Sept. 20, 2017

Brevard Housing Report August 2017

A quick recap of the Brevard County Residential Report for August 2017:
  • Closed Sales are up 9.3% for August 2017 in which the number of units closed was 961 compared to 879 in August 2016, with an increase in cash sales of 0.4% compared to August 2016.
  • New Pending Sales are up 2.3% and New Listings are up 6.4%.
  • The Median Sales Price for Brevard Single Family homes is up 14.1% to $222,500 compared to a year ago, which was $195,000.
  • Months Supply of Inventory is up 8% to 2.7 months, up from 2.5 months in 2016.
  • Traditional Sales are up 12.1%, with a median sales price of $225,000
  • Foreclosure/REO Sales are down -26%, with a median sales price of $127,300.
  • Short Sale Closings are down -33.3%, with a median sales price of $225,000. 
A quick recap of the Brevard County Townhouses/Condos for August 2017:
  • Closed Sales are down -7.0% for August 2017 in which the number of units closed was 240 compared to 258 in August 2016, with a decrease in cash sales of 23.3% compared to August 2016.
  • New Pending Sales are down -0.4% and New Listings are up 24.2%.
  • Median Sales Price for Townhomes/Condos is down -0.6% to $153,125 compared to a year ago, which was $154,000.
  • Months Supply of Inventory did not change. It was 3.4 months in August 2016 and August 2017.
  • Traditional Sales are down -5%, with a median sales price of $153,125.
  • Foreclosure/REO Sales decreased -42.9 with a median sales price of $145,000. 
  • Short Sale Closings increased 204.4%, with a median sales price of $342,250 in August 2017.

To see these and previous reports on Brevard MLS Statistics, please click here »

Posted in Market Reports
Sept. 16, 2017

September 2017 RE/MAX National Housing Report

Housing Ends Summer Strong; Only Slight Inventory Relief

 

September 2017 RE/MAX National Housing Report

U.S. home sales in August extended a summer of strong demand and weak inventory that once again resulted in listings with short shelf lives. In addition to the normal late summer real estate trends, a primary focus during the next month will be on housing in specific markets affected by natural disasters like devastating wildfires and hurricanes Harvey and Irma.
 
The RE/MAX National Housing Report shows August sales topping July by 2.8%, but finishing 0.84% below August 2016 which remains the best August in the report’s 9-year history. Houston, where Hurricane Harvey made landfall on August 25, already experienced a 21.3% drop in sales from July and a 27.5% decline year-over-year.

 

READ THE FULL PRESS RELEASE!

 

Posted in Market Reports
Sept. 3, 2017

Preparing for Hurricane Season

HURRICANE PREPAREDNESS CHECKLIST

With Hurricane Season upon us it is always good to have your plan of action and checklist in place!   Those of us who endured the 2004 Season of Hurricane's along the Space Coast, we remember all too well that Hurricane Season is not all about Hurricane Parties and being prepared is key.  Here are a few pointers to get you started. 

 

Know your Evacuation Route

If you need to leave, have your plan ready to go.  How many people?  Animals? Food for the road, games to occupy the kiddies and plenty of gas because you will not be alone in your travels.  Many travelers head away for the storm so make sure to be patient and drive safe.   Here is the Evacuation Route for Brevard County.

 

Emergency Supplies

Don't wait for the last minute to get these supplies!  Most of these items you can get and store well in advance!

We recommend having a tote that you can store with Hurricane Supplies such as flashlight, batteries, first aid supplies, medications and copies of your critical paperwork.  Adding ziploc baggies, canned food, etc so it is ready in case a storm comes near.  You will already have important supplies ready to go.

 

Around the home, getting prepared 

Remove anything around your yard that can become a flying projectile.  This includes those lawn chairs, garbage cans, recycling bins, etc.  Bring those inside the garage.

 

If you are staying home

Be prepared to lose your power.  Having an emergency radio and flashlight along with games to keep you occupied through the storm and possibly a couple days afterwards is always good to have.  

Make sure you have an emergency communication plan set up for your family. 

Don't forget to charge up those cell phones and those extra battery packs and have 3 days food & water supply for family and pet members.  (Don't forget to have your manual can opener ready). 

Be sure to know where your nearest Shelter is in Brevard County in case the Storm becomes too much.

