Sunday, February 8, 2009

"Deja Vu all over again"


Compliments of Yogi Berra

Back in the day as I was working my way through college I was an electrician apprentice with a company in Cocoa. One of the big projects was Diana Shores in Merritt Island. The corp. of engineers had finished the canals and homes were being built at a fast pace for the times, this was the late 1960’s. Our job was roughing out the homes prior to drywall. As the afternoon thunderstorms would roll in it would always be my job to go out and unplug the extension cords, needless to say I will never need anymore shock therapy which is probably good for everyone.

Then came the early 70’s and the music was not as good and the market went to hell. A lot of people made a lot of money because people had lost their jobs and had to sell their homes.

Now it is 2009 and it is déjà vu all over again. Diana Shores is a hot spot now with some fantastic buys with the opportunity to get built in equity.

On Feb 8 there are 21 active listings in Diana Shores priced from $169,900 to $845,000. There are lower priced homes that are not on the water and the upper priced homes are on direct Sykes Creek water. There are 12 homes that have sold in the last 3 months or are under contract.

This is a great neighborhood with great schools and convenient to everything.

The time is now.

Jim Bagwell

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