Market Report for Brevard County Real Estate

By
Real Estate Broker/Owner with M & M Realty of Brevard Inc. BK629999

In looking at the recent real estate sales with the Melbourne Association of Realtors, it's interesting to see the number of homes recently sold and those that are for sale in various price ranges.

The breakdown is as follows:

Brevard County Real Estate Market Watch by Sandy Shores

Single family homes and condos, and townhouses sold in October 2009

up to $  99,999    168

up to $199,999    144

up to $299,999     62

up to $399,999     21

up to $499,999      7

up to $549,999      1

up to $599,999      1

up to $999,999      0

$1,000,000+          1

 

In looking at single family houses, condos and townhouses currently for sale in October 2009:

up to $  99,999    940

up to $199,999    900

up to $299,999    590

up to $399,999    237

up to $499,999    135

up to $549,999     27

up to $599,999     53

up to $999,999   144

$1,000,000+        86

The market is quite brisk in the up to $200.000 price range.  However, when sale prices get up over $500,000 the market is currently stagnant in our area.

 

Sandy Shores REALTOR®, Melbourne/Palm Bay FL Real Estate

Brevard County, Florida's Space Coast Real Estate & Investing

I specialize in Residential, Investment & Relocations. I can help with Short Sales and Foreclosures.

I buy, sell, rent, own and manage Investment Property.

 

 

 

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Rainer
273,383
Irene Tron
Valparaiso, IN

Sandy, what a beautiful picture you've used with your market report.  It's good to hear that at least the homes below 200,000 are selling. 

Have a Happy Thanksgiving.

Nov 21, 2009 11:48 AM #1
Rainmaker
626,692
Mary Douglas
United Country Ponderosa Realty, Red Feather Lakes, Colorado - Red Feather Lakes, CO
REALTOR, Red Feather Lakes, Colorado

Hi Sandy, I'm wondering when the market will begin to improve for those higher priced homes.  We are seeing the same thing here.

Nov 21, 2009 02:18 PM #2
Rainmaker
3,246,758
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sandy

Thanks for the update.

Good luck and success.

Lou Ludwig

Nov 21, 2009 02:24 PM #3
Rainmaker
671,701
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Irene, Thanks. We have so many beautiful spots here!  We're tickled that houses are moving.

Hi Mary, I don't know.  Those higher priced houses are just hanging there, stagnant. It will be interesting to see when they start selling. Right now primarily we are seeing first time buyers, investors, out of area buyers and international buyers and they all favor the under $200K range. Many in the over $200K range have something to sell first, before they can move up.

Hi Lou, Always nice to hear from you.

Nov 24, 2009 11:30 PM #4
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Rainmaker
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Sandy Shores FL Realtor®, Melbourne Real Estate

Brevard County Real Estate, Florida's Space Coast
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