Gorgeous Remodeled Cypress Bend, Melbourne Home for Sale

Lennar’s Captiva floor plan remodeled in Cypress Bend, Melbourne being offered for sale at $156,500.

This 3 bedroom, 2 bath, 2 car garage home is in a great central location.

Enclosed porch with windows under trussed roof.

1533 square feet of living.

Gorgeous Remodeled Home for Sale in Cypress Bend, Melbourne

Beautifully remodeled eat in kitchen with new cabinets, granite countertops,

stainless steel appliances, breakfast bar, pantry, ceramic tile floors.

Gorgeous Remodeled home in Cypress Bend Melbourne for Sale

Laminate flooring in living/dining area and 3 bedrooms.

Gorgeous Remodeled Home for Sale in Cypress Bend

Brevard Real Estate Market Report – May 2015

Brevard County Market Report - May 2015In May 2015, there were 3727 active listings on the market, a decrease of 20.00% from 4656 in May 2014.

There were 1518 new listings on the market in May 2015. This is down by 4.0% from May 2014 of 1581.

There were 1288 new pending sales. This is up by 5.5% from May 2014 of 1221.

There were 1238 closed sales. This is up by 1.1% from May 2014 of 1225.

The average sales price was $194,682. This is an increase of 18.47% from 2014 at $164,330.

The median sales price in May 2015 was $160,000, compared to $130,000 in 2014, an 23.08% increase.

The average number of days on the market was 68, compared to 85 in 2014.  This is a 20% decrease.

Homes sold for approximately 94% of original list price in May 2015.

There was a 3.3 month supply of homes for sale in January 2015, compared to 4.53 month supply in 2014, a decrease of 27.16%.

 

Information deemed reliable, but not guaranteed.

Source: FLEX MLS Statistical Data

Brevard County Real Estate Market Report January 2015

Brevard County Real Estate Market Report January 2015

There were 611 closed sales. This is up by 8.1% from January 2014 of 565.

274 of these sales were cash buyers. This is down from 305 in January 2014 by 10.2%. This indicates that 44.8% of purchases were made in cash. This figure is down by 16.9% from January 2014.

There were 993 new pending sales. This is up by 8.2% from January 2014 of 918.

There were 1224 new listings on the market in January 2015. This is up by 16% from 2014 of 1055.

The median sales price was $140,000. This price has increased by 13% from 2014 at $123,900.

The average sales price in January 2015 was $176,573, compared to $158,581 in 2014, an 11.3% increase.

The median number of days on the market in January 2015 was 41, compared to 46 in 2014. A decrease of 10.9%.

Homes sold for 92.6% of list price in 2015, while they sold at 90.5% in 2014, a 2.3% increase.

In January 2015 there were 2705 active listings on the market, a decrease of 8.3% from 2951 in 2014.

There was a 3.4 month supply of homes for sale in January 2015, compared to 4.2 month supply in 2014, a decrease of 18.5%.

Information deemed reliable, but not warranted.

Brevard County Real Estate Market Report January 2015

Source: Florida Realtors WebsIte with data provided by Florida’s Multiple Listing Service.

Welcoming a Brand New Day

Welcoming a Brand New Day

I take pictures as I enjoy sharing them with others. If you would like to use one of my photos, please ask, I am usually happy to oblige, however I would like to receive mention of having taken the picture.

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

Brevard County Real Estate & Investing

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

Should Broker Price Opinions be Done by Licensed Appraisers?

 

should broker price opinions be done by appraisersShort sales and foreclosed properties are currently causing depressed property values in cities across the country. Well, that’s not news to any of us.

But now, some are now complaining that BPO’s or Broker’s Price Opinions on short sale properties should not be done by local real estate agents. A broker’s price opinion is just that, an opinion of the current value of a property based on comparable sales, typically within the last three months, in the same area as a subject property.

