Sunday, June 12, 2011

"In every life we have some trouble"

"When we worry you make it double" Bob Marley
I love to listen to reggae in the office but it always makes me want to be in the islands.

Windward East
The side sand dollar unit was reduced to $225,000. There were multiple offers and is now under contract. Market price is still the key. The association is also very important to every buyer or should be. The monthly dues in Windward were just raised to $330 and that takes care of the balcony restoration. There is a unit in Champanade that is on the market and the complex has always intriqued me. Very large units with all the mac daddy features but the monthlies are $799. This puts it out of reach for most buyers.

Beach Winds
If you are looking for a deal! There is a foreclosure in Beach Winds on the 1st floor priced at $209,900. This is a 3/2 and the complex is well maintained monthlies are $405.

Short Sales
There are 2 short sales under contract that if closed will change the game for the complexes. The 1st is in Wavecrest that is a 2/2 with 1568 sq. ft. List price of $255,000. The 2nd is in Sol Y Mar and features 3/3 with 2310 sq. ft. and listed at $447,000. This complex was built in 2004 with 2 car garages under the building. I can't complain since Walker Bagwell Properties have both contracts.

Enjoy the day, friends and family!

Jim Bagwell

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