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Thursday, September 23, 2010

Brevard County Housing Market: Some Viera Florida Sellers and Real Estate Agents Overly Optimistic

Overly optimistic has been a trend lately - by real estate practitioners as well as sellers - even in the Viera Florida area.

The average days on the market is a measurement used to describe market activity.  But it is the average.

In Viera, Florida there are 84 single family houses that were listed between January 1 and April 30, 2010, which are still active on the market. The average days on the market is around 110 days - give or take a few days.  These have all been on the market much longer!

Even worse, there are 57 active listings that were placed on the market in 2009! There are 30% of the active listings in Viera and Suntree (Melbourne, Florida) that were listed before May 1, 2010.

How much has the value of these properties decreased while they sat....waiting?

When selling your house, be it in Viera, Suntree, or Rockledge, Florida, pricing is critical.  In a declining market, competitive pricing is key!

Call me to help you sell your Viera, Suntree or Rockledge, Florida house!   Gary L. Waters PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.

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