Brevard County, FL Real Estate Market Summary April 2018

By
Real Estate Agent with Bucci Realty, Inc. BK3064647

Presented below is a recap of the Brevard County Residential (Single Family Home) Report for April 2018:
  • Closed Sales are up 12.7% for April 2018 with 907 units closed compared to 805 in April 2017. There was a decrease in cash sales of -6.7% compared to April 2017.
  • New Pending Sales are down -0.7%.
  • New Listings are up 7.7%. 
  • The Median Sales Price for Brevard Single Family homes is up 11.2% to $227,500 compared to a year ago ($204,655).
  • Months Supply of Inventory is up 16% to 2.9 months an increase from 2.5 months.
  • Traditional Sales are up 17.4% with a median sales price of $228,000.
  • Foreclosure/REO Sales are down -64.1% with a median sales price of $138,750.
  • Short Sale Closings are down -71.4% with a median sales price of $133,250. 
Here is the recap of the Brevard County Townhouse and Condo market for April 2018:
  • Closed Sales are up 7.2% with 253 units closed compared to 236 in April 2017.
  • New Pending Sales are up 15.5 %.
  • New Listings are up 6.8%.
  • Median Sales Price for Townhomes/Condos is up 18.8% to $190,000 compared to a year ago which was $160,000.
  • Months Supply of Inventory has decreased to 3.5 months in April 2018 from 3.7 months in April 2017.
  • Traditional Sales are up 6.9% with a median sales price of $192,000.
  • Foreclosure/REO Sales are up 100% with a median sales price of $98,000. 
  • There were no short sales in April 2018 and one in April 2017.

 

Posted by

Gary L. Waters, is a Florida licensed real estate broker associate with Bucci Realty, Inc. in Melbourne, Florida.  

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

 

 

 

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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Gary- What a strong market report for Brevard County!!! Buyers and sellers should contact you for more information . 

May 29, 2018 05:50 PM #1
Rainmaker
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Joyce Marsh, Daytona Beach Florida
Joyce Marsh at Premier Sotheby’s International Realty - Daytona Beach, FL
Proudly Selling Extraordinary Homes and Lifestyles

Thank you for sharing the latest sales and inventory report on this segment of the real estate market in Brevard County Florida. 

Jun 03, 2018 01:44 AM #2
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Rainmaker
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Gary L. Waters Broker Associate, Bucci Realty

Fifteen Years Experience in Brevard County
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