3,562 Properties For Sale Currently In Brevard
By Bobby Freeman, Florida Realtors® // February 28, 2013
REAL ESTATE NEWS FLASH
BREVARD COUNTY, FLORIDA – The U.S. had 61,000 completed foreclosures in January 2013, down from 75,000 in January 2012, for a year-over-year decrease of 17.8 percent, according to CoreLogic’s National Foreclosure Report released today marking the 15th straight month for a decline.
About 1.2 million homes were in some stage of foreclosure in the U.S. (the foreclosure inventory ) in January. One year earlier, that number was 1.5 million, for a 21 percent drop, according to CoreLogic. The foreclosure inventory dropped 3.3 percent from December to January. About three out of every 100 homes with a mortgage (2.9 percent) were part of the foreclosure inventory in January.
“The backlog of distressed assets continues to fade,” says Mark Fleming, chief economist for CoreLogic.
“The foreclosure inventory has fallen to a level not seen since mid-2009 . The improvement is widespread as only six states and 13 of the largest 100 metro areas had an increase in the foreclosure rate year over year.”
As of today there are 489 bank-owned properties available for sale in Brevard County according to Brevard MLS, 390 single-family homes, 70 condos and 29 townhouses.
Currently there are a total of 3,562 single-family homes, condos and townhouses for sale in Brevard County.
So far this year, 280 bank-owned properties have sold compared to 176 at the same time last year in Brevard.
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.