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Market Report - Baymeadows of Melbourne

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

 Baymeadows of Melbourne is a comfortable community of approximately 182 single family homes. It boasts different styles and models of well maintained  properties, built by Holiday Builders, Maronda and Burgoon Berger Construction.

 Baymeadows of Melbourne, Market Report

The houses range in size from approximately 1328 square feet of living to approximately 1902 square feet.  They were built between 1996 and 2000. The houses are 3 or 4 bedrooms, with 2 baths, and a 2 car garage. 

Baymeadows of Melbourne, Market Report

There are currently 3 houses available for sale in BayMeadows, with asking prices ranging from $123,999 to $179,000.  Two of the houses are short sales.  The owners owe more on the properties than they are worth in today’s market.

 There are currently 2 houses under contract.

Baymeadows of Melbourne, Market Report

There have been 6 houses sold in Baymeadows since the beginning of 2011, with sales prices ranging from $84,000 to $140,000.

Our Brevard County real estate market has shown a decline over the past several years, with some stabilization here lately.  The decline indicates more realistic home buying decisions, than in prior years when there was a shortage of good, clean, affordable houses for sale.  We were experiencing a feeding frenzy.  Buyers today appear to be more educated, tighter with their money, concerned with the economy.  I feel that this is affecting their home buying decisions.  Foreclosures and short sales in our area have pulled current market values down on real estate.

 

 

          2010

          2011

   Change from

   2010 to 2011

# of homes for sale

             XXX    

                  3

             NA

# of homes under contract

             XXX

                  2

             NA

# of homes sold

                 9

                  6

          - 33.00%

Average list price

  $ 155,744

   $ 116,483

           -25.20%

Average sales price

  $ 145,655

   $ 110,666

           -24.02%

# of days on the market

               88

               84

           -  4.54%

Data Compiled –

October 17, 2011

with info from the Melbourne Association of Realtors

   

 

 

Baymeadows is located in North Melbourne, off of Wickham Road, between Post and Parkway Drive.  It is directly across the street from Brevard Community Junior College.

Schools in the Area 

Creel, Dr. WJ Elementary School

Croton Elementary School

Harbor City Elementary

 

Longleaf Elementary School

Sabal Elementary School

Johnson Junior High School

West Shore Junior/Senior High School – lottery school

 Eau Gallie High School

Brevard Community Junior College

 

Please check with the Brevard County Public School System for proper school placement, as school districts can change.

Recreation

Fishing Charters

Parks & Campgrounds

Leisure Activities, Basketball, Baton Classes, Dance Classes, Jazzercise classes, golf, softball, swimming, tennis

Water activities: Swimming, surfing, skim boarding, wind surfing, parasailing, fishing, shrimping, deep sea diving, snorkeling, diving, kayaking, canoeing

Brevard County is home Port Canaveral, where the cruises ships come to port: Royal Carribbean, Carnival and Disney Cruise Lines.

 

Carnival Cruise Lines, Port Canaveral

Brevard County is an hour drive to Orlando, home of the theme parks. Visit Walt Disney's Magic Kingdom, Animal Kingdom, Epcot Center, MGM Studios, Universal Studios, Islands of Adventure, Sea World, Wet n' Wild and so many more.

Dining  

Beef o’ Bradys 

Bonefish Willy's,

Charlie and Jakes

East Garden Chinese Buffet

Longdoggers

Pineda Crossing Bar & Grill

Squid Lips Overwater Grill

Texas Roadhouse

Thai Kitchen

Tuscany Grill

Wagon Wheel Pizza -- Melbourne

These are just a sampling of some of the restaurants in this area. For a more extensive list, check here.

Shopping

Aldi Foods, CVS, Publix, Walgreens, Wal Mart

Baymeadows is minutes from US1, I-95, the Indian River & Banana River Lagoons, Patrick Air Force Base and the beaches. 

 

Search Brevard County Real Estate
Melbourne FL Real Estate, Sandy Shores, Realtor


Sandy Shores Melbourne FL Realtor

 

Sandy Shores, Melbourne FL REALTOR®


Specializing in Residential, Investment and Relocation Real Estate

We have a team to facilitate your Short Sale.

Melbourne Real Estate / Palm Bay Real Estate

321-253-4545


SandyShoresMelbourne@hotmail.com

 ____________________________________________


Serving Brevard County Florida for 15 Years

Brevard County Resident for 36 Years

Melbourne, Palm Bay, Suntree, Viera, Rockledge,

Cocoa, Canaveral Groves, Titusville, Mims, Melbourne Beach,

Indialantic, Indian Harbour Beach, Satellite Beach,


Cocoa Beach, Cape Canaveral

______________________________________________

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

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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

That is probably one of the most extensive marker reports I've ever read. Thank you Sandy! 

Oct 18, 2011 02:15 AM
Jeanean Gendron
The Address Realty - Redding, CA
Specializing in Selling Unique Properties

Sandy, it is interesting that when I compare our prices between Florida and California, I often see a similar trend result. We have seen about the same drop in value in our market. I like to spice up market reports when I do them (need to) and make them more interesting for the reader. You do a nice job of giving the reader more to explore about your area. I like that. Have a beautiful day!

Oct 18, 2011 02:28 AM
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Eighteen Years Experience in Brevard County

Nice report Sandy! Great info and links.  You are so good at this!

Oct 18, 2011 02:32 AM
Robert Bob Gilbert
Berkshire Hathaway HomeServices Anderson Properties - Katy, TX
Your Katy TX ( West of Houston) Real Estate Expert

Sandy,

Very complete market report with many picturs and a lot of information for buyers to use. Prices look like they are continiung to take a beating. I hope that trend stops.

Oct 18, 2011 05:34 AM
Yolanda Cordova-Gilbert
Richmond, TX

Sandy,

                  Great market report. Prices are still going downward should put a lot of cash buyers there. many people here in Texas are contemplating buying there. PS can you adjust our cart to water views only.

Oct 18, 2011 10:45 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Paul, Thank you, I appreciate that very much.  I tried to take my time with it.  Still some tweaking to do, but that will come on future reports.

Oct 21, 2011 08:53 AM