Friday, January 31, 2025

Know the Rules Before you Buy in an HOA!

Navigating HOA Rules: Considerations for Real Estate Agents, Buyers and Sellers

The number of homes that fall under a homeowners association is rapidly growing, and real estate professionals play an important role in educating their clients about the pros and cons of HOAs.

Click here to read more! https://www.nar.realtor/magazine/real-estate-news/navigating-hoa-rules-considerations-for-real-estate-agents-buyers-and-sellers?lrh=00e18e5a2307f5b331c68171fad735ce57436822f296a5198e15037c1c42220b&nwsltr=navnar


JoAnn Young
Owner/Broker
321-243-4917



Wednesday, January 22, 2025

Annual MLS Statistics for Brevard County, FL 2024

 Brevard County 2024 Annual MLS Statistics

Information provided by Space Coast Association of Realtors and Florida Association of Realtors.

A quick recap of the Brevard County Residential Report for Annual 2024:


  • Closed Sales are down -2.3% for Annual 2024 in which the number of units closed was 10,152 compared to 10,396 in Annual 2023, with a decrease in cash sales of -9.8%.
  • New Pending Sales are up 0.3% and New Listings are up 10.9%.
  • The Median Sales Price for Brevard Single Family homes is up 5.0% to $379,125 compared to a year ago, which was $361,000.
  • Months' Supply of Inventory is up 25.0% to 4.0 months, an increase from 3.2 months in Annual 2023.
  • Traditional Sales are down -2.6% with a median sales price of $379,900.
  • Foreclosure/REO Sales are up 45.1% with 74 closed sales and a median sales price of $246,000.
  • Short Sale Closings are up 33.3% with 8 closed sales and a median sales price of $295,000.


A quick recap of the Brevard County Townhouses/Condos for Annual 2024:


  • Closed Sales are down -9.3% for Annual 2024 in which the number of units closed was 2,346 compared to 2,587 in Annual 2023, with a decrease in cash sales of -13.8%.
  • New Pending Sales are down -6.7% and New Listings are up 12.6%.
  • The Median Sales Price for Brevard Townhouses/Condos is down -1.3% to $295,000 compared to a year ago, which was $299,000.
  • Months' Supply of Inventory is up 44.9% to 7.1 months, an increase from 4.9 months in Annual 2023.
  • Traditional Sales are down -9.3% with a median sales price of $295,000.
  • Foreclosure/REO Sales are 0.0% with 9 closed sales and a median sales price of $167,000
  • Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales.)
JoAnn Young
Broker / Owner
Florida Realtor
321-243-4917

Thursday, December 19, 2024

MLS Statistic for Brevard County, FL November 2024

Provided by the Spact Coast Association of Realtors and the FL Association of Realtors 

A quick recap of the Brevard County Residential Report for November 2024:

  • Closed Sales are down -20.8% for November 2024 in which the number of units closed was 630 compared to 795 in November 2023, with a decrease in cash sales of -32.8%.
  • New Pending Sales are up 6.6% and New Listings are up 10.9%.
  • The Median Sales Price for Brevard Single Family homes is up 3.5% to $380,000 compared to a year ago, which was $367,000.
  • Months' Supply of Inventory is up 40.0% to 4.2 months, an increase from 3.0 months in November 2023.
  • Traditional Sales are down -20.6% with a median sales price of $380,000.
  • Foreclosure/REO Sales are down -33.3% with 2 closed sales and a median sales price of $202,360.
  • Short Sale Closings are down -100.0% with 0 closed sales and a median sales price of (no sales).

 

A quick recap of the Brevard County Townhouses/Condos for November 2024:

 

  • Closed Sales are down -20.3% for November 2024 in which the number of units closed was 137 compared to 172 in November 2023, with a decrease in cash sales of -39.1%
  • New Pending Sales are down -23.4% and New Listings are up 2.7%.
  • The Median Sales Price for Brevard Townhouses/Condos is up 9.8% to $315,000 compared to a year ago, which was $287,000.
  • Months' Supply of Inventory is up 57.8% to 7.1 months, an increase from 4.5 months in November 2023.
  • Traditional Sales are down -20.3% with a median sales price of $315,000.
  • Foreclosure/REO Sales are N/A with 0 closed sales reported.
  • Short Sale Closings are N/A with 0 closed sales reported.

JoAnn Young, Owner/Broker
Young & Young Properties