According to the Melbourne Association of REALTORS® statistics are as follows:
There are:
4847 residential listings for sale
1592 rental listings available
1462 condos for sale
394 townhouses for sale
124 income producing properties for sale
2602 vacant parcels for sale
For all properties, including single family residential, condo and townhouse:
There were a total of 921 new listings.
There were 232 sold listings.
Average sales price was $175,414.
Average days on the market were 124.
For January 2010 for single family residential units:
There were 653 new listings.
This is a decrease of 5.64% from January 2009 of 692 new listings.
There were 189 sold listings.
This is an 11.27% decrease from January 2009 of 213 sold listings.
The average sale price in January 2010 was $147,942.
This is a decrease of 3.69% from January 2009 of $153,613.
Average days on the market were 113, a 5.61% increase from January 2009 of 107 days.
Types of financing used for single family, condos, and townhouses:
69 conventional financing
131 cash
41 FHA
7 VA
0 Exchanges
4 Owner financing
Sandy Shores REALTOR®, Melbourne/Palm Bay FL Real Estate
Brevard County, Florida's Space Coast Real Estate & Investing
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Interesting stats Sandy. Similar percentages to ours, but we're seeing an increase in inventory from the past few months.
Hi Sandy, I love the photograph. I'm surprised by the number of rental units available, is that typical for your area?
Gabe, It is interesting to see the differences and the similarities in our areas here in Florida.
Mary, No, this is a large amount of rental units for our area. In the past 10 years we have had over 40,000 houses built in our area. Nany of these are empty. These combined with people moving into together has our market full of rental properteis. There is currently alot of inventory.