I was speaking with a broker this morning who was lamenting the lack of residential inventory in Brevard County, Florida.
It seems the days of buyers having lots of choices have left us and now buyers are finding themselves facing competition from other buyers (multiple offer situations).
As of October 5, there are only 109 single family homes for sale in zip code 32940 (Melbourne, Suntree and Viera). This does not include the homes for sale in the 55+ communities of Indian River Colony Club, Grand Isle and Heritage Isle.
List price of homes for sale in the 32940 zip code range from a low of $114,000 to the highest at $1,249,000. There must be something in that range which includes 1100 sq.ft. homes up to 6,800+ square feet to suit anyone looking to relocate to central Brevard County, Florida!
These include older homes to new construction with projected delivery dates in 2013.
During September 2012 there were 47 residential properties sold in zip code 32940.
The average selling price was just over $235,000 with sellers receiving an average of 95% of list price. Average days on the market was only 54 days…good news for sellers!
The median selling price in September was $225,000. Only eight properties sold in September had a selling price above $300,000.
For information on buying or selling a house or condo in zip code 32940 (Melbourne, Viera, Suntree), call me at 321-693-3850 or email me.