Interest in short sales and foreclosures (distressed properties) seems to always be present whenever I talk to someone considering buying a home in Brevard County, Florida.
The seemingly omnipresent expectation of great deals in foreclosures often puzzles me. This segment of the housing market does offer very attractive prices. Still, you get what you pay for!
Perfect or almost perfect does not usually show up in the distressed market and if it does – it moves fast! Still, single family homes in Brevard County are priced very attractively.
As of April 30 there are 2,195 single family homes for sale in Brevard County, Florida. Of these homes for sale 55% (1,199) are priced below $200,000. These include 386 short sales and 120 foreclosures which represent only 42% of the single family home availability.
As for price point, the majority of distressed homes on the market are listed below the $100,000 price (233 short sales, 82 foreclosures).
Are buyers primarily concentrating on the short sales and foreclosures?
On this last day of April 2012 about two of every three homes sold in Brevard County, Florida this month has been standard fair market sale.
For information on buying or selling a home in Brevard County, Florida, call me at 321-693-3850 or email me.