Ready to find your dream condo in Satellite Beach, FL? Let the Carpenter Kessel Team help you navigate the real estate market and find the perfect new home that meets all your needs and desires.
Florida's Satellite Beach housing market reflects a competitive environment with notable price changes. Homes in Satellite Beach typically receive an average of 1 offer and sell within approximately 79 days. In May 2023, the median sale price of homes in Satellite Beach was $637,000, indicating a 5.7% increase compared to the previous year. Additionally, the median sale price per square foot in Satellite Beach is $329, which has decreased by 3.2% since last year.
During May 2023, the housing market in Satellite Beach experienced an upward trend in median home prices, with a 5.7% increase compared to the previous year. Homes in this area typically spend an average of 79 days on the market, indicating a slightly longer duration than 37 days during the last year. The number of homes sold in May this year was 32, representing an 11.1% decrease compared to the previous year.
The recent data suggests that the Satellite Beach housing market is experiencing moderate growth in median prices, although homes are taking longer to sell. It remains competitive, with homes typically selling within 79 days.
Looking to buy a condo in the beautiful coastal city of Satellite Beach, Florida? This guide answers the most frequently asked questions to help you find the perfect property and make an informed decision.
Satellite Beach offers a variety of condos, including oceanfront units, luxury penthouses, and affordable options for first-time buyers. You can choose from high-rise buildings, mid-rise complexes, and boutique properties depending on your preferences and budget.
The price of condos varies based on location, amenities, and size. Typically, condos range from $250,000 to over $1 million for luxury units. Oceanfront properties tend to be on the higher end of the spectrum.
Yes, many condos in Satellite Beach are pet-friendly, although policies vary by complex. Some properties have restrictions on the size, number, or breed of pets allowed. It's best to confirm with the homeowner's association (HOA) before purchasing.
The Satellite Beach real estate market is competitive and dynamic, with high demand for coastal properties. Homes often sell quickly, so it's essential to work with an experienced local real estate agent who understands the area.
Condo complexes in Satellite Beach often provide amenities such as swimming pools, fitness centers, private beach access, covered parking, and recreational facilities. Some luxury complexes may also include concierge services, spa facilities, and 24/7 security.
HOA fees vary depending on the property and amenities offered. On average, fees range from $300 to $800 per month. These fees usually cover maintenance of common areas, utilities, and amenities like pools or gyms.
Yes, financing options are available for purchasing condos in Satellite Beach. Buyers can secure a mortgage from banks, credit unions, or other lenders. It's essential to check if the condo complex is FHA or VA-approved for specific loan types.
Rental policies differ by property. Some condos allow short-term rentals, while others have restrictions or require a minimum rental period. Be sure to verify rental rules with the HOA if you're considering renting out your condo.
Most condos in Satellite Beach are conveniently located near shopping centers, restaurants, schools, parks, and recreational activities. The area also offers quick access to nearby cities like Melbourne and Cocoa Beach.
Key considerations include location, proximity to the beach, amenities, HOA fees, property condition, and potential rental income. Working with a local real estate agent can also simplify the process and help you find the perfect property.
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