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Market Report - Brevard County Residential Sales - September 2011

By Sandy Shores FL Realtor®, Melbourne Real Estate

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

October 26, 2011 08:31 AM

Statistics for Brevard County FL Real Estate, September 2011...

Currently there are:

3271 residential listings for sale

1210 rental listings available

888 condos for sale

237 townhouses for sale

94 income producing properties

2269 vacant parcels for sale

Brevard County FL Real Estate, including single family residential, condo, townhouse and vacant lots:

There were 731 new listings.

There were 357 sold listings.

Average sales price was $130,319.

Highest price sold was $773,000.

Lowest price sold was $ 600.

Average days on the market were 132.

For single family residential units only:

There were 521 new listings.

This is a decrease of 7.13% from September 2010 of 561 new listings.

There were 295 sold listings.

This is a decrease of 6.05% from September 2010 of 314 sold listings.

The average sale price in September 2011 was $137,301.

This is an increase of 2.04% from September 2010 of $134,561.

Average days on the market were 123, a 6.03% increase from September 2010 of 116 days.

Source: Melbourne Association of Realtors

Brevard County only saw a 6.05% decrease in properties sold from September 2010 to 2011. And, we noticed a 2.04% increase in average sales price from last year. It appears that we are experiencing a bit of stability in our market. Prices are not dropping like they previously had been and properties are steadily moving off the market.

We currently have a large number of investors and some second/vacation home buyers in the market. Buyers have an interest in relocating to our area because of the Florida sunshine, the Indian and Banana rivers and the beautiful sandy beaches. Today, Brevard prices are relatively inexpensive compared to neighboring cities in Florida.

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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Kevin J. May

Florida Supreme Realty - Hobe Sound, FL

Serving the Treasure & Paradise Coasts of Florida

2.04%, you're not going to find that kind of ROI at the bank. Maybe there is a silver lining about to show there Sandy. Good for you and Melbourne.

Oct 26, 2011 08:55 AM

Gary L. Waters Broker Associate, Bucci Realty

Bucci Realty, Inc. - Melbourne, FL

Eighteen Years Experience in Brevard County

Like riding a bike...they say! Nice report, Sandy. Just the facts - all anyone needs to know it is the time to buy!

Oct 26, 2011 09:01 AM

Sandy Shores FL Realtor®, Melbourne Real Estate

M & M Realty of Brevard Inc. - Melbourne, FL

Brevard County Real Estate, Florida's Space Coast

Hey Kevin, I was tickled to see the 2.04% increase. Although we have seen some stability in the market, now we are finally seeing an inching up of average sales prices. Let's keep our fingers crossed that things will continue in this direction.

Oct 26, 2011 09:03 AM

Gary, Ahh, you see, 2 market reports in 2 days... pretty good, huh? Lol Like riding a bike, you know I have to think of when the last time was that I was on my bike. Hmmm... need to hop back on it (my sisters and I used to ride 18-20 miles, 5 days a week - loved it). It is a great time to buy. We are seeing a bit of a shortage of good clean affordable houses for sale right now. I am sure you have noticed the same thing. Thanks for the kudos, friend!

Oct 26, 2011 09:06 AM

Gary Woltal

Keller Williams Realty - Flower Mound, TX

Assoc. Broker Realtor SFR Dallas Ft. Worth

The quantity of sold listings declining is troublesome and I wish it increased. With the winding down of the space program Sandy it does make you wonder where things will be one year from now? Sometimes the increase in sales price is from higher value properties mixed in. i think the key number is total properties sold cause each represents activity. Activity needs to increase in a flourishing economy.

Oct 26, 2011 10:27 AM

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sandy

Thanks for sharing the September 2011 real estate market report for Melbourne Florida.

Good luck and success.

Oct 26, 2011 01:24 PM

Ann Hayden 636-399-7544

Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO

SelectAnn.com

Sandy,

A tick up? Great news!!

Ann Hayden in Wildwood, MO

Oct 26, 2011 04:32 PM

Gary, It will be interesting to see what effect the Space Shuttle program will have on our market down here in Melbourne. You're right, we don't yet know what the trickle down effect is going to be.

Oct 27, 2011 01:48 AM

Hi Lou, Thanks for always taking the time to stop by. Hope all is well and you're staying busy.

Ann, We are hoping that the slight tick up will be indicative of things to come. We'll just have to wait and see.

Oct 27, 2011 01:49 AM

Market Report - Brevard County Residential Sales - September 2011

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