Almost all of Palm Bay is technically "Port Malabar" subdivision. It is broken down into units such as Port Malabar Unit 2, etc. For this reason, it seems like "Port Malabar" subdivision has an overwhelming amount of homes for sale but thats because you are looking at essentially all of Palm Bay which is a huge area. Take a look at the Answer below for additional info on Palm Bay sales and please feel free to visit my website at www.staceysells.com to request a FREE Market Report. This will show you current listings and sales and give you an up to the minute idea of sales data and market conditions in Palm Bay. Thank you! Best Wishes and please contact me if I can help!
As a Palm Bay resident myself and long time Realtor, I believe that comes down to shear numbers. Palm Bay is the 2nd largest City in Florida in land mass. As you can imagine, that coupled with the fact that many people were buying and building in Palm Bay during the real estate boom and subsequent crash, Palm Bay was hit hard, thereby many Homeowners were unable to hold onto their homes for one reason or another.
Palm Bay has many nice areas and is certainly the most affordable area in Southern Brevard when you look at price per square foot. As with any area, having an experienced Realtor in your corner can ensure that you are an informed Buyer. Your agent can provide you with market research and any negative factors that might affect value on a particular home, as well as, tips and strategies for maximizing your long term return/gains in equity.
I would be happy to do some research on your behalf and help you find your next property! Contact me at staceykhammer@gmail and feel free to visit my website at http://www.staceysells.com for more info. Best Wishes!"