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Saturday, December 08, 2012

How many homes for sale in Brevard County, Florida are short sales?

I received a call this week from someone who wanted to know how many homes were for sale in Brevard County listed under $100,000. That was his budget and he was researching relocating his family to someplace in Florida.

There are 2,801 residential properties for sale in Brevard County as of today.  Of these 1,703 are priced above 100,000

The answer my caller was seeking on that particular day was 890 (893 today, December 8th).  That is about 40% of all active residential listing.

Then he wanted to know how many of these properties were short sales.  The answer as of today is 208 - less than 1 in 4 of the below $100K listings.

The residential market has shifted somewhat in Brevard County, Florida.   Of all the active listings in Brevard County less than 15% (394) are short sales.

In November 2012 there were only 59 short sales closed representing 10% of residential sales.   Almost half (29) of these properties sold for less than $100,000. 

So if you are in the market for a short sale in Brevard County, Florida, your choices are becoming more limited every day.

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