"I don't need satin to sleep"

Cheryl Crow

Sunset at Harbor Isles

Luxury Market

We have a client who owns a Real Estate franchise in Boston.  They bought a million plus home on the Indian River about 5 years ago.  In Boston they deal exclusively with high end properties, they made the observation that the high end market was more or less impervious to the market trends.
For those of you who saw the paper today, there are 10 high end short sales in Brevard.  There are actually 11 priced from $900,000 to $1,900,000.  All of these are on the ocean or the river,  there is one in Satellite Beach priced at $1,750,000 on the ocean with 9800 sq ft and about 1.25 acre.  No guarantees on getting the banks to accept the offer but they are responding more quickly and sometimes countering.

News in our complexes

Windrush
There are 2 new listings with side views.  Both are 2 bedrooms 2 baths, 1 on the 5th floor priced at $265,000 and 1 on the 3 floor priced at $219,900.  As you can see the foreclosure in Windward East has affected the comparable pricing.

Windward East
The short sale direct ocean, 1394 sq ft on the 4th floor is under contract.  The HUD appraisers are now using short sales and foreclosures in preparing their appraisals.

The Diplomat
The short sale in the front bulding priced at $80,000 closed at $74,900.  Another new comp!

Get to the art show this afternoon, it brings out the unique!

Jim Bagwell

 

"Well I hope Neil Young will remember"

"a southern man don't need him around anyhow"
Lynrd Skynard,  I saw these guys in the Tiger Den under the Cocoa water tower in the dark ages

This is the way to watch the air show

Not a lot has changed in our complexes over the week. This is where we stand at the present time.

2100 Towers

There are 6 active listings priced from $175,000 up to $395,900

There are 2 under contract. 1 is a foreclosure priced at $169,900 and 1 is a flip priced at $257,900.

The Diplomat

There are 2 active listings both in the front buildings priced from $110,000 to $135,000. This is the lowest number of listings all year.

There is still the short sale under contract listed at $80,000.


Windrush

There are 5 active listings priced from $119,000 in the front to $485,000 on the ocean OMG.

One of the listings is a short sale side view back on the market $209,900.


Windward East


There are 5 active listings priced from $199,000 to $350,000. The side view top floor is reduced to $224,900, foreclosure.

The short sale townhome is still under contract, list price $150,000.


News


We are seeing lenders sell off blocks of new condos to investors who in turn put them on the market. Mystic Vistas which is in Cape Canaveral behind the villages of seaport with ocean view is one of these. There have been 9 of these sold this year priced from $130,000 to $225,000 price varies with view. These units were built in 2005 and square footage goes from 1686 to 2010.



A different situation in the foreclosure

An Ocean Oasis foreclosure with 3293 sq ft, 4 bedrooms 3 ½ baths sold for $535,000. This condo even has one of them bidets.



Have a good one



Jim Bagwell

"You don't need a weatherman to tell which way the wind blows"

Bob Dylan

I believe the wind didn't help the Geico skytypers this weekend.  It is interest ing to note that these planes are SNJ's, a WWII trainer.  There are only 11 left and Geico has 6 of these in their show.  Almost all the pilots are commercial airline pilots who do what they love in their spare time.  I know there are a lot of dogs in theraphy this week and the ferrel cats may be gone forever but this is what Cocoa Beach needs in our present economic envirionment.  With our job losses and more to come we have to promote Cocoa Beach, I know we don't like the traffic, parking and other issues but we have to do what we have to do to keep our paradise.  Please remember that special interest starts in local elections so get out and vote on 11/2.  Lets keep an equal footing for all business's in obtaining permits and keeping our voice.

Nothing new in  our complexes

When Ada and I got married a long time ago we lived in Stonewood in the C building.  We had our reception in the clubhouse.  It was one of our favorite places we have lived in Cocoa Beach.  Recently a unit C302 closed for $280,000.  The unit has good views and 3 bedrooms 2 baths and 1588 sq ft.  We lived in C401 which is a corner unit and almost 2000 sq ft.  We may have missed the boat on this one.

Hope you enjoyed the show and take care of your dogs!

Jim Bagwell