Thursday, October 22, 2020

MLS Statistics for Brevard County, FL September 2020

 

 Information obtained from the Space Coast Association of Realtors


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

 

·    Closed Sales are up +29.3% for September 2020 in which the number of units closed was 1,002 compared to 775 in September 2019, with an increase in cash sales of +28.6% compared to September 2019.

·    New Pending Sales are up +35.2% and New Listings are up +10.0%.

·    The Median Sales Price for Brevard Single Family homes is up +8.3% to $260,000 compared to a year ago, which was $240,000.

·    Months Supply of Inventory is down -42.9% to 1.6 months, a decrease from 2.8 months in September 2019.

·    Traditional Sales are up +30.7%, with a median sales price of $260,000.

·    Foreclosure/REO Sales are down -50.0%, with 7 sales and a median sales price of $254,900.

·    Short Sale Closings are up +100.0% with 2 closed sales, and a median sales price of $142,250.

 

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

 

·    Closed Sales are up +25.1% for September 2020 in which the number of units closed was 274 compared to 219 in September 2019, with an increase in cash sales of +55.3% compared to September 2019.

·    New Pending Sales are up +23.8% and New Listings are up +16.6%.

·    Median Sales Price for Townhomes/Condos is down -5.0% to $190,000 compared to a year ago, which was $199,990.

·    Months Supply of Inventory is down -26.5% to 2.5 months in September 2020 from 3.4 months in September 2019.

·    Traditional Sales are up +25.2%, with a median sales price of $190,000.

·    Foreclosure/REO Sales are down -100.0%, with 0 closed sales compared to 1 closed sale in September 2019.

·    Short Sale Closings are up +100.0% with 1 closed sale in September 2020 compared to 0 closed sales in September 2019.


JoAnn Young, Licensed Sales Associate

Young & Young Properties

Serving Brevard County since 1996

321-243-4917

JoAnn@MyFLDreamHome.com 

Thursday, October 1, 2020

Sales top Pre-Covid Levels


Sales top pre-pandemic levels.  From the National Association of Realtors: Read the story



JoAnn Young, Licensed Sales Associate

Young & Young Properties

321-243-4927

JoAnn@MyFLDreamHome.com 

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