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absorption rates: How long will it take REAL ESTATE IN TITUSVILLE FL to sell - 3/11/10 - 03/11/10 04:01 PM
Market Report Titusville FL March 11, 2010 - With Absorption Rate
This is a short report which covers all of Titusville - MLS areas 102, 103 and 104 starting near HWY 46 to Kings HWY on the south end.
I do specific reports on each of the MLS areas separately as the dynamics are different for each MLS area.
There are currently 643 active listings in TitusvilleThere are currently 130 properties under contractThere have been 293 closings in the past 6 months
There are a few less listings than the last report and fewer properties are under contract. Number of closings in the past 6 months has … (13 comments)
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absorption rates: How long will it take REAL ESTATE IN TITUSVILLE FL to sell - 6/4/09 - 06/04/09 10:13 AM
Market Report Titusville FL 6/4/09 - With Absorption Rate
This is a short report which covers all of Titusville - MLS areas 102, 103 and 104 starting near HWY 46 to Kings HWY on the south end.
I do specific reports on each of the MLS areas separately as the dynamics are different for each MLS area.
There are currently 677 active listings in TitusvilleThere are currently 145 properties under contractThere have been 260 closings in the past 6 months
Yes, there are fewer listings than the last report and more properties are under contract. Number of closings in the past 6 months has also improved.
ABSORPTION … (9 comments)
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absorption rates: How long will it take REAL ESTATE IN TITUSVILLE FL to sell - 4/6/09 - 04/06/09 01:33 PM
Market Report Titusville FL 4/6/09 - With Absorption Rate This is a short report which covers all of Titusville - MLS areas 102, 103 and 104 starting near HWY 46 to Kings HWY on the south end.
I do specific reports on each of the MLS areas separately as the dynamics are different for each MLS area.
There are currently 706 activelistings in TitusvilleThere are currently 116 properties under contractThere have been 244 closings in the past 6 months
There are fewer listings than the last report and more properties are under contract. Number of closings in the past 6 months remains virtually unchanged.
ABSORPTION RATE
Simply stated … (5 comments)
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absorption rates: How Long Will It Take REAL ESTATE IN TITUSVILLE FL To Sell - 11/6/08 - 11/06/08 09:23 AM
This report covers all of Titusville - MLS areas 102, 103 and 104 starting near HWY 46 to Kings HWY on the south end. Let's see how it compares to the last report I researched on Sept 6th. As you can see from these numbers, there are more REO's (bank owned) closing than short sales (pre-foreclosure).
There are currently 795 activelistings in Titusville119 short sales - 61 REO's
There are currently 73 properties under contract21 short sales - 18 REO'sThere have been 377 closings this year19 short sales - 62 REO'sThere have been 230 closings in the past 6 months11 short sales - 47 REO'sSimply stated it will … (6 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - Nov 4, 2008 - 11/04/08 02:15 PM
MLS Area 104 - State Road 50 (Cheney Hwy) to Kings Hwy - Nov 4, 2008
109 active listings priced from $66,500 to $749,000 *15 short sales 5 REO's (bank owned)23 properties are under contract ranging in price from $72,500 to $875,000*3 short sales are under contract 3 REO's
64 houses have closed since January 1, 2008*6 were short sales 7 were REO's42 houses have closed in the past 6 months (used for Absorption Rate)*4 short sales closed in past 6 months 6 REO's have closed in the past 6 months
The Absorption Rate Formula would indicate the market taking 15.57 months to absorb the current inventory of homes … (2 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 103) - Nov 4, 2008 - 11/04/08 01:54 PM
MLS Area 103 - Garden St. to S.R. 50 (Cheney Highway) - Titusville FL Nov 4, 2008
This is the third market report for this area. If your listing is in MLS 103 you will have to be patient and work with your agent to get the pricing right. Read on for absorption rates, there's not been much improvement.
In MLS Area 103 Currently there are:
477 active listings priced from $11,000 - $1,100,000125 listed from $ 19,900 - $100,000 205 listed from $100,001 - $200,000 59 listed from $200,001 - $300,000 42 listed from $300,001 - $400,000 16 listed from $400,001 - $500,000 17 listed from $500,001 - … (0 comments)
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absorption rates: Real Estate Market Report & Absorption Rates - Titusville FL (MLS Area 102) - Nov 4, 2008 - 11/04/08 01:17 PM
MLS Area 102 - State Road 46 to Garden St. - Titusville FL - Nov 4, 2008
201 active listings priced from $39,900 to $695,000 *31 short sales 23 REO's17 properties are under contract ranging in price from $39,900 to $199,900. Judgingby the contract date on the MLS 1or 2 of these appears to be lease/purchase.*6 short sales are under contract 6 REO's are under contract
114 houses have closed since January 1, 2008 70 houses have closed in the past 6 months (used for Absorption Rate)*0 short sales have closed in past 6 months 1 short sale has closed in 2008 18 REO's have closed in the past 6 … (0 comments)
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absorption rates: MARKET ABSORPTION RATE FORMULA - Do it the Easy Way - 09/20/08 02:02 PM
A lot of people seem intimidated by the absorption rate which is used to determine how long it might take real estate in a given area to sell. Below is the formula I usewhich comes right out of the relocation industry. Typically the number of sales in a 6 month time frame is used along with the number of active listings in a market area. Here's the formula, after trying it a few times, you'll wonder what all the hoop-la is all about.INVENTORY
The total number of houses for sale within a defined market area
ABSORPTION RATE
The rate … (8 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 102) - Sept 20, 2008 - 09/20/08 11:55 AM
MLS Area 102 - State Road 46 to Garden St. - Titusville FL - Sept. 20, 2008
210 active listings priced from $48,900 to $695,000 *26 short sales20 properties are under contract ranging in price from $64,900 to $199,900. Judgingby the contract date on the MLS 1 of these appears to be a lease/purchase.*4 short sales are under contract
99 houses have closed since January 1, 200873 houses have closed in the past 6 months (used for Absorption Rate)*0 short sales closed in past 6 months
The Absorption Rate Formula would indicate the market taking 17.26 months to absorb the current inventory of homes in MLS Area 102. However if I … (0 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 103) - Sept 20, 2008 - 09/20/08 11:04 AM
MLS Area 103 - Garden St. to S.R. 50 (Cheney Highway) - Titusville FL
This is the second market report for this area. If your listing is in MLS 103 you will have to be patient and work with your agent to get the pricing right. Read on for absorption rates, there has not been an improvement.
