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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!
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| 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 is | Increasing |
| Seller Activity for the past 90 days in Satellite Beach and Indian Harbour Beach is? | No Change |
| Multiple Offers? | No |
| Multiple Offers Commentary | On 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 Comments | Homes 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 Area | Melbourne |
| Housing Hot Spots | Viera/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...
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
321-720-4130
Request More Information 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
StreetZip Code
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Request More Information Let me answer your questions! Ask Me!
Gail Youness
CENTURY 21 Spectrum
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 321-720-4130
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