Melbourne Florida Homes for Sale

Believe it or not, there are almost 100 active listings on the market in Brevard County priced at one million dollars or above. I have not done evaluations on each property but I am sure considering the state of the market that there are some homes at a great value available. You can take a look at the listings and dare to dream or bring your prequalification and we can check them out. Have any questions about these million dollar homes, please let me know.

You can come be a Facebook Fan too – check me out here – Jason Koivu – Serving Brevard Realty

As the market has softened, beachfront property has become more and more affordable. It will not be at a discount forever because it is a limited commodity. Here is a list of about 60 Cocoa Beach condos that are priced under $200,000 and located in communities that are either oceanfront or riverfront. Not all of these units will have a view of the water so I can show you which units do have waterview. http://goo.gl/lRYUz
If you have any questions, please let me know.

Although bank owned properties are down significantly from the peak of the market, there are still options available in Brevard County, Florida. There are just under 200 listings available locally. Here is a link to a short summary on each property. They are listed from the highest to lowest prices so if you are looking for homes under $40,000, then you will want to scroll to the bottom.

If you want more information on any of these properties, please let me know and I will be happy to help you. I am SFR Certified Realtor and can help you navigate the purchase process.

National home sales trends are important but real estate is very local and the performance of the market is also very local. Despite national trends, here is what has been going on in September 2011 in Brevard County, Florida. Homes that sold in September 2011 versus September 2010 are down 14%. A couple of months of strong sales results could have robbed the normal sales from September bringing the year to date sales to still be up 11.66% over 2010. There were negative sales results in all categories: single family homes, townhomes and condos.

*New Listings are down from September 2010 – (21.12%)

*Sold Listings are down from September 2010 – (14.00%)

*Volume Sold is up from September 2010 – (12.09%)

*Average Sale Price is up from September 2010 – +2.22%

Here is what is selling in Brevard County, Florida in average sales price:

$0-$49,999 – 92 units sold (14.8%)
$50K-$79,999 – 132 units sold (21.2%)
$80K-$99,999 – 74 units sold (11.9%)
$100K-$159,999 – 143 units sold (23.0%)
$160K-$199,999 – 69 units sold (11.1%)
$200K-$249,999 – 43 units sold (6.9%)
$250K-$299,999 – 21 units sold (3.4%)
$300K-$399,999 – 29 units sold (4.7%)
$400K-$499,999 – 9 units sold (1.5%)
$500K+ – 10 units sold (1.6%)

47.9% of all homes sold in Brevard County were priced between $0 and $99,999. 34.1% of homes sold were priced between $100,000-$199,999. The average median sales price in Brevard County for September 2011 was $133,610 which is down from August by 7.52%. 51.4% of all homes sold in August 2011 were paid for with cash which is much higher than the national average.

Current inventory on the market is broken down like this:

Residential Homes 3,067 on the market – 772 are short sales – 245 are bank owned
Condos 816 on the market – 109 are short sales – 93 are bank owned
Townhomes 217 on the market – 52 are short sales – 19 are bank owned

Total 4,100 homes on the market – 933 are short sales – 357 are bank owned

22.8% of homes on the market in Brevard County are listed as a short sale. 8.7% listed on the market are bank owned properties. Inventory has been dropping from 2011 although not as steady as it was in the begining of the year. If inventory continues to drop we could expect to see more homes back on the market from banks needing to unload properties. So, just because inventory is going down it does not mean the area will see immediate price increases. If demand continues to keep pace and sellers keep their homes off the market, it could start to create average median price increases but we are months from that happening at this point. So, if you are wanting to buy, now is a good time to take advantage of the market.

So, those are the home sales statistics for Brevard County Florida for September 2011.