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

Tuesday, July 7, 2020

Deer Run Vacant Land Sales YTD June 30, 2020

In our neighborhood of DEER RUN the volume of vacant land sales is up!  In 2019 there were a total of  7 vacant land sales.  Year to date in June 2020 we are already at 10 sales.  Much of the popularity is due to the development of the new I95 interchange which is scheduled to open soon.  The volume of land sales continue to increase and with it comes an increase in property value due to the demand.  It is believed that this southern area of Brevard county is the next to be developed.  Personally this was our reason for  moving from the Lake Washington area of Melbourne to this lovely development.  
Land is still inexpensive when you compare Deer Run to other areas of Brevard.  The secret is out!

I've complied a list of current vacant land sales from1/1/2020 - 6/30/2020.  Sales are pulled from both public record and The Space Coast MLS. Sales can also been seen on Zillow.com or Realtor.com.  I've personally sold two of these lots.  There is some research on the buyer's part of which to be aware but you just can't beat the price per acre in Deer Run.

1/3/2020   - 8560 Horseshoe Ave          2.53 Acres   $29,000
1/10/2020 - 256 Appaloosa St               2.65 Acres   $43,000
1/15/2020 - 0 Fox Trail                           2.53 Acres   $41,000
1/16/2020 - 258 Stallion St                    2.71 Acres   $45,000
1/27/2020 - 268 Appaloosa St               2.65 Acres   $43,500
2/21/2020 - 0  Horseshoe Ave               3.69 Acres   $42,500
3/3/2020   - 0 Fox Trail                           2.53 Acres   $40,000
3/3/2020  -  278 Stallion St                    2.72 Acres   $39,000
4/29/2020 - 8552 Horseshoe Ave         2.53 Acres   $40,000
6/25/2020 - 304 Trotters Ave                2.70 Acres   $37,000

JoAnn Young - Young & Young Properties 321-243-4917 
Email me directly at JoAnn@MyFLDreamHome.com 
Serving Brevard in Real Estate Sales & Finance since 1996

Monday, June 22, 2020

Brevard County, FL MLS Statistics for May 2020

The following is provided by the Space Coast Association of Realtors:

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

  • Closed Sales are down -34.7% for May 2020 in which the number of units closed was 716 compared to 1,096 in May 2019, with a decrease in cash sales of -46.3% compared to May 2019.
  • New Pending Sales are up +17.8% and New Listings are up +1.6%.
  • The Median Sales Price for Brevard Single Family homes is up +4.5% to $250,000 compared to a year ago, which was $239,208.
  • Months Supply of Inventory is down -10% to 2.7 months, a decrease from 3.0 months in May 2019.
  • Traditional Sales are down -34.3%, with a median sales price of $251,500.
  • Foreclosure/REO Sales are down -40.7%, with 16 sales and a median sales price of $170,500.
  • Short Sale Closings are down -100% with no closed sales in May 2020 compared to 4 closed sales in May 2019.

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

  • Closed Sales are down -43.8% for May 2020 in which the number of units closed was 167 compared to 297 in May 2019, with a decrease in cash sales of -46.0% compared to May 2019.
  • New Pending Sales are down -1.1% and New Listings are down -8.8%.
  • Median Sales Price for Townhomes/Condos is down -10.2% to $168,000 compared to a year ago, which was $187,000.
  • Months Supply of Inventory is down -12.5% to 3.5 months in May 2020 from 4.0 months in May 2019.
  • Traditional Sales are down -43.8%, with a median sales price of $178,500.
  • Foreclosure/REO Sales are down -40.0%, with 3 sales and a median sales price of $105,000.
  • Short Sale Closings are umchanged at 0.0% with 0 closed sales in May 2020 compared to 0 closed sales in May 2019.
JoAnn Young - Sales Associate 
Young & Young Properties
321-243-4917