Recently I was preparing comps for one of my listings and as to no surprise due to days on the market, we are overpriced. Price is still one of the most important factors if not the most important factor for selling in todays market. All we can do as a Real Estate agent is to show the seller the current comps that have sold. If serious then the seller should price their property at a very competitive price. We used to have the advantage of letting the market catch up with the price, unfortunately in todays market, the market will put us out of the price range entirely.
The 3 comps I found are non-waterfront homes in Cocoa Beach. These homes are priced $165,000, $169,000 and $198,900. 2 of these are short sales and one has a pool. They all have at least 3 bedrooms 2 baths and the higher priced home has 3 baths. All this means is at the present time you can buy on the beachside for the same as the mainland if you don't have to be on the water. One thing about Cocoa Beach is you are never far from the water.
Jim Bagwell
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