In the Lake Washington Area of Melbourne:

There are currently 122 homes for sale. These include single family, as well as mobile homes.

There are currently 41 properties under contract. Some of these have been under contract for several months, as they are short sales, pending lender approval.

There have been 72 homes that have sold in 2009.

$            1  – $  250,000      58 properties            11 foreclosures   14 short sales

$  251,000 – $  500,000       12 properties         1 foreclosure     4  short sales

$  501,000 – $  750,000       1 property

$  750,001 – $1,000,000      0

$1,000,000+                      1 property

Some of these sold properties remained on the market for as many as 462 days, 673 days, 722 days, 938 days.

Our Lake Washington market has become quite active. And, we are seeing many homes selling, with multiple offers.

This article is authored by

Sandy Shores REALTOR®,  Melbourne/Palm Bay FL Real Estate

Brevard County Real Estate & Investing

I also buy, sell, rent, own and manage Investment Property.