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Monday, February 09, 2009

Brevard County Housing Inventory….and other tidbits!

It was not that long ago that the inventory of single family homes for sale in Brevard County, Florida was above 8000. The morning’s inventory number when I logged into the Brevard MLS system was less that 6000.

Inventory Feb11I monitor daily activity but I had not noticed the drop under 6K! What is on the market? Here is a snapshot:

That is still a lot of competition. Here are a couple of Monday morning opinions

  • Saw an article over the weekend that said only a small percentage of homes that have foreclosure filings actually get foreclosed. Seems the process is bogged down and many are being sold as short sales or “redeemed” by the owner before the actual sale.
  • Noticed some new listings over the past few week…some are still not getting it! The prices will get reduced before they sell!
  • Some of the recent sales prices for vacant land sure is low…compared to the days of optimism and greed (yep – my opinion only).

Need a professional real estate agent, give me a call. Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida, proudly serving buyers, sellers and renters in the central Brevard communities of Viera, Suntree, Rockledge, Grand Haven, and Cocoa.

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