Sunday, June 19, 2011

"Long ago, when men cursed and beat the ground with sticks"

"it was called witchcraft. Today it's called golf." Will Rogers

No 4 tee box on CB river course.

The condo inventory is down all over the beach and the same for our complexes. In Windward,Windrush,2100 and The Diplomat are 12 active listings. 4 in Windward, 3 in Windrush, 4 in 2100 and 1 in The Diplomat. There are also 3 under contract with 1 in Windward,1 in 2100 Towers and 1 in The Diplomat.

One good reason to investigate the location of a condo is what happended to the Shorewood in Cape Canaveral. Shorewood is a very nice complex with great amenities. When Mystic Vistas was built next door, the setback between the 2 complexes was very short. Several of the buildings in Shorewood ended up with a view of the ocean if you leaned over your balcony. 2 units closed recently and one in the G building closed for $240,000 with 2104 sq. ft. but blocked view from Mystic and another closed in the E building for $318,000 with 1663 sq. ft. but not blocked by Mystic. Something to keep in mind.

There is a 3/2 in Stonewood on the 1st floor that is under contract with a list price of $239,000. We 1st floor owners are taking a beating.

Happy Fathers day to all the Dads!

Jim Bagwell

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