Use your ziploc baggies and tupperware and fill them with water and put them in your freezer.  This will give you additional water if needed as well as help keep those refrigerated items colder for a little longer. 

Turn your fridge and freezer to the coldest setting once you know a storm is coming and keep the doors closed as much as possible so that food will last longer if the power goes out.

Fill up your cars gas tank along with additional gas if you can.  This will help avoid those long lines just before or after the storms as well as help with your generator if you have one.

Get extra cash... when the power goes out so does the ability to get cash from ATM's or pay for anything via credit card.

 

 

REALTOR CHECKLIST:

Talk to your Sellers of vacant properties for them to be prepared to protect their properties.

Plan on picking up your yard signs, riders, directionals, etc.

Closings - Make sure you advise your Sellers to keep insurance in place.

 

BREVARD EMERGENCY MANAGEMENT - #PATHWAYTOPREPAREDNESS

RESOURCES:

NOAA - Hurricane Center

Red Cross Checklist

News 13 Hurricane Checklist

Pet Friendly Plans for Shelters

Special Needs Planning - Shelters

Brevard Emergency Management website

Brevard Emergency Management on Facebook

 

 

 

 

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Posted in Around Brevard
Aug. 25, 2017

Brevard County Residential Report for July 2017

A quick recap of the Brevard County Residential Report for July 2017:
  • Closed Sales are down -1.7% for July 2017 in which the number of units closed was 874 compared to 889 in July 2016, with a decrease in cash sales of -9.9% compared to July 2016.
  • New Pending Sales are up 3.3% and New Listings are up 26.5%.
  • The Median Sales Price for Brevard Single Family homes is up 12.2% to $220,000 compared to a year ago, which was $196,000.
  • Months Supply of Inventory is up 7.7% to 2.8 months, up from 2.6 months in 2016.
  • Traditonal Sales are up 1.1%, with a median sales price of $222,000
  • Foreclosure/REO Sales are down -45.3%, with a median sales price of $144,800.
  • Short Sale Closings are down -9.7%, with a median sales price of $158,000. 
A quick recap of the Brevard County Townhouses/Condos for July 2017:
  • Closed Sales are up 18% for July 2017 in which the number of units closed was 223 compared to 189 in July 2016, with an increase in cash sales of 12% compared to July 2016.
  • New Pending Sales are down -5% and New Listings are up 16.5%.
  • Median Sales Price for Townhomes/Condos is up 15% to $161,000 compared to a year ago, which was $140,000.
  • Months Supply of Inventory is down -10.5% to 3.4 months compared to 3.8 months in July 2016.
  • Traditional Sales are up 21.5%, with a median sales price of $164,900.
  • Foreclosure/REO Sales saw no change with a median sales price of $64,000. 
  • Short Sale Closings are down -100%, with no sales in July 2017.

To see these and previous reports on Brevard MLS Statistics, please click here »

Posted in Market Reports
Aug. 25, 2017

RE/MAX Elite Hosts Cyber Fraud Seminar

RE/MAX Elite and Prestige Title of Brevard teamed up to present a Cyber Fraud seminar on August 25th in Suntree. The seminar was formed to educate Realtors on the dangers of wire fraud email scams that are currently plaguing the Real Estate industry.

The Cyber Fraud seminar was in direct response to a notice sent out by the Florida Board of Realtors in August warning of this scam. Hackers are contacting individuals involved in actual real estate transactions and trick them by using sophisticated language and similar email addresses/logos of real estate and title companies. It has been reported that individuals across the U.S. have lost $2,000, $5,000, $10,000 and $220K by wiring money to impostors in other countries.

RE/MAX Elite immediately took steps to halt these hackers in their tracks and protect their clients. Management quickly distributed a Wire Fraud Advisory disclosure form to the company, as well as a Wire Fraud Notice by Florida Board of Realtors for clients so they do not become their next victims. Prestige Title followed up in a timely manner by organizing a "Lunch and Learn" and handing out informational flyers that Realtors can share with their clients. Approximately 35 participants gathered at the Suntree office on Friday to learn how to protect their clients from falling prey to the scheme.

