Thursday, September 6, 2018

A Recent Review from My Sellers in Palm Bay, FL

I received this review from a recent client!

"We cannot say enough great things about our Realtor, JoAnn Young!!  Our house was only listed for 6 days before being placed under contract.  We listened to her recommendations, followed her advice and the sale happened FAST!!  Her experience, expertise and guidance has been incredible.  She works extremely well with people and has such a sweet spirit about her.  Our house has some challenges with the plumbing but JoAnn was right there to guide us through getting the work done fast and efficient.  We would definitely recommend her to our family, friends and anyone in need of one, great Realtor.  Thank you JoAnn.  Your company should be so very proud to have you on their team. - M & K Czernik -  7/16/2018

Wednesday, August 29, 2018

Tuesday, August 28, 2018

Layoffs to Come from Wells Fargo

Wells Fargo to lay off 638 employees due to home sales slowing.  Notably in the Northeast.
Read the article here.  Home sales slow

-JoAnn Young -  Realtor, Young & Young Properties, Melbourne, Florida 321-243-4917

Wednesday, August 22, 2018

July 2018 MLS Statistics for Brevard County, FL


A recap of the housing statistics for July 2018 in Brevard County, FL - Data provided by the Space Coast Association of Realtors

MLS Statistics - July 2018

A quick recap of the Brevard County Residential Report for July 2018:
  • Closed Sales are up 9.6% for July 2018 in which the number of units closed was 958 compared to 874 in July 2017, with an increase in cash sales of 0.5% compared to July 2017.
  • New Pending Sales are down -6.2% and New Listings are down -9.4%.
  • The Median Sales Price for Brevard Single Family homes is up 4.1% to $229,000 compared to a year ago, which was $220,000.
  • Months Supply of Inventory is up 10.7% to 3.1 months, an increase from 2.8 months in 2017.
  • Traditional Sales are up 11.3%, with a median sales price of $230,000.
  • Foreclosure/REO Sales are down -34.5%, with a median sales price of $140,000.
  • Short Sale Closings are down -20%, with a median sales price of $140,000. 
A quick recap of the Brevard County Townhouses/Condos for July 2018:
  • Closed Sales are up 28.7% for July 2018 in which the number of units closed was 287 compared to 223 in July 2017, with an increase in cash sales of 14.3% compared to July 2017.
  • New Pending Sales are up 2.4 % and New Listings are down -8.4%.
  • Median Sales Price for Townhomes/Condos is up 6.1% to $170,750 compared to a year ago, which was $161,000.
  • Months Supply of Inventory has decreased to 3.3 months in July 2018 from 3.4 months in July 2017.
  • Traditional Sales are up 31.2%, with a median sales price of $174,100.
  • Foreclosure/REO Sales are down -37.5% with a median sales price of $117,000. 
  • Short Sale Closing statistics did not change, as there were no short sales in July 2017 or July 2018.
Realtor JoAnn Young, Young & Young Properties - 321-243-4917