REAL ESTATE MARKET WATCH: Residential Median Sales Price Up 3.3 Percent In Brevard

By  //  December 23, 2016

Share on Facebook Share on Twitter Share on LinkedIn Share on Delicious Digg This Stumble This

Closed Sales are up 12.8% for November

ABOVE VIDEO: RE/MAX researches 53 major metropolitan markets and analyzes the data to get a pulse on the US housing market. See below for more information about your local real estate market and what these trends mean for you.

BREVARD COUNTY, FLORIDA – Brevard County residential real estate median sales price in November for Brevard single family homes is up 12% to $189,000 compared to a year ago, which was $168,750.

For Brevard County Townhouses/Condos for November 2016 compared to November 2015, the median sales price is up 3.3% to $142,000 compared to a year ago, which was $137,500.

Brevard County Residential Report notes for November 2016 compared to November 2015:

• Closed Sales are up 12.8% for November 2016 in which the number of units closed was 715 compared to 634 in November 2015, with a decrease in cash sales by -23% compared to November 2015.

• New Pending Sales are down -7.2% and New Listings are up 5.3%.

• The Median Sales Price for Brevard Single Family homes is up 12% to $189,000 compared to a year ago, which was $168,750.

• Months Supply of Inventory is down -13.8% at 2.5 months compared to 2.9 months in November 2015.

• Traditional Sales are up 21.4%, with a median sales price of $194,950.

• Foreclosure/REO Sales are down -33.8%, with a median sales price of $127,500.

• Short Sale Closings are down -55.6%, with a median sales price of $130,000.

Brevard County residential real estate median sales price in November for Brevard single family homes is up 12% to $189,000 compared to a year ago, which was $168,750.

Brevard County Townhouses/Condos notes for November 2016 compared to November 2015:

• Closed Sales are up 17.3% for November 2016 in which the number of units closed was 203 compared to 173 in November 2015, with a increase in cash sales of 13.3% compared to November 2015.

• New Pending Sales are up 9% and New Listings are up 15.9%.

• Median Sales Price for Townhomes/Condos is up 3.3% to $142,000 compared to a year ago, which was $137,500.

• Months Supply of Inventory is up 9.1% to 3.6 months compared to 3.3 months in November 2015.

• Traditional Sales are up 20.5%, with a median sales price of $145,000.

• Foreclosure/REO Sales are down -20%, with a median sales price of $100,500.

• Short Sale Closings are down -50%, with a median sales price of $115,500.

For Brevard County Townhouses/Condos for November 2016 compared to November 2015, the median sales price is up 3.3% to $142,000 compared to a year ago, which was $137,500.

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 including the prestigious RE/MAX Hall of Fame Award.

Bobby Freeman

Bobby Freeman

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 $300 million.

Among McCoy-Freeman Group’s achievements are RE/MAX Hall of Fame, RE/MAX Platinum Club, Certified Luxury Home Marketing Specialist (CLHMS), 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 News, News 13, WKMG News 6, Coastal Condo Living Magazine, Hot Retirement Towns Magazine and SpaceCoastDaily.com.

For more information log on to BrevardRealtyConnection.com

CLICK HERE FOR MORE REAL ESTATE NEWS IN BREVARD COUNTY


Click here to contribute your news or announcements Free