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Saturday, April 04, 2009

Market Report Phillips Landing, Rockledge, Florida

I just posted an update on Phillips Landing in Rockledge just a couple of weeks ago. As of today, April 4, 2009, I wanted to give another update as the property seems to be moving.

There are now only 7 active listings in Phillips Landing. The active listing prices range from 155,000 to $239,900. Most of the active listings (5) are under $190,000.

There are 13 properties under contract. And, of the 13 under contract, 8 of the properties are short sales.

It seems like buyers are snapping up the short sales. This is a good sign for sellers as the fewer short sales, the greater the chance prices will be stable if not climbing. Of course, it could be the fact that the interest rates are at historical lows!

If you would like information on Phillips Landing in Rockledge, Florida, please let me know. Gary Waters, Century 21 Baytree Realty, Rockledge, Florida. Call me at 321-693-3850 or email me at agent@moving2brevard.com.

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