From the Space Coast Area of Realtors
A quick recap of the Brevard County Residential Report for
January 2017 compared to January 2016:
- Closed Sales are
up 2.7% for
January 2017 in which the number of units closed was 600 compared to
584 in January 2016, with a decrease in cash sales of -17.9%
compared to January 2016.
- New Pending
Sales are up 5.6% and New Listings are up 16%.
- The Median Sales
Price for Brevard Single Family homes is up 18.2% to $195,000
compared to a year ago, which was $164,950.
- Months Supply of
Inventory is down -10.3% at 2.6 months compared
to 2.9 months in January 2016.
- Traditonal Sales
are up 12.4%, with a median sales price of $200,000.
- Foreclosure/REO
Sales are down -43%, with a median sales price of
$128,800.
- Short Sale
Closings are down -73.3%, with a median sales price
of $285,500.
A quick recap of the Brevard County Townhouses/Condos for
January 2017 compared to January 2016:
- Closed Sales are
up 24.8% for
January 2017 in which the number of units closed
was 186 compared to 149 in January 2016, witha increase in cash sales of 40.7% compared to January 2016. - New Pending
Sales are up 15.3% and New Listings are down -5.6%.
- Median Sales
Price for Townhomes/Condos is up 4.8% to
$143,000 compared to a year ago, which was $136,500.
- Months Supply of
Inventory is down -5% to 3.8 months compared to 4
months in January 2016.
- Traditional
Sales are up 31.6%, with a median sales price of
$144,000.
- Foreclosure/REO
Sales are down -41.7%, with a median sales price of
$95,000.
- Short Sale
Closings are down -100%. Year-over-year data is not available as
there were no sales in January 2017. The January 2016 median short sale
sales price was $62,000.
