FAWN LAKE - MARKET REPORT - May, 2008

There are currently 19 active listings on the market in this lovely gated community in MIMS, Brevard County FL. They range in price from $289,900 for 2104 square feet under air to $899,900 for 5333 square feet under air.  2 are short sales.

$300,000 - $400,000 - 11 listings
$400,000 - $500,000 -  5 listings
$500,000 - $600,000 -  1 listings
$699,700 - 1 listing
$899,900 - 1 listing

There are currently 2 listed properties that are under contract or scheduled to close.  1 is a short sale.

There have been 2 closings in Fawn Lake in 2008: 

5400 Canvasback Dr. closed 1/31/08 - Listed $359,900 Closed $330,000  MLS #489980 (my listing)
5220 Amy Way closed 5/1/08 - Listed $439,900 Closed $405,000  MLS #503012

Most of these beautiful custom homes, sitting on an average of 3/4 acres, are priced in line with today's market. It's a perfect time to buy your dream home.  It is my belief that the market has stabilized and we are entering a period where the public is beginning to understand that a shift is in progress. We're coming out of a buyers' market which began August 2005. It was long and it was hard, but normalcy is returning to the area.  Proposition 1 passed creating added homestead benefits which makes buying right now even more exciting.

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.

If you would like more information on these or other properties in Brevard County please contact me:

Gail MacMillan Broker-Realtor®
Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
Certified Residential Specialist (CRS)
e-PRO Internet Certified (e-PRO)
Graduate Realtor Institute (GRI)
Relocation Specialist
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com   great website - check it out - pass it on
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