As provided by the Space Coast Association fo Realtors:
A recap of the Brevard County Residential Report for Q1
2017:
- Closed Sales are
down -0.7% for Q1 2017
in which the number of units closed was 2,158 compared to 2,174 in Q1
2016, with a decrease in cash sales of -15.2% compared to Q1
2016.
- New Pending
Sales are down -2.7% and
New Listings are up 4.6%.
- The Median Sales
Price for Brevard Single Family homes is up 16.1% to $196,250 compared to a year ago, which was
$169,000.
- Months Supply of
Inventory is down -7.4% at 2.5 months
compared to 2.7 months in Q1 2016.
- Traditonal Sales
are up 7.6%, with a
median sales price of $200,000.
- Foreclosure/REO
Sales are down -53.6%, with
a median sales price of $140,000.
- Short Sale
Closings are down -45.9%, with
a median sales price of $235,000.
A quick recap of the Brevard County Townhouses/Condos for Q1
2017 compared to Q1 2016:
- Closed Sales are
up 7% for Q1 2017 in
which the number of units closed
was 625 compared to 584 in Q1 2016, withan increase in cash sales of 10.7% compared to Q1 2016. - New Pending
Sales are up 5.2% and
New Listings are down -1.9%.
- Median Sales
Price for Townhomes/Condos is up 4.3% to $145,000 compared to a year ago,
which was $139,000.
- Months Supply of
Inventory is down -10% to 3.6
months compared to 4 months in Q1 2016.
- Traditional
Sales are up 14.1%, with
a median sales price of $146,500.
- Foreclosure/REO
Sales are down -52%, with
a median sales price of $119,487.
- Short Sale
Closings are down -87.5%, with a median sale price of $87,000.
