Brevard County, Florida Condo Townhouse Market Report November 2016

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Real Estate Agent with Tropical Realty Beachside power by eXp

 Brevard County, Florida Condo and Townhouse Market Report November 2016

 

Closed Sales

 

were up 17.3% for November 2016 with 203 units closed vs. 173 in November 2015

Cash sales

 

increased 13.3% compared to November 2015.

 

New Pending Sales

were up 9% and

 

New Listings

 

were up 15.9%.

 

Median Sales Price for Townhomes/Condos

 

was up 3.3% to $142,000 compared to a year ago, which was $137,500.

Months' Supply of Inventory

 

is up 9.1% to 3.6 months compared to 3.3 months in November 2015

 

Traditional Sales

 

are up 20.5%, with a median sales price of $145,000.

Foreclosure/REO Sales

 

are down -20%, with a median sales price of $100,500.

 

Short Sale Closings 

 

are down -50%, with a median sales price of $115,500.

 

For more information on the Brevard County, Florida Real Estate market, call or email me.

 

 

 

 

Posted by

Diana Zaccaro P.A., REALTOR®

"Your Coastal Connection for Cocoa Beach

and the Brevard County Beaches"

Direct: 321.537.7855  - DianaZaccaro@gmail.com

 Tropical Realty Beachside

powered by eXp

 

 

 

 

 

 

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Rainmaker
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Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

thanks for the market update! I love seeing what is going on in different parts of the country- lets me prepare my clients for what is coming here.

Dec 29, 2016 08:44 PM #1
Rainmaker
2,757,767
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Diana what an awesome Market Report and interestingly enough Case  Schiller should read it too... since they officially declared that the market is like it was at the top of the market before it crashed... they need to go out and learn....Endre

Dec 29, 2016 09:33 PM #2
Rainmaker
667,808
Diana Zaccaro
Tropical Realty Beachside power by eXp - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

Any time, Lise! Happy New Year and best wishes for a great year in 2017!

Jan 03, 2017 07:45 PM #3
Rainmaker
667,808
Diana Zaccaro
Tropical Realty Beachside power by eXp - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

Endre Barath, Jr. 

Endre,

Thanks, Endre. You know, that really irks me...people hear one thing with respect to national trends and, of course, real estate is local so it can vary wildly in their local market. And that's even more true here since Cocoa Beach is its own little micro market but those reports never drill down to that level.

Happy New Year to you and Diane and all the best in 2017!

Diana

Jan 03, 2017 07:49 PM #4
Rainmaker
2,757,767
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Diana, Happy New Year to you as well and we are on the same page...wishing you a superb 2017!, Endre

Jan 03, 2017 09:38 PM #5
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Rainmaker
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Diana Zaccaro

Your Brevard County, Florida coastal connection!
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