"Average U.S. rates on fixed mortgages have risen"

"for a fourth straight week,remaining slightly above record lows.  (3.66%) can you imagine rates have risen to 3.66% Wow

Picture is balcony view from our new listing in Windward East 208.

This unit is in great shape and shows very well.  AC new in 2009, new electric shutters and upgrades on the floor and bathrooms.  2 bedrooms 2 baths 1316 square feet, unit located one in from oceanfront building and priced at $249,000.

STATE OF THE MARKET

Almost every Real Estate site states that home sales remain steady and prices have risen slightly.  What is not taken into consideration is the fact that Real Estate is very location driven.  What is happening in Kentucky has very little to do with what is happening in Florida.  Believe it or not what is happening in Cocoa has nothing to do with what is happening in Cocoa Beach.

At the present time there are 93 active oceanfront listings in Cocoa Beach.  As of 08/27/12 there have been 105 oceanfront condo listings sold in Cocoa Beach.  If we had our usual supply of listings in Cocoa Beach, we could be in a full blown recovery.

Good day to stay home and sleep in Cocoa Beach.

Jim Bagwell