Melbourne Area Blog

The number of foreclosure filings in Brevard has fallen significantly this year. The number of foreclosures is higher in some areas of the county than others. Brevard is a large and diverse county. In some areas, the market seems to be levelling, while in others there is a way to go. The beachside communities of Satellite Beach, Indian Harbour Beach, Indialantic and Melbourne Beach semm to be the least affected. Following is a snapshot of a few areas...

Satellite Beach/Indian Harbour Beach Single Family Homes:

For Sale: 101 ... Short Sales: 15 ... Bank Owned (Foreclosed): 2

Satellite Beach/Indian Harbour Beach Oceanfront Condos:

For Sale: 61... Short Sales: 4... Bank Owned (Foreclosed): 1

Indialantic/Melbourne Beach Single Family Homes:

For Sale: 95.... Short Sales: 8 ... Bank Owned (Foreclosed): 2

Indialantic/Melbourne Beach Ocenafront Condos:

For Sale: 49 ... Short Sales: ... 3... Bank Owned (Forclosed): 3

Suntree/Viera Single Family Homes:

For Sale: 291 ... Short Sales: 43 ... Bank Owned (Foreclosed): 11

Palm Bay Single Family Homes:

For Sale: 460 ... Short Sales: 221 ... Bank Owned (Foreclosed): 28

Brevard County Single Family Homes Totals:

For Sale: 2726 ... Short Sales: 748 .... Bank Owned (Foreclosed): 144

Note: Palm Bay is the largest city in the county encompassing almost 64 sq. miles