Brevard Real Estate Continues to Improve
By Bobby Freeman, Florida Realtors® // December 20, 2012
REAL ESTATE REPORT
BREVARD COUNTY, FLORIDA – Does anyone remember playing a broken record and it would keep repeating itself?
Well I believe my monthly real estate reports are starting to sound like a broken record: “There are more closed sales, pending sales are up and in general inventory is down across Florida. I’ll mention once again that prices are up.”
For November 2012 in Brevard County we had 589 single-family homes that sold compared to 492 in 2011 representing a 19.7% increase. Condos and Town Homes are selling as well. 147 closed last month compared to 127 in November 2011, a 15.7% increase.
“It’s amazing how the real estate market has consistently improved over the last year,” said Justin Brown, Broker/Owner of RE/MAX Elite in Brevard County.
“All indicators remain positive and continues to accelerate as the recovery picks up steam. So far our 65 seasoned sales agents have closed $182,099,943 this year compared to $123,473,471 this same time last year. We still feel that the best is yet to come and we are looking forward to starting the 1st quarter of 2013 off with a bang!”
The median sales price, which doesn’t account for any seller concessions and/or down payment assistance, was up 16.2% $122,000 for single-family homes and up 22% $115,015 for Condos and Town Homes.
Our inventory continues to disappear like the most popular Christmas toys flying off store shelves.
Last year in November we had 5,967 available single-family, Condos and Town Homes for sale. Last month there were only 3,388 available representing a 43.5% decline.
We will be wishing that Santa Clause will bring us some lovely Ocean Front Condos and many Single-Family Homes to sell.
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 $150 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.