According to the Melbourne Association of REALTORS® statistics are as follows:
There are:
4879 residential listings for sale
1528 rental listings available
1498 condos for sale
376 townhouses for sale
117 income producing properties for sale
2582 vacant parcels for sale
For all properties, including single family residential, condo, townhouse and vacant lots:
There were a total of 937 new listings.
There were 291 sold listings.
Average sales price was $142,127.
Highest price sold was $1,825,000.
Lowest price sold was $ 3,350.
Average days on the market were 148.
For February 2010 for single family residential units:
There were 642 new listings.
This is an increase of 15.68% from February 2009 of 555 new listings.
There were 228 sold listings.
This is an 14.61% decrease from February 2009 of 267 sold listings.
The average sale price in February 2010 was $137,888.
This is a decrease of 7.74% from February 2009 of $149,548.
Average days on the market were 131, a 24.76% increase from February 2009 of 105 days.
Types of financing used for single family, condos, and townhouses:
67 conventional financing
142 cash
55 FHA
13 VA
0 Exchanges
2 Owner financing
Sandy Shores REALTOR®, Melbourne/Palm Bay FL Real Estate
Brevard County Real Estate and Investing
I specialize in Residential, Investment & Relocations.
We have a team of professionals that can facilitate your Short Sale.
I buy, sell, rent, own and manage Investment Property.
that for you
I am always surprised by the number of cash buyers you have in your county...
I hope you're having a great weekend!
Paul
Paul, Over the past several years there has been a lot of money coming into our county. A lot of investors have gotten back into the market, and are buying cash only properties and international buyers are bringing cash to the area.
Sandy
Thanks for sharing the market update for Brevard County Florida.
Good luck and success.
Lou Ludwig
Interesting Sandy. I'm surprised sales slowed a bit from last year. I knew inventory would be up. And for Paul, we're getting more cash buyers in Florida because of the difficulty in financing many properties.
Sandy, it looks like sales are going well in Brevard County. Nice format for your market report, easy to read! Lots of info for your buyers in Brevard!
Lou, You're welcome. Trying to get the word out on the stats on our area.
Gabe, When I looked at the numbers I was a bit surprised that sales were down a bit, also. But, it is getting harder to get financing, ,many of the homes do not qualify for financing. And we have seen that the over $150K priced properties have slowed.
Caren, Thanks, it's always interesting to see the comparisons between this year and last year.