BAY COLONY CLUB - REALTY REPORT AS OF 4/30/13

Total # 2 BR for sale:  12

High         $475,000

Low          $179,900
Median      $225,000

Sold 2 BR YTD:  7       LP/SP*         Days on Market
High         $225,000         97%                    114

Low          $170,000          88%                     15
Median    $200,000          92%                      81

Total # 1 BR for sale:  4

High      $229,900

Low       $138,100

Median  $147,400

Sold 1 BR YTD:  4        LP/SP*         Days on Market

High       $144,000                96%                 2                                                                          
Low        $110,000                92%                 5
Median   $127,500               94%                15       

*LP/SP = Sales Price divided by Listing Price, or what % of the listing price was actually paid.

Information provided by Margaret Matinale, Lic. Associate Broker, Galleria  International Realty, 954-298-2527, fax: 954-771-7367, email: margesells4u@yahoo.com

BAY COLONY CLUB CONDO - MAY 16 BOD MEETING

Board Members Present: DeFinis, Lauth, Pappas, Shelton, Zubko
Audience: About 30 owners (the usual) attending.

What Got Done?:

• Brown & Brown, the Associations insurance agency, gave a presentation.  (Primarily a pitch to BCC owners on Home Owners and boat insurance.)
• The Manager's report included a reference to "personal" landscaping, seeming to imply that anything not planted by the Association is doomed to destruction.  Also that "old, original plantings" would be replaced gradually with new plantings.  As usual, the new manager stated the mess inherited in the office would shortly be put right.
• Finance report was fairly sketchy because (due to new management and accounting firm) just received by the BOD.  Apparently about $20,000 over budget (water and payroll).  
• Screening Committee rejected two proposed leases.  Reasons unstated.  

Old Business

• Rules & Regulations of 2009 are ALL still in effect and will be enforced.  No additional pickups (now 3) or two wheel vehicles (# unknown) to be permitted beyond those now with bar code stickers.
• Seawall and dock repairs of a little over $16,000 were ratified.

New Business

• Pickups presently bar coded will have to park in front of the office or at Rec's after 11:00 PM and before 8:00 AM or they will be ticketed.  No parking during those hours in owner assigned or guest spots at residential buildings.
• Two wheel vehicles will have to be parked at bike racks 11:00 PM to 8:00 AM or they will be ticketed. No parking during those hours in owner assigned or guest spots at residential buildings.
• All Bar code stickers must be applied for at the office and must be applied by office staff. 

 Comments from Your Blogger

• Brown & Brown's representative was apparently incorrect when he stated condo owners are required to carry property insurance.  see:  http://www.insuringflorida.org/articles/condo-law-change-affects-insurance.html  Unless some bank requires you to insure as a condition of your mortgage, you can self insure.
• One hopes that the old, beautiful sea grapes are NOT among the original plantings to be sacrificed to "progress".
• Judicial rulings in Florida have invalidated condo prohibitions against pickup trucks.  See:  http://www.ccfjfoundation.net/courtdecpickup.html  Are we going to face another protracted, expensive legal battle?  (Woof)

For more detail on this BOD meeting, see Bev Houston's Informer at:
https://docs.google.com/file/d/0B5HHQLxes8EZdWh5S3hGdUw1c1E/edit