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Friday, December 10, 2010

Foreclosures in Brevard County: More than 25% of November 2010 Residential Sales

Of the 441 residential properties sold in Brevard County during November 2010, about 26% were foreclosure (bank owned) properties. 

The total dollar value of the foreclosures sales was less than 15% of the total residential sales volume of $62,623,580. 

Residential foreclosure sales statistics for November 2010 Brevard County sales included:
  • Number of residential properties sold:  119
  • Average Days on Market: 59
  • Average Selling Price: $75,837
  • Median List Price: $80,356
A word of caution for those who see foreclosures as the goose laying the golden is not so!

Foreclosure properties are typically not in move in condition. Many have been stripped of the appliances and more! Many are not in a condition where buyers can obtain a mortgage.

  [Data extracted from Brevard MLS system on date of publish. Deemed accurate but not guaranteed.]

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