I am sick of winter

Sorry it has been so long for a post but we have been busy surviving. We have been working on a proposal to become the local listing agent for HUD homes. It is a government proposal so it was rather intensive, I will let you know how it goes.

I realize you all know this since we live in this state of flux with the Real Estate market but I will share this with you anyway.

A synopsis of the market.

Park Place condo which is located direct ocean next to Coconuts, people either love or hate this location since it is party central. There are no rental restrictions on this complex. This makes it popular for investors. This is a timeline for a 2 bedroom 2 bath unit in Park Place.

08/2004 unit sold for $422,000
12/2005 unit sold for $379,000
12/2009 unit sold for $250,000

Like it or not this is where we are!

There is a new listing at Windrush, unit is direct ocean with 2 bedrooms 2 baths on the 5th floor and listed at $299,900.

Another front unit in The diplomat is listed at $135,000, this seems to be the price of choice.

The unit at Windrush that is MLS entry only is still there at $259,500, side view with 1336 sq ft. There is still only one crappy picture which makes me embarrassed for the real estate profession.

Try to stay warm and hit them straight and long every chance you get.

Jim Bagwell