Amazing Listing Statistics for Brevard County
posted by WeKnowBrevard Blog @ 12:22pm, Saturday 16 August 2008.
I am asked frequently, how much of an effect does the short sales and foreclosures have on the real estate market. Here's a few statistics to show you the huge impact it has.
There are 2065 single family homes in Palm Bay & Titusville for sale between $100,000-$250,000. 1033 of these home are short sales or foreclosures, almost exactly 50%.
There were 6832 SF homes available in Brevard county today. 30.2% of all the homes in Brevard County for sale are between 0-$250,000, an incredible 1250 home in Palm Bay between $100,000-$200,000. 15% of this market are short sales or foreclosures. Until this glut of homes goes away, we will continue to be in a buyers market with to many homes and not enough buyers. The length of time on a short sale is running between 50-75 days. It's like a bad dream that won't go away.
The market is saturated with homes and it is having a huge effect in Brevard County. If you would like to quickly review how many homes are available and in what price ranges in your community go to: http://www.weknowbrevard.com/buy_your_home.htm . Choose your community in the quick search and with 1 click you will see the homes for sale in your community in 9 different price ranges.
Remember, just because it's a short sale, it doesn't mean that it's a great value. I showed 2 homes w/ identical Sun Castle floor plans this morning in Capron Ridge. The short sale, which wasn't the best of the two, was priced at $399,900. The non short sale, which was by far a better home, was priced at $340,000. Go figure!
If your looking for property, try us at www.weknowbrevard.com. We look forward to helping you with your real estate needs.
Comments
Submit Your Comment
You are not logged in.