Current Brevard County Real Estate News
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Preparing to Sell Your Home: Pre-List Efforts Pay!

25 May 2016 04:31:23 PD

In a market where the prices are rising slowly and appraisals can sometimes be challenging.  In such a market some sellers wonder if a  pre-listing appraisal will help them. I have never suggested a pre-listing appraisal while on a listing appointment.   While an appraisal does consider what has sold it does not evaluate and advise based on current competition. A seller needs to set their price based on the current competition, listing prices and recent sold properties. However, an appraisal only considers sold properties.  And these sold properties may have gone under contract two or more months ago.  Now if there was  a major difference in my comps and the seller's thinking then I may invite the appraisal.Sellers should be confident that a local real estate agent can provide a market analysis to establish the price point.  Of course, it is the seller's job to accept, reject or recommend a different listing price.  Most often, sellers go with their professional as that is why they hired them!Pre-listing inspections can very often help a great deal.  Many times a seller will be confident their home is in excellent condition.  Still, most sellers have never been on the roof, in the attic or tested the appliances for efficiency and function.  This is especially true when it comes to an older house.Preparation is key.  That is something I always recommend. I showed a house last week that has been on the market for almost a month.  It was beyond awful.  The pet smells, the filth, the kitchen...I do not know where to begin.Will the prospective buyers go back or even keep it on their short list?  I know the answer...No!Sellers have only one chance to make the cut!  That is true even in a seller's market like Brevard County, Florida.

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Sunset Bay Condos in Merritt Island, Florida - Market Update May 2016

20 May 2016 12:00:32 PD

Sunset Bay Condos in Merritt Island, Florida (Brevard County) offer residents a gated waterfront community with a resort feel.  This gated complex, built in 1986, has its own riverfront dock with water access, a huge pool, fitness center, clubhouse, hot tub, tennis courts and more.  And with association dues starting at just over $200 a month offers some attractive prices for condo ownership in Florida!  Association dues are just over $200 a month for one bedroom units and in the $400/month range for larger units.  What is for sale at Sunset Bay?There was a time not too many years ago where there were lots of units for sale including foreclosures and short sales.  But the real estate scenery in Brevard County, Florid has changed!Currently there are only two condo units for sale in Sunset Bay in Merritt Island, Florida.  Both of these are standard sales and tend toward the larger units available in the complex where the the units range from about 500 sq.ft. to about 1,200 sq.ft. under air.   Both of these are two bedroom two bath standard sales with list prices ranging from $89,900 to $119,000.  The higher priced unit is closer to the pool with a better view.... always about location!What has recently sold in Sunset bay?Over the previous six months there have been seven sales in Sunset Bay as reported in the Brevard MLS system.   All of these sales were standard sales.Selling prices ranged from $59,900 to $84,900.  While the range of selling prices seems large a closer review reveals six of the sales were closed in a narrow price range ($59,900 and $65,000).   Also size matters...four of these units were one bedroom and one bathroom units.  The highest priced sale was similar to the current listings (2 bedroom 2 bath with 1,155 sq.ft. under air).For information on condos for sale in Merritt Island, call or text me at 321-693-3850. 

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Brevard County, Florida Residential Real Estate Market Summary April 2016

19 May 2016 13:30:47 PD

Below is a summary of the Brevard County residential market for April 2016 compared to April 2015 as provided by the Florida Realtors..  Closed Sales - decreased 3.6% in April 2016 with 881 units closed compared to 914 in April 2015.Cash Sales - dropped 14.2% compared to April 2015.New Pending Sales - down 20.5%.New Listings - up 4.9%Median Sales Price for Brevard Single Family homes - up 16.1% to $179,900 compared to a year ago which was $155,000.Months Supply of Inventory - up 3.4% at 3 months vs. 2.9 months last year.Traditional Sales - increased 11.8% with a median sales price of $185,000.Foreclosure/REO Sales - down 59.2% with a median sales price of $112,143.Short Sale Closings - down 53.8% with a median sales price of $83,000.For information on buying a home in Florida call or text me at 321-693-3850. 

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Brevard County, Florida Condo Market Summary Report April 2016

19 May 2016 10:36:16 PD

This is a summary of the Brevard County, Florida townhouse and condo market for April 2016 compared to April 2015 as provided by the Florida Realtors. The condensed version....prices about the same with fewer distressed sales. Closed Sales - increased  8.4% for April 2016  with 257 units closed compared to 237 in April 2015.Cash Sales - decreased  6.8% vs. to April 2015.New Pending Sales - decreased 11.6%.New Listings - up 13.7%Median Sales Price for Townhomes/Condos - remained the same at $140,000.Months Supply of Inventory - dropped 2.3% to 4.2 months compared to 4.3 months in April 2015.Traditional Sales - climbed 21.6% with a median sales price of $147,500.Foreclosure/REO Sales - dropped 61.8% with a median sales price of $69,500.Short Sale Closings - down 50.0%, with a median sales price of $109,000.For information on buying a condo in Florida, call or text me at 321-693-3850.  

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Fairway Lakes at Viera - Gated Executive Homes For Sale in Viera - Market Update May 2016

19 May 2016 06:00:13 PD

Fairway Lakes at Viera is one of two communities that offers custom built executive homes on the Duran Golf Course.  The other is Wyndham at Duran which has a manned gated entry with homes priced a higher (around a million dollar plus or minus) as most are custom built, with larger lots and more desirable views. Fairway Lakes at Viera convenient to Viera High School, shopping and restaurants at The Avenues Viera, Viera Hospital, Brevard Zoo and much more.  Fairway Lakes offers a central location with easy access to I-95 with Orlando less than an hour away. Fairway Lakes at Viera is more than a home...its a lifestyleTypical Fairway Lakes HomeCurrently there are seven homes listed for sale in Fairway Lakes at Viera.  List prices range from $475,000 (low for this community) to $723,683 (new construction).The median list price of homes for sale in Fairway Lakes is $579,900.  Home sizes range from 2,724 square foot (highest priced home) to 3,279 square foot (having either four or five bedrooms and three or four bathrooms with two-three car garage). These homes were all constructed between 2007 and 2016 with most  built after 2012.  All of these are standard sales. and share some similar characteristics like tile roof and paver drives as well as being custom built.Currently there are also two homes under contract awaiting close.Typical Fairway Lakes HomeOver the past six months there have been six homes sold in Fairway Lakes at Viera as reported in the Brevard MLS system.   Selling prices ranged from $515,000 to $630,000.The most recent sales (since April 1, 2016) included: Selling for $595,572 on April 22, 2016, was 3071 Tryall Court.  This 4,476 sq.ft. home offered  four bedrooms five bathrooms and a three car garage was new construction by D.R. Horton Builders.3098 Lamanga Drive sold for $515,000 on April 29, 2016.  This 3,100 sq.ft. four bedroom three and a half bath lake front home with direct fairway views was built in 2014.For information on homes for sale in the Duran Golf Course area of Viera, call or text me at 321-693-3850.

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

Broker/Owner

Waters Realty of Brevard LLC

3270 Suntree Blvd #2218
Melbourne  Florida 32940

321-693-3850 (direct)

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