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Current Brevard County Real Estate News

Home Buyer Tips: Be Patient. Be Impatient.

25 Nov 2015 10:00:04 PS

When buying a home patience is a much needed behavior as long as one knows when to be patient and when not.In a real estate market like the Brevard County, Florida residential market in November 2015, sellers have the advantage.Within reason sellers can often price optimistically because most other sellers seem to be pricing optimistically as well.  Of course, it is ultimately up to the buyer to make an offer.The challenge for buyers is when the house they really want shows up on the market but the price is a bit optimistic.  That is the nature of the current market.Buyers must understand the market will eitherbring an offer at the optimistic price, convince the seller to negotiate a lower price, motivate the seller to withdraw the listing from the market.The challenge for buyers is balancing their needs and wants with a price that is acceptable.If that involves waiting in hopes the seller will be convinced to lower the price then the risk must be understood.  An offer may come in and your search will be back on.But if the house is really the one that fits your needs, wants and budget, listen to your real estate agent.Look at the comparables with an understanding of the market (prices are rising).   Then, with decision made, go forward with haste if an offer is in the works.But, if the total package (price and terms) is not acceptable, be patient!The key is be patient when necessary, impatient when required and, unemotional always - until closing.   Emotions can cause a bad decision.Sellers must be careful to not overestimate their position of advantage.   A house that lingers on the market for too long is often perceived to have problems.Here are a few articles sellers may find helpful.What does a seller do when the offer comes the first week?What is wrong with 700 days on the market?What Signals Are You Sending?Name Your Price, Someone Will List It!Ready to sell your Viera, Florida home?  I can help!  Please call or text me at 321-693-3850.


Real Estate 101: Denying the Real Market Does Not Change the Real Estate Market.

24 Nov 2015 04:00:00 PS

Buying and selling a house is about one thing - expectations.  Buyers have expectations.  Sellers have expectations.When they meet, deal done!  But sometimes that is easier said. Whether working with buyers or sellers, as a Melbourne, Florida real estate agent, I must bring expectations into a reality focus.A couple of weeks ago I met with a home owner who thought his home was worth "at least $800,000."   This seller had put a couple of hundred thousand dollars in updates at some time over the past few years.This owner's expectation of value illustrates a common view among owners.  That is, their home is the absolute best in the neighborhood and the price should recognize the differences.    Then recently I was working with buyers who seemed to think all list prices were high.  Indeed there are some over priced homes on the Brevard County market as it does favor sellers right now.Every house is different.  Every seller is different.  Every situation is different.  Some sellers price to sell now.  Some price to sit.  Some sellers are motivated.  Some sellers can wait. Some buyers are tire kickers. Some buyers are ready to jump.This morning I heard a commercial on the radio that started out with  "Do you think you are fat?  It could be you are just bloated."I have no clue what they were selling but it reminded of buyers and sellers at times who are in denial of the real real estate market.   Sellers should remember the ultimate price they receive will reflect condition, location, competition and circumstances of the sale.  Buyers likewise should remember the same.A local knowledgeable real estate agent will keep buyers and sellers focused on the real market and not some misconception garnered from dated information on the Internet or personal bias.If you are thinking about selling your Melbourne, Florida home take a look at these eight articles and then give me a call (or text) at 321-693-3850 or send me an email if I can help you in any way.Is your home "dated?"  Selling a home that is just like the others.  Reality based Price, Reality Based Offer...the Real Deal!  Why get a pre-listing inspection in a seller's market?  Before You List Your Home, Do This.  Easy Fixes Before Listing Your Home  Why were the buyers in and out so quickly?  Pricing, Preparation, Presentation - The Three Ps to Selling a Home.If you are thinking about buying a  Melbourne or Viera, Florida home give me a call (or text) at 321-693-3850 or send me an email.


Brevard County, Florida Residential Real Estate Market - October 2015 vs. October 2014

23 Nov 2015 15:00:06 PS

The below recap of the Brevard County, Florida residential market (single family detached homes) for October 2015 compared to October 2014 is provided by Space Coast Realtors.Closed Sales are down -10.3% for October 2015  with 763 units closed  compared to 851 closings in October 2014.  Cash Sales decreased by -29.6% compared to October 2014.New Pending Sales increased 44.7%.New Listings saw a slight increase of 3.8% above the October 2014 new listings.Median Sales Price for Brevard County single family homes climbed 15.4% to $165,000 over October 2014's $143,000.Months Supply of Inventory decreased -3.7% to 2.9 months vs. 3.0 months in October 2014Traditional Sales are up 5.7% with a median sales price of $175,000.Foreclosure/REO Sales are down -53.5% with a median sales price of $125,000.Short Sale Closing are down -45.9% with a median sales price of $113,625.For information on buying a home in Brevard County, Florida (Melbourne , Viera and Rockledge), please call or text me at 321-693-3850.


