Weekly and Monthly Rentals

Hello to all

Sorry I have been tardy with this update, I have actually been busy.

The update for our three complexes are as follows:
new listings
Windward East unit 604, listed at $375,000. a 2 bedroom 2 bath with great views 1240 sq ft.

Under contract
Windward East townhome, due to close next week.
Windward East unit 102, due to close this week.
Windrush, unit 704, top floor, under contract, listed at $375,000.

I was amazed at my own research!

In 2007 between Jan 1 and Mar 12. There were exactly 0 units closed in our 3 complexes according to our MLS system. In the same period in 2008 there have been 8 closed and 3 are under contract.

We have talked before about investors seeking weekly and monthly condos. I think this is very clearly the hot market at the moment. Count your small blessings!

Seminar

If anyone is interested we are having our 4th and final seminar for the public. This week's topic will be the Mortgage Relief Act and all questions about mortgages. This is always free and refreshments are served so come enjoy yourselves, it is always informal and it is at the Country Beach Country Club 5:30 to 7:00 in the evening.

Picture

The lead off picture is a listing we have at 981 Bali Rd. 5 bedrooms, 3 baths, pool and over 125' of waterfront. Priced at $599,000, the owner is taking a loss.

All is good in Cocoa Beach!

Jim Bagwell