"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