In looking at the recent real estate sales with the Melbourne Association of Realtors, it's interesting to see the number of homes recently sold and those that are for sale in various price ranges.
The breakdown is as follows:
Single family homes and condos, and townhouses sold in October 2009
up to $ 99,999 168
up to $199,999 144
up to $299,999 62
up to $399,999 21
up to $499,999 7
up to $549,999 1
up to $599,999 1
up to $999,999 0
$1,000,000+ 1
In looking at single family houses, condos and townhouses currently for sale in October 2009:
up to $ 99,999 940
up to $199,999 900
up to $299,999 590
up to $399,999 237
up to $499,999 135
up to $549,999 27
up to $599,999 53
up to $999,999 144
$1,000,000+ 86
The market is quite brisk in the up to $200.000 price range. However, when sale prices get up over $500,000 the market is currently stagnant in our area.
Sandy Shores REALTOR®, Melbourne/Palm Bay FL Real Estate
Brevard County, Florida's Space Coast Real Estate & Investing
I specialize in Residential, Investment & Relocations. I can help with Short Sales and Foreclosures.
I buy, sell, rent, own and manage Investment Property.
that for you
Sandy, what a beautiful picture you've used with your market report. It's good to hear that at least the homes below 200,000 are selling.
Have a Happy Thanksgiving.
Hi Sandy, I'm wondering when the market will begin to improve for those higher priced homes. We are seeing the same thing here.
Sandy
Thanks for the update.
Good luck and success.
Lou Ludwig
Irene, Thanks. We have so many beautiful spots here! We're tickled that houses are moving.
Hi Mary, I don't know. Those higher priced houses are just hanging there, stagnant. It will be interesting to see when they start selling. Right now primarily we are seeing first time buyers, investors, out of area buyers and international buyers and they all favor the under $200K range. Many in the over $200K range have something to sell first, before they can move up.
Hi Lou, Always nice to hear from you.