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Monday, April 23, 2018

Brevard County, Florida Real Estate Market Summary for March 2018

Presented below is the Brevard County, Florida real estate market summary for March 2018 as provided by the Space Coast Association of Realtors.

The Brevard County Residential Report for March 2018:
  • Closed Sales are up 2.9% for March 2018 in which the number of units closed was 935 compared to 909 in March 2017 with a decrease in cash sales of -14.7% compared to March 2017.
  • New Pending Sales are up 0.6%.
  • New Listings are up 7.1%.
  • The Median Sales Price for Brevard Single Family homes is up 18.6% to $230,000 compared to a year ago which was $194,000.
  • Months Supply of Inventory is up 12% to 2.8 months an increase from 2.5 months in 2018.
  • Traditional Sales are up 6.5% with a median sales price of $230,000.
  • Foreclosure/REO Sales are down -59.6% with a median sales price of $240,000.
  • Short Sale Closings are down -28.6% with a median sales price of $219,000. 
The Brevard County Condo and Townhouse Report for March 2018:
  • Closed Sales are up 24.4% for March 2018 in which the number of units closed was 316 compared to 254 in March 2017, with an increase in cash sales of 12.6% compared to March 2017.
  • New Pending Sales are up 5.8 %.
  • New Listings are up 15.5%.
  • Median Sales Price for Townhomes/Condos is up 6.7% to $160,000 compared to a year ago which was $150,000.
  • Months Supply of Inventory has decreased to 3.5 months in March 2018 from 3.6 months in March 2017.
  • Traditional Sales are up 26.5% with a median sales price of $160,000.
  • Foreclosure/REO Sales are down -44.4% with a median sales price of $105,018. 
  • Short Sale Closing statistics are not available as there were no short sales in March 2017 and one in March 2018.
For information on buying or selling a home in Melbourne, Florida including Viera/Suntree, please call me directly at  2-693-350 or send me an email.

Friday, April 13, 2018

Home For Sale - Melbourne, FL $145,000 (BELOW APPRAISAL)

The price on this home has been reduced from $160,000 to $145,000 which is below the recent appraisal.



This 1975 built two bedroom two bath two car garage concrete block home  located at 2644 Quebec Avenue in the Fountainhead subdivision in Melbourne, Florida.

The price reflects the updates needed to make this your perfect home but the bones are great!  With 1,316 square feet under air there is plenty of room for someone downsizing (or yet to up-size!).

The superb location is close to excellent schools including  Roy Allen Elementary and Eau Gallie High School as well as shopping and recreational venues.

Its easy access to major Melbourne employers via Wickham Boulevard is a welcome escape from traffic headaches during the morning commute! 

Beaches are only about 6 to 8 miles away as major routes such as I-95 and US 1.   Orlando is a short trip as well (about an hour!).

While there are some update requirements here, at $160,000 there will be money left to make the changes needed. 

The fenced yard,, screened porch, newer high efficiency air filtration Carrier AC unit are already in place.  The two car garage offers plenty of spec with laundry hookups including a tub sink.

Remember that the price reflects the condition!  This home needs updated kitchen/appliances and new flooring to start with!  But there is a lot of good here at $145,000.

Oh yeah... did I say no homeowner association?

Call me at 321-693-3850 or email me to schedule your showing today!

Thursday, April 12, 2018

Obstacles to Selling Your Melbourne, Florida House

Theoretically selling a house is a simple process.  But reality can be quite different.

When a Realtor (interpret this as me) meets  with a prospective seller there is a predictable exchange of information.

The most important question of all is "Why are you selling?"  The answer to this question will frame the entire conversation and , potentially, the transaction.

Sometimes the "Why" is simple...job transfer, up-sizing, down-sizing, retirement, etc.

Sometimes the "Why" is more complex... short sale, divorce process, death in the family, major illness, etc.

With an understanding of the "Why" it is easier to discuss the next most important issue.... price.

In an ideal world, all three of the following questions could have the same answer.
  1. What is your house worth?  
  2. How much do you want for it?   
  3. How much will it sell for? 
Most sellers believe that the answers to questions one and two are always regardless of the day or time!  

In theory they call on a local professional Realtor to answer number three.  

