Spring 2012 Market Update
I’m here for Your Home Needs. Let me know how I may assist you. Thank you for stopping by - buy!

Average Home Price $150,000 - View Graph Trend
Average Price Compared to Last Year Down 5-10%
Average Time on Market 60-90 days
Best Selling Price Range$150,000 - $199,000
Worst Selling Price Range$300,000 - $349,000
Prices As % of Asking Price 95-100%
Existing Home Prices for the past 90 days are?No Change
Market Trend No Change
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Cape Canaveral isIncreasing
Seller Activity for the past 90 days in Cape Canaveral is?No Change
Multiple Offers?Yes
Multiple Offers CommentaryBe careful of properties priced 'too good to be true'. Sometimes the properties will be listed very low to generate a bidding process.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?25-30%
Is Financing Available For Qualified Buyers?Yes
Comments on Financing For Qualified BuyersI have contacts for financing or any questions you may have about assistance in buying a property. Take a few minutes and get your pre-approval with a local lender so you understand your buying power now.
Housing Inventory Good supply - Some Prices
Inventory CommentsWatch for the attractive opportunities and be ready to make a move. Some sellers are pricing the properties to SELL and you will see them go under contract in short order. I can provide a very accurate value analysis on any property you find.
Greatest Activity Repeat Buyers
Reason to Buy/Sell When you combine the opportunities to: buy at a very attractive price, with competitive interest rates, and walk to the Ocean - this creates a perfect time to buy beachside in Brevard County!
Nearest Metro AreaMelbourne, Florida
Housing Hot SpotsFrom Cape Canaveral south to Melbourne Beach, you can find a great property at a very good price.
Average Sold Price $150,000 - View Graph Trend

Cape Canaveral Local News

Agent quarterly survey shows growing optimism toward a housing market recovery

End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.

Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.

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Mortgage Rates
– May 28th, 2012 –
---------------------------------
 30 yr. fixed rate:     3.82%
 15 yr. fixed rate:     3.11%
  30 yr. jumbo rate:  4.38%
  15 yr. jumbo rate:  3.61%

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