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 of these were foreclosures 14 of these were short sales
$ 251,000 - $ 500,000 12 properties 1 of these was a foreclosure 4 of these were 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.
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Full time professional serving your buying, selling & investing needs on Florida's Space Coast. I can assist with your short sale or relocation. I buy, sell, rent, own & manage investment properties.
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You have the best photos with your postings!
Debra, Thanks, there are so many beautiful spots here to catch a great shot. It's easy when you live in an area as gorgeous as ours.
Sandy, I agree with Debra. Your photos are great.
Sandy - I see loads of pressure on the entry level market there, just like here! But heck with the statistics, I love your gorgeous picture!
Hi Sandy, That photo is stunning, I really like the black reeds and the tree set against the sea and sky! I noticed priced below 250K is a good place to be in your market. Thanks for the stats.
I just stopped by like others Sandy to say what an absolutely beautiful photo.
Sandy, I not only like the picture, I found the statistics very interesting...
If it all looks like this, Sandy, sign me up! How gorgeous! Good luck with the housing market. Those numbers appear promising.
Sandy, beautiful photo! It sounds as if your market is on the rise with multiple offers, we are seeing them too!
I love the photo you included with your market report.
Hi SS,
Glad to see that the market by you is picking up..hopefully it will sway to less foreclosures and more resales.
Hi TOTO, Glad you enjoyed the photo.
Myrl, There are some great prices in our area.
Hi Mary, Yes, under $250K is definitely the place to be in this market.
Gary, Glad you enjoyed the picture. It was taken on Lake Washington here in Melbourne Florida.
Thanks Paul, I can always count on you.
Heather, The numbers are promising, and we hope the market will continue in a positive direction.
Caren, Love to hear that your market is experiencing multiple offers also.
Wendy, Glad you loved the photo. It's an absolutely gorgeous spot.
Hi TO, The market has been brisk recently. Business has been good. Time will tell us whether we see more foreclosures.
Sandy - I love your stats but your photo is absolutely gorgeous. Now, I know why my old landlord moved there years ago.
Sandy,
I want to visit this stop and enjoy the beauty.
Ann