Real Estate Market Summary Brevard County, FL 3rd Quarter 2017

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

Presented below is a summary report of the Brevard County, Florida real estate activity and market for the third quarter of 2017 compared the same quarter a year ago.

Summary of the Brevard County Residential Market for Q3 2017:

  • Closed Sales - down -3.4% for Q3 2017 with 2,528 units closed compared to 2,617 in Q3 2016. There was also a decrease in cash sales of -11.7% in Q3 2017.
  • New Pending Sales - decreased -9.6%.
  • New Listings - increased 1.3%.
  • Median Sales Price for Brevard Single Family homes - climbed 11.7% to $220,000 compared to a year ago which was $196,950.
  • Months Supply of Inventory - grew 12% to 2.8 months from 2.5 months in 2016.
  • Traditional Sales (Fair Market) - dropped -0.6% with a median sales price of $221,620 although my guess is Hurricane Irma had some impact.
  • Foreclosure/REO Sales - down -41.8% with a median sales price of $135,000.
  • Short Sale Closings - also down -41.9% with a median sales price of $180,000.

Summary of the Brevard County Townhouse/Condo Market for Q3 2017:

  • Closed Sales - down -6.1% for Q3 2017 in which the number of units closed was 626 compared to 667 in Q3 2016, with a decrease in cash sales of -21.3% compared to Q3 2016.
  • New Pending Sales - dropped -12.9%.
  • New Listings - up 0.8%.
  • Median Sales Price for Townhomes/Condos - up 8.8% to $160,000 compared to a year ago which was $147,000.
  • Months Supply of Inventory - did not change (remained 3.4 months).
  • Traditional Sales (Fair Market Sales) - 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.

For information on buying a home in Melbourne, Florida, please call or text me at 321-693-3850.

agent@moving2brevard.com

 

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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Rainmaker
595,587
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Looks like your market area could use some more inventory that is the case in my market area. Thanks for sharing I hope you enjoy the weekend.

Nov 03, 2017 09:37 AM #1
Rainmaker
3,928,219
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Gary.  Thanks for keeping us updated with the Brevard County real estate market.

Nov 04, 2017 05:08 AM #2
Rainmaker
1,582,057
Patricia Feager
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Buyers and Sellers looking to move to Brevard can count on Gabe Sanders for best Real Estate services!

Nov 05, 2017 07:23 AM #3
Rainmaker
3,221,499
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Gary

Thank you for sharing the 3rd-quarter 2017 real estate market update for Brevard County Florida.

Good luck and success.

Lou Ludwig

Nov 05, 2017 08:55 PM #4
Rainmaker
395,408
Francine Viola
Coldwell Banker Evergreen Olympic Realty, Olympia WA - Olympia, WA
Realtor, In Tune with your Real Estate Needs

Great summary of the market activity in Brevard County, FL.  And I appreciate the map because I didn't know where this was!

Nov 06, 2017 03:11 PM #5
Rainmaker
2,289,227
Lisa Von Domek
Lisa Von Domek & Associates LLC Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Hello Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC great market information for the Brevard County area!

Nov 06, 2017 07:14 PM #6
Rainmaker
2,472,780
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This is a little different than New York or LA but still a very viable in so many ways! Good luck!

Nov 16, 2017 10:29 AM #7
Rainmaker
2,472,780
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Lisa, I wouldn’t really have it any other way than to have good information like this at this level! Lisa Von Domek

Nov 16, 2017 10:32 AM #8
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Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC

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