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Saturday, January 01, 2011

Brevard County Real Estate Market - December Sales Greater Than November 2010 Sales

December 2010 may turn out to be the upward tick the Brevard County real estate market needs to get off to a stronger 2011.  Although these are preliminary numbers obtained from the Melbourne Multiple Listing Service this morning they are positive!

December 2010 single family home sales in Brevard County were 468 units - higher than the 438 units sold in November.

Of the 468 units sold in December 150 properties were bank owned (foreclosures) - again higher than the 114 foreclosures sold in November. The 81 December short sales was about the same as November's 80.

As for condo sales in December 2010, there were 115 units sold, up from the 103 condos sold in November.  With 29 bank owned condos sold in December, the pace was close to the 30 sold in November as were the 21 short sales (19 in November).

These are all preliminary sales figures which will be revised as end of the year closings are entered in the system.  Sales price data will be entered later.   Suffice it to say, if these hold true, 2011 may be an improvement over 2010 although the sales pries will likely be less.

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