In Brevard County Florida the number of short sale residential properties (single family, condos, and townhouses) remains a large part of the Brevard County real estate market.
As August 2010 commences there are 971 residential short sale properties actively on the market in Brevard County. Of the total 7053 properties on the market, these short sales proprieties represent about 14% of the market.
How many properties are somewhere in the short sale process (contingent, pending, awaiting approval by lender)? Almost six hundred, exactly 580 houses, condos and town homes are in the purchase process.
How many short sales in Brevard County closed during July 2010? Exactly 65! The good news is that 55 of these closings were single family detached houses.
The short sale process is not the normal closing process. You may stumble on a short sale that closes in one or two months or you may still be awaiting a decision a year from now. Short sales require flexibility!
For information on short sale properties in Brevard County, Florida, call me or email me.
©Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.