A local professional Realtor will perform a comparative market analysis.  A market analysis is just simply a comparison of apples to apples with adjustments made for real (as opposed to perceived) differences. 

Most often the comparative properties selected are from the same neighborhood and will share many of the same qualities (age, size/room count, construction materials, lot size, lot view/location, etc).  Additionally they will be normal, arm's length transactions.  

Based on analysis of customer goal, property and competition the local Realtor will prepare and present an individualize market plan including recommended price.   I often expect to get push-back from sellers who are overly optimistic.  It is up to the seller to accept or reject the plan.

Many times a seller will "accept" the plan of the surface and "reject" the plan later through a lack of corporation.

This lack of corporation maybe reflected in making an occupied home more difficult to show.  It may be rejected by  a failure to prepare the property and maintain in a show ready status.  It may be rejected through a "non-negotiation" stance when offers arrive.

agent@moving2brevard.comA good Realtor may take that rejection and walk away.

Many good Realtors will take the only benefit the listing will offer - prospective buyers who will purchase other homes.

Realtor's work for success - not participation.   

Taking an overpriced listing is a waste of time.  Taking a listing where the seller is passively rejecting the Realtor's efforts and plan is a waste of time. 

If you are ready to sell your Melbourne, Florida home, call me and lets talk.  If you prefer, send me an email.

Thursday, March 29, 2018

Brevard County, FL Real Estate Market Summary February 2018

Presented below is the Brevard County, Florida real estate market summary for February 2018 as provided by the Space Coast Association of Realtors.

The Brevard County Residential Report for February 2018:
  • Closed Sales are up 6.9% for February 2018 in which the number of units closed was 694 compared to 649 in February 2017 with a decrease in cash sales of -8.1% compared to February 2017.
  • New Pending Sales are up 2.7% and New Listings are up 9.1%.
  • The Median Sales Price for Brevard Single Family homes is up 12.2% to $230,000 compared to a year ago, which was $205,000.
  • Months Supply of Inventory is up 8% to 2.7 months, an increase from 2.5 months in 2017.
  • Traditional Sales are up 10.2%, with a median sales price of $232,000.
  • Foreclosure/REO Sales are down -38.7%, with a median sales price of $159,500.
  • Short Sale Closings are down -55.6%, with a median sales price of $203,500. 
The Brevard County Townhouses/Condos for February 2018:
  • Closed Sales are up 21.6% for February 2018 in which the number of units closed was 225 compared to 185 in February 2017, with an increase in cash sales of 26.6% compared to February 2017.
  • New Pending Sales are up 32.9% and New Listings are up 3.9%.
  • Median Sales Price for Townhomes/Condos is up 11.9% to $156,500 compared to a year ago, which was $139,900.
  • Months Supply of Inventory has decreased to 3.7 months in February 2018 from 3.9 months in February 2017.
  • Traditional Sales are up 24.4%, with a median sales price of $157,000.
  • Foreclosure/REO Sales are down -50% with a median sales price of $172,500. 
  • Short Sale Closing statistics are up 100%, with two sales in February 2018 with a median sales price of $146,000 and one sale in February 2017.
For information on buying or selling a home in Brevard County, Florida call me at 321-693-3850 or send me an email.

Tuesday, March 27, 2018

2 Bedroom 2 Bath 1 Car Garage Condo For Rent $1,250 - Available April 1 , 2018

Tenant currently in process of moving out of this two bedroom two bath one car garage condo located in Rockledge, Florida.   This property should be available as of April 1, 2018.

This 2007 built unit sis in the gated Jameson Place condo complex in Rockledge (off Murrell Road near the Viera border).  Its just a short drive to shopping, medical facilities, good schools and more!

With easy access to US1 and I-95 commuting anywhere in Brevard County is easy.  Beaches are about ten miles away as is Patrick Air Force Base.

The attached garage and entry is on the ground floor with the 1230 square foot living area all on the second floor.

This property will be owner managed once a lease is signed.

No smoking in unit.  No pets allowed by owner so please do not ask for an exception.
Move in requires first month rent plus one month rent security deposit.

Interior photos will be available as soon as access granted.

For more information send me an email.

agent@moving2brevard.com

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