Monday, April 26, 2021

Brevard County, FL MLS Statistics for March 2021

 Information provided by the Space Coast Association of Realtors

 A quick recap of the Brevard County Residential Report for March 2021:

 

·    Closed Sales are up +13.9% for March 2021 in which the number of units closed was 1122 compared to 985 in March 2020, with an increase in cash sales of +41.0%.

·    New Pending Sales are up +29.7% and New Listings are down -10.0%.

·    The Median Sales Price for Brevard Single Family homes is up +7.9% to $280,000 compared to a year ago, which was $259,571.

·    Months Supply of Inventory is down -66.7% to 0.9 months, a decrease from 2.7 months in March 2020.

·    Traditional Sales are up +15.5%, with a median sales price of $280,000.

·    Foreclosure/REO Sales are down -75.0%, with 4 closed sales and a median sales price of $168,000.

·    Short Sale Closings are down -50.0% with 1 closed sales and a median sales price of $215,000.

 

A quick recap of the Brevard County Townhouses/Condos for March 2021:

 

·    Closed Sales are up +31.6% for March 2021 in which the number of units closed was 371 compared to 282 in March 2020, with an increase in cash sales of +35.6%.

·    New Pending Sales are up +97.1% and New Listings are up +14.1%.

·    Median Sales Price for Townhomes/Condos is up +7.3% to $220,000 compared to a year ago, which was $205,000.

·    Months Supply of Inventory is down -62.9% to 1.3 months in March 2021 from 3.5 months in March 2020.

·    Traditional Sales are up +32.0%, with a median sales price of $220,000.

·    Foreclosure/REO Sales are down with 0 closed sales compared to 1 closed sales in March 2020.

·    Short Sale Closings are unchanged with 0 closed sales in March 2021 and 0 closed sales in March 2020.


JoAnn Young, Young & Young Properties

321-243-4917

JoAnn@MyFLDreamHome.com

Friday, April 23, 2021

Pending sales rise, Median price rises & Inventory low in Florida

The Florida market is crazy right now.  The statewide median sales price for single-family existing homes for the month of March was $327,000 up 18.9% from the previous year.

 See the full story reported here from Florida Realtors


JoAnn Young, Sales Asssociate

Young & Young Properties

321-243-4917

JoAnn@MyFLDreamHome.com

Tuesday, March 23, 2021

February MLS Statistics for Brevard County, FL

Home prices continue to increase.  Inventory is limited.


A quick recap of the Brevard County Residential Report for February 2021 from the Space Cost Association of Realtors: 

·    Closed Sales are up +22.7% for February 2021 in which the number of units closed was 853 compared to 695 in February 2020, with an increase in cash sales of +34.9%.

·    New Pending Sales are up +1.7% and New Listings are down -7.8%.

·    The Median Sales Price for Brevard Single Family homes is up +10.8% to $274,720 compared to a year ago, which was $248,000.

·    Months Supply of Inventory is down -57.7% to 1.1 months, a decrease from 2.6 months in February 2020.

·    Traditional Sales are up +26.1%, with a median sales price of $275,000.

·    Foreclosure/REO Sales are down -81.8%, with 4 closed sales and a median sales price of $213,000.

·    Short Sale Closings are up +33.3% with 4 closed sales and a median sales price of $230,400. 

A quick recap of the Brevard County Townhouses/Condos for February 2021:

·    Closed Sales are up +21.9% for February 2021 in which the number of units closed was 256 compared to 210 in February 2020, with an increase in cash sales of +49.4%.

·    New Pending Sales are up +22.0% and New Listings are up +6.2%.

·    Median Sales Price for Townhomes/Condos is down -2.7% to $205,000 compared to a year ago, which was $210,750.

·    Months Supply of Inventory is down -45.5% to 1.8 months in February 2021 from 3.3 months in February 2020.

·    Traditional Sales are up +23.7%, with a median sales price of $205,000.

·    Foreclosure/REO Sales are down with 0 closed sales compared to 3 closed sales in February 2020.

Short Sale Closings are unchanged with 0 closed sales in February 2021 and 0 closed sales in February 2020. 

JoAnn Young 
Young & Young Properties 
321-243-4917