Thousand Islands

This picture will help to understand why the refuge is called Thousand Islands.

Still only 7 units active in our 4 complexes and none in 2100 Towers.

Interesting enough, there have been 14 units closed this year with none in 2100 Towers that were listed on MLS.

Windward East, Ada has closed the only one this year and that was the 1 bedroom 1 bath unit on the top floor.  This unit sold for $175,000 or $194 per square foot.

Windrush, 7 units have sold with one of these being in the front buildings.   If I throw out that unit, the average sold price would be $146.15 per square foot.

The Diplomat, 6 units havc sold with one of these being oceanfront.  This unit sold for $200,000.  If I throw this unit out the average price per square foot would be $121.93.

This is surprisingly accurate so you can do your own CMA.

Inventory is still jumping off the market.  I only hope the next wave of foreclosures won't be as severe as some are predicting.

Enjoy the weekend!

Jim Bagwell

"You know it balances on your head"

"Just like a mattress balances"
"On a bottle of wine"
"Your brand new leopard-skin pill-box hat"
Bob Dylan 

Still not much going on in our complexes.
There is a new oceanfront listing in The Diplomat.  This is a top floor which is 3rd floor in The Diplomat.  The unit is a 2/2 with 900 square feet, priced at $249,000.  Great views!

The investors are certainly back and not much to buy on the beach side.  Ada has sold 4 income properties in the last month.  These properties include 2 condos, 1 6-plex and 1 8-plex.

Jim Bagwell

"In the middle of difficulty lies opportunity."

Albert Einstein

Ada and I clebrated our 28th anniversary with a biplane ride with a loop and roll.  It was a blast but with the loop and roll we had to wear a parachute, hmmm.  We did get a 2 minute class on how to deplane.

We now have 6 active listings in our complexes.  All are in Windward East & Windrush.  No listings in The Diplomat or 2100 Towers.

New listings include Windward East 1st floor side unit that is listed at $209,000 and a Windrush in the front building that is a 1st floor unit with a price of $169,000.

In the four complexes in 2012 there have been 14 sales.  The latest 2 were both in Windrush.  One is a 1st floor SE corner, direct ocean and closed for $206,000.  The other is a 2nd floor with 1852 sq ft, 3 bedrooms 2 baths and wrap around balcony.  This one closed for $200,000.

Enjoy the day.  I spoke with a client in Chicago last week and he was traveling to Florida to escape the heat.

Jim Bagwell