I am finding that properties are moving here. Over the last couple of weeks I've worked with a buyer in the $150-$250K range, about half of the listings he wanted to see went under contract within a week. I've been working with 2 buyers in the $300-$500K range and have been seeing almost a 1/3 of the properties they selected to see going under contract within a week or two. I have not had the same problem with my buyers in the range of $600-$850K.
Today's paper said that foreclosures are down for the 2nd straight month in Brevard county. The Florida Association of Realtors released a report showing that the 1st quarter of this year, as compared to the 1st quarter of 2008 saw a 27% increase in sales and a 28% decrease in price. I think there is a rush for buyers to get into homes at the current interest rates and low prices before school starts, but I am guessing that sellers who are unable to sell during the summer rush may be more eager to sell in September. Just keep an eye on interest rates because they have been rising.
If you would like more information about homes in Merritt Island, Cocoa Beach or surrounding areas feel free to e-mail hdelvenne@yahoo.com or call me at 321-289-8953.
Heidi Delvenne
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