Tuesday, September 2, 2014

The Numbers Do Not Lie. We are on the Way Back in Brevard!

Sales Statistics for July 2014 are in!  Sales Prices are UP!  Median Sale prices are UP!  Short Sales and Foreclosures are gradually disappearing.  It's all good!
Information is provided by the Space Coast Association of Realtors (SCAR):

Brevard County Residential Report for July 2014 compared to July 2013: 
  • Closed Sales are up 7.9% for July 2014 in which the number of units closed were 890 compared to 825 in July 2013, with an decrease in cash sales by -8.3% compared to July 2013.
  • New Pending Sales are up 5.5% and New Listings are up 0.3%.
  • Median Sales Price for Brevard County Single Family Homes are up 19.8% to $148,500 compared to a year ago, which was $124,000. 
  • Median Days on the Market are down -12.5%, which is 35 days compared to 40 n July 2013.
  • Months Supply of Inventory is down -8.3% to 3.8 months compared to 4.1 months in July 2013. 
  • Traditional Sales are up 23.2%, with a median sales price of $175,000.
  • Foreclosure/REO Sales are down -3.3%, with a median sales price of $81,175.
  • Short Sale Closings are down -62.2%, with a median sale price of $113,000.

Brevard County Townhouses/Condos Report for July 2014  compared to July 2013: 

  • Closed Sales are down -2.0% for July 2014, with a decrease in cash sales of -4.8% compared to July 2013. 
  • New Pending Sales are down -10.8% and New Listings are down -3.6%.
  • The Median Sales Price for Townhouses/Condos are up 10.5% to $129,261.
  • Median Days on the Market are down 3.8%, which is 50 days compared to July  2013, which was 52 days.
  • Months Supply of Inventory is down -19.6%, which is 4.7 months compared to July 2013, which was 5.8 months.   
  • Traditional Sales are up 5.5%, with a median sales price of $152,000.
  • Foreclosure/REO Sales are down -11.4%, with a median sales price of $65,568.
  • Short Sale Closings are down -53.8%, with a median sale price of $83,000.
If you are considering BUYING or SELLING, call JOANN YOUNG  321-243-4917.  Put my experience and customer service to work for you!