BREVARD REAL ESTATE MARKET WATCH: When Is the Best Time of the Year To Buy, Sell?

By  //  May 7, 2017

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BREVARD REAL ESTATE MARKET WATCH

Anyone that lives beachside full-time knows that we have a huge influx of tourists in the winter months know as “snow bird-season.”

BREVARD COUNTY, FLORIDA – Anyone that lives beachside full-time knows that we have a huge influx of tourists in the winter months know as “snow bird-season.”  

Tens of thousands of snowbirds visit our beautiful Space Coast every year, and State Road A1A gets congested, golf courses and restaurants are beyond full. 

So one might think that this is the best time for real estate sales? Well actually the answer is no. The only affect snowbirds have on our local real estate is the high demand for winter rentals.

Rental rates are about double compared to the summer time. Open house signs quadruple along A1A during snow bird season so again you would think sales would be more, right? No.

Snowbird season begins when it starts snowing up north but the real demand for seasonal rentals starts after Thanksgiving. Depending on the weather up north most snowbirds usually fly back north in March.

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Below are all closed MLS sales for Cocoa Beach and Cape Canaveral

                 2015   2016   2017

April             84     83     80

March           95     95     87

February      58     58     58

January        57     56     57

December    57     68

November    55     65

October        64     58

September   70     80

August         77     91

July              78     67

June             95     92

May              87     95

As you can clearly see there are more real estate sales in the summer/spring months and less in the snowbird months.  Home sellers, especially beachside, be ready for the hot season of spring and summer sales. However, the best time to buy a home or condo is when you find one that you love.

Don’t trust the dreaded Zillow “Zestimate,” CLICK HERE to find out why. 

Home vales are up, and for a professional accurate estimate of your home’s current value, contact me at 321-693-1694 or mccoyfreemangroup@gmail.com

CLICK HERE FOR MORE BREVARD COUNTY REAL ESTATE NEWS

ABOUT THE AUTHOR

Bobby Freeman

Bobby Freeman

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.

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

TO SEE CONDO LISTINGS LOG ON TO CocoaBeachCondoGallery.com


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