What Goes Up ...

Saturday, 7 February 2009

Notable price drops and new listings since February 1st from the Cape Canaveral and Cocoa Beach MLS.

Brand new, foreclosed, never lived in 2300+ sq.ft. canal home off Minutmen Cswy.

Two year old, 7 bedroom, 4.5 bath, 6300+ sq.ft. canal home with all the bells and whistles, Originally asking $1.3 million, dropped to

A 2 year old, 2300+ sq.ft., 4 bedroom, 2.5 bath townhome in Cape Canaveral that sold new for $450,000, offered this week as a short sale, suggested price; _______$199,500

Two year old, 3 bedroom, 3 bath, 2100+ sq.ft. river condo in south Cocoa Beach, sold new in 2007 for $549,900, now offered (not a short sale) for

A 3 bedroom, 2 bath Cape Canaveral townhome that sold new in 2006 for $255,000, now offered as a short sale, suggested price,
_______________________ $149,900

And crazy price drop of the month, the previously profiled 4300+ sq.ft. canal home that started at $1,199,000 last June posted it's 29th teensy price drop this month to bring it to a still-too-high $979,000.

There are plenty of others out there but I thought these would be interesting. As I've mentioned in recent posts, if you're not paying cash, be prepared to pony up more than you thought for a down payment. Talk to a lender now to find out what may be required of you for a mortgage, especially if it's a condo, AND, pray for warmer weather.

Well he who waits for the day's riches will be lost
In the whispering tide

Where the river flows

Tomorrow never knows

__________Bruce Springsteen