My Titusville FL Real Estate Blog

FAWN LAKE - MARKET REPORT - May, 2008

There are currently 19 active listings on the market in this lovely gated community in MIMS, Brevard County FL. They range in price from $289,900 for 2104 square feet under air to $899,900 for 5333 square feet under air.  2 are short sales.

$300,000 - $400,000 - 11 listings
$400,000 - $500,000 -  5 listings
$500,000 - $600,000 -  1 listings
$699,700 - 1 listing
$899,900 - 1 listing

There are currently 2 listed properties that are under contract or scheduled to close.  1 is a short sale.

There have been 2 closings in Fawn Lake in 2008: 

5400 Canvasback Dr. closed 1/31/08 - Listed $359,900 Closed $330,000  MLS #489980 (my listing)
5220 Amy Way closed 5/1/08 - Listed $439,900 Closed $405,000  MLS #503012

Most of these beautiful custom homes, sitting on an average of 3/4 acres, are priced in line with today's market. It's a perfect time to buy your dream home.  It is my belief that the market has stabilized and we are entering a period where the public is beginning to understand that a shift is in progress. We're coming out of a buyers' market which began August 2005. It was long and it was hard, but normalcy is returning to the area.  Proposition 1 passed creating added homestead benefits which makes buying right now even more exciting.

If you're thinking of listing and want Absorption Rate information, please call or e-mail
and I will be happy to provide the most current numbers.

If you would like more information on these or other properties in Brevard County please contact me:

Gail MacMillan Broker-Realtor®
Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
Certified Residential Specialist (CRS)
e-PRO Internet Certified (e-PRO)
Graduate Realtor Institute (GRI)
Relocation Specialist
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com   great website - check it out - pass it on
http://activerain.com/blogs/homesweethomeflorida  -  my blog

Area 104 - State Road 50 (Cheney Hwy) to Kings Hwy

107 active listings priced from $70,000 to $799,000
 *8  short sales

17 properties are under contract ranging in price from $89,000 to $875,000
*2 short sales

35 houses have closed in the past 6 months

Applying the Absorption Rate Formula would indicate taking 18.35 months
to absorb the current inventory of homes in this particular area. However
if I add in the homes under contract (without accounting for any new listings
prior to these closings) the absorption period is reduced to 12.34 months.
It is my belief that the market has stabilized and we are entering a period
where the public begins to understand that a shift is in progress. We are
coming out of a buyers' market which began August 2005. It was long and
it was hard, but normalcy is returning to the area. What occured is natural
in the real estate cycle, but I don't think we are headed for a major sellers'
market anytime soon.

THIS IS A BIG IMPROVEMENT OVER THE LAST REPORT DONE 2/22/2008 
IT'S ALL GOOD :-) 

Gail MacMillan Broker-Realtor®
Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
Certified Residential Specialist (CRS)
e-PRO Internet Certified (e-PRO)
Graduate Realtor Institute (GRI)
Relocation Specialist
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com   great website - check it out - pass it on
http://activerain.com/blogs/homesweethomeflorida  -  my blog

This property has been sold

New listing in one of Titusville's nicer subdivisions.  With it's hilly (yes! a hill in Florida :-) entrance, mature trees, and short walk to an excellent Grade School, this quiet neighborhood is a great place to live.  This wonderful starter/downsize home is a terrific buy at a very no-nonsense price.  Here's what you get:

PRICE------------------------------------------------CONDITION---------------------------------------------LOCATION

Charming, sophisticated, and delightfully AFFORDABLE! Great curb appeal and WOW factor on the inside. Feels much larger than it's size. Shows like a model-no disappointment here. High ceilings, open floor plan, tile floors, decorator colors, move-in ready, appliances stay. Large private backyard with shade trees and room for a pool. Close to schools, shopping and airport. You'll be hard-pressed to find a nicer home in as nice an area for the small price tag on this beauty. Come take the tour:-)

Tour link:  http://homesweethomeflorida.com/Listing/VirtualTour.aspx?ListingID=1697353

3 bedrooms, 2 bathrooms, 2 car garage, 1697 square feet, 1242 under air.  Meticulously maintained, squeaky clean, nicely landscaped, great curb appeal AND priced right!

Listed by:  Gail MacMillan
Home Sweet Home Florida Realty

Gail MacMillan Broker-Realtor®
Home Sweet Home Florida Realty, Inc.
At Home With Diversity (AHWD)
Certified Residential Specialist (CRS)
e-PRO Internet Certified (e-PRO)
Graduate Realtor Institute (GRI)
Relocation Specialist
Titusville, Florida
Cell: 321.544.6808

www.HomeSweetHomeFlorida.com   great website - check it out - pass it on
http://activerain.com/blogs/homesweethomeflorida  -  my blog