Brevard County, Florida Condo Market - October 2015 vs. October 2014

23 Nov 2015 12:36:34 PS

The Brevard County, Florida townhouse and condo market in October 2015 compared to October 2014 as provided by Space Coast Realtors:Closed Sales - Barely higher (0.9%) for October 2015 with 213 units closed compared to 211 in October 2014.Cash Sales  -  Decreased 10% over 2014 cash closings for townhouses and condos.New Pending Sales - Up 60.1%.New Listings - Down -1.6%.Median Sales Price for Townhomes/Condos -  Up 6.2% to $138,000 compared to a year ago, which was $130,000.Months Supply of Inventory - Down -11.3% to 3.3 months vs. 3.8 months in October 2014.Traditional Sales -  Up 10.8% with a median sales price of $144,000.Foreclosure/REO Sales -  Down -26.3% with a median sales price of $100,000.Short Sale Closing - Down -85.7% with a median sales price of $52,000.


Chelsea Park in Rockledge, Florida - Market Update - Homes For Sale

16 Nov 2015 16:00:10 PS

Chelsea Park subdivision in Rockledge Florida offers homeowners deed restricted living in a centrally located development near everything.  Chelsea Park's relatively low association fees, amenities (community park with outdoor basketball/playground), proximity to several golf courses and shopping keep the homes in demand. Typical Look Chelsea ParkLocated very close to I-95 and US1, commuting from Chelsea Park to Melbourne,  Kennedy Space Center, Patrick Air Force Base or the beaches is very easy.    Orlando and the attractions are also less than an hour away.Children living in Chelsea Park attend Manatee Elementary in Viera, McNair Middle School and Rockledge High School (verify school boundaries here).  Currently there are six homes for sale in Chelsea Park. List prices range from $259,000 to $315,000 for these current listings.   Four of these homes for sale are priced in the $259,000 to $269,900 range.   All six homes are standard sales with the year of construction spanning 1997 to 2016 (new construction).  The homes all offer larger floor plans with most 2,300 to 2,700 sq.ft. under air conditioning.  Three have three car garages as well.  Pools are less common with only two of these homes having an in-ground pool (no community pool).   There are another three homes under contract awaiting closing.There were no closings within Chelsea Park during the month of October 2015.  The last three sales occurred in September 2015.Homes sold included:320 Brookcrest Circle - 2002 built 2,108 sq.ft. four bedroom two bath with three car garage and pool sold for $290,000 (09/08/15)427 Heathrow Circle - 1997 built 2,671 sq.ft. two story  four bedroom two and a half bath pool home which sold as a short sale for $225,000 (09/09/15).462 Stonehenge Circle - 2001 built five bedroom four bathroom pool home with 3,483 sq.ft. sold for $350,000 (09/01/15).For information on homes for sale in Chelsea Park and Rockledge, Florida, call or text me at 321-693-3850 or send me an email. This is a great time to sell your Chelsea Park home as well.  

Waters Realty of Brevard LLC  welcomes you to our comprehensive real estate website covering all of Brevard County, Florida.  Just some of the the cities and communities we serve include Melbourne, Viera, Suntree, Merritt Island, Rockledge, Cocoa Beach, Satellite Beach, Port St John, Cape Canaveral, Indian Harbour Beach, and West Melbourne.

None of the mega web sites provide more accurate Melbourne, Viera, Suntree, Merritt Island, Rockledge, Cocoa Beach, Satellite Beach, Port St John, Cape Canaveral, Indian Harbour Beach, and West Melbourne real estate market information than you’ll find here.  Have a question, send me an email!

For buyers there is detailed area and neighborhood information and a great listing search page. For sellers we provide information and data to help you to ready your home for market and to list it so it sells.

The Brevard County, Florida real estate market is made up of diverse and interesting communities and neighborhoods. We’ll tell you about each of them and let you narrow your search to the very best for you.

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Gary Waters

3270 Suntree Blvd #2218
Melbourne  Florida 32940

321-693-3850 (direct)

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