Current Market Trends: West Melbourne, FL
Rusty Melle • September 3, 2024
Hello Buyers and Sellers,
Let's dive into the real estate metrics for our current market. The Months Supply of Inventory is at 4.11, indicating a balanced market where supply and demand are relatively equal. However, the 12-Month Change in Months of Inventory has increased by a significant 94.79%, showing a shift towards more inventory available.
The Median Days Homes are On the Market is 70, which is slightly higher than average but still within a reasonable timeframe. This could be due to the increase in inventory mentioned earlier. Despite this, the List to Sold Price Percentage is at a strong 97.7%, indicating that sellers are able to sell their homes close to their asking price.
The Median Sold Price is $420,000, showing a stable market with prices holding steady. This is good news for both buyers and sellers as it indicates a healthy and sustainable market.
Overall, these metrics suggest a market that is in a state of transition, with more inventory becoming available but prices remaining steady. Buyers may have more options to choose from, while sellers can still expect to receive strong offers on their homes.
Thank you for tuning in, and feel free to reach out if you have any questions or are interested in buying or selling in this market.
🏡 Attention Buyers and Sellers in Melbourne, FL! 🏡 As a REALTOR®, I'm excited to share the latest market trends with you. Currently, there is a 4.11 Months Supply of Inventory with a +94.79% increase over the last 12 months. The List to Sold Price percentage is 97.7% and the Median Sold Price is $420,000. If you're thinking about buying or selling, now is a great time to make a move! #MelbourneRealEstate #MarketTrends
🏡 Attention Buyers and Sellers in Melbourne, FL! 🏡 As a REALTOR®, I'm excited to share the latest market trends with you. Currently, there is a 4.11 Months Supply of Inventory with a +94.79% increase over the last 12 months. The List to Sold Price percentage is 97.7% and the Median Sold Price is $420,000. If you're thinking about buying or selling, now is a great time to make a move! #MelbourneRealEstate #MarketTrends
## Spotlight on West Melbourne, FL: A New Hot Spot to Visit – **The Hub Social** West Melbourne, FL, has a new go-to destination that’s making waves among locals and visitors alike—**The Hub Social**. This trendy new spot is redefining what it means to socialize, dine, and unwind on the Space Coast. Whether you’re looking for a unique place to grab a bite, enjoy craft cocktails, or simply relax with friends, The Hub Social is quickly becoming the place to be. ### A Fresh Concept in West Melbourne The Hub Social brings something fresh and exciting to West Melbourne. Located in the heart of the city, this modern venue combines the best of dining, entertainment, and socializing in one vibrant space. With its sleek industrial design, open layout, and lively atmosphere, The Hub Social is designed to be more than just a restaurant—it’s a social experience. ### Diverse Dining Options One of the standout features of The Hub Social is its diverse culinary offerings. The venue hosts a rotating selection of food trucks and pop-up eateries, providing visitors with an ever-changing array of flavors and cuisines. From gourmet burgers and tacos to vegan delights and global street food, there’s something for every palate. If you’re in the mood for something more permanent, The Hub Social also features a full-service restaurant with a menu that emphasizes fresh, locally sourced ingredients. The chef-driven menu offers a range of dishes that showcase creative twists on classic favorites, making it the perfect spot for a casual lunch, a date night dinner, or a weekend brunch. ### Craft Cocktails and Local Brews No social hotspot would be complete without a top-notch beverage program, and The Hub Social delivers on that front as well. The bar serves up an impressive selection of craft cocktails, many of which are inspired by local flavors and ingredients. Whether you’re a fan of a classic Old Fashioned or looking to try something new like their signature Space Coast Mule, the skilled bartenders are ready to mix up something special. Beer enthusiasts will also find plenty to love at The Hub Social. The venue features a curated list of local craft beers on tap, showcasing some of the best breweries from across Florida’s Space Coast. Whether you prefer a hoppy IPA, a smooth lager, or a rich stout, you’ll find something to sip and savor. ### Entertainment and Events The Hub Social is more than just a place to eat and drink—it’s a hub of entertainment and events. The venue regularly hosts live music performances, trivia nights, and themed events that draw crowds from all over the area. The outdoor patio, complete with cozy fire pits and comfortable seating, is the perfect spot to enjoy a live band on a warm Florida evening. For those who enjoy a little friendly competition, The Hub Social also offers a variety of games, including cornhole, giant Jenga, and shuffleboard. It’s the perfect place to gather with friends for a fun night out or to meet new people in a relaxed, welcoming environment. ### A Community-Oriented Space At its core, The Hub Social is all about bringing people together. The owners have made it a priority to create a space that feels welcoming to everyone, whether you’re a local resident or a visitor passing through. The venue often partners with local businesses and artists, offering a platform for community engagement and collaboration. Additionally, The Hub Social is committed to sustainability and giving back to the community. The venue employs eco-friendly practices, such as using compostable materials and minimizing waste, and regularly hosts charity events and fundraisers to support local causes. ### Why The Hub Social is a Must-Visit West Melbourne’s social scene just got a major upgrade with the opening of The Hub Social. This dynamic new spot is quickly becoming a favorite among those in the know, offering a one-of-a-kind experience that combines great food, drinks, and entertainment in a stylish, community-focused setting. Whether you’re a local looking for a new hangout or a visitor exploring the Space Coast, make sure to add The Hub Social to your list. With its welcoming vibe, diverse offerings, and commitment to the community, it’s a place where you’ll want to return again and again.