Some of the tips presented by Prestige include:

  • BE VIGILANT. Call, don't email. Confirm your wiring instructions by phone, using a known number before transferring funds. Don't use phone numbers or click links from the email.
  • BE SUSPICIOUS. It's uncommon for title companies to exchange payment info by email.
  • PROTECT YOUR MONEY. Ask the bank to confirm the other party's name on the account before sending the payment.
  • CONFIRM EVERYTHING. If you have wired money within 4 to 8 hours, call the title company or real estate agent to confirm they received it.

If it is too late and you have fallen victim to the wire fraud scam, Prestige Title of Brevard recommends that you immediately call your bank and have them issue a recall notice for your wire transfer, report the crime to www.IC3.gov (FBI Internet Crime Complaint Center), and file a report with the police.

Aug. 23, 2017

Dogs: No Longer a Realtor's Pet Peeve

In celebration of National Dog Day on August 26th, this brings to mind the potential (and not necessarily true) challenge your dogs may present when selling your home. The good news is dogs no longer have a bad rap when it comes to real estate, in general. This is primarily because more and more families are pet owners, with currently 65% of households owning a pet, up from 56% in 1988. More than 79 million U.S. households own a pet, according to a recent survey by the American Pet Products Association.

Since most dog-owners feel like their pet is part of the family (83% percent of pet owners per Packaged Facts research), your four-legged family member also has a say in choosing a new home. This is particularly true for younger buyers. According to a recent survey conducted by Harris Poll for SunTrust Mortgage, 33% of millennial homebuyers’ decision to buy a home was driven primarily by their dog. In fact, dogs outranked weddings (25% cited marriage as their top motivator for buying a home) and kids (only 19% said birth of a child was their prime reason). That being said, it may work in your favor having a dog-friendly home. One example is if your buyer also has a furry friend and is looking for a fenced-in yard just like the one you own, or proximity to a park, like the one down the street. Another positive is the warmth a pet brings to a home in photos (and in person if your dog is well-behaved). Who knows, your lovable Lab could be just the ice-breaker your Realtor needed to seal the deal!

The bad news is you have extra work ahead of you if you are a dog owner. Not that it's hard work, but they are additional items on your to-do list to get your house ready to sell. Here are some tips for showing your dog-friendly home:

  • If your dog likes to jump up on people, escape out the door or otherwise misbehave, avoid this at all costs. This uncontrollable situation could make for a disastrous showing, and might even become an issue of liability.
  • Plan ahead for confinement, the backyard, or have someone take your dog for a walk during showings. If possible, hire a Realtor who owns a dog and/or knows how to handle pet-related issues so they can show your home when you are not available.
  • Put your vacuum cleaner on overdrive, and it is highly recommended you hire a professional cleaner if you have carpet throughout the house.
  • Minimize odors. Air out the house with open windows, and bake cookies or burn mildly-scented candles. Avoid spraying air fresheners since many people have allergies.
  • Make sure your yard is free of holes and doggy doo too! One or two dog toys are OK to have lying around, but keep them to a minimum.
  • Repair any damage to the home that will decrease value. The presence of a dog might raise a red flag and cause the buyer to start looking for flaws such as scratches on doors.

If you have any other questions regarding selling your dog-friendly home, consult your Realtor. Real Estate professionals are there to help you every step of the way!

 

Here are some of our favorite Realtor Pet Photos!

 

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Posted in Sellers
Aug. 22, 2017

Why Sellers Still Need a Realtor Today

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.

In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the first step that “…44% of recent buyers took in the home buying process was to look online at properties for sale.

However, the report also revealed that 96% of buyers who used the internet when searching for homes purchased their homes through either a real estate agent/broker or from a builder or builder’s agent. Only 2% purchased their homes directly from a seller whom the buyer didn’t know.

Buyers search for a home online but then depend on an agent to find the home they will buy (50%), to negotiate the terms of the sale (47%) & price (36%), or to help understand the process (61%).

The plethora of information now available has resulted in an increase in the percentage of buyers who reach out to real estate professionals to “connect the dots.” This is obvious, as the percentage of overall buyers who have used agents to buy their homes has steadily increased from 69% in 2001.

Bottom Line

If you are thinking of selling your home, don’t underestimate the role a real estate professional can play in the process.

Posted in Sellers
Aug. 20, 2017

August 2017 RE/MAX National Housing Report

Home Sales Decreased in July, but Sold at Faster Pace

While July home sales decreased slightly, homes sold at a faster rate than any month in nearly a decade, according to the August RE/MAX National Housing Report that analyzes housing data in 54* metro areas.

