JUMPING THE FENCE
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 Pending,
contingent and closed sales continue to rise and inventory is at its
lowest level since May 2006. As of 3/23/08, there were 42 contingent
condo contracts in Cocoa Beach and Cape Canaveral.
The McCoy-Freeman Group
which consists of myself, Bobby Freeman, my wife Nikki and
mother-in-law Jennifer McCoy, represent 10 out of the 42 or an
incredible 23% market share of all pending sales in the Cocoa Beach
area condo market.
Our effective international and local
marketing campaigns combined with superb market knowledge continue to
attract new buyers and sellers daily. Not to mention even more buyers
are "jumping the fence" to get the deals while they last.
The
majority of our buyers are from areas such as England, Canada, Alaska,
South Florida, Finland. A few of these clients indicated to us they
were visiting other areas of Florida to decide where to buy beach side
property. With everything Cocoa Beach has to offer, the choice was
simple.
Here are just a few examples...
1. Property pricing is lower here than in many other barrier island beach towns.
2.
Excellent views of all NASA rocket launches plus the Space Shuttle
lands here as well. Anyone ever felt the sonic booms made when the
Shuttle reenters the atmosphere?
3. Sandy beaches, sunny warm weather, friendly people.
4. Just 45 minutes from Orlando International Airport and 30 minutes to Melbourne International Airport.
5. One hour drive to most Orlando area attractions such as Walt Disney World, Sea World and Universal Studios.
6. Ever wanted to learn how to surf? Cocoa Beach offers one of the best locations for beginners.
7.
Port Canaveral, the 2nd busiest port in the U.S., serves fun cruise
ships and gambling cruises, excellent restaurants, and first-class
fishing. Not to mention Disney's two newest and biggest cruise ships to
be coming soon!
There are many other examples but the best way to enjoy the many amenities of the Cocoa Beach area is to come here yourself.
If
you are looking for property and need professional service contact the
RE/MAX Elite's McCoy-Freeman Group. I will guarantee you will have the
best representation available.
We know the Cocoa Beach area
market better than anyone and we are available 7 days a week for
showings, questions and advice. Give us a call toll free at
877-611-7873 and let us make your real estate purchase as easy as
possible.
Also, visit the area's only Condo Super Center web site for detailed information on ocean front condos in the Cocoa Beach area.
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SHORT SALES IN COCOA BEACH?
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Based on newspaper headlines,
one would think that every housing market in the U.S. is experiencing
an increase in the number of short sales. This is not the case in the
Cocoa Beach and Cape Canaveral condo and town home markets. Out of all
available condos and town homes currently for sale, less than 1% of
them are in a short sale in this area according to the Space Coast
Association of Realtors.
Most
people are getting the wrong idea about short sales, they seem to think
that the lenders will give the properties away. Not so true in today's
market. We are currently working with 4 different properties in a short
sale and the banks are seeming to hold tight to the appraised values.
Short Sales can be an extremely long, drawn out, and
exhausting process, depending on which banks are involved. You may want
to think twice about considering entering into a short sale contract on
a property. There are plenty of nice deals to be had with much less
baggage attached.
It
used to be that the lender would accept less than what was owed and
write-off the rest. Now, most of the banks are going after the seller
for the remaining balance. Unless there is a major hardship that can be
proved, banks are trying their best to write-off less. With the help of
the recent 3/4% rate reduction by the Federal Reserve, adjustable rate
mortgage interest rates will fall and reduce the monthly payment for
those homeowners.
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TWO NEW MASSIVE CRUISE SHIPS
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 In
major expansion news, Disney Cruise Lines announced they will bring in
two new and mega cruise ships to Port Canaveral, Florida.
The contract guarantees a Disney presence at the port for the next 15 years.
"This is huge for this area in terms of jobs and the impact on
tourism," said Stan Payne, chief executive officer of Port Canaveral.
"The ships are 40 percent larger than the existing vessels and as for
the terminal, it comes at a time when there is very little construction
activity out there."
Full Story
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| NATIONAL EXISTING-HOME SALES RISE |
 Sales
of existing homes increased in February and remain within a fairly
stable range, according to the National Association of Realtors®.
Existing-home
sales - including single-family, townhomes, condominiums and co-ops -
rose 2.9 percent to a seasonally adjusted annual rate of 5.03 million
units in February from a pace of 4.89 million in January, but remain
23.8 percent below the 6.60 million-unit level in February 2007. The
sales pace has been in a fairly narrow range since last September.
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| FLORIDA DOMINATES |
 Florida dominates Forbes list of cleanest cities
The
Sunshine State took four of the top-10 metro slots on the Forbes.com
2008 list of "America's Cleanest Cities." According to the magazine,
clean water and air result from assertive steps by Florida's cities as
well as "the built-in advantage of weather patterns that blow out smog."
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DEAL OF THE WEEK
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$159,900
Bring Your Boat! Updated 2 bedroom 2 full baths in the Four Seasons with pool and Banana River views.
Updated kitchen includes recessed lighting and new cabinets and appliances. Electric hurricane shutters.
Private
1 car garage. Great central Cocoa Beach location - very close to
everything! Launch your boat from the private boat ramp and enjoy the
Florida lifestyle today! CLICK HERE
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BRAND NEW MYSTIC VISTAS CAPE CANAVERAL, FL
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$289,900
Best Price in Complex. You will be amazed when you see this huge floor plan. Steps to the ocean from private beach walks
RARE
3 bedroom, 2 bath, 1944 sq. ft. unit, wide wrap balcony w/north views
of the ocean. Granite counter tops, lots of tile, full appliance
package including washer & dryer, large laundry room, eat-in
kitchen with island and hurricane shutters.
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Customers deserve Real Estate Agents who will get the job done quickly and efficiently.
That's
what we're good at, going the extra mile and providing excellent
personal customer service combined with impeccable market knowledge.
Toll Free
(877) 611-7873
Jennifer McCoy
(321) 720-6654
Bobby Freeman
(321) 693-1694
Nikki McCoy Freeman
(321) 537-2291
Contact us
RE/MAX ELITE
142 N. Orlando Ave., Suite 300
Cocoa Beach, FL 32931 (map)
38 Suntree Place, Melbourne, FL 32940 (map) |
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McCoy-Freeman Group
RE/MAX ELITE
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Serving Florida's Space Coast
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