Thursday, October 11, 2012

"Only good girls keep diaries."

"Bad girls don't have time." Tallulah Bankhead
Walker Bagwell Properties listed and sold unit 207 in Windward East in 55 days.
The condo is a SE corner with 3 bedrooms 2 baths.  Listed at $349,000 and sold for $335,000, I love it when the buyers and sellers are happy.

In addition to unit 208 with a list price of $247,000 reduced we have unit 408 listed at $245,000.  Both units have nice southern views with 2 bedrooms 2 baths.  Both units are in Windward East.

The most popular search for a condo in Cocoa Beach is a direct ocean with 2 or 3 bedrooms on the 3rd floor or higher and priced between $270,000 to $365,000.  Right now there are 10 of these in Cocoa Beach but really 3 of these are side views that are called direct ocean.  The average price is $339,000 but buyers today are much more knowledgeable about associations and what it takes to get a mortgage.  The fees of the active units run from $300 monthly to $525 and some associations don't have reserves or insufficient reserves to acquire a mortgage.  A lot of lenders today have their own questions for associations and in addition the prospective buyers have 10 days to examine documents, budget and financials.  2 of the active listings are in The Mark and The Crossway which are very hard sells because of their 60's style construction.  It used to work but not so much now.

Have a good one and vote!

Jim Bagwell


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