BrevardRealEstateBlog

Hello Everyone,

Here are the numbers for Brevard County for the month of June.  Sales were up slightly with 585 single family home selling.  Of the 585 that sold over half of them (345) are distressed property sales.  As of the first part of June there are around 4616 homes on the market for sale and 1853 of them are distressed properties.  

Here is a link to stated Florida Home Sales for the month of May showing a 24% decline year to date.

The market in the area continues to decline despite all the Fed’s efforts.  Bottom line people are continuing to give their over priced, under valued homes up to foreclosure and this will be the driving force in our market for some time.  Let’s not forget we are going to get a double whammy when the Space Center lay offs begin in the next year or so.   I have heard any where from 3000-6000 will be laid off “inside the gate” and remember this will affect probably 1000’s who are “outside the gate”.  This of course will slam our local market again.

The good newsis we still have buyers in THIS market and we are actually dealing with a lot of bidding wars on homes that are priced correctly and this helps increase the sales price of the home.  If you want a bidding war on your home give me a call and I will help you set it up.

Till next time,

Larry Fleckinger
321-433-1323