BREVARD REAL ESTATE MARKET WATCH: When Is the Best Time of the Year To Buy, Sell?
By Bobby Freeman, Realtor // May 7, 2017
BREVARD REAL ESTATE MARKET WATCH
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.
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.
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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.
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