Wednesday, May 15, 2013

"Tin soldiers and Nixon coming"

"We're finally on our own"  Neil Young  Neil wrote this song Ohio in one hour after the Kent State fiasco.
The market is getting better!  Buyers could be missing out.

As of this writing there are presently 18 foreclosures on the market in Cocoa Beach & Cape Canaveral.  These units are priced from $34,900 to $309,900.  The highest priced unit is in Sandcastles which is a weekly rental complex but this unit is probably a bit overpriced for a foreclosure.

In addition there are 4 short sales on the market.  These units are priced from $155,000 to $400,000.  When listing a short sale you should price the property at market value since until you get an offer you really can't negotiate with the bank.

So far this year there have been 44 foreclosures sold and these units range in price from $20,000 all the way to $236,555.  In addition there have been 18 short sales that have closed, priced from $22,000 to $515,000.  The highest priced unit was in the Meridian which is a great complex with the best pool on the beach.

It is getting better after all!

Jim Bagwell

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