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Wednesday, January 16, 2013

Where will the foreclosure opportunities be in Brevard County during 2013?

There were 344 residential foreclosures sold in Brevard County, Florida during the last quarter of 2012. 

Where were these residential foreclosure properties located in Brevard County?

Based on an arbitrary sectioning approximate percentages extracted from the Brevard MLS system show these REO properties sold during the October - December 2012 quarter.
  • Mims to Port St John – 16%  
  • Cocoa to Port St John – 14%
  • Rockledge to Melbourne (US 192) – 20%
  • Melbourne (US 192) to Palm Bay – 40% 
  • Merritt Island – 6%  
  • Beaches  – 4%
Currently there are 359 active REO / foreclosure listings in Brevard County (and another 254 under contract).

Where will the foreclosure opportunities be in Brevard County during 2013?  

I just read an article yesterday that listed Palm Bay as one of the areas with a predicted increase in 2013 

Looking at the numbers from last this may indeed be a correct prediction.

If you are encountering a situation where you can not manage your mortgage?  Call me to discuss the possibility of a short sale instead of a foreclosure.




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