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MLS Area 103 - Garden St. to S.R. 50 (Cheney Highway) - Titusville FL  Feb 6, 2009

Titusville FL Market Report


In MLS Area 103 Currently there are:

418 active listings priced from $8,900 - $1,100,000
66 are short sales
30 are REO's (bank owned)


There are 38 properties currently under contract 
17 short sales
  9 REO's

258 properties closed in 2008
20 short sales
51 REO's

23 properties have closed in 2009
3 short sales
10 REO's

From this study you can see that many of the short sales are going into foreclosure.  At that point the bank-owned properties are making it to closing.

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:
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 103) - Nov 4, 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 103) - Sept 20, 2008
Real Estate Market Report/Absorption Rates - Titusville FL (MLS Area 103) - July 29, 2008

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Titusville, Florida
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2 Comments on Titusville FL Real Estate Market Report - MLS Area 103 - 2/6/09

FEB
06
2009
1,063,932 Points 156 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Gail, I find it interesting that in your MLS you can break it down so finely between streets. I think in ours we need separate tools to do that outside the MLS. Short sales not being sold can't be good for those owners.
11:42am • #1
232,564 Points 5 Featured Posts Outside Blog

Hi Gary- It's always interesting to hear how other MLS areas utilize their collection of data.  Some I know, have the ability to pull subdivision data directly into their websites - something I would dearly love to be able to do.  And no....the short sales are quite problematic.  The numbers show quite clearly that REO's have a much better percentage of closings over short sales.
11:53am • #2

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