Brevard County, Florida Condo/Townhouse Market Report May 2018

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Real Estate Agent with Tropical Realty Beachside power by eXp

Brevard County, Florida Condo/Townhouse Market Report

May 2018

 

This report provides a summary of the Brevard County, Florida Condo/Townhouse Market for May 2018 compared to May 2017.

 

 

 

Closed Sales

 

were up 11.9% for May 2018 with 302 units closed compared to 270 in May 2017.

 

Cash sales

 

increased 7.9% compared to May 2017.

  

New Pending Sales

 are down -3.9 %.

 New Listings

 

are up 13.8%.

  Median Sales Price

 

for Townhomes/Condos is up 10.7% to $179,950 compared to a year ago, which was $162,500.

  

Months’ Supply of Inventory

 

has decreased to 3.5 months in May 2018 from 3.6 months in May 2017.

  

Traditional Sales

 

are up 16.7%, with a median sales price of $180,000.

  

Foreclosure/REO Sales

 

are down -91.7% with a median sales price of $55,000. 

 

Short Sale

 

closing statistics did not change, as there were no short sales in May 2017 or May 2018.

 

For more information on the Brevard County real estate market, contact 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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2018 Market Reports

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Rainmaker
2,759,441
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Diana, seems like this is the trend in my market, fewer sales, shorter days on market and prices increasing and inventory is less, all we need to do is change the location:)Endre

Jul 08, 2018 09:24 PM #1
Rainmaker
4,322,714
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

Good morning, Diana Zaccaro it looks like your market is healthier than ours....3.5 months of inventory is not too extreme.... we've been dealing with 1 month....

Jul 09, 2018 04:12 AM #2
Rainmaker
4,053,834
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

You always provide good information about your housing market. Thank you for sharing 

Jul 09, 2018 06:54 AM #3
Rainmaker
667,908
Diana Zaccaro
Tropical Realty Beachside power by eXp - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

Endre Barath, Jr. 

Endre, That is quite a coincidence that we are at opposite ends of the country and our markets are so similar! Diana

 

Jul 12, 2018 01:18 PM #4
Rainmaker
667,908
Diana Zaccaro
Tropical Realty Beachside power by eXp - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

Barbara Todaro 

Barbara, I can't imagine dealing with only one month of inventory! I thought we had it bad with 3.5! Diana

Jul 12, 2018 01:20 PM #5
Rainmaker
667,908
Diana Zaccaro
Tropical Realty Beachside power by eXp - Cocoa Beach, FL
Your Brevard County, Florida coastal connection!

Gita Bantwal 

Thanks, Gita! I hope your market is strong and productive for you. Diana

 

Jul 12, 2018 01:21 PM #6
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Rainmaker
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Diana Zaccaro

Your Brevard County, Florida coastal connection!
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