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Thursday, October 27, 2011

Just the facts…Brevard County Real Estate Facts in October 2011

The below sales figures and statistics represent closed transactions through September 30, 2011.
  • Residential sales up 11% over first 9 months of 2010
  • September 2011 residential sales were down 15% from September 2010 sales
  • 54% of residential properties sold this year were three bedroom units (no surprise here!)
  • 77% of properties purchased had 2 bathrooms
  • Almost 25% of residential sales this year were financed with conventional loans
  • 6% of buyers used VA loans for residential purchases
  • 53% of residential buyers paid with cash so far this year
  • 17% of all residential sales have been for less than $50,000
  • Only 8% of residential properties sold for more than $300,000
  • Condos sold this year up 21% over last year (1,144 vs. 943)
  • 32% of condos sold so far had selling price below $50,000
  • Less than 6% of condos sold had selling price above $350,000
  • 50% of condos sold for less than $100,000
Source: Brevard MLS Listings Database 
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