Monday, April 01, 2019
Into the Serengeti
Real estate sales activity isn't as affected and usually stays steady through the end of summer even though there are less people around between now and June. Our sales in March picked up considerably after a slow start to the year and we had a total of 68 condo units and 17 single family homes closed during the month, exceeding last March by a good margin.
Inventory continues to creep upward. We have 272 condo and townhome units and 69 single family homes for sale today in Cocoa Beach and Cape Canaveral. Even with the increased supply, supply is still tight for certain property types. Those looking for a direct ocean unit above the ground floor with at least two bedrooms for less than $350,000 have two possibilities. Need three bedrooms with same criteria? There are none unless we increase the budget to $400,000 in which case we have six. As always, it pays to have reasonable expectations and to know "about" what your target property should be worth. Know that most everything is overpriced.
Confused love bugs have been hatching every day for the last week but I've not seen any hooking up. I don't know if this means we can expect a record hatch in May or if the early hatches will short circuit the May hatch. Time will tell.
"It makes sense to dance while the music is playing." __G. Maynard Krebs