Friday, April 23, 2021

Pending sales rise, Median price rises & Inventory low in Florida

The Florida market is crazy right now.  The statewide median sales price for single-family existing homes for the month of March was $327,000 up 18.9% from the previous year.

 See the full story reported here from Florida Realtors


JoAnn Young, Sales Asssociate

Young & Young Properties

321-243-4917

JoAnn@MyFLDreamHome.com

Tuesday, March 23, 2021

February MLS Statistics for Brevard County, FL

Home prices continue to increase.  Inventory is limited.


A quick recap of the Brevard County Residential Report for February 2021 from the Space Cost Association of Realtors: 

·    Closed Sales are up +22.7% for February 2021 in which the number of units closed was 853 compared to 695 in February 2020, with an increase in cash sales of +34.9%.

·    New Pending Sales are up +1.7% and New Listings are down -7.8%.

·    The Median Sales Price for Brevard Single Family homes is up +10.8% to $274,720 compared to a year ago, which was $248,000.

·    Months Supply of Inventory is down -57.7% to 1.1 months, a decrease from 2.6 months in February 2020.

·    Traditional Sales are up +26.1%, with a median sales price of $275,000.

·    Foreclosure/REO Sales are down -81.8%, with 4 closed sales and a median sales price of $213,000.

·    Short Sale Closings are up +33.3% with 4 closed sales and a median sales price of $230,400. 

A quick recap of the Brevard County Townhouses/Condos for February 2021:

·    Closed Sales are up +21.9% for February 2021 in which the number of units closed was 256 compared to 210 in February 2020, with an increase in cash sales of +49.4%.

·    New Pending Sales are up +22.0% and New Listings are up +6.2%.

·    Median Sales Price for Townhomes/Condos is down -2.7% to $205,000 compared to a year ago, which was $210,750.

·    Months Supply of Inventory is down -45.5% to 1.8 months in February 2021 from 3.3 months in February 2020.

·    Traditional Sales are up +23.7%, with a median sales price of $205,000.

·    Foreclosure/REO Sales are down with 0 closed sales compared to 3 closed sales in February 2020.

Short Sale Closings are unchanged with 0 closed sales in February 2021 and 0 closed sales in February 2020. 

JoAnn Young 
Young & Young Properties 
321-243-4917

Monday, January 25, 2021

Brevard County, FL MLS Stats for December 2020

 


From the Space Coast Association of Realtors and Florida Realtors: 

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

·    Closed Sales are up +15.8% for December 2020 in which the number of units closed was 1,034 compared to 893 in December 2019, with an increase in cash sales of +21.4% compared to December 2019.

·    New Pending Sales are up +19.5% and New Listings are up +8.9%.

·    The Median Sales Price for Brevard Single Family homes is up +8.9% to $270,000 compared to a year ago, which was $248,000.

·    Months Supply of Inventory is down -46.2% to 1.4 months, a decrease from 2.6 months in December 2019.

·    Traditional Sales are up +17.5%, with a median sales price of $271,000.

·    Foreclosure/REO Sales are down -66.7%, with 7 closed sales and a median sales price of $209,900.

·    Short Sale Closings are up with 2 closed sales and a median sales price of $328,050 compared to 0 closed sales in December 2019.

 

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

 

·    Closed Sales are up +3.6% for December 2020 in which the number of units closed was 261 compared to 252 in December 2019, with an increase in cash sales of +16.9% compared to December 2019.

·    New Pending Sales are up +33.9% and New Listings are down -1.7%.

·    Median Sales Price for Townhomes/Condos is up +16.2% to $223,000 compared to a year ago, which was $191,850.

·    Months Supply of Inventory is down -28.1% to 2.3 months in December 2020 from 3.2 months in December 2019.

·    Traditional Sales are up +4.4%, with a median sales price of $223,000.

·    Foreclosure/REO Sales are down -100.0%, with 0 closed sale compared to 2 closed sale in December 2019.

·    Short Sale Closings are unchanged with 0 closed sales in December 2020 and 0 closed sales in December 2019.

JoAnn Young, Young & Young Properties   JoAnn@MyFLDreamHome.com  321-243-4917