In MLS Area 103 Currently there are:
501 active listings priced from $19,900 - $976,500 120 listed from $ 19,900 - $100,000 219 listed from $104,900 - $200,000 68 listed from $205,000 - $300,000 42 listed from $309,900 - $400,000 20 listed from $414,900 - $500,000 21 listed from $525,000 … (0 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - Sept 20, 2008 - 09/20/08 10:20 AM
MLS Area 104 - State Road 50 (Cheney Hwy) to Kings Hwy - Sept. 20, 2008
114 active listings priced from $64,900 to $699,900 *11 short sales15 properties are under contract ranging in price from $85,900 to $1,250,000. Judgingby the contract dates on the MLS 3 of these appear to be lease/purchases.*3 short sales are under contract
55 houses have closed since January 1, 200843 houses have closed in the past 6 months (used for Absorption Rate)*4 short sales closed in past 6 months
The Absorption Rate Formula would indicate the market taking 15.90 months to absorb the current inventory of homes in MLS Area 104. … (0 comments)
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absorption rates: How long will it take REAL ESTATE IN TITUSVILLE FL to sell - 9/6/08 - 09/06/08 10:08 AM
This report covers all of Titusville - MLS areas 102, 103 and 104 starting near HWY 46 to Kings HWY on the south end. Let's see how it compares to the last report I researched on July 29th. With summer winding down and the kids back in school, things have picked up a lot!!!
There are currently 817 active listings in TitusvilleThere are currently 71 properties under contractThere have been 240 closings in the past 6 months
Simply stated it will take 20.43 months to absorb the inventory of properties for sale at the current levels. This is an improvement, a small one yes, … (6 comments)
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absorption rates: How long will it take REAL ESTATE IN TITUSVILLE FL to sell - 7/29/08 - 07/29/08 10:49 AM
Titusville FL Market Report - MLS Areas 102, 103, 104This is a quickie report to give an overview of market activity in Titusville without regard to MLS areas. If you own a house, condo, or townhouse in Titusville (MLS areas 102, 103 or 104) this information is for you, without having to wade through all the numbers.
There are currently 837 active listings in Titusville There have been 238 closings in the past 6 months
Simply stated it will take 21.10 months to absorb the inventory of properties for sale at the current levels.
The formula is simple: # of sales in 6 … (20 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 103) - July 29, 2008 - 07/29/08 09:53 AM
THIS IS A COMPREHENSIVE REPORT ANALYZING ACTIVE LISTINGS, PENDING & CONTINGENT SALES, AND SHORT SALES ALL BROKEN DOWN BY PRICE POINTS. If your listing is in this market area, you will have to be patient and work with your agent to get the pricing right. Read on for absorption rates, it's not pretty!MLS Area 103 - Garden St. to S.R. 50 (Cheney Highway) - Titusville FL
In MLS Area 103 Currently there are:
508 active listings priced from $19,900 - $999,999 109 listed from $ 19,900 - $100,000 (12 short sales)155 listed from $104,900 - $150,000 (12 short sales) 91 listed … (2 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 102) - July 28, 2008 - 07/28/08 02:55 PM
MLS Area 102 - State Road 46 to Garden St. - Titusville FL
Currently there are:
220 active listings priced from $29,950 - $695,000 53 listed from $29,950 - $100,000 108 listed from $104,000 - $199,900 30 listed from $205,000 - $250,000 12 listed from $255,000 - $299,900 9 listed from $315,000 - $389,900 6 listed from $424,900 - $499,000 1 listed at $510,000 1 listed at $695,000*22 are marked as short sales
There are 22 properties awaiting closing, breakdown as follows:
7 properties are pending (contingencies removed) list price ranging from $116,990 - $199,900 7 properties are under contract with contingencies, list price from $62,900 - … (2 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - July 2008 - 07/12/08 04:42 PM
MLS Area 104 - State Road 50 (Cheney Hwy) to Kings Hwy - July 12, 2008
105 active listings priced from $69,500 to $1,500,000 *10 short sales11 properties are under contract ranging in price from $88,900 to $875,000 *1 short sale
45 houses have closed since January 1, 200844 houses have closed in the past 6 months (used for Absorption Rate)
The Absorption Rate Formula would indicate the market taking 14.32 months to absorb the current inventory of homes in MLS Area 104. However if I add in the homes under contract (without accounting for any new listings prior to these closings) the absorption … (0 comments)
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - May 2008 - 05/03/08 12:32 PM
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absorption rates: Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - Feb. 2008 - 02/22/08 09:20 AM
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