Brevard County, Florida Residential and Condo Market Summary August 2017

By
Real Estate Broker/Owner with Waters Realty of Brevard, LLC BK3064647

Presented below is a summary of the Brevard County, Florida real estate markets for August 2017 compared to the market one year ago as provided by the Florida Realtors.   
 
The first report summarizes the single family home market for August 2017:
  • Closed Sales - up 9.3% for August 2017  with 961 units closed compared to 879 in August 2016.
  • New Pending Sales - increased 2.3% in August 2017 vs last year.
  • New Listings - up 6.4%.
  • Median Sales Price for Brevard Single Family homes -  up 14.1% to $222,500 compared to a year ago which was $195,000.
  • Months Supply of Inventory - up 8% to 2.7 months an increase from 2.5 months in 2016.
  • Traditional Sales - increased 12.1% with a median sales price of $225,000
  • Foreclosure/REO Sales - down 26% with a median sales price of $127,300.
  • Short Sale Closings - also are down 33.3% with a median sales price of $225,000. 
Now for a quick recap of the Brevard County townhouse and condo market for August 2017:
  • Closed Sales - down 7.0% for August 2017  with 240 units closed compared to 258 in August 2016.
  • New Pending Sales - down 0.4% and New Listings are up 24.2%.
  • Median Sales Price for Townhomes/Condos - dropped 0.6% to $153,125 compared to a year ago which was $154,000.
  • Months Supply of Inventory - no change.  It was 3.4 months in August 2016 and August 2017.
  • Traditional Sales - down 5% with a median sales price of $153,125.
  • Foreclosure/REO Sales - decreased 42.9% with a median sales price of $145,000. 
  • Short Sale Closings - increased 204.4% with a median sales price of $342,250 in August 2017.

 

Posted by

Gary L. Waters, is a Florida licensed real estate broker at  Waters Realty of Brevard, LLC, Melbourne, Florida serving Florida's Space Coast including the cities and surrounding communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and Satellite Beach.

 Call or text me directly at 321-693-3850.

 

 

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Ambassador
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Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC   you are the agent to call when thinking of buying or selling in Brevard-County Florda .you certainly know the local Market

Sep 22, 2017 01:12 PM #1
Rainmaker
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Ben DeHaven
Haven Realty & Investments - Winter Haven, FL
Proudly serving Winter Haven & Lakeland, Florida

Homeowners must love that 14% increase over last year! 

Sep 22, 2017 02:46 PM #2
Rainmaker
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Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo & Home Sale Specialists

Brevard County is up in all the right places. Sellers are going to appreciate this market report!

Sep 25, 2017 08:27 AM #3
Rainmaker
2,546,286
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Your market reports are really good, great details and break downs!

Oct 06, 2017 09:58 AM #4
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Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC

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