Last flight of the Endeavor"

complete with the love bugs and Ada's head

It really is very sad to see another space era come to an end. My hat is off to all the men and women who made history come to life for our area and the entire world. A great many of us live in this area simply because the space jobs brought our families here in the first place. We owe much gratitude to the pioneers of the space industry. I remember back in the day at good old Pineda elementary, they would let us out to see the rocket launches. If you can imagine all the little kids anxiously watching the skies for the launch while looking for that bright light in the east. A lot of times it wouldn’t happen since someone forgot the matches to light the thing but other times we would see it go straight up but then do circles or zig-zag until they blew it up, now that was the best for us and they would get a standing ovation. Now if you will imagine the bravery it took for a man or woman to actually say “OK strap me in this little bitty thing and shoot me into space”. As the kids say OMG!

My hope is the next generation of space will bring jobs and great minds to our area and it is already happening. In my opinion this is the greatest place to live, raise a family and retire if you are so inclined but of course retirement is for sissies. To paraphrase Gloria Gaynor “We will survive”

Ada just closed a unit at Crescent Beach club for $365,000. This was a SE corner unit on the top floor with well over 2000 sq. ft., for we Realtors this was a win win situation for the buyer and seller which is what we live for in our world.

Jim Bagwell

Listing price is more critical than ever before

The guard on the 9th hole Lakes course

Summer doldrums strike early!

Six foreclosures at the Pier Resort have hit the market. This complex is across the street from the Cocoa Beach pier. These units were built in 2007 with 3400 sq. ft., 3 bedrooms, and 3 baths with dual A/C systems and priced at $299,900 or $88 per sq. ft. This complex was just completed at the worst possible moment.

Beach winds also has a foreclosure on the 1st floor, features include 3 bedrooms 2 baths and 1464 sq. ft. and priced at $238,000.

Windrush has a nice side unit on the 4th floor and is not a foreclosure or short sale with a price of $179,000. Priced to sell!

The Diplomat unit we mentioned previously with a price of $91,000 is under contract. There is also a new listing that is a short sale with a list price of $99,900.

2100 Towers has a new foreclosure that is a northwest corner unit and features 2 bedrooms 2 baths with 1600 sq. ft. and priced at $175,000.

Listing price is now more critical than ever before.

Jim Bagwell

"We are but a moment's sunlight"

"Fading in the grass" The Youngbloods





We are definitely seeing the inventory of ocean front condos shrink dramatically. Buyers who are looking for a market priced condo with views are now having a difficult time finding that prospect. It is more important than ever for sellers, if at all motivated, to price with the market. We are going to see closings in May that will again change the game. I believe this is all good for the long term future of Real Estate and especially for we condo dwellers. In my opinion when the new construction units are sold out making the existing units becoming more desirable we will see stabilization in the condo market. You should never expect it to be where it was because it is not going to happen for a very long time and the property value explosion will never again occur in Florida. The opportunity is there right now if you seriously want or need to sell your condo, oceanfront or not.

A new listing in Windrush priced at $287,000. This is a corner unit with wrap around balcony and northeast ocean views; this unit features 3 bedrooms and 2 baths. The kitchen and baths appear to be original requiring updates.

If interested in riverfront condos, there are two new listings in Bayport in Cape Canaveral priced at $199,000 and $219,000. These units were built in 2006 with both featuring 3 bedrooms and 2 baths. They have 2032 and 2092 sq. ft. respectively and nice Banana river views. Both of these units are priced well below the pre-construction sale prices.

For those who are looking for more personal space, you could consider the penthouse listing in Ocean Club. This unit features 4 bedrooms 4 ½ baths with 4565 sq. ft. and has a maid’s suite or could be in-law suite. The unit is listed at $1,175,000.

Enjoy the day!

Jim Bagwell