Update

I hope everyone is doing well on this cloudy Sunday in Beautiful Cocoa Beach.

Even when the sun is not shining we are in one of the greatest places around. Just to give you an update on what is happening with our complexes. We do have some new listings and as usual they vary greatly in price. Everyone is still trying to find the magic price.

The Diplomat

There are 2 new listings in the front buildings.
Both are 2 bedrooms 1 bath with about 750 sq ft. One is priced at $175,000 and the other is priced at $153,000. There is also one of the big units direct ocean units listed at $699,000. This will be a very difficult sale for obvious reasons. We are still in a definitely buyer's market. There are brand new units with more sq footage priced well below this price. There is also an auction coming up on May 17 to sell 10 units in Mystic vistas in Cape Canaveral, this will be an absolute auction with no minimum bid and no reserve. The choices are out there so to sell a high end unit in an older complex is very difficult.

Windrush

One new listing is a 2 bedroom 2 bath with over 1500 sq ft and a 2 car garage. This unit is a side unit with no view but priced at $220,000 it will get some looks.
Top floor sold for $325,500 listed at $375,000. I think this was a great buy with the views.

Windward East

No Activity.

Overall Market

Sales are increasing county wide but have decreased a little in Cocoa Beach/Cape Canaveral.

There has been a definite decrease in the number of RE agents and companies. The correction should have been anticipated but the severity was not anticipated. We will be here if you need us.

Jim & Ada Bagwell