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July Market Report for Brevard County FL Real Estate

By Sandy Shores FL Realtor®, Melbourne Real Estate

Real Estate Broker/Owner with M & M Realty of Brevard Inc. BK629999

August 16, 2010 05:19 AM

Melbourne Beach Florida by Sandy Shores

According to the Melbourne Association of REALTORS® statistics are as follows for South Brevard County FL Real Estate:

Currently there are:

5286 residential listings for sale

1430 rental listings available

1417 condos for sale

390 townhouses for sale

109 income producing properties

2470 vacant parcels for sale

For all South Brevard County FL Real Estate, including single family residential, condo, townhouse and vacant lots:

There were 944 new listings.

There were 311 sold listings.

Average sales price was $141,125.

Highest price sold was $1,325,000.

Lowest price sold was $ 1,500.

Average days on the market were 119.

For July 2010 for single family residential units:

There were 689 new listings.

This is an increase of 20.88% from July 2009 of 570 new listings.

There were 256 sold listings.

This is an 30.43% decrease from July 2009 of 368 sold listings.

The average sale price in July 2010 was $138,134.

This is a decrease of 15.70% from July 2009 of $163,869.

Average days on the market were 107, a 7.00% increase from July 2009 of 100 days.

Types of financing used for South Brevard County single family, condos, and townhouses:

159 cash

81 conventional financing

63 FHA

16 VA

0 Exchanges

2 Owner financing

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Woody Willis

Century 21 American Properties West - Jacksonville, NC

Nice rundown. Thanks

Aug 16, 2010 05:24 AM

Sandy Shores FL Realtor®, Melbourne Real Estate

M & M Realty of Brevard Inc. - Melbourne, FL

Brevard County Real Estate, Florida's Space Coast

Thanks Woody. much appreciated.

Aug 16, 2010 06:21 AM

Kevin J. May

Florida Supreme Realty - Hobe Sound, FL

Serving the Treasure & Paradise Coasts of Florida

And all of this fact finding at the beginning of a new dawn. Have a fabulous day Sandy!

Aug 16, 2010 06:45 AM

Kevin, Got'cha, and I know that I can't pull one over on you very often. However, this gorgeous picture was actually taken on the Indian River facing west, sooo it is a picture of the sun setting and not the sun rising. In Melbourne Beach it's hard to tell, we can watch the sun rise over the ocean or walk across the street and watch the sun set over the river. What a great place to live! Thanks Kevin - hope it's a great one for you too!

Aug 16, 2010 06:58 AM

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Sandy

Thanks for sharing the market report for Brevard County Florida.

Good luck and success.

Aug 16, 2010 10:40 AM

Wendy Rulnick

Rulnick Realty, Inc. - Destin, FL

"It's Wendy... It's Sold!"

Sandy - Seems like quite an oversupply and a declining market. Your days on the market is short, though!

Aug 16, 2010 12:30 PM

Bruce Walter

Keller Williams Realty Lafayette/West Lafayette, Indiana - West Lafayette, IN

Hi Sandy, wow those are some down figures. Any gut feeling for where your market is going the rest of the year?

Aug 16, 2010 02:38 PM

Rob Arnold

Sand Dollar Realty Group, Inc. - Altamonte Springs, FL

Metro Orlando Full Service - Investor Friendly & F

Am I reading that right? 5286 listings in July and only 256 solds? If so, that is a frightening stat.

Aug 17, 2010 03:00 AM

Ann Hayden 636-399-7544

Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO

SelectAnn.com

Sandy,

$1500??? WOW! What kind of house was that??

Ann Hayden in Wildwood, MO

Aug 23, 2010 02:57 PM

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

Sandy - We can all hope the July stats are a blip that is indicative of the ending of the First Time Homebuyer Tax Credits. The coming months will tell us whether this baby can fly on its own. Much will depend on the employment picture, and consummer confidence! I love that picture of the sunrise or sunset by the way!

Aug 25, 2010 12:58 AM

Paul S. Henderson, REALTOR®, CRS

Fathom Realty Washington LLC - Tacoma, WA

South Puget Sound Washington Agent/Broker!

Looking at these numbers, I see a lack of 1031 Exchanges. Is this a trend?

Aug 27, 2010 03:44 AM

July Market Report for Brevard County FL Real Estate

Comments(11)

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