Looking for something fun to do this weekend? Then visit downtown Cocoa Beach for the 48th annual Space Coast Art Festival featuring over 250 booths stationed along Minutemen Causeway and State Road A1A.
This year the artists will compete for their share of $40,000 in prize money. The real winners will be anyone that visits the free show! The weather in Cocoa Beach will be sunny, as usual, and highs in the mid 70s and lows in the 60s.
Artwork will be available for purchase. Entertainment includes music, children's activities and a food court.
Friday, November 25, 2011
Friday, November 18, 2011
Mr. Seller, I can't sell your home
Over a year and a half ago a seller called McCoy-Freeman Group wanting to list his home. He implied his current Realtor was not getting the job done and he needed a new approach. We pulled the listing history and noticed that 2 other Brokers had previously attempted to sell his Cocoa Beach home for over two years.
After pulling the 7 most recent comparable sales and taking a look at the current competition our analysis concluded the seller was priced about $70,000 over market value. We explained to him that even with the best marketing available his home would still be a challenge to sell. Also, we would find it very hard for the home to appraise if the potential buyer was in need of financing.
The seller told us that his home was superior to the 7 most recent comparable sales and used this reason to justify his $70,000 increase over the most recent sales. We then asked how many showings and offers he had received in the past year. He said he hadn't had any offers and only two showings which was the reason he was in hot pursuit of a new Realtor.
Finally the seller agreed to reduce his asking price by $10,000 but made it very clear to us that he would not go any lower because in his mind he would be "giving his home away".
After much discussion we chose to respectfully decline the listing. He then questioned as to why a Realtor would decline a listing especially a nice home on the Banana River.
He told us our marketing presentation was the best he had seen and that was what it was going to take to attract the right buyer.
We explained the expense that goes into our marketing and if a property is extremely overpriced it probably wouldn't even get showings not to mention a contract.
Fast forward 18 months later and low and behold the property is still for sale. It has since been reduced $20,000 and two Brokers later. Add the seller's carrying costs, about $30,000 for taxes, insurance, power, upkeep etc... and the seller will receive much less today compared to our price recommendation 18 months ago. Also, one must take into account the real estate market values have dropped about 10% since then.
If you are looking to sell give the McCoy-Freeman Group RE/MAX Elite a call. We will be happy to provide accurate information and a marketing campaign that is like no other. We have the sales numbers to prove what we are doing works in this challenging market.
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Thursday, November 3, 2011
Brevard County October 2011 Real Estate Market Report
Here are the facts according to the MLS. In general available properties for sale have decreased over 20% from this time last year. The number of closed residential sales increased 7.93% and closed condo sales increased 19.45% over last year.
This increase in closed sales and low inventory is now affecting sales prices. The average residential sales price increased 4.97% and 11.35% for condos.
We are seeing much more demand for condos along the beach especially in Cocoa Beach and Cape Canaveral. 2nd homeowners are finding good deals that allow them to rent their condo weekly/monthly and receive a good return on their investment. The best part is they now own a piece of Florida paradise!
If you are looking for a Realtor contact the McCoy-Freeman Group RE/MAX Elite, we have closed over $150 Million and have the experience/market knowledge to assist anyone.
Monday, October 31, 2011
How To Find The Best Florida Real Estate Deals
Want to conquer the challenges of finding the best Florida Real Estate deals? Contact the McCoy-Freeman Group RE/MAX ELITE at 321-720-6654 or visit www.BrevardRealtyConnection.com
Please watch our short video below.
Please watch our short video below.
Boeing to bring more jobs to the Florida Space Coast
Florida House of Representative Steve Crisafulli wrote the information below today on Facebook. Thanks for helping us out Mr. Crisafulli!
Today's announcement that Boeing will be building its commercial spacecraft at the Kennedy Space Center is great news! I am committed to attracting more commercial space jobs to our state - especially to the Space Coast!
Wednesday, October 26, 2011
Cocoa Beach FL Fall Festival
OUR SAVIOUR’S CHURCH FALL FESTIVAL
October 27-30, 2011
Rides, Games, Food & Fun for the entire family!
