As we head into the last month of 2008 this year will definitely go down as one of the bleakest in recent memory for real estate. The prices have dropped considerably. Foreclosure rates have risen throughout the year. But single family homes are still selling.
During November 2008 there were about 320 single family homes that closed in Brevard County. An interesting statistic is that according to the Brevard MLS system information about one-third of the homes that sold were sold for "CASH." This is a higher percentage than I can recall seeing in the past.
Here is a summary as of today however these numbers may change a bit as agents continue to add some closings that were not yet recorded. The Average Selling Price was $175,282 while the Average List Price was $195,872. The Median List Price was $139,900 with a Median Sell Price of $132,400. The Average Days on Market was 108 days which has been fairly consistent over the past several months.
For information on the Brevard County Florida real estate market please feel free to contact me at 321-693-3850 or email me at email@example.com.
Gary Waters, Florida licensed real estate agent, Century 21 Baytree Realty, Rockledge, Florida.