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Saturday, May 28, 2016

Memorial Day and Other Things That Matter "At the Time."

I was in the grocery store last night and the hotdogs and buns were selling like mad.  Well, maybe mad is a bit dramatic.

Anyway, it was clear to see everyone was planning a cookout.  Memorial Day weekend is the unofficial start of summer.  It is when school is out (or soon to be).   But lets not forget the real reason it is on the calendar - to honor those who gave their all in service to this country.

I am sure that, at the the time, those left behind wondered if their loved one's sacrifice was worth it.  I am sure there were questions - at the time.

"At the time" reality is often not in clear focus.

There are some things in life that appear to be important - at the time

If you are over about fifteen years old you can think back on a few times that were devastating - at the time.  And then there were the good times when you thought nothing could ever be better - at the time.

And then, as the years rapidly go by, you hopefully realize that the things that are really important can be put on a short list.

My current list is not that long - family, spiritual and physical health, shelter, food.

Amazingly many of the things that appeared to be important - at the time - have faded from the list.

Friends who long ago took a separate path.  Jobs and promotions - including the ones that never materialized.  Perfect houses and perfect neighborhoods.  

That now classic, at the time,  new car.


This week I welcomed a new grandson... an addition to my important list.

While he may never know those who are honored on Memorial Day it is my hope that he will live in a time that never forgets the sacrifices so many have made at the time it was needed.

Image courtesy of vectorolie at FreeDigitalPhotos.net

Wednesday, May 25, 2016

Preparing to Sell Your Home: Pre-List Efforts Pay!

In a market where the prices are rising slowly and appraisals can sometimes be challenging.  In such a market some sellers wonder if a  pre-listing appraisal will help them. 

I have never suggested a pre-listing appraisal while on a listing appointment.   While an appraisal does consider what has sold it does not evaluate and advise based on current competition. 

A seller needs to set their price based on the current competition, listing prices and recent sold properties. 

However, an appraisal only considers sold properties.  And these sold properties may have gone under contract two or more months ago.  Now if there was  a major difference in my comps and the seller's thinking then I may invite the appraisal.

Sellers should be confident that a local real estate agent can provide a market analysis to establish the price point.  Of course, it is the seller's job to accept, reject or recommend a different listing price.  Most often, sellers go with their professional as that is why they hired them!

Pre-listing inspections can very often help a great deal.  Many times a seller will be confident their home is in excellent condition.  Still, most sellers have never been on the roof, in the attic or tested the appliances for efficiency and function.  This is especially true when it comes to an older house.

Preparation is key.  That is something I always recommend. 

I showed a house last week that has been on the market for almost a month.  It was beyond awful.  The pet smells, the filth, the kitchen...I do not know where to begin.

Will the prospective buyers go back or even keep it on their short list?  I know the answer...No!

Sellers have only one chance to make the cut!  That is true even in a seller's market like Brevard County, Florida.

Friday, May 20, 2016

Sunset Bay Condos in Merritt Island, Florida - Market Update May 2016

Sunset Bay Condos in Merritt Island, Florida (Brevard County) offer residents a gated waterfront community with a resort feel.  

This gated complex, built in 1986, has its own riverfront dock with water access, a huge pool, fitness center, clubhouse, hot tub, tennis courts and more.  

And with association dues starting at just over $200 a month offers some attractive prices for condo ownership in Florida!  Association dues are just over $200 a month for one bedroom units and in the $400/month range for larger units. 

What is for sale at Sunset Bay?

There was a time not too many years ago where there were lots of units for sale including foreclosures and short sales.  But the real estate scenery in Brevard County, Florid has changed!

Currently there are only two condo units for sale in Sunset Bay in Merritt Island, Florida.  Both of these are standard sales and tend toward the larger units available in the complex where the the units range from about 500 sq.ft. to about 1,200 sq.ft. under air.   Both of these are two bedroom two bath standard sales with list prices ranging from $89,900 to $119,000.  The higher priced unit is closer to the pool with a better view.... always about location!

What has recently sold in Sunset bay?

Over the previous six months there have been seven sales in Sunset Bay as reported in the Brevard MLS system.   All of these sales were standard sales.

Selling prices ranged from $59,900 to $84,900.  While the range of selling prices seems large a closer review reveals six of the sales were closed in a narrow price range ($59,900 and $65,000).   

agent@moving2brevard.com
Also size matters...four of these units were one bedroom and one bathroom units.  The highest priced sale was similar to the current listings (2 bedroom 2 bath with 1,155 sq.ft. under air).

For information on condos for sale in Merritt Island, call or text me at 321-693-3850. 



Thursday, May 19, 2016

Brevard County, Florida Residential Real Estate Market Summary April 2016

Below is a summary of the Brevard County residential market for April 2016 compared to April 2015 as provided by the Florida Realtors.. 
  • Closed Sales - decreased 3.6% in April 2016 with 881 units closed compared to 914 in April 2015.
  • Cash Sales - dropped 14.2% compared to April 2015.
  • New Pending Sales - down 20.5%.
  • New Listings - up 4.9%
  • Median Sales Price for Brevard Single Family homes - up 16.1% to $179,900 compared to a year ago which was $155,000.
  • Months Supply of Inventory - up 3.4% at 3 months vs. 2.9 months last year.
  • Traditional Sales - increased 11.8% with a median sales price of $185,000.
  • Foreclosure/REO Sales - down 59.2% with a median sales price of $112,143.
  • Short Sale Closings - down 53.8% with a median sales price of $83,000.
For information on buying a home in Florida call or text me at 321-693-3850. 

agent@moving2brevard.com

Brevard County, Florida Condo Market Summary Report April 2016

This is a summary of the Brevard County, Florida townhouse and condo market for April 2016 compared to April 2015 as provided by the Florida Realtors. 

The condensed version....prices about the same with fewer distressed sales.
  • Closed Sales - increased  8.4% for April 2016  with 257 units closed compared to 237 in April 2015.
  • Cash Sales - decreased  6.8% vs. to April 2015.
  • New Pending Sales - decreased 11.6%.
  • New Listings - up 13.7%
  • Median Sales Price for Townhomes/Condos - remained the same at $140,000.
  • Months Supply of Inventory - dropped 2.3% to 4.2 months compared to 4.3 months in April 2015.
  • Traditional Sales - climbed 21.6% with a median sales price of $147,500.
  • Foreclosure/REO Sales - dropped 61.8% with a median sales price of $69,500.
  • Short Sale Closings - down 50.0%, with a median sales price of $109,000.
For information on buying a condo in Florida, call or text me at 321-693-3850.
 
 
agent@moving2brevard.com

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