Posted: 1/6/2013 7:19:57 AM EDT
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How is the housing market in the Brevard County/Melbourne area? I'm looking at purchasing an investment home for the future and would like to know how things look there. I've been looking for about eight months and have been seeing a decrease, is that still happening? I got to get out from behind the lines...  Kongo |
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Everything depends on location.
Beach side is doing very good this year. Prices have risen in some cases 10 to 20 percent. Inventory is low. I'm speaking of Indialantic and Melbourne Beach area. This is in the 200 to 300K price range, high end is very slow. North in Cocoa or even Satellite I don't know about. Inland, I would say the market is still recovering. |
| Things in and around the Suntree/Viera/Melbourne/Rockledge area are till less than they were a few years back. Within the price range you listed you could get a nice house in that area with little problem. I would not suggest Cocoa for any reason unless your looking in Canaveral Groves and even then it's a crap shoot. I can suggest a good Realtor if you need one. |
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homes in my neighborhood have increased nicely from what I paid in late 2010. I am on the water so that helps but things are definetly improving. Most everyone getting canned from the cape is gone or has moved. I dont see many new foreclosures coming. location, location, location. Chose accordingly but they arent making anymore water front property. 
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| I'm not sure about the east coast but over on the southern gulf coast prices have stopped dropping for the most part except a few areas like North Port. Even seeing a little bit of new construction in Southern Manatee county (Lakewood Ranch) and a few parts of Sarasota. |