Monday, May 15, 2017

Brevard County 1st Quarter Sales Report

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, with an 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.