UPDATED 1/1/13 Home Values In Brevard County FL, "Florida's Space Coast":
Since the middle of 2011 home prices have stabilized and have begun an upward swing. A lot of that has to do with the decreased inventory of home for sale and increased demand.
The 4th quarter of 2012 showed an increase in the median price of 15% from the 4th quarter of 2011. Of all the residential sales in 2011, 45% of them were distressed properties (short sales or foreclosures). In 2012 only 40% of the residential sales were distressed properties and below 45% of the … (0 comments)
Home Values In Brevard County FL, "Florida's Space Coast": Distressed properties (foreclosures / short sales) continue create downward pressure on home prices. From the peak prices in 2005 to the end of 2nd quarter of 2011 the median price for residential property has declined by about 54%*.
The second quarter showed a 22% increase in the median price for homes sold compared to the first quarter of this year. That increase was … (20 comments)
Home Values In Brevard County FL, "Florida's Space Coast": Distressed properties continue create a lot of downward pressure on home prices. From the peaks in 2005 to the end of fourth quarter of 2010 the median price for residential property has declined by 57%*.In 2010, according to MLS data, 46% of all the residential properties that sold in Brevard County were distressed. (27% foreclosures and 19% short sales) In the past two years the home value declines have not been … (0 comments)
Home Values In Brevard County FL, "Florida's Space Coast":
Distressed properties continue create a lot of downward pressure on home prices. From the peaks in 2005 to the end of third quarter of 2010 the median price for residential property has declined by 58%*.Prices remained relatively stable throughout 2009 , but the increase in distressed properties (foreclosures and short sales) in 2010 has pushed prices to new lows. Of the 4,916 residential homes that sold in Brevard County since the start of 2010, 47%* of those … (0 comments)
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