Homes for sale inventory shrinking

This was the headline of a story in the paper today.  It has never been more true than in Cocoa Beach.  The inventory is even smaller in the condo market.  In the four complexes we talk about there are now only 4 condos on the market.  Two in Windward East and two in Windrush.  All are direct ocean and priced from $272,000 to $345,000.  In all of Cocoa Beach there have only been 53 new listings this year on the ocean and 69 oceanfront condos have closed this year.  As of this posting there are only 91 active condo listings on the ocean in Cocoa Beach.

This picture is of the beach access on a vacant lot we now have listed on Ocean Beach Blvd in Cocoa Beach.  The property is zoned multi-family which has been cleared and ready to build.  This parcel in 2006 was purchased for $2,400,000.  It is now listed as bank owned and listed for $995,000, if you know any investors please tell them about this property.

Walker Bagwell Properties now has a new facebook page at www.facebook.com/pages/walker-bagwell

Thanks

Jim Bagwell