Sales statistics provided by Space Coast Association of Realtors, Third Quarter for
2017 (July - Sept.)
Real Estate is "local" to an area. (not the whole state or country). The SCAR report is all of Brevard County the two lists are comprised of SFR homes and then Condos and Townhomes
A quick recap of the Brevard County Residential Report:
- Closed Sales are
down -3.4% for Q3 2017
in which the number of units closed was 2,528 compared to 2,617 in Q3
2016, with a decrease in cash sales of -11.7% compared to Q3 2016.
- New Pending
Sales are down -9.6% and
New Listings are up 1.3%.
- The Median Sales
Price for Brevard Single Family homes is up 11.7% to $220,000 compared to a year ago, which was
$196,950.
- Months Supply of
Inventory is up 12% to 2.8
months, an increase from 2.5 months in 2016.
- Traditional
Sales are down -0.6%, with
a median sales price of $221,620.
- Foreclosure/REO
Sales are down -41.8%, with
a median sales price of $135,000.
- Short Sale
Closings are down -41.9%, with
a median sales price of $180,000.
A quick recap of the Brevard County Townhouses/Condos:
- Closed Sales are
down -6.1% for Q3 2017
in which the number of units closed
was 626 compared to 667 in Q3 2016, witha decrease in cash sales of -21.3% compared to Q3 2016. - New Pending
Sales are down -12.9% and
New Listings are up 0.8%.
- Median Sales
Price for Townhomes/Condos is up 8.8% to $160,000 compared to a year ago, which
was $147,000.
- Months Supply of
Inventory did not change. It
was 3.4 months in Q3 2016 and Q3 2017.
- Traditional
Sales are down -3.8%, with
a median sales price of $162,000.
- Foreclosure/REO
Sales decreased -37.5% with
a median sales price of $115,000.
- Short Sale
Closings decreased -62.5%, with
a median sales price of $329,500 in Q3 2017.
It will be interesting to see how this year ends!
JoAnn Young, Realtor - Young and Young Properties, 321-243-4917
