I recently wrote an article encouraging prospective home buyers in Brevard County, Florida to get off the fence. Prices are rising yet interest rates are still low.
I think sellers should consider this same advice as well. Prices have risen. Interest rates are low. These are both good signs for sellers.
Another even better sign for home sellers... competition is down!
With the current median days on the market for Brevard County, Florida single family home sellers at about 30 days a house will
- move quickly if marketed appropriately
- command the best price possible if it is prepared properly.
Prospective buyers may hear inventory is down but if they drive some of he Rockledge and Viera, Florida neighborhoods they will see a lot of signs in front yards. However, signs are not a sign of the market state.
How many active listings are there in some of these popular Rockledge and Viera, Florida neighborhoods?
- Phillips Landing - 1
- Plantation Point - 5
- Fairway Lakes at Viera - 6
- Auburn Lakes - 1
- Sonoma - 5
- Ravencliff - 4
- Indigo Crossing - 2
- Wingate Estates - 5
- Gatwick Manor - 1
- Daintree - 4
- Eason Landing - 0
- Bayhill - 2
- Chelsea Park - 4
- Ventana - 1
- Somerville - 1
The above numbers were extracted from the Brevard MLS system today.
There are 42 active listings in the above listed subdivisions. There are also at least 30 pending or contingent listings in the above neighborhoods. Real estate agents often leave their sign out front to capture lead calls even if the house is under contract.
Assuming there is a sign on every property there should be about 72 total signs. This equates to about only 4 in 10 signs in these developments is actually "on the market." Put another way....signs are not a sign of the market.
As a seller, the signs may be the draw to a neighborhood but you are only competing with about 40% of the sellers. This is definitely a sign (pun intended) that the Rockledge and Viera, Florida markets favors a motivated seller.
Call me at 321-693-3850 or send me an email if I can help you sell your Viera, Florida home today.
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