Median closed price of the sold units was $322,000 and median time on market was 98 days. All but one of them closed for less than the original asking price. Average selling price to original ask was 91%.
Single family homes have been unseasonably slow as well with just eight closed sales so far in October. Median selling price was $773,000 with a median time on market of 149 days. There are currently 50 single family homes for sale n our MLS with a median asking price of $900,000 and a median time on market of 103 days. There is only one listing asking less than $500,000.
There are 273 total condo and townhome units on the market this morning in Cape Canaveral and Cocoa Beach with a median time on market of 93 days. The flow of new listings has slowed over the last few months which is not unusual for this time of year. We typically get a surge of new listings after the first of the year as we transition into snowbird season. I am expecting a strong snowbird season with a lot of displaced snowbirds who would have been on the west cost except for hurricane damage impacting supply. There are still rentals available for the 2025 season for those who might be looking. I am seeing several attractive oceanfront condos available in the $3500 to $5500 a month range for snowbird season.
Th daily rains finally let up a few days after Hurricane Milton passed directly over Cocoa Beach and the Cocoa Beach Country Club was able to open the golf course up after being underwater for weeks. Local golfers will be trying to get in as many sessions as possible during the mild weather before the snowbirds begin arriving in January and average nine hole rounds creep back towards three hours.
“There comes a point where we need to stop just pulling people out of the river. We need to go upstream and find out why they’re falling in.” _Desmond Tutu
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