Across the street from the World Famous Cocoa Beach Pier.
Tuesday, October 4, 2011
Hot Condo Deals in Florida
Mystic Vistas in Cape Canaveral is a very popular gated complex with private beach assess and many amenities such as 4 pools, tennis & racquetball, clubhouse, gym w/ocean view and more.
There Are A Couple Bank-Owned Condos for sale that just hit the market.
Prices start at $199,900
For More Information Contact The McCoy-Freeman Group Specializing In Oceanfront Condo Sales In The Cocoa Beach And Cape Canaveral Florida Areas. 321-720-6654
The McCoy-Freeman Group RE/MAX ELITE is dedicated to providing a superior level of informed, professional real estate services to buyers and sellers in Brevard County, Florida. Call us today for all of your real estate needs... | |||
Sunday, July 24, 2011
Canadians Now Buying Florida Real Estate
Canadians Now Buying Florida Real Estate
More and more homes are being bought buy foreigns buyers especially from Canada and Japan. According to the Nation Association of Realtors, 31% of the state's home sales were purchased by foreigners. We are seeing this firsthand as many Canadians have contact us and purchased a piece of Florida paradise.
Between Port Canaveral and Cocoa Beach there were 72 residential sales compared to 54 last year (UP 33.3%) Average sales price up to $239,000 (6.2%). Condo/Townhouse sales 276 as compared to 255 (UP 8.2%)
Here are some deals this year:
Solana on the River in Cape Canaveral. This direct river condo originally sold for $405,000 then recently sold for $200,000.
A small one bedroom in Sand Reef recently sold for $25,000 - a huge discount from the original purchase price of $134,500 in 2006.
Solana on the River in Cape Canaveral. This direct river condo originally sold for $405,000 then recently sold for $200,000.
A small one bedroom in Sand Reef recently sold for $25,000 - a huge discount from the original purchase price of $134,500 in 2006.
A nice vacation/investment at popular Royal Mansion originally sold for $96,000. The original owner was asking $295,000 at the peak of the market.
On the luxury side, a fully furnished Michelina Condo in Cocoa Beach near world famous Cocoa Beach Pier sold for $440,000. The owner purchased it for $800,000 a few years ago.
For more information visit our website www.BrevardRealtyConnection.
Monday, May 23, 2011
Cocoa Beach Property Is Unique
 We all know the most important value in real estate is location, location & location. The real estate market has always rebounded first in the best locations. Cocoa Beach is truly a unique ocean community where someone can relax and own a part of the "Florida lifestyle". The proximity to Orlando International Airport and all the wonderful Attractions makes Cocoa Beach the ideal area for many new potential 2nd home buyers or retirees. Cocoa Beach real estate closed sales are at a 3 year high. The Cocoa Beach market is being fueled mostly by second home buyers wanting to enjoy the "fun n' the sun" here. We also believe that the weaker U.S. dollar has tempted Canadians, Europeans and others from around the world to take advantage of some great deals. Below are the closed sales from the last 3 years in Cocoa Beach & Brevard County. In 2009 Jan - April - 148 closed sales (2,433 in Brevard County) In 2010 Jan - April - 195 closed sales (2,578 in Brevard County) In 2011 Jan - April - 228 closed sales (3,014 in Brevard County) Closed prices are ranging from $17,000 for a one bedroom condo a couple blocks from the ocean to $1,175,000 for a Direct Ocean Penthouse which is the entire top floor of Ocean Estates in Cape Canaveral, McCoy-Freeman just happened to have represented this buyer who is now enjoying his Gorgeous Ocean Front 4 bedroom 3 1/2 bath, 4,617 sq. ft. very uniquely appointed unit. Many investors are purchasing property and receiving positive returns on their rental investments. Cocoa Beach and Cape Canaveral have proven track records for great potential rental income. Contact us today at 321-720-6654 or visit www.BrevardRealtyConnection.com and let's discuss how we can achieve your real estate goals in Florida. For more information on the Cocoa Beach area, please watch our short video - About Cocoa Beach Video |
Sunday, April 3, 2011
Hot Real Estate Sales and Fresh Cobia
Cocoa Beach Real Estate Sales and the Cobia fishing are both HOT right now - don't delay or they will both be gone!
