"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