Real Estate Excitement ?

As you can imagine we haven’t had much to be excited about running a Real Estate Brokerage during the last two years. We have started 2008 in a very positive manner. All our agents are showing property and closings are happening in a very regular time period. I believe prices are driving this cautious comeback. I still take what NAR and FAR puts out with a grain of salt since their business is to pump up Real Estate Agents and the public about the market. You will never see me wear the button that says “It is time to buy Real Estate” however in 2008 you may see me wear a button that says “It could be the time to buy depending on the price”.

Market update

So far in 2008 there have been 26 condos sold and 8 single family homes. Some of my favorite deals were as follows:

1800 sq ft condo top floor with ocean and river views. This unit needed updated but sold for $350,000. It was listed originally for over $500,000. (there is now the next door unit listed for $399,000, the seller will have to look at what sold next door)

1153 sq ft daily/weekly rental unit direct ocean, already leased Feb & Mar for $3000 monthly. This unit sold for $260,000.

Very new lake view unit, 1698 sq ft unit sold for $195,100 fully furnished.

2nd floor corner unit with great views, 1600 sq ft with a huge wrap around balcony sold for $269,900. Great building with fantastic lobby.

On the residential side of things there was a sale of a canal front home, sold less than a year ago for $450,000 and then completely renovated. This home sold this year for $450,000.

Some of the deals that are scheduled to close in Feb are even more impressive. I will post when they are actually closed.
My favorite listings
Some of my favorite units listed would be as follows:

My own listing is a beautiful home with 5 bedrooms 3 baths, fantastic pool, 2 docks,2500 sq ft and over 120’ of waterfront. This home has been totally redone and listed at $599,000 which is a loss to seller.

Another one of our listings is a 3/2 canal front home with a huge Florida room, dock with boat lift, landscaped to the 9’s. Just move in and enjoy, convenient to everything shopping, schools, dining, beach and everything else. This home has been reduced to $479,000.

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