Brevard County Real Estate is going quickly these days!

Well it's been an interesting few years to say the least. We have been extremely busy at Tropical Realty in Brevard County Florida. Over the past few months our sales have doubled and it's very obvious to us that we finally have hit bottom. Most people don't realize that we actually started our decline about 6 months ahead of most of the country. With that said, it makes sense that we would hit bottom first.

So how do I know we are at the bottom? It's pretty easy to see. Our inventory is down from 8,000 at the peak to 4900 right now...almost half. On top of that, just about every home that is priced correctly is selling within 30-60 days and the best properties have multiple offers on them.

It's pretty funny actually what happens. We work hard to educate our buyer by supplying them with stats. For instance, homes right now are selling at 91.8% on the list price on average with the lower homes selling at over 95% of the list price. Of course our customers don't believe us. I can understand that with all the national media saying that Florida is in so much trouble. However, once they lose a house or two to other buyers they start paying attention. An Agent of mine said it well. She said that everyone is paying attention to the national media, but Real Estate is a local commodity. She is so right.

If you are seriously thinking about buying that retirement home or vacation home or even your first home so you can take advantage of the $8,000 credit currently available, then this is probably the time to get your best deal. Actually it was two months ago, but right now our prices are stable and with interest rates at or around 5%, I can't think of a better time.

And if you are looking for condos, there are some great deals. A few years ago you couldn't touch an Oceanfront condo for under $500k. Now we have some that are at $300k and some less. There was a one bedroom one bath last week, on the Ocean, for $89k. As you can guess, this was gone within a day or so....it's also not the norm!

At Tropical Realty, most of our customers come from out of state. Last year we were the number 1 Brokerage in Buyer Transactions than any other office in the county (out of 500 offices). We are very proud of this as it shows that hundreds of customers have put their trust in us to help with their relocation to Brevard County. If you would like to look at homes, you can click here to start.

We are always here to help. If you would like to talk to an Agent, call 321-259-9115. Our phones are answered by real people every day, 7 days a week.