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Tuesday, August 10, 2010

Buying a house in Brevard County, Florida -Type of Sale and Location Matter

Brevard County Florida is a narrow sliver of land along central Florida's Atlantic coast. The price of real estate varies considerably in Brevard County with the prices at the extreme north (Titusville) and extreme south (Palm Bay) being the least expensive.  [I will write separately about the direct coastal property - more expensive!]

Here is a quick example of the difference location and type of sale can make on real estate in Brevard County, Florida.

The below chart shows seven houses that sold in July 2010.  The houses were all built between 2003 and 2010, approximately 1,900 sq ft under air with a two car garage.  The differences between a short sale and a foreclosure in Palm Bay is about 10% of the selling price. The difference between a standard sale and a short sale on the same street in Viera for the same model house - about $40,000!  Keep in mind there may be some condition variables that are not detailed.

If you are considering purchasing a house or condo in Brevard County, Florida, give me a call or drop me an email. I will be happy to provide  you with information on the local market - from Palm Bay northward to Titusville.

Gary L. Waters, PLLC, Realtor®, Century 21 Baytree Realty, Rockledge, Florida

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