## Discovering West Melbourne, FL: A Hidden Gem on Florida’s Space Coast Nestled along Florida’s Space Coast, West Melbourne is a charming city that offers a unique blend of natural beauty, suburban tranquility, and proximity to some of the state’s most exciting attractions. Often overshadowed by its more famous neighbors, West Melbourne is a hidden gem waiting to be discovered. Whether you’re a nature lover, a history buff, or simply looking for a peaceful place to settle down, West Melbourne has something for everyone. ### A Brief History of West Melbourne West Melbourne’s history is deeply intertwined with the development of Florida’s Space Coast. Established in 1959, the city was initially a small, unincorporated community. Over the years, as the nearby Kennedy Space Center and other aerospace industries grew, so did West Melbourne. Today, it is a thriving city that combines the charm of a small town with the conveniences of modern living. ### Natural Beauty and Outdoor Activities One of the most appealing aspects of West Melbourne is its access to natural beauty and outdoor activities. The city is surrounded by lush parks, scenic trails, and pristine waterways, making it a haven for nature enthusiasts. Maxwell C. King Cente r is a local favorite, offering a serene environment for picnicking, hiking, and bird-watching. The center’s trails meander through wetlands and pine flatwoods, providing visitors with a glimpse of Florida’s unique ecosystems. For those who love water activities, Melbourne Beach is just a short drive away. Here, you can enjoy swimming, surfing, fishing, or simply relaxing on the sandy shores of the Atlantic Ocean. The nearby **Indian River Lagoon** also offers opportunities for kayaking, paddleboarding, and wildlife watching. ### Shopping and Dining West Melbourne boasts a variety of shopping and dining options that cater to all tastes and preferences. The Hammock Landing shopping center is a popular destination, featuring a mix of big-name retailers, boutique shops, and diverse dining establishments. Whether you’re looking for the latest fashion trends or a unique gift, you’re sure to find it here. When it comes to dining, West Melbourne doesn’t disappoint. The city is home to a wide range of restaurants, from casual eateries to fine dining establishments. Whether you’re in the mood for fresh seafood, Italian cuisine, or classic American dishes, you’ll find plenty of options to satisfy your cravings. ### Family-Friendly Attractions West Melbourne is an ideal destination for families, offering a variety of attractions and activities that cater to all ages. Andretti Thrill Park is a must-visit for families with children. This amusement park features go-kart racing, mini-golf, laser tag, arcade games, and more, ensuring hours of fun for the whole family. For a more educational experience, consider visiting the **Brevard Zoo**, located just a short drive from West Melbourne. The zoo is home to over 900 animals from around the world and offers interactive experiences like feeding giraffes and kayaking through the zoo’s African exhibit. ### A Growing Community with a Bright Future West Melbourne is more than just a great place to visit—it’s also a wonderful place to live. The city has experienced significant growth in recent years, with new residential developments, schools, and businesses springing up to accommodate the influx of new residents. Despite this growth, West Melbourne has managed to retain its small-town charm, making it an attractive option for those looking to escape the hustle and bustle of larger cities. ### Proximity to Space Coast Attractions One of the biggest advantages of living in or visiting West Melbourne is its proximity to the attractions of Florida’s Space Coast. The Kennedy Space Center, one of the most iconic landmarks in the region, is just a short drive away. Here, visitors can learn about the history of space exploration, view actual spacecraft, and even witness a rocket launch if the timing is right. Additionally, West Melbourne is close to the Historic Downtown Melbourne area, which offers a variety of shops, restaurants, and cultural attractions. Whether you’re interested in art galleries, live music, or simply strolling through charming streets, Historic Downtown Melbourne has something to offer. ### Conclusion West Melbourne, FL, is a city that truly has it all—natural beauty, a welcoming community, and easy access to some of Florida’s most exciting attractions. Whether you’re visiting for a weekend or considering making it your new home, West Melbourne is sure to leave a lasting impression. Discover this hidden gem on Florida’s Space Coast and see for yourself why so many people are choosing to call West Melbourne home.
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