July home sales declined 0.8% year-over-year, and the Median Sales Price of $239,950 – while slightly lower than June’s – was 7.4% higher year-over-year. Homes sold quickly in July, with an average 45 Days on Market, a record low for the report.
 
Other notable numbers from this month’s RE/MAX National Housing Report include:
     -Sales increased in 19 metro areas even as home sales declined 0.8% compared to July 2016.
     -The Median Sales Price of $239,950 was the highest for any July in the nine-year history of the report.
     -Inventory dropped 14.1% year-over-year, with 46 metro areas seeing fewer homes for sale or remaining unchanged. Year-over-year, inventory has declined every month since November 2008.
     -Months Supply of Inventory hovered at 3.1 months, a new July low in the report. 

 

 

READ THE FULL REPORT HERE!

 

Posted in Market Reports
Aug. 18, 2017

Cocoa Beach Surf Festival Benefits NKF

Time to put on your best flip-flops, grab the sunscreen, and go support the local surf community and National Kidney Foundation! Taking place on September 1st through the 4th, the 32nd Annual NKF Rich Salick Pro-Am Surf Festival at the Cocoa Beach Pier is the largest charitable surfing tournament in the world. A three-day event chock-full of activities, the schedule includes professional and amateur surfing competitions, stand-up paddleboard and tandem competitions, and a variety of food and entertainment. 

The festival begins with a Registration Party on Friday at Keith's Oyster Bar, and ends with the final heats and award ceremony on Monday. Festivities include a Hawaiian Luau performance and dinner, and surf movie on Saturday, and the "Taste of Brevard and Silent Auction" at the Radisson Resort at the Port on Sunday. All proceeds go to the NKF of Florida to increase awareness of kidney disease, and support programs in patient services, research, public and professional education, and organ donation.

The NKF Surf Festival was originally created by Richard K. Salick. Richard was a 23-year-old, world-class professional surfer when his kidneys failed. Fortunately, he had a very willing donor for a kidney transplant—his identical twin brother, Phil. Only two years out from his kidney transplant, he began focusing attention on the plights of other kidney patients. That year, he and his brother put together their first surfing competition at Cocoa Beach. The first event raised $125 and a year later they raised $1,600, which they personally hand-delivered to dialysis centers.

In 1985, at the urging of Craig Tisher, Region 2 Vice-President of the National Kidney Foundation, the event took on national sponsorship and became the NKF Florida Team Invitational Pro-Am Surfing Tournament. The first sponsored event grossed more than $60,000, seeding the NKF Research Endowment Fund. To date, this event has raised over $4 million, and every year, thousands of people attend the tournament and enjoy the festivities.

On July 2nd, 2012, hundreds of people around the world mourned Richard K. Salick, who passed away during emergency surgery. The 27th annual event was renamed in his honor to the NKF Rich Salick Pro-Am Surfing Festival. The legacy and memory will live on in each and every person that Richard inspired during his lifetime.

For more information, please visit www.nkfsurf.com or call 1-800-927-9659.

 

Posted in Around Brevard
Aug. 17, 2017

Our Home is So Beautiful, It's Art.

Come celebrate and appreciate the beauty of the place we lucky Floridians call home! The Studios of Cocoa Beach presents "Just Florida" art exhibit with a catered reception on August 25th from 6 pm to 9 pm. The Green Turtle Market will provide delicious gourmet bites for guests to enjoy while viewing the artwork on display, listening to music and meeting the artists. A Best of Show Award will be presented during the reception.

The exhibit, which includes a variety of media including oil and acrylic painting, watercolor, photography and jewelry, will run until October 20th. Featured artists from Brevard include Richard Barone, Bill McCoy, Richard Seguso, Patty Corapi, Deborah Mores, Lani Mucha, Kathie Benson, and David McQuinn. It doesn't get any better than a night of food, music and art!

The Studios of Cocoa Beach is a non-profit organization featuring more than 25 local artists, and they also offer workshops for all ages. They are located at 165 Minuteman Causeway in downtown Cocoa Beach. For more information, visit: www.studiosofcocoabeach.org or call 321-613-3480.

Posted in Around Brevard