Spring 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Satellite Beach and Indian Harbour Beach. Low rates with steady home prices makes a home purchase a great value!

Average Home Price $250,000 - View Graph Trend
Average Price Compared to Last Year Down 10-15%
Average Time on Market 60-90 days
Best Selling Price Range$200,000 - $249,000
Worst Selling Price Range$400,000 - $449,000
Prices As % of Asking Price 90-95%
Existing Home Prices for the past 90 days are?No Change
Market Trend Decreasing
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Satellite Beach and Indian Harbour Beach isIncreasing
Seller Activity for the past 90 days in Satellite Beach and Indian Harbour Beach is?No Change
Multiple Offers?No
Multiple Offers CommentaryOn very low priced short sales and foreclosures multiple offers are being accepted. Most buyers feel their advantage is lost if they have to competitively bid for a home.
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?10-15%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Inventory CommentsHomes that are priced right are selling at a good pace, and continue to improve year over year. Condos continue to experience pricing pressure, though overall prices are holding fairly steady. This area has a significantly smaller percentage of short sales and foreclosures than other areas of Brevard County.
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and competitive interest rates creates a perfect time to buy in Satellite Beach and Indian Harbour Beach!
Nearest Metro AreaMelbourne
Housing Hot SpotsViera/Suntree, North Melbourne areas of Lake Washington and Palm Shores as well as all beach areas.
Average Sold Price $250,000 - View Graph Trend

Satellite Beach and Indian Harbour Beach 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.

Click here for full article...
Contact Information

Gail Youness
Gail Youness
     321-720-4130
Request More Information  

Let me answer your questions!

First Name
Last Name
Email
Phone

Questions or Comments

 

   Let Me Answer Your Questions! Ask Me!
Blog Archives


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%

Home Values
 Street
 
 Zip Code
 



 
Search HomesCity
Property Type
Min Price
Max Price
Min Beds
Min Baths
 
Gail Youness
Request More Information  

Let me answer your questions!

First Name
Last Name
Email
Phone

Questions or Comments

 

Let Me Answer Your Questions! Ask Me!
Gail Youness
CENTURY 21 Spectrum
CENTURY 21 Spectrum

  321-720-4130




Receive New Listings by Email Get Free Monthly Newsletter   |   Find Satellite Beach and Indian Harbour Beach Homes for Sale   |   Search Satellite Beach and Indian Harbour Beach Real Estate
(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
Florida Homes for Sale  |   Florida Real Estate News |   Homes for Sale  |   Real Estate Market News  |   Hot Markets  |   Agents Join