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Saturday, April 09, 2011

Home Buyer Tip: Selling Prices are Predictable

When one decides to purchase a home in Brevard County, Florida (or any other place) there is one thing that they (through their real estate agent) should know upfront.

Selling prices are predictable within a given range and the same house can vary considerably based on location.

This will help a buyer make a major decision as to which is more important getting more house or less house in a different location. 

For example, the below properties are 2005-2010 built, concrete block stucco homes with 4 bedrooms two baths and two car garages (pretty typical in Brevard County).

Looking at the selling prices (all within past 3-5 months) and you can see variances based simply on location.

In Titusville:/Mims:
  • 767 Mason Drive 4/2/2 built in 2007, 1865 sq.ft.,  $76,000 
  • 699 Macon Drive 4/2/2 built in 2005, 1865 sq.ft., $75,000 
  • 4005 Barr Lane 4/2/2 1893 sq.ft. built in 2006, $112,000
In Melbourne:
  • 2093 Dryden CT 4/2/2  built in 2006,  1865 sq.ft., $135,000
In Rockledge:
  • 2320 Bridgeport Circle 4/2/2, 1866 sq.ft. built in 2005, $143,000 
  • 3603 Garrett Dr, 4/2/2 built in 2010, 1855 sq.ft. (with pool added by builder),  $174,950
In Viera: 
  • 6137 Indigo Crossing Dr, 4/2/2 1,911 sq.ft., built in 2006, $150,000  
  • 6007 Indigo Crossing Dr, 4/2/2 1,911 sq.ft., built in 2006, $160,000
  • 1183 Becket Place, 4/2/2, 1855 sq.ft., built in 2009,$184,950
In Palm Bay: 
  • 1055 SR Towhlen St., 4/2/2, 1942 sq.ft., built in 2006, $91,500 
  • 325 SW Wishing Well Circle, 4/2/2 1900 sq ft, built in 2010, $150,560
There are a lot of other factors which help one decide where to buy a home (schools, commute times, nearby family and friends, church, location of medical facilities, etc) but we all know price is the major consideration!  Finding a home that balances the most important of these factors is key!

When you are ready to buy or sell in Brevard County, Florida, call me directly at 321-693-3850 or email me.


NOTE: SOME OF THESE WERE REO/FORECLOSURES, STANDARD SALES, SHORT SALES SO THIS IS NOT AN EXACT APPLES TO APPLES COMPARISON!

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