Two Big Things In Our Favor, Cocoa Beach real estate and the cobia running.
Cocoa Beach real estate is in High demand. Our closed sales were up once again and the inventory is low.
For March we had 62 closings ranging from $17,000 to $1,175,000. 18 of the 62 closings were $100,000 or less.
In the luxury condo market McCoy-Freeman's buyer hooked a great deal on the entire top floor direct ocean penthouse at Ocean Estates in Cape Canaveral for $1,175,000. This 4,617 sq ft beauty has it all.... including a private elevator, elegant designer furnishings, and Beautiful 360 degree panoramic ocean views. The original owner paid $1,875,000 back in 2007 and added upgrades galore.
Two condos at the upscale Artesia in Cape Canaveral closed for $590,000 and $510,000. Another beautiful direct ocean upscale condo Michelina sold for $584,500.
An impressive home on one of widest deep water canals in central Cocoa Beach just sold for $650,000. This 4 bedroom 3 bath 2816 sq ft. pool home was upgraded and ready for the new owner to enjoy some fun Florida sun.
A 3/2 1686 top floor in the very popular Mystic Vistas closed for $390,000.
A two bedroom Ocean Mist in Cape Canaveral listed for $28,710 and closed for over the asking price at $36,100. This property had well over ten offers driving the final sales price much higher than the list price.
A two bedroom Ocean Mist in Cape Canaveral listed for $28,710 and closed for over the asking price at $36,100. This property had well over ten offers driving the final sales price much higher than the list price.
The top 8 of 10 sales over $400,000 in the Cocoa Beach area were cash transactions.
Below are the numbers to back it up....
In 2009 Jan - March - 98 closed sales (1,557 in Brevard County)
In 2010 Jan - March - 133 closed sales (1,602 in Brevard County)
In 2011 Jan - March - 159 closed sales (1,796 in Brevard County)
So the condo you see today may be gone just like the 57lb cobia my father-in-law, Captain Butch McCoy brought home for a delicious spring dinner.
March is usually the time of year when cobia migrate the clear waters off Cocoa Beach/Port Canaveral and are on their way to northern waters pursuing bait fish and their summer breeding grounds.
For those that don't know about cobia, it is a great tasting mild white fish. And if you are looking for more information about the Cocoa Beach area you may want to watch our short informative video. Feel free to call McCoy-Freeman Group, your local native connection for anything here in Brevard County.
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Saturday, March 26, 2011
Short Sales
Short Sales are the wave of the future, a competing agent says. But he doesn't know what he's doing. The RE/MAX agent, on the other hand, has already closed several Short Sales. Give a CDPE a call today RE/MAX Elite McCoy-Freeman Group 321-720-6654 and visit www.BrevardRealtyConnection.com
Monday, March 21, 2011
Florida Home and Condo Sales are up
Florida’s existing home and existing condo sales rose in February, according to the latest housing data released by Florida Realtors®. Existing home sales increased 13 percent last month with a total of 13,701 homes sold statewide compared to 12,164 homes sold in February 2010, according to Florida Realtors. February’s statewide sales of existing condos rose 29 percent compared to the previous year’s sales figure.
Seventeen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales in February; 18 MSAs had higher condo sales. It’s the third month in a row that Florida Realtors has reported higher year-over-year existing home and existing condo sales statewide.
In Florida’s year-to-year comparison for condos, 6,984 units sold statewide last month compared to 5,424 units in February 2010 for an increase of 29 percent. The statewide existing condo median sales price last month was $77,300; in February 2010 it was $90,400 for a 14 percent decrease. The national median existing condo price was $154,900 in January 2011, according to NAR.
© 2011 Florida Realtors
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