa Beach.

"The truth will set you free, but first it will piss you off."  __Gloria Steinem.