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Wednesday, August 24, 2016

Brevard County, Florida Condo Market Data July 2016 vs. July 2015

The below chart provides a comparison of July 2016 activity compared to July 2015 activity for condo and townhouse sales in Brevard County, Florida.

Unlike the residential market the condo inventory is higher in 2016 than the previous year.   While prices have increased over 2015 the increase is less dramatic than the single family market changes.

July 2016 Brevard County, Florida Residential Market Summary

The below chart provides a summary of the Brevard County Residential market for July 2016 compared to July 2015 as provided by the Spacecoast Realtors. 

The short version.... prices noticeably higher and inventory lower.  

Tuesday, August 23, 2016

Home For Sale - 897 Brunswick Lane in Rockledge, FL - $172,900

Located at 897 Brunswick Lane in Rockledge, Florida, this three bedroom two bathroom two car garage home is move in ready
With  about 1,338 square feet under air, this well maintained 1977 built three bedroom two bathroom two car garage home is back on the market this afternoon at $172,900. 

View the MLS entry for 897 Brunswick Lane, Rockledge (including photos and maps).   

The central location in Rockledge's Levitt Park subdivision, makes it easy to get around central Brevard County!  Parks, playgrounds, walking paths, excellent schools (public and private) nearby.   Public transportation easily accessible.

Its location near I-95 as well as US 1 make it an excellent location for commuters.  Orlando is only about 45 minutes away, Melbourne about 20 minutes and the beaches are only about 10-12 miles!

New Roof in 2015:  The asphalt shingle roof was just installed in September 2015 and both bathrooms have been remodeled.   The garage door and opener are recent as well as the interior doors and exterior paint.

The laundry room includes a tub sink as well as a newer washer and dryer which will remain with the house.   Hot water heater new 2016.

The fenced back yard offers a patio for your grilling, plenty of space to play in the sun and a covered screened porch when you just need to relax.

Also in the back yard you will find what the seller refers to as "The Little House."  Do you need that little extra space for a hobby or home office?  This 192 square foot concrete block trussed roof, air conditioned building offers lots of possibilities!

If you are considering buying a home in Rockledge, Florida, call or text me at 321-693-3850.  #movingtoflorida  
  • FHA and VA buyers welcome!  
  • First time buyers...ask me about the bond money available to help you buy your home!

Monday, August 22, 2016

Buying a Home in Florida: Can I Move In Early?

Sure, a buyer could move in early if the seller approves.  

However, there is always a..... 

But that move in would likely need to be in the form of a tenant-landlord relationship with specific lease terms in place.  I would also recommend having significant security deposits in place.

Buyers need to understand the seller is exposed to risks if they move in early.  There could be insurance issues.  Does the seller's policy cover the soon to be buyer's personal property?  Does the insurance cover the seller if someone moves in as a tenant?  The soon to be buyer's homeowner policy likely does not cover them in the pre-purchase phase.

I am not an attorney but, as a real estate broker, I always recommend against such arrangements.  For some of the reasons above and others.

After-all, when is a deal a deal?  When it has closed.  In the real world stuff happens...  lost jobs, family emergencies, illness or whatever.

Assuming the prospective buyer moves in early and does a final walk through prior to the early move in and then the HVAC fails or one of the appliances die?   Could a prospective buyer say they were not going to close until repaired or replaced?

And if the deal does go south (why do deals never go north?)....eviction can be a long process.

Again, I am not an attorney however I would recommend a seller discuss the question of an early move in with an attorney as well as their insurance carrier before responding.   Most real estate agents are not attorneys and should not be straying into this territory.

My advice.... follow the normal process.

Move in after closing

Considering buying a home in Melbourne, Florida?  Call or text me at 321-693-3850.

Image courtesy of arztsamui at

Wednesday, August 17, 2016

How Much House did $200,000 Buy in Brevard County, Florida in July 2016?

What did $200,000 purchase in Brevard County, Florida in July 2016? 

The below properties are selected sales as reported in the Brevard MLS system for homes closing in July 2016.

Note the actual sales price is reflected in parenthesis behind each house.  For this post $200,000 is "ballpark" as all homes sold between $199,000 and $202,000.

While the below sales were randomly selected by the writer the locations illustrate variations in price based on location (lower prices generally in northern and southern Brevard County and higher on Merritt Island and the closer to the ocean).  These properties are all single family detached structures. 

Viera/Suntree Area
  • 2169 Caledonia Place - 3 bedroom 2 bath 2 car garage 2001 built home with 1,600 sq.ft.  ($200,000).
  • 1461 Talamore Lane - 3 bedroom 2 bath 2 car garage 2000 built single family home with 1,600 sq.ft. ($200,000).
Rockledge Area
  • 974 Sabal Grove Drive - 1998 built 3 bedroom 2 bath 2 car garage pool home with 1,476 sq.ft. under air. ($199,000).
  • 1186 Bolle Circle - 2004 built 3 bedroom 2 bath 2 car garage home with 1,890 sq.ft. ($201,500).
Palm Shores/Pineda Area
  • 3565 Finch Drive - 1989 built 3 bedroom 2 bath 2 car garage pool home with 1,901 sq.ft. under air ($202,000). 
SE Palm Bay Area
  • 1079 SE Grandeur Street - 2016 built 3 bedroom 2bath 2 car garage home with 2,044 sq.ft. ($199,000).
  • 805 Morning Cove Circle, SE - 3 bedroom 2 bath 2 car garage home built in 2014 offering 1,982 sq.ft. under air. ($199,900).
N Satellite Beach Area
  • 116 Ocean Spray Avenue - 3 bedroom 2 bath 1 car garage 1,240 sq.ft single family home built in 1960 ($200,000).
Central Merritt Island Area
  • 131 Las Palmas - 1967 built single family home with 1,484 sq.ft. offering 4 bedroom 2 bath 2 car garage ($199,000).
Titusville/Mims Area
  • 1240 Carpenter Road North - 3 bedroom 2 bath 2 car garage 1989 built home with fireplace on 2.65 acre lot ($200,000).
The above properties are provided for general information only and the accuracy of selling price has not been audited.

For information on homes for sale in specific areas of Brevard County, Florida, please call or text me at 321-693-3850.

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