Real Estate Blog - Titusville FL Real Estate Market Report - MLS Area 104

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Titusville FL Real Estate Market Report - MLS Area 104 - 6/9/2009

MLS Area 104 - State Road 50 (Cheney Hwy) to Kings Hwy - June 9, 2009

93 active listings from $59,900 to $1,350,000
*13 short sales
5 REO's (bank owned)

27 properties are under contract
*16 short sales are under contract
2 REO's are under contract

33 properties have closed in 2009
*3 short sales
11 REO's closed

89 properties closed in 2008
*7 were short sales
15 were REO's

From this study we see some stability returning to MLS Area 104, pricing stability should follow.

If you're thinking of listing and want Absorption Rate information, please call or e-mail
and I will be happy to provide the most current numbers.

Links to previous reports:
Titusville FL Real Estate Market Report - MLS Area 104 - 4/7/2009
Titusville FL Real Estate Market Report - MLS Area 104 - 2/6/09
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - Nov 4, 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - Sept 20, 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - July 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - May 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 104) - Feb. 2008

I can help you find your Home Sweet Home in Florida ~ CALL TODAY!

Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
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e-PRO Internet Certified (e-PRO)
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Relocation Specialist
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com
www.Titusville-FL-Real-Estate.com

Posted by Gail MacMillan - CRS, e-PRO, GRI ~ Titusville FL Real Estate Brevard County on 06/09/2009 08:30 AM

Comments (9)

Market Report Titusville FL MLS Area 104 by Gail MacMillan in the ActiveRain Channel

titusville fl, market reports, mls area 104, titusville fl real estate, titusville fl homes for sale, gail macmillan, home sweet home flo

Originally posted at: My Titusville FL Real Estate Blog: Titusville FL Real Estate Market Report - MLS Area 104 - 6/9/2009

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9 Comments on Titusville FL Real Estate Market Report - MLS Area 104 - 6/9/2009

JUN

Gail....stability...the new buzz word of the week! I so need some of that!

Great report! I'm working on mine now as well, but have broken it down by building to give people an indepth view of what's going on...

Enjoy your sunshine...none here in Montana today!

Hi Gail

What interesting is the low number of short sales and REO property, that a major plus for the Titusville market.

Good luck and success.

Lou Ludwig

Gail, still a good percentage of short and REO sales in your market including listings, but not dominant as in some areas. Great report.

Hey Thom....you must be on vacation - kinda, sorta....LOL Building reports work well when you live in Atlanta, but Titusville is very small town by comparison. Thanks for stopping by :-)

Hi Lou...I do see those numbers improving, it's such a good feeling to see the foreclosures get bought up. Thanks for weighing in.

Hi Gary...the numbers are getting better, there's no doubt about it. It's been a long 3.5 years. The overall Titusville absorption rate is down to 15 from 27. Now that's good news. Thanks for your interest in my area.

Girl, you are cranking out the market reports! I have to tell you that i know it works to help brand yourself as the expert in your neighborhoods and draws people to your website and blog. I have this on my to do list and need to do so REGULARLY! Thanks!

JUN

Gail, I hope some of those pendings and sales are yours!! We are getting to a turn-around!

Hi Russell....Market reports are done for another 2 months....and you are right, I get thousands of hits on them. The public wants to know what's going on in the market in a concise, understandable way. Good luck with your, thanks for stopping by.

Hi Caren...well 1 pending is mine, some would be nice, but 1 is swell too. Best wishes in your market :-)

Hi Gail, Great to hear that there is some stability returning to Brevard County. I love it! Thanks for the great info - we are seeing the same things down here in the south end of the county.

JUN

Hi Sandy...yes it is great. And the inventory hasn't been this low in about 3 years. We're not exactly at the supply and demand stage, but cycles are historically predictable.

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