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 from $153,000 - $200,000  (14 short sales)
  36 listed from $202,900 - $250,000  (  2 short sales)
  27 listed from $255,000 - $300,000  (  4 short sales)
  15 listed from $309,900 - $349,900
  25 listed from $355,000 - $400,000  ( 3 short sales)
  21 listed from $414,900 - $499,900  ( 3 short sales)
  19 listed from $517,721 - $600,000  ( 1 short sale)
    4 listed from $629,000 - $698,000
    6 listed from $848,000 - $999,900

There are 43 properties under contract awaiting closing - breakdown as follows: 

13 properties are pending (contingencies removed)  

  8 listed from   $59,900 - $162,400
  3 listed from $244,900 - $283,000
  1 listed at $480,900
  1 listed at $649,900

30 properties are under contract with contingencies - breakdown as follows:

11 listed from $ 44,500 - $  99,900  (6 short sales)
16 listed from $144,900 - $199,900 (4 short sales)
 1 listed at $315,000 (short sale)
 1 listed at $399,900 (short sale)
 1 listed at $595,000

121 properties have closed since January 29, 2008 (6 months) from $40,000 - $899,000

44 sold between $  40,000 - $100,000
55 sold between $102,000 - $197,000
16 sold between $204,900 - $297,000
 4 sold between  $308,000 - $365,000
 1 sold for $415,000
 1 sold for $899,000

According to the MLS, 5 of these closing were short sales.

Applying the Absorption Rate Formula says it will take the market 25.19 months
to absorb the current inventory of homes in MLS area 103.  Since this is the first
report for MLS area 103, a statement as to conditions improving or not will have
to wait for the next report.  Meantime if you have any questions, please feel free
to contact me.

I can help you find your Home Sweet Home in Florida  

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)
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com  
http://activerain.com/blogs/homesweethomeflorida