Today, lenders that have an owner requesting their home be short saled are hiring local real estate agents to perform these Broker’s Price Opinions.  The agents are paid varying fees per opinion, depending on where they are in the country.  Fees can be anywhere from $40 per report and up.

A short sale is when a seller negotiates a lower dollar amount than what they owe as a payoff with their mortgage company. For example, a seller may owe $150,000 on their current home. In today’s market their home may only be worth $100,000. But, due to extenuating circumstances; financial hardship, job loss, death, etc, the owner asks the bank to take less than the payoff amount for their home.  So, the bank may agree to accept the $100,000 as the payoff. The bank may or may not require the owner to sign a promissory note, indicating they will pay back the $50,000.

The short sale lenders are using licensed real estate agents for their BPO’s to save money, as a typical appraisal on a home can be $300 and up.  Some appraisers are discontent that they are not being hired to perform these “price opinions” as this is what they are licensed for. 

In May 2009, the National Association of Realtors will take a stand on whether licensed real estate professionals should be performing these BPO’s.

Do you think that licensed real estate professionals should continue performing Broker Price Opinions for these lenders?  Or should the lenders be hiring licensed real estate appraisers for the job?

This article is authored by

Sandy Shores Realtor, Melbourne FL Real Estate

Brevard County Real Estate & Investing

Palm Bay Florida Real Estate News

Another Reminder that We Never Know Which Client May be “The One”

 

another reminder that we never know which client may be the oneYesterday, I received a call from an agent for a showing on one of my listings.  The agent gave me a specific time that she would be at the property.

On this particular property, the seller is home all of the time. He isn’t able to drive, so he doesn’t get out much. At the time of listing, he requested that I not install a lockbox, due to his unusual circumstances, which was fine. He has always been so accomodating to showings at anytime or anyday. He’s terrific!

Yesterday, I called him right after I received the call from the buyers agent. His phone just rang.  No answer. He doesn’t have an answering machine.  So, I called again, no answer. Now this has only happened one other time in trying to set up an appointment. I tried a couple more times to get him.

The other agent’s appointment time was getting closer, so I called her back and explained that I would confirm her appointment as soon as I could reach the owner. 

Well, I continued trying to call and began thinking that perhaps I needed to hop in my vehicle and head over to his place, as this was unusual for him. Now, it was past the time  the other agent requested the showing. Oh, how I hate asking agents to reschedule.  Today, so many buyers come in from out of town and are gone within a day or two.  Tomorrow often times doesn’t work. Or they have found another property by tomorrow.

I decided to call a couple more times.  The owner answered.  I was tickled. Yes, he was fine with someone coming to look at his home.  I called the other agent, as she was out showing properties.  She was in the area and was able to get in to see the property.

Last night, I received a call from the agent that showed the house. Her buyers loved the house and they already left town to head back home. They wrote an offer on the property. Again, I was tickled.

This just reminded me again, of a post that I recently wrote that was inspired by Tony Orefice.  He said that we must make every effort possible to let every potential buyer into our listings, because you never know who will be looking at your home next. It only takes one buyer for each property!

This article is authored by

Sandy Shores Realtor, Melbourne FL Real Estate

Brevard County Real Estate & Investing

Palm Bay Florida Real Estate News

Springtime is My Favorite Time of Year

 

Springtime is My Favorite Time of Year

I love Springtime, when Daylight Savings Time begins. We we set our clocks forward and get an extra hour of daytime in the evenings.  Here in Florida it stays light right now until after 8:00 PM.  The days don’t feel so short.  We often are able to get home now before dark. We get to spend more time enjoying the day and the weather in the evenings. When I don’t have appointments I get to take the dog for a longer walk, go to the park, or just get outside and enjoy the perfect weather. There’s a light breeze and no humidty.  I love it.

The birds are singing, the sky is blue, and everything just seems to be at peace.

Springtime is truly my favorite time of year.

This article is authored by

Sandy Shores Realtor, Melbourne FL Real Estate

Brevard County Real Estate & Investing

Palm Bay Florida Real Estate News