Melbourne FL Real Estate Market Watch Report

Melbourne FL Real Estate Market Watch Report

Melbourne FL Real Estate Market Watch Report

There are currently 476 homes (single family, half duplex, condo & townhouses) available for sale in Melbourne Florida compared to 514 in August 2014.

Here’s the breakdown,

Under $100,000                –   79, compared to 123 in August 2014 

 $101,000 –  $200,000      –   134, compared to 162 in August 2014

 $201,000 –  $300,000       – 123, compared to 125 in August 2014

 $301,000 –  $400,000       –   63, compared to 53 in August 2014

 $401,000 –  $500,000        –   37, compared to 18 in August 2014

 $501,000 –  $750,000       –   19, compared to 18 in August 2014

$751,000 – $1,000,000     –    17, compared to 10 in August 2014

$1,001,000+                        –   4, compared to 5 in August 2014

Prices ranges from $49,900 for a 2 bedroom 2 bath condo with 1072 square feet of living in West Melbourne to $2,100,000 for a 5 bedroom 4 full, 2 half bath home situated on 10 acress with 7800 square feet of living in the Lake Washington area.

Today, 409 of the 480 properties for sale are standard listings (not a short sale or bank owned property). In August 2014, 416 out of 514 properties are standard listings (not a short sale or foreclosure).  Today 7 of these are short sales. (sellers owe more on their homes than they are worth in today’s market. They are asking their mortgage companies to accept today’s market value as payment in full and write off their remaining mortgage balance.) In August 2014, 21 properties were short sales. Today, 61 are bank owned properties. In August 2014, 77 of these are bank owned, foreclosures, auctions or being offered through HUD (the Department of Housing and Urban Development.) 

Today, there are 362 properties under contract, in escrow, with a negotiated sales price between buyer and seller, waiting to close. In August 2014, there were 188 properties under contract. 

Today, there are 1046 properties that have sold and closed in Melbourne in 2015. In August 2014 there were 1374 properties that had sold and closed since the beginning of 2014.

See the August 2014 Melbourne Real Estate Market report.

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