OUR PROPERTY & COMMUNITY VIDEO TOURS
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 Watch the Space Shuttle Endeavour from the clubhouse at the Meridian Condo in Cocoa Beach
Click here to see our furnished town home for sale in popular Villages of Seaport
Watch our unique tour of Cocoa Beach traveling from Canada to Orlando International Airport, Cocoa Beach Golf Course & beyond
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LOOKING FOR FORECLOSURES?
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 Real
estate investing is a great moneymaking opportunity, and foreclosures
can be the most profitable way to invest in real estate.
If you are in the market for a great deal, then now is the time to capitalize on the growing number of foreclosures.
Contact us
today to be added to our Exclusive Foreclosure & Short Sale Buyer's
List. When we identify that perfect real estate deal, we will contact
you immediately.
Some of these properties are not advertised nor listed on MLS. The McCoy-Freeman Group knows how to find them.
Just let us know what type of property and price range you are looking for and we will do all the work for you for free.
We are typically compensated by the lenders to help them move their properties quickly.
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| 2007 vs 2008 SALES DATA |
 To
break down the recent real estate market sales data we examined all
sales in Cape Canaveral and Cocoa Beach from 5/13/07 - 11/13/07 and
5/13/08 - 11/13/08. This report will compare sales in these two
six-month periods.
In 2008 (last 6 months) there were a total of 246 closed sales compared to 236 for the same period in 2007 - a 5.6% increase.
There has been a notable decrease in the average price per square foot sold - see below.
Complex 2007 Sales 2008 Sales
Avg Price Per SF
Meridian 10/$348 6/$298
Mystic Vistas 4/$246 7/$168
Royal Mansions 3/$208 2/$204
Ocean Woods 4/$142 4/$145
Solana Lake 3/$185 1/$144
Stonewood 5/$342 4/$239
Ocean Estates 1/$406 1/$244
Shorewood 2/$220 6/$168
Solana on the River 2/$178 6/$133
Shorewood 2/$220 6/$168
According
to the latest Zillow Real Estate Market Reports, home values in Cocoa
Beach decreased -15.18% in the third quarter of 2008, compared to the
third quarter of 2007. Nationally, home values decreased -9.7% during
this same period.
Many people ask me if the market has reached a
bottom. The truth is that no one has a crystal ball and can exactly
predict the "bottom". The fact is pricing has returned, in many areas,
to a level where it is more affordable to buyers.
Source:
Brevard Multiple Listing Service. While data is believed to be
accurate, not all property sales are recorded in the MLS. For instance,
there have been many additional develpor sales in Mystic Vistas that
have not been recorded in MLS.
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HOME SALES GATHER STRENGTH
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 Brevard County's
housing market roared back to life in September, with single-family
home sales jumping 41 percent and condominium sales rising 55 percent
compared to a year ago.
The numbers should provide some
respite from what's been a continuous stream of sour news about the
nation's housing market and limited access to credit, economists said.
"This
is a clear sign that the significant price declines that have occurred
across the state are leading to a more rapid absorption of the housing
inventory," said Sean Snaith, economist and director of the University
of Central Florida Institute for Economic Competitiveness.
Click here for Florida Today article
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COASTAL CONDO MAGAZINE ONLINE EDITION
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Want to know the benefits of condo ownership? Read a recent article
published in the latest edition of Coastal Condo Magazine on condo life
at the Meridian Condo in Cocoa Beach, Florida.
Jennifer McCoy
of RE/MAX Elite's McCoy-Freeman Group describes how her busy real
estate schedule works best for hassle-free condo living.
Click here for the online edition and click to page 70. If you would like a complementary issue in print just email us your home mailing address.
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HOUSING AFFORDABILITY
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 There's an upside to everything, and the upside to falling home prices is greater affordability.
According
to National Association of Home Builders/Wells Fargo Housing
Opportunity Index (HOI), median-income families could afford 56.1
percent of recent home sales, compared to only 40.4 percent that could
do so at the peak of the housing boom.
According to the third-quarter HOI readings, 56.1 percent of all new
and existing homes sold were affordable to families earning the
national median income of $61,500 - far more than the 40.4 percent of
families who could afford homes at the peak of the housing boom.
"If there is a silver lining to this crisis, it would be that some
housing markets have become more affordable with a larger inventory to
choose from," said NAHB Chairman Sandy Dunn. "But this is undeniably a
crisis and Congress needs to act on housing stimulus to get the market
moving again."
Source: 2008 FLORIDA ASSOCIATION OF REALTORS
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IRISH TIMES ARTICLE
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 It was interesting to see one of our blogs posted and printed in the Irish Times about the U.S. Housing Collapse.
Read the full story
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DEAL OF THE WEEK
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$149,900
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BEACH RETREAT
Royal Mansions
"Fun in the Sun"
A Piece of Florida Paradise is waiting for you here at Royal Mansions in Cape Canaveral.
This
beautiful and updated 1 bedroom and 1 bath furnished unit with full
kitchen, newer A/C, new refrigerator, new dishwasher, & more!
Sleeps 4 comfortably! This direct ocean complex features a heated pool,
private beach access, barbeque and clubhouse.
Weekly rentals and on site property management available.
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Space Coast Medicine & Healty Living is your go-to source for comprehensive health, medical and fitness information on Florida's Space Coast
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LUXURIOUS DIRECT OCEAN CONDO
CARLYLE COCOA BEACH
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$910,000
2465 S ATLANTIC AVE
3 Bedroom 3 1/2 Bath
2,900 sq. ft.
DIRECT OCEAN with water views from every room, ocean to the east, Banana River views to the west, Sunrises and Sunsets!
4th
floor SE Corner unit has barely been lived in and shows like a model!
Step into 2900 sq. ft. of spacious living with Tumbled Marble and
Bamboo flooring, Custom window treatments and decor, Gourmet kitchen
with solid wood cabinetry, granite countertops and more!
Click for detailed information
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RE/MAX ELITE
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Your Ambassadors of Space Coast Real Estate
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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) 452-3884
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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