Wednesday, September 23, 2020

Brevard County MLS Statistics August 2020

A quick note from JoAnn:

The Brevard market is moving swiftly.  Inventory is very low and homebuyers are experiencing multiple offer scenarios in some price points.  The demand is driving prices upward.  If you are a homeowner thinking of selling, this market is good for you.  If you are a buyer, you must stay on top of "new" or "back on the market" listings. This data does not include vacant land.  We are seeing a tremendous increase in vacant land sale also.  Where homebuyers are not finding their dream home, they are turning to builders.

*Data provided by Florida Association of Realtors and the Space Coast Association of Realtors:

A quick recap of the Brevard County Residential Report for August 2020:

  • Closed Sales are up +5.1% for August 2020 in which the number of units closed was 991 compared to 943 in August 2019, with a decrease in cash sales of -8.1% compared to August 2019.
  • New Pending Sales are up +22.1% and New Listings are down -3.5%.
  • The Median Sales Price for Brevard Single Family homes is up +14.7% to
    $268,500 compared to a year ago, which was $234,000.
  • Months Supply of Inventory is down -35.7% to 1.8 months, a decrease from 2.8 months in August 2019.
  • Traditional Sales are up +6.0%, with a median sales price of $269,900.
  • Foreclosure/REO Sales are down -29.4%, with 12 sales and a median sales price of $166,500.
  • Short Sale Closings are down -50.0% with 2 closed sales, and a median sales price of $400,000.
A quick recap of the Brevard County Townhouses/Condos for August 2020:
  • Closed Sales are up +2.7% for August 2020 in which the number of units closed was 270 compared to 263 in August 2019, with a decrease in cash sales of -8.2% compared to August 2019.
  • New Pending Sales are up +24.5% and New Listings are up +14.8%.
  • Median Sales Price for Townhomes/Condos is up +20.4% to $222,750 compared to a year ago, which was $185,000.
  • Months Supply of Inventory is down -22.9% to 2.7 months in August 2020 from 3.5 months in August 2019.
  • Traditional Sales are up +3.5%, with a median sales price of $223,000.
  • Foreclosure/REO Sales are down -100.0%, with 0 closed sales compared to 2 closed sale in August 2019.
  • Short Sale Closings are unchanged with 1 closed sales in August 2020 compared to 1 closed sale in August 2019, and a median sales price of $92,000.
JoAnn Young, Young & Young Properties
Serving Brevard since 1999
321-243-4917

Wednesday, August 12, 2020

July 2020 MLS Statistics for Brevard County, FL

Data provided by the Space Coast Association of Realtors

A quick recap of the Brevard County Residential Report for Q2 2020:

  • Closed Sales are down -16.1% for Q2 2020 in which the number of units closed was 2,533 compared to 3,018 in Q2 2019, with a  decrease in cash sales of -35.0% compared to Q2 2019.
  • New Pending Sales are up +2.5% and New Listings are down -6.0%.
  • The Median Sales Price for Brevard Single Family homes is up +5.7% to $255,000 compared to a year ago, which was $241,250.
  • Months Supply of Inventory is down -27.6% to 2.1 months, a decrease from 2.9 months in Q2 2019.
  • Traditional Sales are down -15.4%, with a median sales price of $256,690.
  • Foreclosure/REO Sales are down -41.8%, with 39 sales and a median sales price of $159,950.
  • Short Sale Closings are down -37.5% with 5 closed sale, and a median sales price of $158,000.

A quick recap of the Brevard County Townhouses/Condos for Q2 2020:

  • Closed Sales are down -26.3% for Q2 2020 in which the number of units closed was 584 compared to 792 in Q2 2019, with a decrease in cash sales of -27.2% compared to Q2 2019.
  • New Pending Sales are down -10.6% and New Listings are down -21.7%.
  • Median Sales Price for Townhomes/Condos is up +7.3% to $203,000 compared to a year ago, which was $189,125.
  • Months Supply of Inventory is down -20.5% to 3.1 months in Q2 2020 from 3.9 months in Q2 2019.
  • Traditional Sales are down -26.0%, with a median sales price of $205,000.
  • Foreclosure/REO Sales are down -40.0%, with 6 closed sales and a median sales price of $105,000.
  • Short Sale Closings are down -100.0% with 0 closed sales in Q2 2020 compared to 1 closed sale in Q2 2020.
JoAnn Young, Licensed Realtor, 321-243-4917
Serving Brevard County in Real Estate and Finance since 1996

Thursday, July 23, 2020

MLS Statistics June 2020


Data provided by the Space Coast Association of Realtors, Brevard County, FL
A quick recap of the Brevard County Residential Report for June 2020:
  • Closed Sales are up +13.6% for June 2020 in which the number of units closed was 1,050 compared to 924 in June 2019, with a decrease in cash sales of -1.7% compared to June 2019.
  • New Pending Sales are up +30.6% and New Listings are down -2.8%.
  • The Median Sales Price for Brevard Single Family homes is up +4.8% to $260,000 compared to a year ago, which was $248,000.
  • Months Supply of Inventory is down -27.6% to 2.1 months, a decrease from 2.9 months in June 2019.
  • Traditional Sales are up +12.6%, with a median sales price of $262,750.
  • Foreclosure/REO Sales are up +88.9%, with 17 sales and a median sales price of $157,500.
  • Short Sale Closings are up +300.0% with 4 closed sales in June 2020 compared to 1 closed sale in June 2019.
A quick recap of the Brevard County Townhouses/Condos for June 2020:
  • Closed Sales are down -3.3% for June 2020 in which the number of units closed was 231 compared to 239 in June 2019, with a increase in cash sales of +15.0% compared to June 2019.
  • New Pending Sales are up +11.1% and New Listings are down -22.8%.
  • Median Sales Price for Townhomes/Condos is up +8.8% to $217,500 compared to a year ago, which was $200,000.
  • Months Supply of Inventory is down -20.5% to 3.1 months in June 2020 from 3.9 months in June 2019.
  • Traditional Sales are down -1.7%, with a median sales price of $217,500.
  • Foreclosure/REO Sales are down -100.0%, with 0 sales and a median sales price of $0.
  • Short Sale Closings are down -100.0% with 0 closed sales in June 2020 compared to 1 closed sale in June 2019.
JoAnn Young, Young & Young Properties 321-243-4917