Sunday, June 9, 2024

The Dangers of an Overpriced Property

Agents study their market and derive at a price they believe they can effectively sell.  Here are the dangers of overpricing a property:

Sunday, June 2, 2024

Brevard County MLS Statistics for April 2024

 

MLS Statistics - April 2024


You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties.




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

Data provided by Space Coast Association of Realtors and Florida Association of Realtors


  • Closed Sales are up 5.6% for April 2024 in which the number of units closed was 1,033 compared to 978 in April 2023, with an increase in cash sales of 3.4%.
  • New Pending Sales are up 8.3% and New Listings are up 28.4%.
  • The Median Sales Price for Brevard Single Family homes is up 6.7% to $384,000 compared to a year ago, which was $360,000.
  • Months' Supply of Inventory is up 71.4% to 3.6 months, an increase from 2.1 months in April 2023.
  • Traditional Sales are up 5.6% with a median sales price of $385,000.
  • Foreclosure/REO Sales are up 80.0% with 9 closed sales and a median sales price of $230,000.
  • Short Sale Closings down -100.0% with 0 closed sales reported with a median sales price of (no sales).


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


  • Closed Sales are down -2.0% for April 2024 in which the number of units closed was 249 compared to 254 in April 2023, with an increase in cash sales of 16.8%.
  • New Pending Sales are up 13.1% and New Listings are up 49.5%.
  • The Median Sales Price for Brevard Townhouses/Condos is up 10.0% to $330,000 compared to a year ago, which was $300,000.
  • Months' Supply of Inventory is up 110.3% to 6.1 months, an increase from 2.9 months in April 2023.
  • Traditional Sales are down -2.4% with a median sales price of $330,000.
  • Foreclosure/REO Sales are N/A with 1 closed sale and a median sales price of $167,000.
  • Short Sale Closings are N/A with 0 closed sales reported.

JoAnn Young
Real Estate Broker
321-243-4917