Thursday, September 12, 2013

"Things just couldn't be the same"

"Cause I'm as free as a bird now"  Lynyrd Skynyrd Free Bird
Ada got this picture on the golf course at Cocoa Beach on Sunday.

NAR has reported that the condo market may be booming again despite the lack of inventory.  For the month of July the sales of condos were up 23% from a year ago.  Midwest and Southeast lead the way but all regions are up at least 20%.  This is really good news for Cocoa Beach.  Our inventory is still at a all time low.

The National Association of Home Builders report that optimism has skyrocketed in the second quarter.  In the Miami area a flood of Latin America money has started a new high rise condo start ups.  This area a couple of years ago had totally bottomed out.

Financing is still a challenge but can be achieved if you stay with it.  Please try to use a local lender,  we have to be able to get our hands on them.

Speaking of condos there is a foreclosure in Windward East with 2 bedrooms 2 baths, upgraded priced at $249,000.  This is a 1st floor but convenient to the ocean.

Jim Bagwell


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