About 39% of all real estate closings in Brevard County Florida during November 2010 were distressed properties - short sales and foreclosures.
As of today there have been 531 closings reported in the MLS system with 92 of these being short sales and 137 foreclosures. [Data gathered from Melbourne Realtor's MLS system December 2, 2010.]
The average selling price for short sales was $216,881. This includes condos, single family homes and town houses.
To illustrate the patience required with a short sale....the average number of days on the market was 208 days!
There were 137 foreclosed properties sold in November with an average selling price of $77,563.
The average days on the market for foreclosures was 60 days - an indicator that buyers will jump on opportunities!
Additional information on short sales and foreclosures in specific areas will be posted in the next couple of days.
For information on short sales and foreclosure proeprties on the market in Brevard County Florida, send me an email.
Gary L. Waters, PLLC, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.