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Sunday, April 05, 2009

Brevard County Short Sale Market in March 2009

Short sale opportunities continue to be plentiful in the Brevard County Florida real estate market!

As of the end of March 2009, there are 1,132 residential listings that are identified as “short sales.” [Short sales are listings where the probable selling price will be less than the mortgage and will require bank/lender approval of any accepted offer.]

Although there are over a thousand active short sale listings that does not mean there are none moving. Because the approval process may take a couple of months or longer the number of listings under contract awaiting approval is about 540!

So, how many actually closed in March 2009? Drum roll, please….86!

As a fulltime real estate agent in the central Brevard County area, I always like to point out the activity in my “back yard.”

In Viera, there was 8 closings in March, 56 active listings and 45 under contract awaiting a decision or closing. In Suntree there was 1 closing in March 12 active listings and 7 under contract. The Rockledge area has 34 active and 23 under contract.

Finally, I want to mention the area around Pineda Causeway, especially Grand Haven. I have been doing a lot of price opinions recently in Grand Haven. In the area there are 14 active listings (primarily Grand Haven), 8 under contract and 4 that sold in March!

If you are interested in the short sale market in Brevard County, please drop me an email to agent@moving2brevard.com or call me at 321-693-3850. Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.

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