"For what it is worth"

There's battle lines being drawn
Nobody's right if everybody's wrong
Buffalo Springfield

There have been 13 units sold in our 4 complexes in the past calendar year.




2100 Towers had four units sell.

1150 sq ft unit 1 bedroom 2 baths direct ocean 11th floor was listed at $199,900 and sold at $165,000 in 11 days. Closed 6/12/09



1400 sq ft unit 2 bedrooms 2 baths side unit 1st floor was listed at $179,500 and sold at $165,000 in 95 days. Closed 7/1/09



1400 sq ft unit 2 bedrooms 2 baths side unit 6th floor was listed at $179,900 and sold at $172,000 in 29 days. Closed 11/20/09



1400 sq ft unit 2 bedrooms 2 baths direct unit 8th floor was listed at $249,900 and sold at $215,000 in 72 days. Closed 04/30/09



The Diplomat had four units sell.

750 sq ft unit 2 bedrooms 1 bath front bldg unit 1st floor was listed at $125,000 and sold at $112,000 in 119 days. Closed 10/1/09



900 sq ft unit 2 bedrooms 2 baths direct ocean 1st floor was listed at $219,900 and sold at $210,000 in 114 days. Closed 6/30/09



900 sq ft unit 2 bedrooms 2 baths direct ocean 1st floor was listed at $259,900 and sold at $215,000 in 537 days, original listed at $349,900. Closed 3/31/09



900 sq ft unit 2 bedrooms 2 baths direct ocean 2nd floor was listed at $289,800 and sold at $259,000 in 25 days. Closed 3/27/09



Windrush had 2 units sell

1240 sq ft unit 2 bedrooms 2 baths front bldg 2nd floor was listed at $135,000 and sold at $135,000 in 27 days. Closed 10/09/09



1495 sq ft unit 3 bedrooms 2 baths direct ocean 3rd floor was listed at $328,000 and sold at $265,000 in 199 days. Closed 11/5/09

Windward East had 3 units sell

1394 sq ft unit 2 bedrooms 2 baths direct ocean not listed in MLS but sold for $250,000. Closed 8/11/09



1316 sq ft unit 2bedrooms 2 baths side unit listed at $299,900 and sold for $285,000 in 146 days. Closed 5/11/09



1394 sq ft unit 2 bedrooms 2 baths direct ocean listed at $328,000 and sold for $304,500 in 134 days, original list price $329,000. Closed 11/30/09

Now don’t panic most posts are short and to the point this is a yearly recap, kind of like the state of the union but different .



It is interesting to note that the sale prices indicate we have reached the point of being under $200 per sq ft on direct ocean units. That is a point we haven’t been at in a very long time.



Hit them long and straight.



Jim Bagwell