"A cloudy day, or a little shushine,"

"have as great an influence on many constitutions as the most real blessings or misfortunes" Joseph Addison

Still not much new in our complexes, The Diplomat that is a short sale has been reduced to $90,000. When there is a broker price opinion completed after a contract is received it should be very close to this price, which means if the offer is close to list price then the lender will most likely approve.

So far in Sep there have been 6 sales of true ocean front condos. These have ranged in price from $185,000 to $325,000 ,this one has almost 2000 sq. ft. The average sale price would be $157 per sq. ft.

Two new listings of interest are a Siesta del Mar foreclosure listed at $139,900 and an Almar with 2713 sq. ft., 4 bedrooms 3 ½ baths and priced at $465,000.

List prices are starting to reflect sale prices which is good for the recovery.

Jim Bagwell