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Brevard County, Florida Residential Report - August 2018

By
Real Estate Agent with ZOOM Realty Group

Brevard County, Florida Residential Report - August 2018

 

This report provides a summary of the Brevard County, Florida Residential Market for August 2018 compared to August 2017.

 

Closed Sales were up 0.8% for August 2018 with 969 units closed compared to 961 in August 2017.

 

Cash sales decreased -3.9% compared to August 2017.

 

New Pending Sales were down -10.2%.

 

New Listings were up 13.4%.

 

The Median Sales Price for Brevard Single Family homes is up 5.6% to $235,000 compared to a year ago, when it was $222,500.

 

 

Months’ Supply of Inventory was up 22.2% to 3.3 months, an increase from 2.7 months in 2017.

 

Traditional Sales were up 2.9%, with a median sales price of $237,500.

 

Foreclosure/REO Sales were down -37.8%, with a median sales price of $130,200.

 

Short Sale Closings were down -62.5%, with a median sales price of $170,000. 

 

For more information on the Brevard County, Florida Real Estate market,

call, text or email me.

 

 

 

 

Posted by

Diana Zaccaro, PA

Broker Associate

"Your Coastal Connection for Cocoa Beach and the Brevard County Beaches"

Direct: 321.537.7855  - DianaZaccaro@gmail.com

 ZOOM Realty Group

  

 

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Yes when the price points increase the cash buyers dwindle out of the market, Endre

Sep 21, 2018 11:35 PM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Diana Zaccaro - Thanks for sharing what's going on in your market. I didn't know your area was still having short sales and foreclosures. Even though cash sales decreased I know that there is always hope for those who hire you for all their real estate needs because you are truly the best in your area, always willing to go the extra mile to help buyers and sellers achieve their real estate goals. And it's great to know sales are up by 8%!

Sep 22, 2018 05:45 AM
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Endre Barath, Jr. 

Endre, You are spot on, as usual! Diana

 

Oct 05, 2018 08:20 PM
Diana Zaccaro Broker Associate
ZOOM Realty Group - Cocoa Beach, FL
"The Accidental Blogger" Cocoa Beach, Florida

Patricia Feager 

Thankfully the short sales and foreclosures are few and far between now. You can see the decrease from a year ago but these stats are only for Brevard County. Some parts of the state are actually seeing increases in distressed sales and I hate that.

I hope your market is strong and that you are keeping busy!

Oct 05, 2018 08:24 PM