Melbourne FL Real Estate Market Watch Report

Melbourne FL Real Estate Market Watch Report

There are currently 514 homes (single family, half duplex, condo & townhouses) available for sale in Melbourne Florida.

Here's the breakdown,

 Under $100,000          - 123

 $101,000 -  $200,000   - 162

 $201,000 -  $300,000   - 125

 $301,000 -  $400,000   -   53

 $401,000 -  $500,000   -   18

 $501,000 -  $750,000   -   18

$751,000 - $1,000,000  -   10

$1,001,000+                   -     5

Of the 514 properties 416 are standard listings (not a short sale or foreclosure).  21 of these are short sales (the sellers owe more on their homes than they are worth in today's market. They are hoping their mortgage companies will accept today's market value as payment in full and write off their remaining mortgage balance.)  77 of these are bank owned, foreclosures, auctions or being offered through HUD (the Department of Housing and Urban Development.) 

There are currently 188 properties under contract, with a negotiated price, waiting to go to closing. 

There are 1374 properties that have sold and closed since the beginning of 2014.

The average sales prices of homes sold here on Florida's Space Coast for 2014 was  $147,657 at 54 days on the market. And, the average list price was $153,116.