You have plenty of options in Emerald Isles with a total of 37 active listings including nine 1 bedroom 1 bath units starting at $29,900 going all the way up to $129,000, five 2 bedroom 1 bath units starting at $34,600 going up to $54,900, twelve 2 bedroom 2 bath units starting at $39,900 going up to $60,000 and eleven 3 bedroom 3 bath units starting at $48,000 and going up to $74,990.
Over the past three months there have been a total of 9 sales in the community so with a 12.33 month inventory it is a strong buyers market. There have been a large amount of pre-foreclosure (short sale) and foreclosure activity so prices are way down. Of the two 1 bedroom units that have sold recently the median sales price is $37,850 and of the 7 two bedroom sales the median price has been $39,100.
Depending on your goals this is a great time to make a sweetheart deal. If this is for your primary residence your cost of living will be very realistic and if you are an investors the returns are fantastic. If you are looking to invest I have a complete pro-forma available showing you what type of returns you might expect. Just shoot me an e-mail and I will be happy to forward that information. Your best bet is a bank owned foreclosure but you have to be ready to act quickly; if you are an owner occupant paying cash you are in the best position during these negotiations.
The location is good situated between the Florida Turnpike and I-95 so freeway access is a snap and it is extremely convenient to downtown and the airport.
I truly hope this information is helpful and if I can add anything, or be of help in any way, please do not hesitate to give me a call.
Always at Your Service,
Tom Priester e-PRO
"Results Driven Real Estate"
Keller Williams Realty