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Friday, October 07, 2011

Real Estate Market Activity for Zip Code 32940 for September 2011 – Suntree and Viera (Melbourne, Florida)

Here is a just facts summary of data captured from the Brevard MLS system today for the Brevard County Florida zip code 32940 which is primarily the Suntree, Pineda and Viera areas.  Data only represents residential listings - not condo.
  • Active listings in 32940 zip code - 270
  • Active short sale listings -25
  • Active foreclosure/REO listings - 7
  • Under contract/pending/contingent - 162
  • Short sales under contract/pending - 74
  • Residential units sold in September 2011- 43
  • Short sales sold in September - 10
  • Average days on market for short sales in September - 117
  • Average list price for short sales  - $139,911
  • Average selling price for short sales - $134,446
  • Average days on market all sales - 98
  • Average sales price all sales - $188,113
  • List/Sell Ratio - 96%
So how do short sales influence these averages?   The average selling price when you exclude the short sales is $203,887 – about a $15,000 increase – and the days on the market drops to 92 days.

Data presented is just a snap shot and, although accurate as of today, may change as listings are entered in MLS system.


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