August 14 update

Tuesday, 14 August 2007
Just a brief update this morning on two oceanfront condos previously featured in the False Realities post. Seller number 2 in that post with a 2278 sq. ft. corner ocean unit in Crescent Beach Club who had progressively dropped his price from $649,000 to $419,000 finally got an accepted contract as of yesterday. Seller number one who had a direct ocean corner unit in Wavecrest with 2000 sq.ft. closed his unit yesterday. Selling price: $385,000, quite a haircut from the $630,000 original asking price in April of 2006. A 15th floor direct ocean, 2/2, sand dollar floor plan with 1470 sq.ft. at Stonewood closed yesterday for $475,000. Original asking price was $575,000 last November.

An interesting price reduction today is an 11th floor, southwest corner in 2100 Towers that has been reduced to $287,000 from $316,000 in April. Other than a ground floor unit with no view that sold last month for $265,000, no 2100 Towers unit has sold for less than this since 2003.

Another smoking deal hitting today is a bank-owned 4/3 canal home in Cocoa Beach for $339,000.

I'll leave you with a shot of a few of the Australian pines or casuarina trees slated to be cut down on the Thousand Islands in Cocoa Beach. Whatever the science behind the removal, I'll miss these trees.