"I'll make you banana pancakes"

"Pretend like it's the weekend now"  Jack Johnson
It is a good day to stay in bed, brrr.  Florida was the only state in the union without snow on the ground yesterday.

We are officially over the holidays and it is time to get back to full time work!

The picture above is of Crescent Beach Club in south Cocoa Beach.  We sold a unit there this month for $249,000 with 1800 sq ft, 3 bedrooms 2 baths and great ocean and river views.  A great deal for the buyers and they are fantastic people and will be welcome additions to Cocoa Beach.  This condo is one of 6 that has closed this month.  The 6 range from $61,000 to $545,000 (Meridian we talked about last post).  The other 4 are non-oceanfront.

Our complexes have remained steady.

2100 Towers

The unit on the 4th floor side views is a foreclosure and is under contract.  List price is $169,900.

Windrush

Side unit on 3rd floor is a short sale listed at $209,900 and is under contract.

Windward East

The foreclosure on the top floor is finally under contract.  Listed at $199,900, this will be a good buy regardless if full price or not.

It is the time of year to make your tee times ahead of time at Cocoa Beach.  The greens have been sanded but they are in very good shape.

Jim Bagwell

"A time to gain, a time to lose"

"A time to rend, a time to sew"
The Byrds

What we are seeing now is a lot of sellers chasing the market. As you have seen the most changes in listings in our complexes are price reductions. Some of these listings have been on the market for 1-2 years, thinking the market will come up to their needs. As far as the market coming back it appears that it is, however the prices are not going up any time soon. Now of course I wish it was different since I bought our condo at the peak of the market and at the time it seemed like a good idea.




One new listing in Windward East; 2 bedroom 2 bath, top floor with 1394 sq. ft. and features sandollar plan and a 2 car garage. Naturally this unit has great views and priced at $299,900, if you comp it to 703 with the same floor plan, 1 car garage with sale price of $299,000 then this unit is priced right. There may be a few disappointed buyers when they first see the unit and the kitchen in the listing is of our clubhouse. I am proud of our clubhouse as well but all you have to do is label the pictures to avoid confusion.



A couple of weeks ago I remarked that The Meridian had one of my favorite pools, a unit on the 3rd floor just closed for $545,000. It is an interior unit with 2180 sq. ft., unit was owned by a realtor which was purchased in 2007 new for $679,900



I hope you all have a happy, healthy and prosperous 2011. As Ada told me, today is 1/1/11!



Jim Bagwell