The first chart below provides a summary of the composition of the active residential real estate market by type of sale for the 32940 zip code (Melbourne, Florida including Suntree and Viera) in 2011 as of November 24, 2011.
If one is looking to purchase a short sale or foreclosure home in zip code 32940, the choices are limited. The below percentages are based on a total of 234 residential listings.
The below chart reflects the residential properties sold in zip code 32940 in 2011 by sale type. Although public opinion is everything is a short sale or foreclosure, these numbers (529 year to date sales) show the real story - almost three of every four sales in zip code 32940 are standard sales.
Special thanks for your assistance, S.S.