Brevard Real Estate Sales Volume Up 19 Percent
By Bobby Freeman, Florida Realtors® // June 2, 2013
Ave. Days on Market drops from 117 days to 99
BREVARD COUNTY, FLORIDA – According to the latest housing data released by Florida Realtors®, Florida’s housing market once again reported more closed sales, rising median prices, increased pending sales, more new listings and a lower inventory of homes for sale last month.
This represents the 16th month in a row that the Florida real estate market has seen the median sales price increase year-over-year for both single-family homes and townhome/condo properties.
In Brevard the number of single-family homes, townhomes and condos that sold in April 2013 (1,152) increase over 19 percent compared to April 2012 (968). The average sales price increased 11.48 percent from $143,525 to $160,002 according to the Brevard MLS.
The Average Days on Market in Brevard dropped over 15 percent from 117 days to 99 days indicating more and more buyers are entering the market. Also now that the real estate market is going up in most markets, some sellers that were unsuccessful in selling their homes a few years ago are now re-listing for sale with positive results.
11,183 TOWNHOUSE-CONDOS SOLD IN APRIL
Florida Realtors® reported that sellers received over 93 percent of their original listing price in April for single-family homes and condos.
“You will know right away if a property is priced too good because buyers are lining up to view with offers following soon after” says RE/MAX Hall of Fame Realtor Jennifer McCoy. “If there are multiple offers on a new listing then chances are good that the final sales price could be over the asking price” says McCoy.
Looking at Florida’s year-to-year comparison for sales of townhouse-condos, a total of 11,183 units sold statewide last month, up 13.6 percent compared to April 2012. Meanwhile, pending sales for townhouse-condos last month increased 22.7 percent compared to the year-ago figure.
Statewide closed sales of existing single-family homes totaled 20,662 in April, up 17.4 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations.
According to the National Association of Realtors (NAR), the national median sales price for existing single-family homes in March 2013 was $185,100, up 12.1 percent from the previous year. In California, the statewide median sales price for single-family existing homes in March was $378,960; in Massachusetts, it was $290,000; in Maryland, it was $241,413; and in New York, it was $220,000.
So how is the real estate market doing now in your area?
ABOUT THE AUTHOR
Bobby Freeman, a life-time resident of Brevard County, has been a top Realtor in the area for two decades. In his first year as an agent, Freeman received a Rising Star award from his Brokers. Since then he has achieved numerous sales awards and has recently been presented with the prestigious RE/MAX Hall of Fame Award.
Freeman, Jennifer McCoy and Nikki McCoy Freeman are family partners for RE/MAX Elite’s McCoy-Freeman Group. Together they have more than 30 years of extensive experience in all aspects of the real estate industry and have sold over $180 million. Among McCoy-Freeman Group’s achievement are RE/MAX Hall of Fame, RE/MAX 100% Club, Certified Distressed Property Experts (CDPE), Accredited Buyer’s Representative (ABR) and voted Best Realtor in Brevard County. The group has been featured in many news publications including CNN Money Magazine, CNNMoney.com, WFTV 9 ABC News, Coastal Condo Living, & Hot Retirement Towns Magazine and SpaceCoastDaily.com.
For more information log on to BrevardRealtyConnection.